Veniamin Kondratyev: “Lack of bureaucratic barriers – best way to enhance investment appeal in the region”

Further to the meeting of the State Council held on November 14, 2016 in the city of Yaroslavl under the chairmanship of Vladimir Putin, the Governor of Kuban told journalists about the factors impacting the improvement of the investment appeal.

The head of the region reminded that Krasnodar region retained its seventh place within the National rating of investment climate status of the constituent entities of RF, as reported by the Press-Service of the regional administration. 

– This only proves that everything that is done in the service provision area and in terms of reducing bureaucratic barriers for the business contributes to comfort existence and operation of the investor in our region, - emphasized Veniamin Kondratyev.

At this, the Governor noted that every investor is valuable and important for Kuban. 

– It is difficult to say now, what has the highest priority. Everything that yields dividends is important for the region. This, definitely, includes an agro-industrial complex, a resort sector and processing. We should clearly understand that the investments are not just simple words; workplaces, taxes, and everything that would enable the authorities to fulfill their social responsibilities – are behind these words. Perhaps, this is the most important that the investors and investment policy provide us with today, - commented the head of the region.

Veniamin Kondratyev also outlines the problem of bureaucratic barriers in the investment policy.

- Lack of bureaucratic barriers – the best way to enhance the investment appeal in the region. This influences the decision of the investor to enter the region or not. And, even our internal investor assesses the prospect of placing the investments in a guaranteed and safe way. And, here we face the bureaucratic barriers, fiscal barriers and barriers from supervisory agencies – all this creates a problem that we have to tackle. This involves personal responsibility of managers from different structures and regional and municipal authorities. By neglecting which, as said the President, might result in a dismissal, - accentuated the Governor.

The head of the region also commented the proposal to elaborate affordable for entrepreneurs investment roadmaps that was articulated in course of the meeting of the State Council. According to Veniamin Kondratyev, this concept includes, inter alia, the initiative of Krasnodar region to introduce a single portal on the untapped state property facilities that will enable to generate privatization programs with due account of business interests.

- Today we should principally understand what state and municipal property stands for. Thus, the step towards the inventory of municipal and regional property, that I was talking about, - is also a step towards the improvement of the investment climate. In order to ensure that the investor is aware of what is being sold far before the bidding process starts. At least, one year in advance we could announce what we are planning to sell so that the business could reasonably get prepared for the bids, - underscored the Governor.

Source - Investment portal of Krasnodar region