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:

VEB to Oppose Sanctions in EU Court
Russian Sanctions Could Cost Poland 800 MLN
Central Bank Revokes Delta Key License
Norways Sovereign Fund Reported 10 Percent Loss on Russian Securities Over Ukraine Crisis
Salaries Decrease In Lukoil Company

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Russian politics  Architecture Monuments  the Urals region  Photography  Mikhail Gorbachev  Russian sportswomen  Russian mobile operators  Nestor Kukolnik  Islamic Art  Netflix  hospitality sector in Russia  Russian law  Far East  Facets Chamber  Murmansk Museums  Exhibitions in Moscow  Gazprom  Space Exploration  international competitions  monument  Archeology  Moscow  Bolshoi Theatre  Meyerhold Centre  Russian tourism  Film Festival  Vladimir Vysotsky  gay propaganda ban  Caricatures  Izhevsk  Speleology  Evgeni Plyushchenko  Russian Cinema  Russian Literature  Pskov Philharmonic Hall  Rybinsk City Day  sobering-up stations  space  Street Art  Russian history  Yelena Baturina  Painting  Wooden Carving  Hospitals  Russian business  Russian Film Directors  economic crisis  Korolev  ROSCOSMOS  business 

Travel Blogs
Top Traveling Sites