We offer great opportunities to our partners!

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1 We offer great opportunities to our partners! Russian Federation REGION

2 Contents The welcome speech of the Governor of the Smolensk Region Geographical location Smolensk Region today Transportation Competitive edge Dear Ladies and Gentlemen! Let me heartily greet You in our ancient and heroic land. I invite You to get a closer acquaintance with our region. Support for small and medium sized enterprises State industrial park «Phoenix» 25 State support for agricultural producers Smolensk Regional Fund for the Support of Entrepreneur ship Industrial park «Safonovo» 26 Education State support for investment activity of big business 20 Transportation and logistics industrial complex «Stabna» 27 Healthcare State support for investment activity of small and medium sized enterprises 21 Main priorities of the regional development 28 Culture Logistics complexes and terminals 22 Industry 29 Sport Priority investment sites 24 Agriculture 30 Tourism The present business pages for investors will definitely provide You with the bright illustrations of various resources of our Smolensk Region. I feel sure that the up-to-date overview of the regional potential will be of great interest for top managers, representatives of business elite, entrepreneurs, other specialists interested in the Smolensk Region. Being the Western gate of Russia, Smolensk has a unique geographical location which creates the prerequisites necessary for increasing and implementing the investment potential of the region. Smolensk is an important transportation and communication hub with the shortest highways and railways running from Central Russia to Europe. The vast territory and rich mineral resources, significant technological and intellectual potential make the region attractive for investors, Russian and international companies and financial organisations. The Smolensk Region can boast its congenial conditions for stable economic development. The Administration of the Smolensk Region has worked out a clear investment policy aimed at the improvement of the regional investment climate and provision of investment safety. We provide assistance for those partners who strive to establish mutual relations in various business fields. Our region is open to those partners who pursue serious and positive interests. We express our readiness for widening cooperation in industrial, technological, investment and scientific spheres. I believe that the Smolensk Region will always be a hospitable home for investors. I wish all business community prosperity and successful implementation of investment projects. Governor of the Smolensk Region A.V. Ostrovskiy 3

3 Geographical location It includes 2 transport corridors East-West North-South The Smolensk region is a most important transport and communication hub 68 million people are currently living within a 500-km radius of Smolensk. М-1 «Belarus» А-101 «Moscow-Bobruisk» main railway line А-141 «North-South» BPS - II Baltic Pipeline System main railway line The Yamal-Europe gas pipeline Tallinn Riga Vilnius Hamburg Rotterdam Paris Berlin Hamburg Rotterdam Berlin Bremen Paris Brest Minsk BELARUS Saint-Petersburg Moscow Kiev UKRAINE Smolensk Sevastopol Novorossiysk T H E R U S S I A N Ekaterinburg Novosibirsk Bishkek KYRGYZSTAN F E D E R A T I Chita Irkutsk Zabaykalsk Ulan Bator MONGOLIA O N Beijing Khabarovsk Vladivostok NORTH KOREA JAPAN Vladivostok Beijing Tokyo Bremen CHINA SOUTH KOREA Tokyo

4 Smolensk Region today Transportation DISTANCE BETWEEN THE CITIES ON THE HIGHWAY M-1 «BELARUS» - MINSK km - MOSCOW км GAGARIN - MOSCOW км Pskov Tver Riga 1 hour 35 minutes Paris Е 30 3 hours 40 minutes 180 km from Moscow Riga Belarus Bryansk Kaluga a number of highways connecting Russia with European countries unique geographical location and congenial conditions for logistics development and terminals functioning deposits of mineral resources 1 hour 10 minutes Paris 2 hours 45 minutes Minsk 4 hours 50 minutes VIZA Minsk Smolensk - 3 hours Smolensk Moscow Smolensk 4 hours Gagarin «Swallow» - 4 hours 30 minutes Moscow Nice 50 hours Moscow 35% of Russian and 75% of international goods from Western Europe are carried through the territory of the Smolensk Region 56 deposits of fresh underground waters 12 deposits of mineral underground waters Berlin 1 hour 45 minutes Warsaw 1 hour 10 minutes Berlin 2 hours 40 minutes total area: km 2 6 population: people 25 municipal districts 2 towns km of highways km of railways The main transportation hubs are: Smolensk, Vyazma, Roslavl Warsaw 2 hours 7

5 Competitive edge of the Smolensk Region Provision of state support for small and medium sized enterprises Microfinance, provision of consulting services on business development. REGIONAL FUND FOR SUPPORT OF ENTREPRENEURSHIP GUARANTEE FUND Provision of securities for small and medium sized enterprises. INVESTMENT PORTAL OF THE REGION PREFERENCES FOR INVESTORS DEVELOPED INDUSTRY VYAZMA WOOD PROCESSING CORPORATION OF THE INVESTMENT DEVELOPMENT OF THE REGION Increasing investment attractiveness of the Smolensk Region. Attraction of investment and implementation of investment projects in the Smolensk Region. Creation of investment sites. Investment management. AGENCY OF LOAN SECURITY Initiation, management and development of the national guarantee system ensuring the dynamic development of the entrepreneurship. INDUSTRY DEVELOPMENT FUND TRANSPORTATION AND COMMUNICATION HUB HIGHLY QUALIFIED SPECIALISTS CONGENIAL BORDER LOCATION ENERGY SECURITY ROSLAVL PREREQUISITES PROXIMITY FOR TOURISM DEVELOPMENT: TO MEGAPOLISES RECREATIONAL ZONES, CULTURAL AND HISTORICAL HERITAGE A NETWORK OF EDUCATIONAL INSTITUTIONS Business Support on Your Doorstep REGIONAL INTEGRATED CENTRE (RIC) IN THE REGION Information support and consulting services for the regional enterprises on the establishment of business contacts with partners from other Russian regions and abroad. The funds implements the programs of innovative development designed to create new and improve existing high-tech companies, increase their profits, attract investment, and create new work places. The Fund stimulates modernization of Russian industry and encourages the production of competitive products which provide import substitution.

6 Provision of state support for small and medium sized enterprises REGIONAL FUND FOR SUPPORT OF ENTREPRENEURSHIP Microfinance Loans for entrepreneurs and companies: - from upto roubles; - from 1 upto 3 years depending on the type of economic activity. MICRO-LOANS 8% per year for companies working in agriculture, industrial production and service. 10% per year for companies working in other spheres including trade. 8% per годовых year 10% per year To receive a bank loan the borrower submits a limited number of documents the loan is provided within 3-5 day no security of the pledge early repayment of credit DEPENDING ON THE KIND OF ECONOMIC ACTIVITY PROVISION OF GUARANTEES FOR SMALL AND MEDIUM SIZED ENTERPRISES Guarantee fund Guarantees upto 20 mln roubles for bank loans and letters of credit lasting no longer than 5 years. the commission for guarantee provision does not exceed 1/3 of the key interest rate defined by the Central Bank of Russia guarantees to cover upto 50% of the loan or the letter of credit guarantees are provided within 7 days To be eligible for the Fund loan/guarantee the applicant should: be qualified as a small or medium sized enterprise (Federal law 209-FZ issued on July 24th, 2007) be registered as a tax payer and function in the territory of the Smolensk Region not have any debts into the regional budget Smolensk Engels st. bld (4812) , sofpmp@rambler.ru Smolensk Regional Fund for Support of Entrepreneurship is accredited by the OJSC «Non-bank depository and credit company «Agency of credit guarantees» 11

7 State support for big business investment >250 employees >1 bln rubles sales revenue State support for investment activities of the small and medium enterprises < 250 employees < 1 bln rublees sales revenue TAX RELIEF FOR INVESTORS TAX RELIEF FOR INVESTORS CORPORATE PROPERTY 0% TAX 7 years CORPORATE INCOME 4,5% TAX validity period 300 million rubles CORPORATE PROPERTY 0% TAX 7 years CORPORATE INCOME 4,5% TAX validity period 300 million rubles SUBSIDIES Subsidies in the amount of corporate income tax are annually given for reimbursement of expenses incurred while implementing PRIORITY investment projects 7 years > 3 bln rubles In priority economic activities: - food production - machinery and technical equipment manufacturing - electrical facilities, electronic and optical equipment manufacturing - vehicles and transport facilities manufacturing - pharmaceutical goods production > 300 employees Reimbursement up to 75% of the expenses for technological connection to power grid facilities less than 1,5 MW Reimbursement up to 50% of expenses incurred through buying equipment for setting up and (or) developing and (or) upgrading production process SUBSIDIES Reimbursement of up to 3/4 Bank of Russia key interestrate and not more than 70% of all actually incurred expenses for interest payments Reimbursement up to 90% of expenses for the first installment (advance) payment to those subjects who signed a leasing agreement with Russian leasing companies OTHER KINDS OF SUPPORT: OTHER KINDS OF SUPPORT: Investment project management Participation in project design, expertise and implementation Procedural, informational and administrative support Investment project management Participation in project design, expertise and implementation Procedural, informational and administrative support

8 Logistics centers and terminals CLT «KRASNINSKY» LLC «RHENUS-TERMINAL» LOCATION: М-1 motorway, 3 km from the border with Belarus. The Smolensk region, Krasninsky district, Krasnaya Gorka village, Zarechnaya Str., Bld KM FROM THE BELARUS BORDER 400 PARKING PLACES WAREHOUSE FOR TEMPORARY STORAGE М2 CLT «RUDNYANSKY» LLC «EUROTRANSSERVIS» LOCATION: Smolensk region, Rudnya, 14 Let Oktyabrya Str. warehouse size: 3000,00 м 2 convenient road from the Baltic and North European countries and from Ukraine and Belarus thanks to its location on the Bryansk Smolensk Vitebsk motorway (А-141) outdoor area of the warehouse for temporary storage м 2 Logistics complexes and terminals PSKOV REGION SAINT-PETERSBURG MOSCOW TVER REGION ONE OF THE LARGEST TERMINALS IN RUSSIA The 1st WAREHOUSE BUILT BY AN INTERNATIONAL FOR WARDING AGENT IN THE REGION CLT «ROSLAVLSKY» LLC «ROSLAVL-TERMINAL» LOCATION: Smolensk region, Roslavlsky district, Roslavl, Karl Marks Str warehouse size: approximately 2,5 ha simultaneous parking of up to 140 large cargo vehicles Е 30 VYAZMA CLT «KRASNOYE» LLC «ALFA-TRANS» LOCATION: Smolensk region, 454 km on the М-1 motorway, 2 km from the border with Belarus. CLT «STABNINSKY» LLC «ALFA TRANS TERMINAL» LOCATION: Smolensk region, Stabna village, 6 km from М-1 motorway. 700 CARGO VEHICLES PER DAY GENERAL COMPETENCE TERMINAL TERMINAL OF EXCISE DUTY ONE OF THE LARGEST TERMINALS IN RUSSIA PARTICIPANT OF THE FOLLOWING PROJECTS: SIMPLIFIED CUSTOMS CORRIDOR RUSSIA TURKEY, RUSSIA ITALY WAREHOUSE FOR TEMPORARY STORAGE «KATYNSKY TERMINAL» LOCATION: Smolensk region, Smolensky district, Nikolskaya village, Dorozhnaya Str. 3. WAREHOUSE FOR TEMPORARY STORAGE «ALFA-LOGISTIK» LOCATION: Smolensk region, Yartsevo (329 km on М-1 motorway) WAREHOUSE FOR TEMPORARY STORAGE CJSC «INVEST MULTIMODAL» LOCATION: Smolensk region, Yartsevo (329 km on М-1 motorway) WAREHOUSE FOR TEMPORARY STORAGE LLC «VYAZEMSKY TERMINAL» LOCATION: Smolensk region, Vyazma, Elevatornaya Str. 12 RUDNYA BELARUS KRASNAYA GORKA СТАБНА STABNA KATYN TIKHVINKA YARTSEVO ROSLAVL DESNOGORSK BRYANSK REGION KALUGA REGION TEMPORARY STORAGE WAREHOUSE 14 CLT «Y» LLC «TRANSIT-С» LOCATION: Smolensk, Lavochkina Str WAREHOUSE FOR TEMPORARY STORAGE LLC «ELTRANS+» LOCATION: Smolensk region, Yartsevo, 2 Mashinostroitelnaya Str., Bld. 5/3 EUROPE CUSTOMS AND LOGISTICS TERMINAL 15

9 Priority investment sites Reserve Land* Agricultural Land* «Arkhipovka» investment site with the overall area of 20,87 hа «Tishino» investment site with the overall area of 43,8 hа «Rudnya» ** investment site with the overall area of 1005 hа «Berezhnyany» investment site with the overall area of 4 hа «Velyuzhino» investment site with the overall area of 22 hа «Kamenka» investment site with the overall area of 64 hа «Gagarin» investment site with the overall area of 106,28 hа «Lonnitsa» investment site with the overall area of 8,24 hа Industrial Land Settlement Land * Possibility of land designation to other categories ** Possibility of Technological connection to power grid facilities less than 50 MW «Resurs»** investment site with the overall area of 52,5 hа «Astapkovichi»** investment site with the overall area of 110,3 hа «Kardymovo» investment site with the overall area of 6 hа «Buda» investment site with the overall area of 25 hа «KrasnayaGorka» investment site with the overall area of 4,57 hа «Smolenskaya» investment site with the overall area of 7,1 hа «Kovalyovka» investment site with the overall area of 135 hа «Belkino» investment site with the overall area of 400 hа Priority investment sites PSKOV REGION RUDNYA BELARUS СТАБНА MONASTYRSHCHINA EUROPE SAINT-PETERSBURG DUKHOVSHCHINA ROSLAVL TVER REGION YARTSEVO KARDYMOVO POCHINOK 10 KHOLM-ZHIRKOVSKY Е 30 SAFONOVO KALUGA REGION BRYANSK REGION 9 MOSCOW GAGARIN VYAZMA 7 16 Reserve land fund for agricultural usage of more than 716 thousand ha Including: Dukhovshchinsky district - 44 thousand ha Elninsky district - 42 thousand hа Krasninsky district - 36 thousand ha Monastyrshchinsky district - 54 thousand ha Pochinkovsky district - 35 thousand hа Roslavlsky district - 53 thousand ha Rudnyansky district - 70 thousand ha Safonovsky district - 36 thousand ha Smolensky district - 37 thousand ha Sychyovsky district - 30 thousand ha Kholm-Zhirkovsky district - 32 thousand ha Shumyachsky district - 30 thousand ha 17

10 «PHOENIX» STATE INDUSTRIAL PARK highly qualified specialists complex engineering infra structure ( land plots sized 0,5-10 ha) congenial conditions for transportation and logistics attractive prices «Safonovo» Industrial park COMPOSITE CLUSTER Vitebsk Vitebsk Minsk VIZA Moscow Minsk VIZA SAFONOVO Moscow 60 ha 130 ha 51,15 ha 18 TAX CONDITIONS: PROFITS TAX LAND TAX PROPERTY TAX TRANSPORT TAX 15,5% 0% Modern production facilities (4-5-th danger class): metal processing machine construction production of metal and plastic goods consumer goods industry food industry TAX CONDITIONS: PROFITS TAX LAND TAX PROPERTY TAX TRANSPORT TAX 15,5% 0% STATE INDUSTRIAL PARK Modern production facilities (2-5-th danger class): PRIVATE INDUSTRIAL PARK production of composites chemical production educational centre on composites experimental station for growing hemp and flax

11 STABNA Transportation and logistics complex Development priorities Stabna VIZA STABNA Moscow Minsk 300 ha TAX CONDITIONS: PROFITS TAX LAND TAX PROPERTY TAX TRANSPORT TAX 15,5% 0% Excise Customs Terminal Customs Terminal of General Competence Phyto-control Veterinarian Control Customs Clearance of Goods, Materials and Accessories Green customs corridor for Russia-Turkey, Russia Italy.

12 Industry Sectoral structure of GNP The Smolensk Region is one of the industrial regions of Central Russia 2,1% 0,4% 2,7% 0,7% 4,0% 27,4% 2,3% GAGARIN OJSC «OSRAM» (OSRAM AG, GERMANI) 6,8% 10,2% Llc «EGGER Drevpodukt Gagarin» (EGGER, Austria) SAFONOVO VYAZMA Smolensk Nuclear Power Station 5,1% «Kristall» Production Corporation YARTSEVO DOROGOBUZH 7,6% 7,3% 5,6% 9,5% 8,3% Production and distribution of electric power, gas and water Production of rubber and plastic goods DESNOGORSK ¼ of workforce is employed in industrial production Chemical industry Food industry including production of alcohol and tobacco Machinery manufacturing Wood processing ROSLAVL > 30% gross regional product Electrical equipment manufacturing Textile and clothing about 30% of tax revenues Jewellery production Extraction of mineral resources Transportation and communication Cellulose and paper manufacturing Industrial centres, manufacturing over 90% of the total volume of industrial products Metallurgical production and metalwork Production of non-metal mineral commodities Leather production and shoe making

13 Agriculture INVESTMENT PROJECTS IN AGRICULTURE State support of agribusiness SUBSIDIES Agricultural complex «MIRATORG» the company plans the construction of four cattle farms for meat production and a logistics centre; the amount of investment is about 2 bln roubles; 200 work places will be created. BELARUS Llc «Smolenskoe pole», Pochinkovskiy District the investor continues the construction of the pig breeding farm for 165 thousand pigs; at present the pig stock comprises 101,1 thousand pigs. 280 agricultural businesses РУДНЯ > 1,7 mln. ha of agricultural lands 178 thousand people with private homesteads СТАБНА Llc «Grainlux», Roslavsky District the investor completed the first stage of the implementation of the investment project on processing of oil plants (rape, sunflowers, soya, etc.) with the capacity of 60 thousand tons per year; at present the capacity of the technological line reaches up to 250 tons of oil seed per diem. 200 farmers and individual entrepreneurs ZAO «ZolotayaNiva», Safonovsky District completed the construction of the dairy complex for 1200 Holstein-Friesian cows; the expansion of the dairy complex to 1800 goals; the construction of a dairy complex for 4800 cows, mixed cattle feed facilities and an elevator in the Dorogobuzhsky District. PSKOV REGION SAFONOVO POCHINOK ROSLAVL TVER REGION Е 30 BRYANSK REGION KALUGA REGION GAGARIN Agribusiness Nasha Zhitnitsa, the Gagarinsky District the investor launched a new investment project on the land development of 8 thousand ha of fallow lands; the investor plans the construction of a modern complex for processing and storage of corn and a milk complex for 1200 cows. THE PRIORTIES OF THE AGRICULTURAL POLICY OF THE REGION: encouraging the increase of production; providing conditions for selling the agricultural products and supporting their competitiveness on the agricultural market; providing financial sustainability of agricultural producers; Llc «Gagarin-Ostankino», Gagarin the investor launched the project «The construction of a meat processing facility»; the processing capacity of 150 tons of pork per shift. Llc «Krol and K», the Gagarinsky District the investor completed the implementation of the investment project on the rabbit farm management for 3249 doe rabbits; the construction of 4 hangars for 4400 of roe rabbits. complex development of rural territories. PLANT GROWING Subsidies for partial reimbursement of the credit interest paid to the Russian credit organisations and loans received from agricultural consumers co-operative organisations. Subsidies for partial reimbursement of the expenses on the purchase of top-quality seeds. Subsidies for the provision of target support for plant growing producers. Subsidies for the production of fiber flax (production of stock and straw) for the sold products. Subsidies for partial reimbursement of technical and technological modernization of flax production, and primary flax processing. Subsidies for partial reimbursement of the insurance payment under the agreement of the agricultural insurance. Subsidies for partial reimbursement of direct expenses on construction and modernization of potatoes and other vegetables storage facilities. Subsidies for partial reimbursement of direct expenses on construction and modernization of green houses. Subsidies for target support of potatoes and open land vegetables growing. 0 % for transport CATTLE BREEDING Subsidies for partial reimbursement of the interest paid to the Russian credit organisations and loans received from agricultural consumers co-operative organisations. Subsidies for partial reimbursement of the insurance payment under the agreement of the agricultural insurance. Subsidies for reimbursement of the expenses on breeding livestock except beef farming. Subsidies for keeping breeding bulls for dairy and beef farming. Subsidies per 1 litre of the sold milk. Subsidies for partial reimbursement of the direct expenses on construction and modernization of milk farms. TAX EXEMPTIONS (tractors, self-propelled headers, agricultural vehicles registered by the agricultural companies and used agribusiness) SPECIALISTS Social transfers for construction (purchasing) of housing in rural areas. Subsidies for the support of specialists working in the agricultural sector in the Smolensk Region: a state lump-sum provided for young specialists; monthly payments for young specialists working in agricultural companies.

14 Education Healthcare PRE-SCHOOLING SCHOOL EDUCATION REGIONAL STATE BUDGET INSTITUTIONS OF HEALTHCARE Regional clinical hospital, Regional children's clinical hospital, Veterans' hospital, Emergency care hospital, Perinatal centre, Centre for prevention and treatment of AIDS and infectious diseases, Blood centre, Institute of pathology educational учреждений institutions 35,3 35,3 thousand тыс.человек people 401 учреждение 403 schools 80,8 80,8 thousand тыс.человек people 66 centres 53,0 thousand people vocational: 32 schools 128 professions higher education: 33 institutions 80 specialisations «FEDERAL CENTRE OF TRAUMATOLOGY, ORTHOPEDICS AND PROSTHETICS» IS EQUIPPED ACCORDING TO THE WORLD MEDICAL STANDARDS ADDITIONAL EDUCATIONAL PROGRAMS PROFESSIONAL EDUCATION

15 Culture THE REGION HAS A SIGNIFICANT CULTURAL POTENTIAL Sport THE REGION HAS A NETWORK OF RECREATIONAL AND SPORTS FACILITIES 2417 sports facilities are visited by over 56 thousand people, these facilities include: 25 STADIUMS 4 ICE PALACES 41 SWIMMING POOLS 20 SKIING COMPLEXES The regional library named after A.T. Tvardovsky is among the best regional libraries in the country The State Drama Theatre named after A.S. Griboedov th anniversary of Smolensk The Smolensk Regional Philharmonia Cultural and exhibition centre named after the Tenishevs THE SPORTS AND PHYSICAL EDUCATION INSTITUTIONS: The Smolensk State Academy of Physical Culture, Sport and Tourism The Smolensk State School of the Olympic Reserve The Smolensk College of Technology and Sport The Gagarinsky Teaching School The Training Centre of the Smolensk Region Teams The Smolensk Region annually holds special winter and summer olympiads, regional competitions in track and fields athletics, skiing, etc. for disabled children. Disabled sportsmen, being the members of the regional teams, also take part in all Russia and international competitions. 535 LIBRARIES 60 MUSEUMS 4 RECREATIONAL PARKS 3 THEATRES CULTURAL AND EXHIBITION CENTRE PHILHARMONIA 10 specialised sports schools of the Olympic reserve for children, 31 sports schools for children, 21 sports clubs The motor-racing track the «SmolenkRing» in Verkhnedneprovsky, Dorogobuzh meets the international standards of circuit races. The track is 3357 m long and m wide.

16 Regional Tourism tour operators 114 travel agents 60 museums 4220 cultural heritage sites 1750 architectural heritage sites Regional tourism RELIGIOUS TOURISM AND PILGRIMAGE The main centers: Smolensk, Vyazma, Boldino. PRIORITY GUIDELINES Yuri Gagarin ( ) is the first human in space. educational and event tourism recreation tourism EDUCATIONAL TOURISM religious and pilgrimage tourism agricultural and ecological tourism wellness tourism Assumption Cathedral, Smolensk, 1677 Holy Trinity Boldino Monastery of St. Gerasim, 1530 THE OLDEST KIND OF TOURISM WHICH IS DYNAMYCALLY DEVELOPING THANKS TO A RICH AND DIVERSE CULTURAL AND HISTORICAL HERITAGE. Patriarch Kirill of Moscow and All Russia. From 26 December Archbishop of Smolensk and Vyazma. Prior to the patriarch enthronement - Metropolitan of Smolensk and Kaliningrad Church of Archangel Michael (Svirskaya), Smolensk, ECO-TOURISM IN THE REGION Church of Odigitria (1638), Monastery of John the Precursor, Vyazma EVENT TOURISM OFFERS FASCINATING SPECTACULAR SHOWS: 1 Velizh 2 Przhevalskoye 3 Demidov 4 Rudnya 5 Sychevka 6 Gagarin 7 Ugra The Russian Touring Car Champion ship and «Slavic Cup» at the «CAR dymovo» motor-racing track (Kardymovo district) International Historical Reenactment and Slavic Culture Festival «Gnezdovo 2014» (Smolensk) International Touristic Festival «Solovyova Crossing» (Kardymovo region) Military and Historical Festival «Reenactment of the Smolensk Battle at Lubino in 1812» (Kardymovo region) NATIONAL PARK OYE POOZERYE ( LAKELAND ) 35 unique glacial lakes extensive network of hiking, water and cycling tourist routes and ecological paths dozens of sites for camping and recreation recreational facilities and accommodation NATIONAL PARK GAGARINSKY close proximity to the Moskow region the construction of the "Vazuza & Yauza" touristic cluster UGRA PORECHYE The Ugra river is one of the most popular areas for water and recreation tourism in Central Russia. 31

17 INVEST IN YOUR FUTURE! Governor of the Smolensk Region, Reception: tel: +7 (4812) , факс: +7 (4812) , е-mail: Department of investment development of the Smolensk Region tel./fax: +7 (4812) , тел: +7 (4812) , Corporation of investment development of the Smolensk Region tel: +7 (4812) , Smolensk Fund for support of entrepreneurship tel: +7 (4812) , , Smolensk Chamber of Commerce tel: +7 (4812) , , Regional Integrated Centre (RIC) - Smolensk Region tel./fax: +7 (4812) , , , expo1@smolenskcci.ru, expo2@smolenskcci.ru Investment portal of the Smolensk Region

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