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Investor Presentaiton

5. Special zones in Kaliningrad c) Special zones for tourism & recreation and for gaming The Federal Ministry of Economic Development and Trade approved from 7 regions, including the Kaliningrad region to create special zones for tourism and recreation - - The special zone for tourism and recreation in Kaliningrad is planned to be set up on the Curonian Spit with the focus on environmental and recreational tourism Federal government will invest in the infrastructure of the SEZ 1,5 billion RUR The zone will grant its residents tax holidays and concessions for profit, property and payroll taxes · Use accelerated depreciation of fixed assets for profit tax calculations Property tax holiday (0% tax) for 5 years for property located in the zone Land tax holiday (0% tax) for 5 years In December 2006, president Putin signed a federal law ordering all gambling companies in the Russian Federation to be relocated into gaming zones by July of 2009 One of these four zones will be created in the Kaliningrad region The introduction of a gaming zone will have a profound effects on tourism, jobs, income level, image, infrastructure and growth in other sectors in the Kaliningrad region TURUN KAUPPAKORKEAKOULU Turku School of Economics Pan-European Institute Pai pan european institute Federal Agency for Management of Special Economic Zones www.tse.fi/pei/
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