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Rostselmash Plant to Invest in TagAZ Infrastructure

January 10, 2022: at a recent meeting, Rostov Oblast Governor Vasily Golubev and Deputy Governor Alexander Skryabin discussed such economic matters as investment activities, socio-economic planning, and labor market situation.

As noted by Governor Vasily Golubev, Rostov Oblast meets all the conditions for developing new manufacturing sites. In particular, Rostselmash Plant, which is an agricultural equipment company, expressed its readiness to manufacture not only combine-harvesters and agricultural vehicles, but also refuse collection and street-cleaning vehicles, using the remaining infrastructure of Taganrog's defunct automotive assembly plant TagAZ.

The investment flows in regional companies at the end of 2021 exceeded 240 billion roubles (19 per cent higher than one year ago). The growth of private investments amounted to 16 per cent. All this indicates that Rostov Oblast has remained attractive to investors.

Local enterprises have been operating normally, maintaining necessary anti-COVID-19 measures.