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MIL OSI Translation. Region: Russian Federation –

Source: Ministry of Economic Development (Russia) – An important disclaimer is located at the bottom of this article.

Deputy Minister of Economic Development Murat Kerefov held a meeting with the regions on the implementation of the investment standard. On behalf of First Deputy Prime Minister Andrei Belousov, this year work will be carried out to expand the standard’s tools and institutionalize it by enshrining elements in legislation.

“Last year, in terms of investment in fixed assets, we exceeded forecast values, including thanks to the introduction of a regional investment standard. We propose to develop the initiative and introduce the sixth element of the standard by the end of the year – a system for collecting feedback from business. We will also replicate another pilot project, “End-to-End Investment Flow,” which helps regions, using lean technologies, shorten the investor’s client journey. In addition, we propose to formulate investment proposals for specific projects that need to be implemented in the constituent entities of the Russian Federation. Taken together, these measures will ensure investment proactivity and give the work to attract business a cross-cutting character,” said Deputy Minister of Economic Development Murat Kerefov.

Director of the Department of Labor Productivity, Protection and Promotion of Investments Alexander Molodtsov recalled that the national rating of investment attractiveness of the ASI today consists of 45% of the regional investment standard. Confirmation of the implementation of the standard will be synchronized with the compilation of the rating and will take place from March to May. The results of the confirmation will be announced at the St. Petersburg International Economic Forum. Alexander Molodtsov also called on the regions to more actively fill out the investment map of Russia, which was presented at the international exhibition and forum “Russia”.

At the meeting, the support of investment projects by municipalities and work plans for 2024 were discussed. Previously, the Ministry of Economic Development developed relevant recommendations. To improve the competencies of local employees, the National Association of Investment and Development Agencies, together with the Department of Labor Productivity, Protection and Promotion of Investments, has formed “out-of-the-box” solution for compiling investment profiles of municipalities, said Deputy Chairman of the Board of NAAIR Rafael Khusyainshin.

In addition, the Higher School of Public Administration, with the participation of the Ministry of Economic Development, will continue to train regions under the program “Managerial Excellence: Development of Regional Teams.”

“This year, the emphasis will be on optimizing the investor’s customer journey, developing a continuous feedback mechanism with business in the regions, analyzing and prioritizing areas of investment development. During the implementation of the program, issues of creating opportunities for cooperation and regional development in the field of investment activities will be addressed. The program will be implemented from April to October and is aimed at more than 800 representatives of regional and municipal services, as well as resource supply organizations and business associations from all 89 constituent entities of the Russian Federation,” said Oleg Kondratenko, Deputy Director of the Higher School of State University of the Presidential Academy.

Note; This information is raw content directly from the source of the information. This is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

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

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