Irina Kiviko: The Regional Investment Standard will help the interaction between business community and government

The introduction of the regional investment standard will help the interaction between business community and government. It will be an effective instrument for increasing the investment potential of the republic. The Deputy Chairman of the Council of Ministers – Minister of Finance of the Republic of Crimea Irina Kiviko, reported this.

"The new Regional Investment Standard is based on the best practices of the regions' work with investors and is designed to optimize the interaction of business community with the authorities. It will an effective instrument for increasing investment potential. The Republic of Crimea is ready to introduce a support system for new investment projects this year," Irina Kiviko said.

The Deputy Prime Minister recalled that the Republic of Crimea was among the 30 pilot subjects of the Russian Federation for the implementation of the Regional Investment Standard 2.0. Local business associations will evaluate the quality of the implementation standard. The Russian Union of Industrialists and Entrepreneurs, the Chamber of Commerce and Industry and "Business Russia" are involved in this work.

Business associations jointly form expert pools in each of the regions. During the launch of the region invest standard this year, "Business Russia" will coordinate the monitoring and confirmation process, act as a testing ground for testing procedures and receiving feedback. The work will be carried out in accordance with the methodological recommendations and deadlines collected by the Ministry of Economic Development.

To ensure the standard's instruments meet the needs of investors, the Russian Presidential Academy of National Economy and Public Administration will launch a special educational programme of the "Management skills: Development of regional teams".
They plan to train about 1 thousand people in a year. These are deputy governors, ministers, directors of departments, heads of departments and heads of municipalities.

#The Republic of Crimea #Investment Standard #Investor #Business #Investment Potential