Moscow hits top 10 of investment attractiveness rating of Russian regions
Moscow is ranked among the top ten leaders of the annual rating of investment attractiveness of the Russian regions. The results were revealed at St. Petersburg International Economic Forum (SPIEF) by the general director of the Agency for Strategic Initiatives in promotion of new projects (ASI) Andrey Nikitin.
“Looking at the first twenty positions we can say that it was not easy to keep the top positions, but the leaders remained the same – Tatarstan, Belgorodskaya Oblast and Kaluzhskaya Oblast. The newcomers of the top ten are Vladimirskaya Oblast, Tyumenskaya Oblast, the Khanty-Mansi Autonomous District and the city of Moscow,” said Andrey Nikitin.
According to the results of the ranking, last year the authorities in Moscow have succeeded in development of business services.
“We corrected our mistakes concerning poor awareness of businessmen about the reforms that we have carried out. This is the main problem – the lack of effective informing of entrepreneurs. This is the first part of the work that we have done. The second part of work related to passive bureaucratic officials, which were not prepared to act in accordance with new rules. We had to undertake a large amount of work on that matter, the goal of it was to make officials implement our reforms,” explained Natalia Sergunina, Deputy Mayor on economic policy, property and land relations.
Since November 2014, ASI in collaboration with leading business associations evaluates the National rating of investment climate in the Russian regions. The purpose of the rating is to estimate the key factors of creating a favorable investment climate, including the effectiveness of the efforts of regional authorities to improve the investment climate in the region.
The methodology includes 50 indicators in four areas: “Regulatory Environment”, “Business Institutions”, “Infrastructure and Resources” and “Support for small business.” The main part of indicators is evaluated on the basis of surveys of regional entrepreneurs.