The Tyumen region was ranked third in the National Investment Climate Rating among other Russian regions. The city of Moscow ranks first and the Republic of Tatarstan ranks second. The results of the rating were announced on June 7 at the St. Petersburg International Economic Forum.
The rating is accessed on the basis of 44 indicators which form an index (max 400 points). All indicators are grouped into 4 groups: regulation environment, business institutions, infrastructure and resources, and small business support.
It is worth reminding that the National Investment Climate Rating is coordinated by the Federal Agency for Strategic Initiatives since 2014. Twenty-one regions participated in the rating back then. Since 2017 all 85 regions, republics, and areas take part in the rating.
The National Rating aims at identifying the best regional practices on investor relations and creating a system of incentives to increase the investment attractiveness of the Russian regions, as well as to form and develop effective regional project teams.
Prepared under the guidance of the leading business associations of the country, the National Rating reflects the opinion of businessmen and investors. Over 400 thousand representatives of the business community took part in preparation of the 2019 rating.
The rating evaluates the local government work on increasing the investment attractiveness in four areas: regulation environment, business institutions, infrastructure and resources, and small business support. In comparison with 2017, 92% of the Russian regions improved their results in 2018. The Tyumen region was among the leaders that year.
One should remind that the Tyumen region was ranked first in the National Investment Climate Rating in 2018. The city of Moscow ranked second and the Republic of Tatarstan ranked third.
Source: Press service of the Governor of the Tyumen region