Sergey Morozov Shared Ulyanovsk Region's Experience in Creation of Favorable Investment Climate at Forum "Investing in Regions – Investing in the Future"
The Governor was the only regional head who addressed the plenary session of the largest regional forum, which was organized in Moscow on 7 November by the Russian Direct Investment Fund (RDIF) with the support of the Federation Council.
This year the event focused on the key issue of the country's social and economic development - implementation of national projects. Valentina Matviyenko (Speaker of the Federation Council of the Federal Assembly of the Russian Federation), Anton Siluanov (Minister of Finance of the Russian Federation), Kirill Dmitriev (CEO of the Russian Direct Investment Fund), and other speakers also made presentations.
“We wanted to direct attention to successful examples, so we invited several governors who were working with investors. Being not the richest region of Russia, the Ulyanovsk region is at the same time one of the most active places as far as investment activities are concerned. It is important to share experience of the Ulyanovsk Governor with other parts of the country,” - said Alexander Malakh, Head of the Сenter for Investment Promotion of the Russian Direct Investment Fund. “We closely cooperate with the regional development corporation and constantly exchange investment opportunities with our colleagues. Currently, we have several project under development and we are discussing participation of foreign partners in them.”
Over the past ten years, Ulyanovsk region has remained one of the leaders in creation of a favorable investment climate and investment attraction.
“Over the last 10 years, private investments into the region made one trillion rubles. We have introduced latest technologies and created high-paying jobs in order to attract foreign and Russian partners so that they would come and work in our region. And we are gradually improving the legal framework," - Sergey Morozov said. "Last year, a special investor guarantees act was adopted at the regional level, thanks to which large companies of the region gained the right to receive compensation in case the legislative framework could become worse. In addition, we have adopted an investment tax deduction law. During the forum, Valentina Matviyenko stressed that the investment tax deduction is a good tool for both regions and business. It was also announced that federal authorities have not started stimulating regions to introduce this measure yet, while the Ulyanovsk region will start using it from 1 January 2020.”
In addition, the Governor noted that the Ulyanovsk region is actively working to develop public-private partnership. According to the National PPP Center, the Ulyanovsk region is one of the top 20 Russian entities to introduce the PPP mechanism. Currently, it is implementing 16 major public-private partnership projects in medicine, the social sphere, housing and public utilities, and sports with the investment of more than 21 billion rubles. “This certainly helps us to achieve the tasks set by the national projects. To continue developing PPP in the region, we are actively working with the Russian Direct Investment Fund. We hope that this cooperation will increase the inflow of large companies' direct investments to the region and will become an additional tool for implementation of priority national projects,” - the head of the region emphasized.
Governor Sergey Morozov and Sergey Vasin, Head of the Ulyanovsk Region Development Corporation, also held a number of meetings with companies' executives regarding implementation of projects in the region. “During the Forum, the federal center has suggested initiatives important for the regions. One of the most significant examples is the RDIF's announcement about establishment of the National Center for Investment Attraction into Russian regions. The state will be able to support regional projects by investing in them with guarantees of reimbursement by means of regional taxes when the project is launched,” - Sergey Vasin said.