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Governor

Vologda Oblast Governor Oleg Kuvshinnikov held a meeting of the Coordination Council for development of investment potential of Vologda’s municipalities.

21.08.2013

Vologda Oblast Governor Oleg Kuvshinnikov held a meeting of the Coordination Council for development of investment potential of Vologda’s municipalities.

The meeting participants briefed on investment potential of the Vologda Oblast, integrated development of municipalities, implementation of ongoing investment projects. At the meeting the Governor and members of the Coordination Council shared lessons learned and difficulties they came across.

Most districts of the Vologda Oblast have already switched to implementation of investment projects, the so called “points of growth”, the expansion of which will result in development of social, transport and engineering infrastructure.

The Governor emphasized that many projects that are underway in Vologda’s municipalities affect the interests of neighbouring districts, especially those that deal with forest management, wood processing and pulp industry development.

Every district of the Vologda Oblast established a working group on investment potential development and the institution of Investment Commissioners. All these will lead to expansion of budget revenues, creation of new working places, and development of rural areas.

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