Irina Kiviko: Crimea became one of the pilot regions on the introduction of a new investment standard

The Republic of Crimea is among the 30 pilot subjects of the Russia Federation on the introduction of Regional Investment Standard 2.0. It is based on the best practices of the regions’ work with investors and is designed to optimize business interaction with authorities.
Deputy Chairman of the Council of Ministers – Minister of Finance of the Republic of Crimea Irina Kiviko reported about that, following the meeting that was held by First Deputy Prime Minister of the Russian Federation Andrei Belousov on the introduction of the Regional Investment Standard issues.

"In 2022 it is necessary to approve a new investment declaration and to determine the functionality of the Investment Development Agency, to create an investment committee, and to begin developing investment map of the republic", Irina Kiviko said.  
The Deputy Prime Minister noted that the functions of the Investment Development Agency will be performed by the Crimea Development Corporation, the functions of which will be expanded. 
According to her, the Ministry of Economic Development of the Russian Federation has been approved methodological recommendations on the preparation of the Regional Investment Standard. They are based on the best practices of subjects’ work
with investors.

The introduction of investment standard, as it is expected, will increase the efficiency of the national goal achievement, to ensure effective regional investment growth in fixed assets in the regions by 70% until 2030 compared with indicators of 2020.  

This year is planned to approve the algorithm of the second phase of investment set rules, which are being included optimal terms and procedure for connection to road infrastructure, heat and gas supplies, as well as getting support measures. 

The Ministry of Economic Development of the Russian Federation together with the Agency for Strategic Initiatives and business organizations, the Russian Union of Industrialists and Entrepreneurs, "Business Russia" and the Chamber of Commerce and Industry of the Russian Federation will be estimated the introduction of the new regional investment standard. 

The Regional Investment Standard is the support system of a new investment projects in the regions of the Russian Federation that should include the creation of investment declaration of the region, investment committees, the development and launch of the investment subject map, the introduction of the new regional investment set rules.