Murmansk Region Continues Work to Create Favourable Conditions for Business Activities
The Project Office (the organizational headquarters) for Monitoring the Results of Developing the Regional Investment Standard and the National Rating of Investment Climate gathered for a session chaired by Murmansk Region Deputy Governor Grigory Stratiy.
The session focused on a report on the activities of JSC “Development Corporation of Murmansk Region” and studied the operation of the two-language Internet portal on the investment activities in the Murmansk Region.
Under the National Rating of Investment Climate in 2015, the activities of JSC “Development Corporation of Murmansk Region” were assessed one of the best ones in the country.
JSC “Development Corporation of Murmansk Region” was founded to accompany investment projects within the one-stop-shop approach, to promote investment possibilities and projects of the Murmansk region, and to boost interaction with federal development institutions, as well as to raise funds for investment projects.
Special attention was paid to the Murmansk region’s figures in the National Rating of Investment Climate. In order to develop the best Russian practices in the region working groups on different trends of the rating were created in July. They involve representatives of regional business associations, federal, regional and local authorities.
Stratiy stressed the responsibility of power structures at all levels and the importance of the work to improve business conditions in the region.
Within the National Rating of Investment Climate in Russian regions the Agency for Strategic Initiatives and the Russian Public Opinion Research Center (VTsIOM) assessed the business climate in such key directions as the regulatory environment (the effectiveness of the registration of an enterprise, the receipt of different approvals and licenses), the institutional environment (the effectiveness of institutions providing safety, burden on businesses, the quality of information support), resources accessibility and the infrastructure quality, support for small-size business (financial and non-financial backing). The National Rating has been formed on the base of the overall assessment of the region (official statistics, entrepreneurs’ poll and expert assessment). This makes the rating objective from the business community and applicable to work out management decisions by federal and regional authorities.