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Russia has identified the regions with the best conditions for business

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Russia has identified the regions with the best conditions for business

The Agency for Strategic Initiatives (ASI) presented a national rating of investment climate in Russian regions according to the results of 2020 within the framework of St. Petersburg International Economic Forum, Moscow became the rating leader for the third year in a row, said Svetlana Chupsheva, ASI Director General.

The rating is formed jointly with business associations and analyzes the efforts of regional authorities to create a favorable environment for business, the use of effective practices and how they affect the attraction of investments at the regional level.

According to the results of 2020, Moscow retained the first place. Tatarstan came in second place. The Tyumen Region moved up by nine points to rank third. Tula Region is in fourth place, while Bashkortostan is at the bottom of the chart. Sixth place is taken by Khanty-Mansi Autonomous Okrug - Yugra and Nizhny Novgorod region, seventh place - by Moscow region, Novgorod region and Krasnodar region.

Eighth place went to the Samara, Sakhalin, Yaroslavl and Kaluga regions and St. Petersburg. The ninth place was taken by the Chelyabinsk Region, the tenth - by the Tambov, Leningrad and Belgorod Regions, as well as the Republic of Sakha (Yakutia).

Next come the Crimea, the Kaliningrad and Lipetsk regions, the Republic of Adygea, ranked 11th and the Kamchatka region, Smolensk, Magadan, Rostov, Kemerovo, Astrakhan and Ulyanovsk regions, the Republic of Karelia, the Republic of Kalmykia - 12th place.

According to Chupsheva, most of the regions have improved their performance by reducing the time required for entrepreneurs to complete various procedures.

The St. Petersburg International Economic Forum will be held from June 2 to 5. This year's topic is "Together Again. Economy of new reality". The event is organized by Roscongress Foundation.

Made in Russia // Made in Russia

Karina Kamalova

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