National projects and investments in Leningrad region were discussed during the Regional Investment Congress in Moscow.
The event dedicated to “The best practices of attraction of investments in the regions” put together representatives of federal and regional authorities, international chambers of commerce, development institutions and foreign investors.
The First Deputy Chairman of the Committee for Economic Development and Investment Activity of Leningrad Region Anton Finogenov presented a report about implementation of national projects in the region, consistent work with investors and the best cases. New growth points of the region create new investment niches discussed at the Congress.
“Last year 44% of GRP of Leningrad region was formed by investments. We reached maximum level of investment activity ever. For comparison: the share of investments in the domestic GDP is about 17%,” noted Anton Finogenov.
Leningrad region has also significantly improved its work with foreign investors. In the second half of 2019 several factories were opened: SEW-EURODRIVE, Henkel, Knauf. 2019 became a very successful year for the economy of Leningrad region in terms of partnership with German business and German-Russian Chamber of Commerce. These are significant projects – business forum Baltic Region – China, Dialogue with the Governor of Leningrad region. AEB and AmCham also actively participated in the investment forum.
During the Congress regions received diplomas with the results of Expert RA ranking. Leningrad region occupied the first place among all Russian regions as the region with minimum risks in financial sphere, 5 place – in terms of investment risk, 9 place – in terms of availability of infrastructure.