Republic of Karelia
in numbers
Foreign investors
in Republic of Karelia

Related Reading

Document name
Karelia. A Perfect Fit for your investment
EN 2019
Republic of Karelia
EN 2019
The Republic of Karelia Development Corporation, JSC
Address: The Republic of Karelia, the city of Petrozavodsk, 11 Giullinga Embankment, 11 (Business incubator, suite 19)
Tel.:  +7 (8142) 44-54-00
Fax:  +7 (8142) 44-54-00



LLC Setles, a member of Stora Enso group, has recently completed upgrade of sawmill in Impilahti settlement of the Pitkyarantsky District. The total volume of investments in sawmill production reached RUB 388 million, and the company invested 71 million rubles in the construction of new forest infrastructural facilities.
The Minister of Industry and Trade of the Russian Federation Denis Manturov held a business meeting with Artur Parfenchikov, the Head of the Republic of Karelia and Alexander Shakutin, the Chairman of the Board of Directors of AMKODOR JSC, the managing company of the holding (Republic of Belarus). During the meeting, they discussed the issue of engineering and manufacturing of modern forestry equipment: wheeled harvesters and forwarders.
The first Karelian hypermarket of the French Leroy Merlin chain was opened on Wednesday in Petrozavodsk, the capital city of the region. The investments in the project amounted to about 1.5 billion rubles, Artur Parfenchikov, the Acting Head of the Republic, reported at the official opening ceremony.
A high-tech data center in the city of Nadvoitsy, Segezha district, will be built by DClab in cooperation with the Chinese server manufacturing company Inspur. The work is scheduled to begin before September 2019, the head of Karelia Arthur Parfenchikov said on his page on VKontakte.
The Russian Direct Investment Fund plans to implement a new wind generation project worth $100 million in Karelia, in cooperation with the BRICS Bank and partners from the PRC, in particular, the Fujian Province, as Kirill Dmitriev, the RDIF’s Head, told in his interview to RIA Novosti on the sidelines of the Eastern Economic Forum.
China State Energy Engineering Corp. (Sinomec) and the Government of the Republic of Karelia have signed a cooperation agreement in Petrozavodsk providing for the construction of a RUB 9 bln wind power plant that will become the first wind power plant in the Republic, TASS correspondent reports from the signing ceremony held in the presence of Sinomec Senior Vice President Li Yang and Head of the Republic of Karelia Alexander Khudilainen.

Select a region