Investment portal of leningrad region

Economy of the region is growing

Economy of the region is growing

Economic team of the Administration of Leningrad region summed up the results of its work in 2018 and defined tasks for 2019 during a report session.

Deputy Chairman of the Government of Leningrad Region – Chairman of the Committee for Economic Development and Investment Activity Dmitry Yalov compared indices of Leningrad region with Chinese provinces similar to the region in terms of their size: Leningrad region shows superior results concerning the most non-inertial direction – investments. Another significant indicator is ratio of the volume of investments – 467 billion rubles to the gross regional product of the region – 1 trillion rubles. Besides, industrial production index of the region is steadily growing.

Leningrad region launches large pilot projects within the frameworks of many federal programmes. A project on e-registration of legal entities was implemented. Socio-Economic Development Strategy of the Region was linked with governmental programmes, strategic priorities were defined.

A unified system of business support was established in the region. In 2018 Fund for Support of Entrepreneurs and Industry, Microcredit Organization was established in addition to already existing support infrastructure. Export Support Centre was also established in the structure of Industry Development Centre.

Reengineering of public administration processes was defined as one of the main priorities for 2019. “One of our important tasks is to carry out reengineering of inner processes. We have actively and successfully carried out work aimed at removal of external administrative barriers for business and now we should re-build work on inter-departmental interaction: we need to eliminate duplication of functions and reduce time required for documents transfer. At the first stage we are planning to optimize more than 20 governmental processes and procedures in order to increase work efficiency,” said Dmitry Yalov.

Another important direction is digital communication with the regional authorities available to all citizens of Leningrad region.

As it was noted, recently the Ministry of Economic Development of the Russian Federation declared Leningrad region the leader among the regions in terms of the quality of its investment policy.

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