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Annual meeting of the Government of the Leningrad Region with the Association of European Business


100% of foreign companies assess the investment environment of the Leningrad Region positively.

At the same time, 88% of European companies localized in the Leningrad Region plan to continue investing in the region.

These results of the investment environment study were announced today at the annual meeting of the investment team of the Leningrad Region with the Association of European Business.

The overall assessment of the investment environment of the Leningrad Region has received significant positive dynamics compared to 2020: the number of investors who consider it excellent has increased from 15 to 46%. The number of investors planning new investments in the regional economy increased by 3% - from 85 to 88%.

In general, in 2021, 75% of respondents noted an improvement in the investment environment. For comparison, in 2019 only 55% of companies gave the same answer.

Other significant results, which 100% motivate all our specialists: 

93% are familiar with the Economic Development Agency of Leningrad Region (EDALR).

74% consider the work of EDALR close to ideal!

We still have a lot to work on, but to see that our work is visible and highly appreciated is invaluable!

Growth zones were also noted. In particular, improving interaction between committees, as well as regional and municipal authorities, accelerating the process of obtaining permits.

The head of the economic block Dmitry Yalov agreed with the assessment, called it realistic and noted that work was underway with the noted problems.

In particular, the director of EDALR Anastasia Mikhalchenko spoke about the introduction of the "green corridor" and the investor's personal account, which will guides the process of supporting investment projects to a new level.

The ESG trend has become an important part of the meeting agenda as well. First Deputy Chairman of the Committee for Economic Development and Investment Egor Mishcheryakov spoke about the regional energy transition project.

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