Italy is willing to invest in production of mozzarella in Crimea

Some Italian investors are planing to invest 300 million euros

19 April 08:24 2016 by Cecilia Valentini Print This Article

Some Italian businessmen are looking forward to invest 300 mln euros in a project of a buffalo farm and in lunching production of mozzarella in Crimea. That what told Yan Epstein, the vice chairman of the Black Sea Association of international cooperation which involves foreign companies in the peninsula.

“Italian investors have proposed us some interesting projects. In 25-26 April, it is supposed to be signed an agreement to lunch the project of a buffalo farm and the production of mozzarella,” Mr Epstein said.

According to the vice chairman, there are also some Italian entrepreneurs who are interested to invest in development of viticulture in the peninsula. However, Mr Epstein gave no exact names, as Western sanctions are all hanging over Crimea.

The Minister of Agriculture of the Crimea Andrey Grigorenko said that by now, the Crimean production of dairy products is working at 35% of its capacity due to the shortage of the milk. For that, the Russian government has assigned the highest state subsidies for that sector.

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