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Donetsk hosts the first Annual International investment summit of Donetsk region

Oct 29-31, 2008

ALTERA FINANCE co-organized, with Deloitte and Ernst & Young, the first Annual International investment summit of Donetsk region, in cooperation with Donetsk region council. The event was attended by 972 participants, including 430 foreigners from 21 country: Austria, Bulgaria, Brazil, UK, Germany, India, Indonesia, Spain, Italy, Canada, China, Lithuania, Poland, Russia, Romania, Slovakia, USA, Finland, France, Czech Republic, and Switzerland. The opening ceremony on Oct 29 was attended by Polish president Lech Kacinsky, Ukrainian president Viktor Yushenko, SKM shareholder Rinat Akhmetov, and representatives of co-organizers Deloitte, Ernst & Young, and ALTERA FINANCE.

Over the three days, there were three conferences - ‘Property and infrastructure. Euro 2012’, Investment in Donbass real economy, Innovations and energy efficiency - as well as investment project presentations, specialized discussions, bilateral talks, and visits to the regions enterprises. One of the projects had a multi-million-dollar contract signed right at the summit. Organizers believe that the aim of the Summit was to create a platform for business-to-business communication, networking and better interregional and international cooperation, rather than to conclude specific contracts. The summit showed the openness and investment potential of Donetsk region. We are confident that this will be the beginning of new partnerships and long-term cooperation', claims Mikhail Zhernov, ALTERA FINANCEs head of the board.

The organizers say they are ready to make the international investment summit of Donetsk region a regular annual fixture and step up the efforts to improve the regions investment image and the culture of business communication between the companies and research institutions in the region. Our scientists know how to invent and create, but they dont know how to sell. We should help them learn, says Mikhail Zhernov.

Despite the unfavorable economic situation in the world, the Summit was attended by a number of people from the international investment community, while many other potential partners and investors displayed interest in the investment projects shown and proceeded to negotiate with the organizers and local companies outside the framework of the event.

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