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. 

Sources: http://www.vedomosti.ru http://www.ikea.com