Mar 19, 2004. /Lesprom Network/. Finnish Kymmene intends to launch a timber-processing enterprise in Novgorod region, Novgorod regional administration chief Mikhail Prusak said at a news conference. The project total cost will reach EUR 50 million, EUR 30 million are already invested. According to Mikhail Prusak, in 2003 foreign companies invested $210 million in the regional economy. Total foreign investments volume in the enterprises reached $1 billion.