The regional investment standard will be supplemented with new elements

7 March 2024, Thursday

Deputy Minister of Economic Development Murat Kerefov held a meeting with the regions on the implementation of the investment standard. On behalf of First Deputy Prime Minister Andrei Belousov, work will be carried out this year to expand the standard's tools and institutionalize it through the consolidation of elements in legislation.

"Last year, in terms of investments in fixed assets, we exceeded the forecast values, including due to the introduction of a regional investment standard. We propose to develop the initiative and introduce the sixth element of the standard by the end of the year — a system for collecting feedback from businesses. We will also replicate another pilot project "End-to-end Investment Flow", which helps regions reduce the investor's client path using lean technologies. In addition, we propose to form investment proposals for specific projects that need to be implemented in the constituent entities of the Russian Federation. Together, these measures will ensure investment proactivity and give the work on attracting business a cross-cutting character," said Murat Kerefov, Deputy Minister of Economic Development. 

Alexander Molodtsov, Director of the Department of Labor Productivity, Protection and Promotion of Capital Investments, recalled that the national rating of investment attractiveness of the ASI today consists of 45% of the regional invest standard. Confirmation of the implementation of the standard will be synchronized with the compilation of the rating and will take place from March to May. The results of the confirmation will be announced at the St. Petersburg International Economic Forum. Alexander Molodtsov also called on the regions to more actively fill out the investment map of Russia, which was presented at the international exhibition and forum "Russia". https://rutube.ru/video/1c67c474c9e4d54c5e4bfa70e7b7000d/

The meeting discussed the support of investment projects by municipalities and work plans for 2024. Earlier, the Ministry of Economic Development developed relevant recommendations. To enhance the competencies of field staff, the National Association of Investment and Development Agencies, together with the Department of Labor Productivity, Protection and Promotion of Investments, has formed a "boxed" solution (https://www.economy.gov.ru/material/directions/investicionnaya_deyatelnost/investklimat/regionalnyy_investicionnyy_klimat/reginveststandart/korobochnoe_reshenie_dlya_municipalnogo_investprofilya/ ) to compile investment profiles of municipalities, said Rafael Husyainshin, Deputy Chairman of the Board of the NAAIR.

In addition, the Higher School of Public Administration, with the participation of the Ministry of Economic Development, will continue to work on training regions under the program "Managerial skills: development of regional teams". 

"This year, the focus will be on optimizing the investor's "client path", developing a continuous feedback mechanism with businesses in the regions, analyzing and prioritizing investment development directions. During the implementation of the program, issues of creating opportunities for cooperation and regional development in the field of investment activities will be addressed. The program will be implemented from April to October and is aimed at more than 800 representatives of regional and municipal services, as well as resource supply organizations and business associations from all 89 subjects of the Russian Federation," said Oleg Kondratenko, Deputy Director of the Higher School of Economics of the Presidential Academy.

Let us recall that Tatarstan was one of the first to implement all the elements of the investment standard. The Republic constantly stimulates investment activity. The Investment Development Agency operates as a single window. A set of investment rules has been formed, an investment declaration has been approved, a convenient map and an informative investment portal are working. 

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