OREANDA-NEWS. In the course of the INNOPROM-2013 International Industrial Fair in the city of Yekaterinburg, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Sverdlovsk region Administration entered into an Agreement on Cooperation.

On behalf of Vnesheconombank the Agreement was signed by Deputy Chairman Anatoly Ballo and on behalf of the Sverdlovsk region Administration – by Governor Evgeny Kuivashev.

The Agreement provides for promoting long-term cooperation in implementing investment projects and programs in the innovation and high-technology sector on the region’s territory and it would also help to create a network of technological centers that have a range of required resources.

The creation of new competitive business-structures in the form of engineering centers on the Sverdlovsk region’s territory would make it possible to deeper concentrate on developing new high-technology products in the top-priority sectors of the Russian economy as well as create new jobs.

As part of the Agreement the parties agreed to assist in preparing and funding investment projects and programs in establishing and developing engineering centers.