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12 Companies Decided to Implement their Projects worth 70 Billion Rubles in the Kaluga Region This Year


Networking reception of the Regional Investor Club was held in Tarusa on September 24. There were members of the Kaluga Region Government, heads of Russian and international companies implementing projects in the region, representatives of development institutions, and potential investors.

The meeting was also attended by Anatoly Artamonov, Chairman of the Council of the Federation Budget and Financial Markets Committee, Vitaly Khotsenko, Director of the Department of Regional Industrial Policy and Project Management of the Ministry of Industry and Trade of Russia, and Tadzio Schilling, General Director of the Association of European Businesses. 

More than 300 participants gathered at the meeting of the Investor Club this year. “The Kaluga Region is maintaining the rate of attracting investments and increasing its industrial output. The family of Kaluga investors is growing. This year alone, 12 companies have joined us with projects worth 70 billion rubles,” the Governor of the region Vladislav Shapsha said in his welcoming speech.

When addressing the participants of the event, Anatoly Artamonov noted: “We understand the risk you take when you decide to run a business in an unfamiliar region. The common endeavour of the municipal, regional and, of course, federal authorities was to ensure that our investors are comfortable and safe to locate in the Kaluga region, so that their business grows and develops.”

Vitaly Khotsenko, Department of Regional Industrial Policy and Project Management of the Ministry of Industry and Trade of the Russian Federation, emphasized in his speech that the Kaluga Region was second in the Effectiveness of Industrial Policy Rating of the regions in 2020: “New mechanisms used by the federal center to support regional industrial policy will further help to be successful in supporting a favorable investment climate in the region. It is necessary for the region to grow stronger and be a better place for the residents of Kaluga.”

The representatives of Kaluga companies were awarded regional awards during the evening.

Vladislav Shapsha also solemnly presented the Russian passport to Florence Gervais D’Alden, the head of Rose Fairy. The organization was founded by a Frenchwoman in 2008 and is a unique producer and importer of fragrant peony roses in Russia. The company propagates exclusive luxury varieties in the Kaluga Region. The head of the region noted that Florence Gervais D’Alden has lived and worked in Russia for about 30 years, and 15 of them in the Kaluga region.

A number of working meetings were held within the meeting of the Club. The implementation of a charitable project in the Kaluga Region, a free family hotel in the new building of the Children’s Regional Hospital, have been discussed by and between Vladislav Shapsha and the management of one of the catering companies. The topics of the meetings were the development of the pharmaceutical cluster and the implementation of tourism projects.

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