New St. Petersburg Agency Targets Investment

St. Petersburg will create a new agency to attract investment as part of a review of the city’s investment policy, the head of the city investment and strategic projects authority said on Tuesday.

“We will start with assessing the needs and identifying the economic sectors where investment is vital,” Irina Babyuk said.

An investment council headed by the governor will also be established, she said.

Creation of the new bodies aims to give a higher profile to investment policy issues, Babyuk said.


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