On February 17, 2011 the President of the International Community Association of Nizhny Novgorod (ICANN) Roeland Van Gestel signed the Memorandum of Understanding with the Nizhny Novgorod Regional Governor Valery Shantsev.
The Memorandum of Understanding (MOU) envisages closer cooperation between the foreign businesses in the Nizhny Novgorod region and the regional government. The latter received feedback on the local economic climate, and support in attracting foreign investors. In return, ICANN members receive first-hand information on economic measures and changes through formal and informal meetings with government officials. This MOU is a solid foundation for all further lobbying efforts for the international community in the Nizhny Novgorod region.
“The Nizhny Novgorod regional government is set to do all that is necessary in order to develop business connections and attract foreign investors to establish new production sites, joint ventures in logistics and infrastructure,” Valery Shantsev emphasized. Governor Shantsev also invited ICANN member companies to participate in the Governor’s Investment Council, a close circle of experts for evaluating significant investment projects.
According to ICANN President Roeland Van Gestel, the Nizhny Novgorod region has attracted more foreign investors in the last few years. “We have always actively worked with the regional government, and today we are happy to formalize this relationship,” said Van Gestel. “The MOU is to become the template for future relations to ensure mutually beneficial results for all parties involved. We are planning the first workgroup meeting to identify key focus areas for our cooperation with the Government in 2011 in the coming weeks.”
The MOU was signed at the joint session of ICANN and the Council of Investors in the World Trade Center of Nizhny Novgorod, an event co-organized by the Ministry of Investments, the Department of International Relations and ICANN. Governor Shantsev and ICANN members also discussed changes in investment politics for 2011, the economic support of investors, the Public Private Partnership and other questions. On the same day Governor Shantsev visited the production sites of Freudenberg Politex, Flaig + Hommel in Zavolzhie and the opening of the new hotel Ibis in Nizhny Novgorod. Afterward the award ceremony for best investment projects was held at the Premio entertainment center.
Since its establishment in 1997 ICANN has provided international organizations and foreigners in the region with an opportunity to network with one another, meet local government officials and enhance their ability to work effectively in Russia. Currently, ICANN includes 37 international and foreign organizations, such as Intel, Liebherr, Lufthansa, KPMG, IKEA, Lear, Raiffeisenbank, Monster Russia, Rettenmaier, SCHOTT and many others. Among ICANN members 11 companies have already completed large investment projects with the volume of investment of about $462mn and created 3,717 working places. Four further companies are planning to realize investment projects with the volume of investment of about $2.8 bn, with creation of 2,636 work places.