A record number of regions in five years have improved their investment attractiveness

Almost one third of Russian regions managed to improve their investment attractiveness in 2021, despite the covid-19 pandemic, which was a record since 2017, Izvestia writes with reference to the data of the Independent Rating Agency (NRA).

According to analysts, the leaders in this criterion were Moscow, St. Petersburg, Yamalo-Nenets Autonomous District, the Moscow and Sakhalin regions. However, 52 out of 85 regions remained in the same groups as the year before.

Twenty-three regions were able to improve the investment climate and rise in the rating, which is the maximum since 2017. Among them are the Murmansk and Amur regions, the Chukotka Autonomous District, Yakutia, and Primorsky Territory. Ingushetia and Kabardino-Balkaria also managed to increase their investment attractiveness. According to the NRA, they have managed to improve infrastructure for investors, the business climate and reduce the risks of doing business. The list includes the following regions: the Altai Territory, the Crimea and Sevastopol, the Volgograd and Orel Regions, the Krasnodar Territory, North Ossetia, the Bryansk and Kostroma Regions, the Jewish Autonomous Region and the Zabaikalsky Territory.

The anti-rating included 10 regions: Tula, Kursk and Novosibirsk regions, Bashkortostan, Chuvashia, Altai, Mordovia, as well as Orenburg, Ryazan and Saratov regions. As explained by the NRA, they are characterized by deteriorating macroeconomic and infrastructural indicators, the regions lag behind in terms of growth rates of investment attractiveness compared to other subjects.

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Author: Karina Kamalova