Investment Promotion Agency of Rostov Region

News Room

5 October

ROSTOV REGION’S SUCCESSFUL PRACTICE WAS PRESENTED AT THE FORUM IN TYUMEN

The forum of regional investment agencies and development corporations in Tyumen was organized by Agency for Strategic |Initiatives (ASI) and National Association of Investment and Development Agencies (NAIDA) - a federal institute uniting investment and development institutes of the Russian Federation.

It is not a coincidence that Tyumen was chosen as the site of the forum. The region is in top-10 of the National rating of investment climate. In addition, Vladimir Yakushev, the Governor of Tyumen region, was the chairman of the working group which prepared the State Council presidium meeting a year ago dedicated to the improvement of investment attractiveness of the Russian regions.  The working group was engaged in developing 12 target models that aim at simplifying business procedures and increasing investment attractiveness of the Russian regions. In accordance with the instructions of the President of Russia following the results of the State Council and the order of the Government, the target models should be implemented in all constituent entities of the Russian Federation till the end of 2017. One of the key models – Efficiency of a Specialized Organization of Attracting Investments and Working with Investors – is based among other things on the successful practice of Rostov region. It is a well-known fact, that 2004 saw the creation of the first regional specialized organization with the intent to attract investment in Rostov region – Investment Promotion Agency of Rostov region (IPA).

The efficiency of the regional investment agencies was discussed at the meeting of the working group established by the federal Ministry of Economic Development. The working group, along with the federal officials and ASI representatives, includes also the heads of the leading regional investment promotion agencies, including Igor Burakov, Director General of Investment Promotion Agency of Rostov region.

The efficient work of attracting investments was discussed at the plenary session. The moderator was Sergei Belyakov, the Chairman of the Board of National Association of Investment and Development Agencies. The point of view of international experts was presented to the participants of the forum. Head of the World Bank programs in Russia Christopher Miller presented the results of the study of international practices of investment promotion agencies. According to it, the most productive agencies are those that, first, are distanced from governments (governments are not founders of such structures, agencies are free from bureaucratic functions and procedures), and, secondly, have a clear specialization, are not overloaded with duties and do not dilute their resources, trying to grasp the immensity. In other words, efficient agencies do not do everything (small business, export promotion, writing strategies, developing industrial parks, etc.) – they are focused on finding investors and working on specific investment projects.

Among the most successful practices in attracting investments in Russia, the participants were presented with the successful work of Rostov region. Igor Burakov, Director General of Investment Promotion Agency of Rostov region, showed a model of the first in Russia specialized investment promotion agency – a non-governmental regional organization working on behalf and in the interests of the constituent entity of the Russian Federation. Director General of IPA of Rostov region underlined features, basic differences and advantages of such a model, noted the main results of the Agency (over $ 6 billion of attracted investments), gave examples of IPA’s work with investment projects of industrial leaders (national and global).

The forum also saw a General meeting of the National Association of Investments and Development Agencies. The executive director of NAIDA Rafael Khusyainshin noted that the Association expresses a consolidated opinion of the regional agencies, which is heard and taken into account when the federal agenda is formed. At the meeting a new Board of the Association was elected, Igor Burakov, Director General of Investment Promotion Agency of Rostov region, was elected the Member of the Board as well as NAIDA Deputy Chairman of the Board.

The feature of Tyumen Forum is the unprecedented representativeness of the participants: never so many representatives of regional agencies and development corporations have gathered in one place. One of the tasks that the organizers of the event sought to resolve was to get feedback on the target model that regulates the work of specialized organizations, as well as to discuss potential adjustments to that model. Beside Rostov region the participants of the forum were representatives of the investment agencies and development corporations of Moscow and St. Petersburg, Tyumen, Murmansk, Tambov, Yaroslavl, Chelyabinsk, Vologda, Moscow, Ryazan, Arkhangelsk, Kaluga, Omsk, Lipetsk, Samara, Kamchatka, Khabarovsk, Krasnoyarsk regions, Tatarstan, Karelia, Karachay-Cherkessia, Khakassia and others.


The plenary session of the Forum of regional investment agencies and development corporations in Tyumen

Igor Burakov, Director General of Investment Promotion Agency of Rostov region, presented the model of the first in Russia specialized agency of attracting investments


The main feature of the Forum in Tyumen is the unprecedented representativeness of the participants



 


Head of the World Bank programs in Russia Christopher Miller presented the results of the study of international practices of investment promotion agencies

At one of the working sessions of the Forum of regional investment agencies and development corporations

At the forum a General meeting of the National Association of Investments and Development Agencies took place



 


Sergei Belyakov, Chairman of the Board of the National Association of Investment and Development Agencies

Rafael Khusyainshin, Executive director of NAIDA

At one of the working sessions of the Forum of regional investment agencies and development corporations