Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

IKEA to Build New Plant in Russia
5.02.2013 16:13
IKEA to Build New Plant in Russia
Photo Credit:

IKEA Industry Group is planning to build a furniture plant near Nizhny Novgorod, according to its CEO, Leif Hultman.

The regional authorities have said they are prepared to offer tax breaks for the company in exchange for new jobs in the real sector of the economy that will be created.

Mr Hultman did not disclose the deadlines or the size of investment. He promised, however, that it will be a ‘big enterprise’.

Overall, IKEA has placed almost 100 billion roubles in investment in Russia. 


Author: Mikhail Vesely

Tags: IKEA Nizhny Novgorod Russian plants investment in Russia  

Next Previous

You might also find interesting:

Billionaire Prokhorov Eyeing Political Career
Negative Review of Crimea's Absorption Could Cost You $14,000
Gazprom Denies $1BN in Bonuses Rumour
Russian Finance Minister Expects Stronger Rouble Soon
Gazprom Neft Boasts 2012 Records

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Kemerovo Region  Exhibitions in Moscow  Russian Literature  Boksitogorsk  Russian history  Chechen republic  Moscow attractions  Russian music  Pushkin Museum of Fine Arts  Konstantin Korovin  Russian regions  Pskov  Sochi Olympic Games 2014  Kira Muratova  Karelia   Krasnodar  Skiing in Moscow  Mari El Republic  bitcoins  Business Incubator   Leningrad Region  Russian hockey  Park of National Unity and Reconciliation  Russian society  Pancakes   Russian politics  floods in Far East  Russian stock market  Russian billionaires  gas  Russian tourism  crimes in Russia  Russian football team  Russian business  Unusual Monuments  Moscow  Summer Olympics  NASA  ASNARO  Russian Cinema  Pustozyorsk  Russian circus  Renaissance  Vladimir Vysotsky  business  Precious Metals  Gays  LiveJournal  Fabio Capello  Russian singers 

Travel Blogs
Top Traveling Sites