What do European companies remember about 2023 and what are their expectations for the next year? This was discussed today at the conference of the Association of European Businesses.
As noted by AEB CEO Tadzio Schilling, despite a serious decline last year, the business expectations index in 2023 has recovered to the 2020 level.
Foreign companies see that the Russian economy is developing positively and are adapting to new realities. As a result, the growth of positive business expectations for turnover and profit in the long term is growing.
The first economic results of the year in the Leningrad region, which were reported by the first deputy chairman of the Committee for Economic Development and Investment Activities, Egor Mishcheryakov, confirm this trend. Industrial production recovered from last year's decline and is showing positive dynamics. And the volume of investments in fixed capital for 9 months of this year is estimated at 421.5 billion rubles, 12.9% higher than last year.
Many foreign companies have changed owners and have now returned to implementing their investment plans. Companies see niches becoming vacant and strive to occupy them. They are actively announcing new projects in the chemical, food and building materials industries.
To speed up the implementation of projects in the Leningrad region, there is a “Green Corridor for Investor” support system, which simplifies and digitalizes procedures and reduces response times. You can register on the investment portal of the Leningrad region.
