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 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.
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.
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.
Highly efficient institutional space, attractive for large-scale projects and investments and free for extensive development of the private entrepreneurial initiative.
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.
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 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.
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.
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:
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Links to useful online resources: