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Vneshtorgbank enhances finance to agricultural enterprises in Russian regions

15 November 2005

In the Penzenskaya region, Vneshtorgbank signed a framework cooperation agreement with Trade and Industry Corporation "Euroservice", a major Russian foodstuff producer and importer.

The Agreement will facilitate the development of cattle breeding and meat-processing industry in Russian regions.

Vasily Bochkarev, Governor of the Penzenskaya region, emphasized that the Agreement was of exclusive importance for the development of its economy and would help the region implement its most efficient and socially important projects.

Euroservice Corporation is a recognized leader in the Russian import market of meat, poultry and meat foods. With its production facilities located in various Russian regions, Euroservice is one of the largest producers and suppliers of sugar, grain and flour; it is also actively involved in developing its own milk processing facilities.

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