Investment standard 2.0

Regional Investment Standard 2.0 is a new support system of investment projects developed by the Ministry of Economic Development of the Russian Federation.

 

The new regional standard is formed on the basis of the best practices of the regions’ work with investors and aimed at optimizing the interaction of investors with regional authorities.

The main elements of the Regional Investment Standard 2.0
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Investment Declaration
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Development Agency
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Investment Committee
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Investment map
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Set of investment rules
Investment Standard 1.0 (2012)

The standard was developed by the Agency for Strategic Initiatives to Promote New Projects in cooperation with the All-Russian public organization "Business Russia" and is an initiative aimed at creating an enabling environment for increasing investment flows into regions through the implementation of the best Russian and international practices of interaction between regional authorities and entrepreneurs.

 

The standard includes 15 best investment practices that are used by the most economically successful regions:

The procedure for the implementation of the investment standard in the Nizhny Novgorod region was completed in 2017. All sections of the standard have successfully passed the expert evaluation of the Agency for Strategic Initiatives to promote new projects.

  

Investment declaration

The investment Declaration of the Nizhny Novgorod Region is developed in order to create a favorable investment climate in the region and declares the obligations of the Nizhny Novgorod region to the investor about the inviolability of state support measures and business conditions.

 

The declaration contains a description of the goals and priorities of investment development, key characteristics and advantages of the region, as well as the composition of the investment team of the region.

Investment Declaration of the Nizhny Novgorod Region approved by Order of the Nizhny Novgorod Region Government No. 2701-r of December 25, 2013 Download

  

Investment message of the Governor
Governor's message to entrepreneurs on the results of 2021
Governor's message to entrepreneurs on the results of 2021
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Governor's message to entrepreneurs on the results of 2020
Governor's message to entrepreneurs on the results of 2020
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Governor's message to entrepreneurs on the results of 2019
Governor's message to entrepreneurs on the results of 2019
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Governor's message to entrepreneurs on the results of 2018
Governor's message to entrepreneurs on the results of 2018
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Investment strategy

In 2018, the region adopted the Strategy for Socio-Economic Development of the Nizhny Novgorod Region until 2035 developed with the participation of a community of 400 experts at the regional and federal levels and more than 500,000 residents of the region.

 

The Development Strategy is a strategic planning document that defines the long-term priorities, goals and objectives of region’s administration. The investment strategy block is incorporated into the general Development Strategy of the Nizhny Novgorod Region until 2035.

Strategic goal:

 

Highly efficient institutional space, attractive for large-scale projects and investments and free for extensive development of the private entrepreneurial initiative.

  

Key strategic initiatives in the field of investment environment and entrepreneurship:
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Creation of the “one-stop shop” system for the interaction with investors
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Assistance in removing tariff restrictions and developing the investment infrastructure
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Development of the PPP/PMP institute
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Reduction of the administrative and bureaucratic burden, including by reforming the control and supervision system
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Effective regulation of tax and non-tax burdens and assistance in increasing the share of “white” entrepreneurship
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Improving the quality of entrepreneurs' access to financial assets and increasing the effectiveness of the state financial support system
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Development of an optimal infrastructure for the formation, support and development of entrepreneurial activity
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Creation of transparent and predictable business and investment conditions
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Creation of an environment for establishing a new formation of entrepreneurs – social entrepreneurship
Strategy for Social and Economic Development of the Nizhny Novgorod Region until 2035 Download
Investment section of the Strategy for Social and Economic Development Download

  

Investment Committee

The Investment Committee of the Nizhny Novgorod Region is a body that settles disputes between the investor, state bodies, state/municipal organizations in a pre–trial manner. The chairman of the committee is the head of the region.

 

In the Nizhny Novgorod region, the functions of the Investment committee are assigned to the Development Strategy and Investment Council under the Governor of the Nizhny Novgorod Region.

 

The Council is a permanent collegial advisory body created to coordinate the actions of the executive authorities of the Nizhny Novgorod Region, territorial bodies of federal executive authorities and other organizations, regardless of their organizational and legal form, in order to develop and implement the Social and Economic Development Strategy of the Nizhny Novgorod Region until 2035, the creation of a favorable investment climate in the Nizhny Novgorod Region, as well as resolving investor's disagreements and disputes on the implementation of investment projects in the Nizhny Novgorod Region.

Decree of the Nizhny Novgorod Region Government No. 490 of August 4, 2018 “On the creation of the Council for Development Strategy and Investment under the Governor of the Nizhny Novgorod Region” Download
Set of investment rules

Set of investment rules is an algorithm of actions (the "client path") of an investor planning to implement an investment project in the Nizhny Novgorod region. Set of investment rules has been developed in order to increase transparency and simplify the investor's interaction with executive authorities, control (supervisory) bodies and resource organizations when implementing investment projects in terms of gaining access to infrastructure elements.

The algorithm of the investor's actions on the procedures for connecting to electric networks Download
The algorithm of the investor's actions on the procedures for connecting to water supply and sanitation facilities Download
The algorithm of the investor's actions for obtaining a land plot for rent Download
The algorithm of the investor's actions for obtaining a construction permit Download
The algorithm of the investor's actions on the procedures for registration of ownership rights to the commissioned object Download
The algorithm of the investor's actions for obtaining permission to put the object into operation Download
Investment map

The Investment map is a digital service that contains information about infrastructure, support measures, investment sites and preferential regimes in the Nizhny Novgorod region.

 

On the map www.newmap.nn-invest.ru a filtration system is provided by the type of plot, area, municipality, distance from the regional center and form of ownership. The map contains all the necessary information on the available plots, such as the category of land, the form of ownership, the availability of access to roads and railways, average tariffs for connection to networks and mineral deposits. In addition, the cadastral map is integrated into the map, which is presented as an additional layer.

Decree of the Government of the Nizhny Novgorod Region No. 1403-r of December 12, 2021 "On the formation and maintenance (updating) of the investment map of the Nizhny Novgorod region" Download
Development Agency

Nizhny Novgorod Region Development Corporation JSC is an organization endowed with the functions of a development agency and authorized to attract private investments and assist investors in the implementation of investment projects in the region on the one–stop shop principle.

Decree of the Nizhny Novgorod Region Government No. 1 of January 9, 2019 “On vesting Nizhny Novgorod Region Development Corporation JSC with the authority of the Nizhny Novgorod Region Development Agency" Download
Control and supervision activities

The Nizhny Novgorod Region is one of the leading regions that reform their control and supervisory activities with a goal, inter alia, to reduce the administrative burden on businesses:

 

  • Introduction of a risk-based approach to the activities of regulatory authorities and the development of crime prevention

 

  • Improvement of the municipal control system

 

  • Close cooperation with the business ombudsman and business associations – CCI, NAPP, Business Russia, OPORA Russia

 

  • Forms of joint work – a working group on the implementation in the Nizhny Novgorod region of Federal Law No. 248-FZ dated July 31, 2020 "On State Control (Supervision) and municipal Control in the Russian Federation", expert assessment of the implementation of the target model of control and supervisory activities, meetings, public discussions and exchange of views

 

 

Specificity:

 

  • Business self-inspection service (the first in the subjects of the Russian Federation)

 

  • Extension of the list of violations for which warnings are given instead of fines

 

Figures and facts:

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In 2021, 1,520 regional and municipal inspections of business were conducted
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More than 3,000 acts of regional and municipal control (supervision) bodies have been adopted/updated
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100% of the types of regional control are transferred to a risk-based approach
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About 70,000 self-inspection procedures in terms of control (supervision) have been held since the launch of the Electronic Inspector service to the beginning of 2022
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Total amount of regional control and supervision inspections during the years of the reform (2017-2021):
  • the number of regional and municipal inspections in the region decreased by 4.4 times (in general, by 3.7 times for the subjects of the Russian Federation)
  • the share of verified legal entities and sole proprietors decreased from 1% to 0.3% (in general, by regions – from 1.4 to 0.7%)
  • the administrative burden on 1 person checked decreased from 3 to 2.1 checks (in general, for the subjects of the Russian Federation – from 3.3 to 2.2 checks)
  • Links to useful online resources: