A new shoe factory will be built in Cherkessk (Karachay-Cherkessia), the first phase of the enterprise is planned to be launched by the end of this year.
“Attracting investors is one of our global challenges. And we are already starting to implement some of our projects. For example, today work is underway to design the construction in Cherkessk of a large modern enterprise - the shoe factory of the Obuv Rossii company, - the mayor of Cherkessk Ruslan Tambiev told Interfax-South.
According to him, at the moment, new equipment of Italian production has already been ordered for the factory, Interfax reports.