Representatives of business and authorities told how to develop economy of Russian regions

16:17, November 27, 2017

Experts shared their experience of working in conditions of severe restrictions

Representatives of the authorities and business of the Sverdlovsk, Chelyabinsk and Tyumen regions told how they work in conditions of severe economic restrictions.

During the round table «Vector of the Russian Territories Economy Transformation» at the XII International Conference «Russian Regions in the Focus of Changes», experts shared their experience in creating and implementing development strategies and industrial policy, project management in government authorities, reviving the investment process.

According to the director of the Department of Economics of the Tyumen region Olga Prostneva, for the past 10 years the volume of investments has increased three-fold: from 87 billion rubles in 2006 to 260 billion rubles in 2016.

The share of investments in the producing sector has significantly increased: in 2006 — 26% of investments in the industry, 2016 — more than 70%. At the same time, the structure — sources of financing have changed: the share of budgetary funds has decreased from 52% in 2006 to 7% in 2016. As a result, active investment policy helped achieve high growth rates of the industry (the Tyumen region is ranked first for the past 9 years).

Olga Prostneva explains, «What made it possible to achieve such indicators and what helps to achieve confidence in the future? What from our point of view will provide additional inflow of investments and attraction of investors to our region? This is a system for supporting investors and working with investment projects. We formalized it in seven steps of working with investors»

The «seven steps» project presupposes such measures as: the creation of a system for project interaction among all participants in the investment process, the formalization of the rules for supporting investment projects, monitoring the work done, the formation of project teams, the introduction of an indicator of the effectiveness of the administration, the assessment of the work of the business community by representatives of the authorities and other items.

Reference

XII International Conference «Russian Regions in the Focus of Changes» (November 16-18, 2017, Ekaterinburg).
Organisers: Ural Federal University, Graduate School of Economics and Management, Analytical Center «Expert», Expert Ural Business Magazine.

For many years the conference has been one of the biggest discussion platforms in the Urals covering issues of regional development and involving representatives of executive authorities, academia, medium and large industrial business leaders from different regions. Every year leading Russian economists take part in the conference.