Welcome Letter from the Chairman of the Supervisory Board Igor N. Albin

Welcome Letter from the Chairman of the Supervisory Board

Dear ladies and gentlemen!

I am pleased to welcome you to the Russian Investment Agency “Invest in Russia” – the Internet resource created specifically for comprehensive assistance to investors.

Russia is a rich and a unique country which has gone a rapid way to the market for the last twenty years, the way that took centuries for the majority of other industrialized countries to go.

We have achieved a lot: the procedure of registration of ownership, conditions of doing business, foreign trade and customs procedures have been significantly simplified. Investors, entrepreneurs, citizens of Russia, our trade partners and rating agencies – all of them admit positive changes taking place in the country.

The Federal Government, the Russian regions, companies and civil society institutions have been actively involved in the joint effort to improve business climate. This work is under control of the President of the Russian Federation Vladimir Putin.

In the coming years we intend to enter the twenty leading countries in terms of the ease of doing business, as well as to secure sustainable economic growth.

Movement towards these goals requires a coordinated effort of many institutions, organizations, levels of authority, and the whole work needs to be coordinated.

Many foreign investors are experiencing difficulties with the assessment of the real potential of our regions and sectors of the national economy. At the same time, not all of the Russian regions have sufficient experience and qualifications to work with foreign partners.

For this purpose we have created the Russian Investment Agency “Invest in Russia”, which under conditions of non-budgetary funding will perform the functions of “one-stop shop” for foreign investors, will be quickly providing potential investors with accurate information about the conditions, procedures and options of investment activity in the Russian regions, will coordinate specific development institutions at the regional level as well as will offer potential investors methods, conditions and mechanisms for attracting investments, based on the best international and Russian practices and standards.

It is extremely important for us to work in cooperation with international organizations such as the World Association of Investment Promotion Agencies (WAIPA), foreign institutions specialized in attracting investments.

We hope that the international experience, investment standards and investment attracting mechanisms proven in many countries will, through the long-term strategy, help us to generate favorable conditions for mutually beneficial business in Russia, will provide a direct link between foreign investors and Russian regions. And then more companies will throw their anchors in a safe harbor of the Russian State.

It is time to do business in Russia.
Welcome to Russia!

 

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Chairman of the Supervisory Board
Igor N. Albin