Russian company opens a factory in Narva (3)
Estonia's third largest city, Narva, has a new factory, with Russian paint manufacturer Emlak opening a three-million-euro plant, creating 80 jobs.
Head of the group, Mikhail Polovnikov, said that Narva was chosen due to its proximity to St. Petersburg and due to Estonia's good business environment.
“Among other reasons, Estonia has a great environment for developing business - all problems are solved hastily. To be honest, in St. Petersburg we would not have been able to set up such a large factory in such a short time, taking into consideration the corruption, for example. It is like going on holiday when we come here,” he said.
He said that the current low point in EU-Russian relations has no affect on the plant as the Estonian subsidiary is an Estonian company and will produce for the European market.
Emlak is one of a number of new plants opened in Narva in recent months, mostly by Russian companies seeking to move or open production in Estonia.