German investors explores the possibility of financing investment projects in the Republic of Tatarstan

Visit of the delegation of the German Investment and Development Corporation (Deutsche Investitions - und Entwicklungsgesellschaft mbH - DEG) in the republic will last two days.

Today in Tatarstan Investment Development Agency held a series of DEG working meetings with Tatarstan Investment Development Agency First Deputy Chief Executive Robert Galiullin, Tatarstan Investment Development Agency Head of examination of investment projects department Guzel Mullayarova, the leadership of Tatarstan Development Corporation, representatives of the largest companies in the region and participants of investment projects in the Republic of Tatarstan.

German Investment and Development Corporation also met with the head of Drozhzhanovsky district Alexander Shadrikov and Drozhzhanovsky district Development Corporation Deputy CEO Lenar Salimullin. They discussed investment projects implemented in the territory of the municipality.

At a meeting with Robert Galiullin and Guzel Mullayarova representatives of Deutsche Investitions - und Entwicklungsgesellschaft mbH told about the corporation and its interest in financing investment projects implemented in Tatarstan. In particular, it was noted that DEG is a government financial consulting company that specializes in Germany international development. The aim of the organization is to promote the growth of developing countries supporting the private sector. Germany Investment and Development Corporation specializes in providing medium-and long-term investments.

As DEG representatives underscored, a financial institution invests in profitable projects that ensures development in all sectors of the economy, from agriculture, to the industrial and infrastructure projects. In 2012 have been invested 1.3 billion euro, the total investment of the corporation is 12 billion euro.
During one of the meetings in Tatarstan Investment Development Agency DEG delegation got acquainted with a new investment platform of the Republic of Tatarstan - Kazan Smart City. Presentation of the International Investment technopolis was held by Tatarstan Investment Development Agency Head of investment promotion Wyatt Ford.
During the visit, the Deutsche Investitions - und Entwicklungsgesellschaft mbH delegation also will meet with the leadership of Tatarstan companies to explore the possibility of the corporation's participation in financing investment projects of the region.

About DEG

DEG was originally the German Association for Economic Cooperation and was founded in Cologne in 1962 by first Minister of Development Walter Shil and former minister-president of the Schleswig-Holstein German state organization.

In the first decade DEG invested 171 million DM in the establishment of 120 companies in 40 countries. World recession in the early 80s has caused reductions in public funds. DEG has responded to this situation by a reform: company transformed into a financial institution that meets the requirements of international banking. Since then the company has funded projects with its own risk, raising funds in the money markets. Since 1990, operates in Eastern Europe and the former Soviet Union. Since 2001, DEG is a member of KfW Bankengruppe and has access to export financing and financial cooperation with developing countries.

DEG has representations in Africa (East, West and South Africa), Asia (China, India, Indonesia, Singapore and Thailand), Europe (Russia and Turkey) and Latin America.

Tatarstan Investment Development Agency Press Service