OREANDA-NEWS. September 24, 2007. In the course of the Fourth International Investment Forum “ Sochi 2007” the State Corporation “The Bank for Development and Foreign Economic Affairs (Vnesheconombank)” signed Agreement on Cooperation with VAO Intourist.

The Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and VAO Intourist President Alexandr Arutyunov.

The Agreement aims to establish strategic partnership and promote long-term, effective cooperation.

Under the Agreement the two sides are determined to carry out investment projects in developing tourism infrastructure and building a network of hotel complexes among other things within the public private partnership.