Investment standard

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:

  

Investment declaration

In accordance with the Investment Declaration of the Nizhny Novgorod Region and the current legislation of the Russian Federation, the Nizhny Novgorod Region guarantees the protection of investments, as well as the rights and interests of business and investment entities.

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 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
Download

  

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

  

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 for improving control and supervisory activities, expert assessment of the implementation of the target model of control and supervisory activities, focus groups, meetings, public discussions and exchange of views

 

 

Innovations:

 

  • Business self-inspection service

 

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

 

Figures and facts:

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TOP 5 regions for the improvement of their control and supervision activities
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In 2019, the number of regional and municipal inspections of businesses decreased by 17,7%
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More than 100 public discussions of the practice of regulatory authorities held with businesses in 2019
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More than half of the types of regional control are transferred to a risk-based approach or scheduled inspections
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36,155 self-inspection procedures have been held since the launch of the Electronic Inspector service

Links to useful online resources:

  

Improvement of the investment climate

Development and Investment Strategy Council of the Nizhny Novgorod Region

 

The Development and Investment Strategy Council under the Nizhny Novgorod Region Governor was established in July 2018 in compliance with the Decree of the Nizhny Novgorod Region Government No. 490 of August 4, 2018.

 

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.

Decree of the Nizhny Novgorod Region Government No. 490 of August 4, 2018 Download

 

Target models of simplifying business procedures and increasing the investment attractiveness of constituent entities of the Russian Federation

 

The Nizhny Novgorod Region has implemented an integrated system to systematically improve the region’s investment climate. Analysis of the investment climate in Russia showed the need for new approaches to creating conditions for attracting investments and the new quality of work of regional management teams.

 

The target model is:

-     a set of factors to ensure a favorable investment climate

-     12 directions, for each of which a target value and indicators for assessing its achievement are determined

 

In order to achieve the values of the target models in the Nizhny Novgorod Region, the region’s specialized state structures have developed “road maps”, identified indicators for the development of the relevant sphere and appointed responsible persons.

 

Documents:

Decree of the Government of the Russian Federation No. 147-r of January 31, 2017 “On Target Models to Simplify Business Procedures and Increase the Investment Attractiveness of Constituent Entities of the Russian Federation” Download
Decree of the Nizhny Novgorod Region Government No. 1618-r of September 29, 2017 “On the Introduction of Target Models to Simplify Business Procedures and Increase the Investment Attractiveness of Constituent Entities of the Russian Federation in the Nizhny Novgorod Region” Download
Decree of the Nizhny Novgorod Region Government No. 1974-r of October 29, 2015 “On the Establishment of the Organizational Headquarters and Working Groups to Introduce the Best National Rating Practices and Improve the Investment Climate in the Nizhny Novgorod Region” Download
Target regulatory and enforcement models in priority areas for improving the investment climate in constituent entities of the Russian Federation Download

 

Best practices of social and economic development of the Agency of Strategic Initiatives

 

Procedure for receiving regional applications

 

Applications for participation in the regional contest are sent by official letter to the Ministry of Economic Development and Investment of the Nizhny Novgorod Region in hard or electronic form.

 

The contact person for the organization of the contest is Mikhail Blyudov, Head of the Investment Standard and Target Models Implementation Sector

+7 (831) 439-07-87istand@minec.kreml.nnov.ru

 

Nominations of the contest (correspond to national projects):

 

  • Construction and Housing and Utility Services

 

  • Urban Development and Infrastructure

 

  • Environment and Nature Protection

 

  • Tourism and Culture

 

  • Business Support and Export Development

 

  • Science and Education

 

  • Digital Development

 

  • Social welfare

 

 

Contest results:

 

Contest results are traditionally announced at the Russian Investment Forum, where the awarding ceremony of the practice initiators and heads of entities is held.

 

The best development practices of constituent entities of the Russian Federation are availiable on the platform “Smarteka”.

 

National rating of the investment climate in constituent entities of the Russian Federation

 

Purposes of the rating:

 

The national rating of the investment climate assesses the efforts of regional authorities to create favorable business conditions and identifies best practices, and its results stimulate competition in the struggle for investment at the regional level.

 

Rating results:

 

The organisational headquaters has been created in the Nizhny Novgorod Region to implement the best practices of the national rating. The list of indicators for assessing the state of the investment climate has been approved. 

 

Annual presentation of the results of the National Rating of the Investment Climate in Constituent Entities of the Russian Federation takes place at the St. Petersburg International Economic Forum. In 2020, according to the rating results, the Nizhny Novgorod Region took 18th position among the regions of the Russian Federation.

 

Documents:

Decree of the Government of the Russian Federation No. 642-r of April 11, 2016 “On Approval of the List of Indicators Used to Calculate the National Rating of the Investment Climate in Constituent Entities of the Russian Federation” Download
Decree of the Nizhny Novgorod Region Government No. 1974-r of October 29, 2015 “On the Establishment of the Organizational Headquarters and Working Groups to Introduce the Best National Rating Practices and Improve the Investment Climate in the Nizhny Novgorod Region” Download