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5 years of successful investments

Front Office attracted 242 billion rubles to regional economy

Front Office for Investor Relations of the Administration of Leningrad Region celebrated its first anniversary on 14 May 2018 – we turned five! Within these years the team of the Front Office has been making significant contribution to development of the region, creation of conditions for successful implementation of investment projects on “one-stop-shop” principle, establishment of constructive dialogue with business.

On our birthday we decided to summarize the results of our work within these first five years together with the representatives of business community of the region. The meeting was held with participation of the Governor of Leningrad region Alexander Drozdenko and representatives of economic divisions of the regional Government.

The Governor Alexander Drozdenko opened the event and noted in his welcome speech that the Front Office has showed its best and investment projects support on “one-stop-shop” principle which would have been impossible without the Front Office proved to be an efficient support mechanism for investors.

“The most important thing is that we’ve reached the balance of interests among authorities, investors, population and federal supervisory institutions. I hope that every year it will be easier to invest in Leningrad region” said Alexander Drozdenko in his welcome speech.

Deputy Chairman of the Government of Leningrad Region – Chairman of the Committee for Economic Development and Investment Activity Dmitry Yalov reminded the participants of the meeting about the reasons for establishment of the Front Office and about the way that we’ve passed within these five years: “In 2012 Alexander Yurievich set a task to change the system of investor relations completely and this way everything started. He emphasized that it is important for investors not only to receive tax benefits, but to receive them fast and in a comfortable way. And it is important not only to settle in Leningrad region, but to do this easily, comfortably and fast”.

After welcome speeches the Director of Economic Development Agency of Leningrad Region Andrey Sergeev summarized the results of work of the Front Office and told the participants of the event that over five years we’ve received 450 applications from potential investors and 230 investment projects receive support. The announced volume of investments of these projects is more than 690 billion rubles.

Also over these years the Front Office organized participation of the representatives of Leningrad region in more than 180 exhibitions, forums and other communicative events in Russia and abroad, including investment presentations for Russian and foreign potential investors. The key events are St.Petersburg International Economic Forum and Russian Investment Forum in Sochi, during which the region concluded several socially important agreements amounting to 242 billion rubles.

The Front Office also develops investment portal of Leningrad region which includes all up-to-date information for potential investors. Over five years its target audience has expanded and the investment portal was translated to 3 languages – English, German and Chinese so not only Russian, but also foreign investors could receive information. More than once the portal was recognized as one of the best practices due to the quality of presented information, easy navigation and simplicity of provision of information.

The event included not only presentation of the results, but also question and answer discussion during which representatives of companies had an opportunity to ask representatives of the regional Government directly about issues interesting for them.  

In conclusion we would like to quote Dmitry Yalov and repeat his words which set development vector for the following five-year periods: “The mission is clear, the Agency has well-defined benchmarks. Despite such positive words, we are always not completely satisfied with our performance, we always want more and that’s why we plan to improve our work in future for the benefit of investors. The main aim is not to praise ourselves, but to provide final result – new investors.”

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Economic Development Agency of Leningrad Region

 

Address: 64 B Malookhtinsky avenue, office 402, Saint Petersburg, 195112, Russia

Phone: + 7 (812) 644 01 23

Fax: +7 (812) 644 01 23 (ext. 2042)

invest@lenreg.ru 

lenoblinvest.ru

 

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