OREANDA-NEWS. As part of Group of Twenty (G20) financing development institutions events, VEB and the Italian National Agency for Investment Promotion INVITALIA entered into a Memorandum on Cooperation in the city of Rome.

On behalf of VEB the Memorandum was signed by Chairman Vladimir Dmitriev and on behalf of INVITALIA - by President Giancarlo InnocenziBotti.

The two parties have agreed to cooperate in providing support for Russian and Italian companies upon implementing projects in infrastructure, sustainable development, exports promotion as well as share information and business experience.

The Memorandum would help to promote relations and enhance ties with Italian companies.

Agenzianazionale per l'attrazionedegliinvestimenti e lo sviluppod'impresa (INVITALIA) is the Italian National Agency for Investment Promotion with an authorized capital of 836 million euros wholly owned by the Italian Ministry of Economy and Finances. INVITALIA's activity is designed to create favorable conditions and ensure success of each investment project. INVITALIA assists foreign investors seeking to expand their business and start a new one in Italy by providing them with a whole range of services at all stages of investment process.