The Working Group on the improvement of investment attractiveness and the achievement of rating indicators had a meeting of at the Ministry of Regional Development of the Russian Federation
The Deputy Minister of Regional Development of the Russian Federation Mikhail Krouk chaired a meeting of the Working Group on the improvement of investment attractiveness and the achievement of rating indicators (the Group was established by the order the Ministry of Regional Development number 137 as of May 8, 2014). The meeting was attended by the Director of the Department of Strategic Analysis and Development of GC “Vnesheconombank” Vladimir Andrianov, the Advisor to Head of the Russian Investment Agency “Invest in Russia” Konstantin Korischenko, the Director of the Institute of Innovation of Infrastructure and Investments Marina Udachina, the CEO of the National Rating Agency Oleg Chetveryakov, co-chair of “Business Russia” Nikolay Levitsky, a member of the Presidium of “Support of Russia” organization Gleb Arkhangelsky.
During the meeting Vladimir Andrianov presented the project “Strategies for sustainable socio-economic development of Russia up to 2020: the key performance indicators of the economy”. The project proposes a systematic approach to solving the problem highlighted by the Russian President to ensure the sustainability of economic growth based on the theory and practice of strategic management. It sets forth the basic problems of economic development of Russia’s economy, strategic objectives and targets for sustainable socio-economic development of Russia up to 2020, presents a strategy map and key performance indicators for sustainable development of the Russian economy. The project focuses on the use of leading indicators of development in the strategic management, as well as the theory of self-regulation of the market economy.
Participants discussed the ratings of investment attractiveness of the Russian Federation, their role in attracting both domestic and foreign investment. As noted by the members of the Working Group “the family of ratings is expanding”, but most of them have significant drawbacks and are used mainly by the federal and regional authorities, while investors, especially foreign ones, do not show much interest in these ratings.
The National Rating Agency and the Russian Investment Agency developed a new method of evaluation of investment attractiveness of the regions of the Russian Federation, focused on investors and taking into account the individual characteristics of the regions. This methodology is based on the evaluation of 11 factors of regional investment attractiveness. Indicators used in the method for estimating these factors include statistics, surveys of business community, as well as expert evaluation.
Within the framework of the Working Group the Commission on the development of investment passports of the regions of the Russian Federation was formed under the leadership of the Director of Strategic Analysis and Development GC “Vnesheconombank” Vladimir Andrianov, the Doctor of Economics, Professor. The Commission includes representatives of the Ministry of Regional Development of Russia, GC “Vnesheconombank”, the Russian Investment Agency “Invest in Russia”, the Institute for Innovations of Infrastructure and Investments and other experts.
The next meeting of the Working Group is scheduled for the III Quarter of this year.