Tatarstan is again among the regions that have topped the Rating of the investment climate of the subjects of the Russian Federation

The Agency for Strategic Initiatives has announced the results of the National Rating of the Investment Climate of the Russian Regions in 2020. Despite the difficult epidemiological situation that hinders the development of the economy as a whole at the federal level, Tatarstan has confirmed one of the best results in maintaining a high level of investment attractiveness and launching new business support measures. The republic took the second place in the rating immediately after the capital area.

The rating annually evaluates the efforts of regional authorities to create favorable conditions for doing business and implementing investment projects. The methodology allows us to take into account different areas of management initiatives: the development of institutions and infrastructure to support existing businesses and the opening of new enterprises, the level and speed of digitalization in the provision of public services, improving the regulatory environment, as well as the availability and effectiveness of support for businesses in the period before and after the pandemic.

“The past year has become a serious challenge for the entire world community. To ensure economic and social stability, unprecedented federal measures were implemented to support the affected sectors of the economy. In addition, at the level of Tatarstan, a set of financial and non-financial instruments was quickly developed to support enterprises in those industries that were not included in the list of victims, but also felt the negative consequences of the crisis. I would like to note that we made decisions based on feedback from business, taking into account the real needs and problems that enterprises experienced during the period of restrictions”, – said the Minister of Economy of the Republic of Tatarstan Midhat Shagiakhmetov.

Timely measures taken in the Republic of Tatarstan contributed to the preservation of the share of small and medium-sized businesses and, as a result, jobs opened by business entities.

The pandemic has accelerated the development of new technological solutions and the integration of digital services, the functionality of which allows the business community to access government services and procedures in a remote format.  

The transfer of interaction between business and government to the online mode was one of the priority directions of regional policy for the republic even before the pandemic. Tatarstan has successfully implemented a number of advanced platform solutions in the public administration system, which have been recognized as the best practices at the national level. Digital services are primarily aimed at optimizing deadlines, reducing the impact of administrative barriers and the human factor, as well as increasing the transparency and quality of services provided to businesses.   

One of such unique developments of Tatarstan is the FASTTRACK.RF portal, which appeared in 2019 and was highly appreciated by the administrations of other regions. During the pandemic, the relevance of the resource has increased: FASTTRACK. The Russian Federation ensured the uninterrupted provision of public services at a time when the task was set at the national level to guarantee maximum security and to exclude face-to-face contacts between residents. In 2020, 90% of applications for attracting microfinance for a total amount of about 1 billion rubles were issued by the business of the Republic of Tatarstan online through the FASTTRACK portal.  

The portal "I am building" was also successfully put into operation – a platform for promoting construction and supporting business at all stages of service registration. The platform's functionality allows the applicant to save up to 12 days when going through all the procedures necessary for the launch and implementation of construction projects. 

The services provided to the business by the "Network Company" were also digitized: a mobile application was launched through which one can submit an electronic application for technological connection to electric networks and other services implemented by the Company.

For reference:

The National Rating of the investment Climate in the constituent Entities of the Russian Federation is a strategic initiative implemented since 2014. The rating evaluates the efforts of the authorities at all levels in the regions to create favorable business conditions. The main part of the indicators is formed on the basis of surveys of regional entrepreneurs. When developing the methodology, the experience of existing domestic and international ratings and other mechanisms for assessing the investment climate is taken into account. The Rating indicator system is developed taking into account the best international experience aimed at assessing the investment climate.