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 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 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.

MAIN OBJECTIVES OF THE BOARD ARE: 

 

  • Monitoring and control of the development and implementation of the Strategy, preparation of proposals for its adjustment

 

  • Implementation of interagency cooperation on the adjustment, development and implementation of the Strategy for the pursuance of certain priorities, goals and objectives of the social and economic development of the Nizhny Novgorod Region

 

  • Preparation of proposals on the social and economic development and investment attraction

 

  • Development of consolidated measures aimed at the creation of a new economic potential to ensure the sustainable development of the Nizhny Novgorod Region and social stability

 

  • Development of recommendations on state support of investment processes and stimulation of investment activity in the Nizhny Novgorod Region

 

  • Consideration of the draft investment strategy, analysis of the progress and implementation of the investment strategy, preparation and consideration of proposals for its adjustment

 

  • Consideration and adjustment of the plan for the creation of investment and infrastructure facilities in the Nizhny Novgorod Region

 

  • Consideration and preparation of proposals on problems related to investment activities in the Nizhny Novgorod Region and problems arising from the implementation of investment projects in the Nizhny Novgorod Region, with the exception of land and property relations

 

  • Consideration and decision-making on increasing the efficiency of exhibition and congress activities in the Nizhny Novgorod Region

 

  • Consideration of applications from borrowers and the provision of collaterals from the collateral fund of 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

THE COUNCIL’S MEETINGS

November 11, 2022

On November 11, 2022, a regular meeting of the Council for Development Strategy and Investments was held in the format of an investment committee chaired by the Deputy Governor of the Nizhny Novgorod Region, Polyakov E.N.

Questions considered:

- technological connection to power supply networks during the implementation of the investment project of Ecosystem LLC;

- technological connection to gas supply networks during the construction of individual residential buildings in the village of Kovernino;

- increase of capacity under the contract of technological connection to electric networks during the implementation of the investment project of Milk LLC;

- the possible creation of a fire-fighting gap in the Pilna settlement during the implementation of the Nizhny Novgorod Hemp Fibers LLC project.

As a result of the discussion, protocol decisions were recorded, relevant instructions were given to the responsible authorities.

September 2, 2022

On September 2, 2022, a regular meeting of the Development Strategy and Investment Council was held in the format of an investment committee chaired by the Deputy Governor of the Nizhny Novgorod Region Egor Polyakov.

 

3 issues related to the implementation of investment projects of LLC "Bikom", LLC "Center for the Development of Aerotube Sports", LLC "Ark" were considered in terms of connecting facilities to water supply and sanitation networks, to power supply networks and extending the terms of implementation of the investment project.

 

As a result of the discussion, protocol decisions were recorded, relevant instructions were given to the responsible authorities.

July 8, 2022

On July 8, a regular meeting of the Development Strategy and Investment Council under the Governor of the Nizhny Novgorod region was held in the format of an investment committee chaired by the Deputy Governor of the Nizhny Novgorod region, Mr. Egor Polyakov.


The agenda included 5 issues related to the implementation of investment projects of LLC "Laboratory of Childhood", LLC "Atelier Goncharova", JSC "Elcom", LLC "Start 2016", LLC "Phoenix".
3 out of 5 questions were related to the connection of facilities to the power supply networks, the rest were related to land issues.


As a result, protocol decisions were recorded, relevant instructions were given to the responsible authorities.

April 14, 2022

On April 14, a regular meeting of the Development Strategy and Investment Council under the Governor of the Nizhny Novgorod Region was held in the format of an investment committee chaired by the Deputy Governor of the Nizhny Novgorod Region, Mr. Egor Polyakov.


There were 2 issues on the agenda. One is related to the implementation of the investment project of LLC "S-Plus". The second issue was related to the transfer of "Intrast NN" JSC to the regional ownership of the traffic light facility and road lighting systems.


As a result, protocol decisions were recorded, relevant instructions were given to the responsible authorities.

MEETINGS OF THE PRESIDIUM OF THE COUNCIL

November 29, 2022

On November 29, 2022, under the chairmanship of the Deputy Governor of the Nizhny Novgorod Region Egor Polyakov, an absentee meeting of the Presidium of the Council for Development Strategy and Investments under the Governor of the Nizhny Novgorod Region was held.

 

The members of the Presidium of the Council adopted a positive decision to conclude an additional agreement No. 2 to the investment agreement between the Government of the Nizhny Novgorod region and JSC "VMZ" of the project "Development of the oil and gas pipeline division at the Vyksa Metallurgical Plant" on extending the period for granting corporate income tax benefits and adjusting the financial and economic indicators of the investment project in accordance with the business plan.

Minute of the Council’s Meeting of November 29, 2022
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October 21, 2022

On October 21, 2022, an expanded meeting of the Presidium of the Development Strategy and Investment Council under the Governor of the Nizhny Novgorod Region was held under the chairmanship of the Deputy Governor of the Nizhny Novgorod Region, Egor Polyakov.

 

Following the meeting, the members of the Presidium of the Council made a positive decision to provide state support in the form of corporate property tax benefits and corporate income tax benefits to the priority investment project with non-financial measures of state support "Oceanis Multifunctional Complex" at the address: Nizhny Novgorod, Gagarin Avenue, 35, building 1, building 2, building 3", implemented by "Aquatoria Entertainment" LLC.

Minute of the Council’s Meeting of October 21, 2022
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August 5, 2022

On August 5, 2022, an expanded meeting of the Presidium of the Development Strategy and Investment Council under the Governor of the Nizhny Novgorod Region was held under the chairmanship of the Deputy Governor of the Nizhny Novgorod Region, Egor Polyakov.

 

Following the meeting, the members of the Presidium of the Council made a positive decision to recognize the investment project "Pre-gasification of settlements of the Nizhny Novgorod region in accordance with the instructions of the President of the Russian Federation", implemented by PJSC Gazprom Gas Distribution Nizhny Novgorod and the investment project "Construction of the PENEX isomerization plant", implemented by LLC Lukoil-Nizhegorodnefteorgsintez, as priority investment projects of the Nizhny Novgorod region with state support in the form of corporate property tax benefits.

Minute of the Council’s Meeting of August 5, 2022
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June 23, 2022

On June 23, 2022, under the chairmanship of the Deputy Governor of the Nizhny Novgorod Region, Mr. Egor Polyakov, an absentee meeting of the Presidium of the Development Strategy and Investment Council under the Governor of the Nizhny Novgorod Region was held.

 

Following the meeting, the members of the Presidium of the Council made a positive decision to recognize the investment project "Construction of an Aquarium in Nizhny Novgorod", implemented by "Aquarium" LLC, as a priority investment project of the Nizhny Novgorod region with state support in the form of corporate property tax benefits, rent benefits for land plots and subsidies for reimbursement of part of the payment costs interest on loan agreements and contracts.

Minute of the Council’s Meeting of June 23, 2022
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April 27, 2022

On April 27, 2022, an expanded meeting of the Presidium of the Development Strategy and Investment Council under the Governor of the Nizhny Novgorod Region was held under the chairmanship of the Deputy Governor of the Nizhny Novgorod Region, Mr. Egor Polyakov.

 

Following the meeting, the members of the Presidium of the Council made a positive decision to recognize the investment project "Reconstruction of ethylene oxide and glycols production with an increase in capacity to 1067 tons/day for equivalent ethylene oxide of "Sibur-Neftekhim" JSC, implemented by "Sibur-Neftekhim" JSC, and the investment project "Expansion of production capacities of "Start LMZ" LLC". implemented by Arzamas Foundry and Mechanical Plant "Start" LLC, priority investment projects of the Nizhny Novgorod region with state support in the form of corporate property tax benefits.

Minute of the Council’s Meeting of April 27, 2022
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March 15, 2022

On March 15, 2022, an expanded meeting of the Presidium of Council for Development Strategy and Investment under the Governor of the Nizhny Novgorod Region was held under the chairmanship of the Deputy Governor of the Nizhny Novgorod Region, Mr. Egor Polyakov.

 

As a result of the meeting, the investment project "Construction of a greenhouse complex with an area of 17 hectares for growing vegetable products Nizhny Novgorod region, the city of regional significance Bor, Sitnikovsky village council, south of the Telyatevo village", implemented by TK Nizhegorodsky LLC, was granted with a priority status and state support in the form of corporate property tax benefits.

Minute of the Council’s Meeting of March 15, 2022
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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.

 

In addition, the Development Corporation is authorized to organize the interaction of investors with resource-supplying organizations and operators of engineering and road infrastructure.

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
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 Download
The algorithm of the investor's actions on the connection to the gas distribution networks Download
The algorithm of the investor's actions on the procedure of connection to the heat supply networks 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
The algorithm of the investor's actions to ensure access to the road infrastructure 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
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: