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On the Agenda: Business Climate in Russian Regions

The second day of 100 Steps Towards Favorable Investment Climate: Achievements and New Challenges conference ends in Moscow.  The key topic of the discussion was the business climate of the Russian regions. Anatoly Artamonov, Kaluga Region Governor, as well as other Kaluga region authorities’ representatives attended the conference and its sessions.  

At a plenary session the attendees spoke of key success factors for investments attraction. Experts described the mechanisms for interaction with business community.    

Special attention was paid to a project related to creation of a national rating of regional business environment.   The key discussion point was the methodology to be used for the rating calculation.  Andrey Belousev, Aid to the Russian President, the core objective of the rating is to assess the activities of regional and municipal authorities in the field of cooperation with the business community. It was mentioned that the business environment shall be assessed by business community.   

The conference participants noted that each region strives to find unique ways to cooperate with business, however, all of them have a common idea – to introduce a one-stop shop concept. Dmitry Abramov said: “There is a number of development institutions in Kaluga Region. Kaluga Region Development Corporation is a government land developer. Its key objective is to develop the existing industrial parks and to build new ones.  The Agency for Regional Development of Kaluga Region is a government consulting agency offering information and consulting support to investors free of charge.   Later on a necessity to promote and support the innovative sector emerged and the Agency for Innovative Development was established.  Thus, each development institution solves specific problems of investors and bears responsibility for the relevant area”.

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