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MIL OSI Translation. Region: Russian Federation –

First Deputy Prime Minister Andrei Belousov took part in the presentation of the results of the National rating of the investment climate in the constituent entities of the Russian Federation, which took place within the framework of the St. Petersburg International Economic Forum – 2021.

“We understand that the results of this rating were measured in extreme conditions. If earlier the rating characterized the achievements and opportunities of the regions to improve the business climate, then this year it rather shows the degree of positive interaction between regions and business, ”Andrei Belousov emphasized.

It was noted at the presentation that, despite the pandemic, 40 out of 85 subjects improved their index in the ranking compared to last year. Most regions were able to improve results by reducing the time required to complete various procedures, such as obtaining a construction permit, connecting to networks, and cadastral registration.

Moscow, the Republic of Tatarstan, the Tyumen region, the Tula region and the Republic of Bashkortostan are in the top 5 of the national rating.

“The results of the rating showed several positive trends. First, there was an increase in support by the state and regions of small and medium-sized businesses. Second, for the first time there was a decrease in administrative pressure on business. Third, business noted that the regulation in construction has improved. Over the past year, 3,000 regulatory norms were canceled. The business felt it, ”said Andrey Belousov.

The event was attended by Deputy Prime Minister Marat Khusnullin, General Director of the Agency for Strategic Initiatives to Promote New Projects Svetlana Chupsheva, heads of constituent entities of the Russian Federation, heads of business associations of the country.

The national rating evaluates the efforts of the authorities at all levels to create a comfortable environment for business. It includes four areas of assessment: the regulatory environment, infrastructure and resources, institutions for business, and support for small and medium-sized businesses. The rating is compiled by the Agency for Strategic Initiatives to Promote New Projects with the participation of the country’s leading business associations. The rating was first presented in 2014.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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