Tatarstan included in top group of regions having highest investment attractiveness

On May 23, at a panel session within the framework of XVIII St. Petersburg International Economic Forum dedicated to initial results of the national rating of the investment climate in Russia's regions, it was reported that Tatarstan was included in the top group of regions having the highest investment attractiveness.

In particular, Tatarstan together with Kaluga region (ranked first), Ulyanovsk region, Krasnoyarsk territory and Kostroma region is among top-ranked regions.

To the point, the rating is designed to evaluate the effectiveness of the efforts made at all levels of government in order to improve the conditions for doing business and features the assessment of business expectations by 54 indicators. The most important of them are the regulatory environment (time period for issuing permissions), infrastructure and resources (quality of roads and land resources) and support for entrepreneurship.

Pilot testing of the rating system was launched across 21 Russian regions. It is expected that all 85 regions will be included in the assessment system, starting from 2015.