ASTRAKHAN REGION OF RUSSIA CHAMBER OF COMMERCE INKS MOA WITH N'SIA-RUSSIAN

KUALA LUMPUR, Nov 3 (Bernama) -- The Chamber of Commerce from the Astrakhan
region of Russia has signed memoranda of agreement (MoA) with the
Malaysian-Russian Business Association and Malay Chamber of Commerce Putrajaya
branch.

The agreements were inked during the recent visit by the ministers of the
Astrakhan Region to Malaysia, the Malaysian-Russian Business Association said
in a statement.

The ministers were from the ministries of International and Foreign Economic
Relations, Economic Development, Transport, Tourism, Industry and Natural
Resources.

Astrakhan Deputy Minister of Economic Development Polyanskaya explained to
the Malaysian delegation on the region's special tax and property tax
incentives, grants and state guarantees from the regional government budget
to investors investing in the region.

The Malaysian delegation was represented by members of the Malaysian-Russian
Business Association and the Putrajaya branch of the Malay Chamber of Commerce.

As for possible joint-venture projects, the Governor of Astrakhan,
Alexander Zhilkin, said the prospective areas are opening of a regional halal
trade market for food and other products in Astrakhan, a logistics hub and the
first campus of a Malaysian University in Russia.
-- BERNAMA