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Ulyanovsk region was awarded an international award for improving the investment climate

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January 11, 2016

This was announced by Governor Sergey Morozov on January 11 at the first meeting after the holidays with members of the regional Government.

As the head of the region said, the results were summed up at the end of 2015 in Moscow. The award was initiated by the World Organization for Development, an international non-governmental organization with special consultative status with the UN ECOSOC. The choice of regions is based on the indicators of the National rating of the state of the investment climate in Russia, conducted by the Agency for Strategic Initiatives to promote new projects.

According to Alexander Smekalin, First Deputy Chairman of the region’s Government, the Ulyanovsk region was awarded a silver award in the nomination “For Contribution to Improving the Investment Climate in the Russian Federation”.

In addition, the gold award in the nomination “Investor of the Year” was received by Bridgestone, “Technological Investor of the Year” – LLC “Ulyanovsk Machine Tool Plant” (“DMG Mori Seiki”).

“It is not the first year that the Ulyanovsk region has been confidently holding a leading position in the ratings regarding the favourable investment climate and conditions for doing business and has received various awards in the relevant categories. For example, in 2012, Ulyanovsk became the winner in the first and the only subnational ranking of the World Bank Doing business in Russia. In 2013, the consulting agency KPMG and the Russian Union of Industrialists and Entrepreneurs ranked our region among the entities providing the best conditions for investors in Russia. In 2014 and 2015, the Ulyanovsk region confidently kept at the top of the National rating of the state of the investment climate. Another high rating confirms the correctness of the chosen course for close cooperation with international and Russian partners,” Alexander Smekalin said.

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Recall, speaking with the Investment Message for 2016, Governor Sergey Morozov noted that the volume of attracted investments over the past 11 years has increased by 6.5 times. “Only in the first 11 months of 2015, the volume of investments in fixed assets for the full range of enterprises is 69.6 billion rubles, which is 16.4% more than last year. At the end of the year, we plan to reach an index of over 100% and an investment of at least 90 billion rubles,” the head of the region said.

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