The Ministry of Economic Development and Trade approved an order to check the implementation of a new regional investment standard

29 December 2021, Wednesday

Maxim Reshetnikov signed an algorithm for monitoring and confirming the implementation of a new regional investment standard. In the spring, the subjects will report to the Ministry of Economic Development, and local business associations will assess the quality of the implementation of the standard. Delovaya Rossiya, the Russian Union of Industrialists and Entrepreneurs and the Chamber of Commerce and Industry are involved in this work. If the region does not agree with the assessment, it has the right to request a reconsideration of the decision.

The development and implementation of a new investment standard is being led by Andrey Belousov, First Deputy Prime Minister. Reginveststandard consists of five elements. The pilot entities have already formed investment declarations, committees and development agencies. Now regional teams are reducing the time for connecting to the infrastructure in accordance with the set of investment rules and creating investment cards with the information necessary for the investor (from communications to preferential regimes). Now the regional investment standard is being implemented by 12 subjects: Moscow, Moscow, Sakhalin, Tula, Chelyabinsk, Voronezh, Novgorod, Nizhny Novgorod, Volgograd regions, the Republic of Tatarstan and Mordovia, Zabaikalsky Krai. 30 more regions will join them next year.

Standardization of work will allow attracting funds for new projects, shortening the period of their launch, and increasing revenues to regional budgets. We are talking not only about Russian investors, but also foreign ones.

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