Russian Union of Industrialists and Entrepreneurs

Russia: All Regions Trade and Investment Guide - a Project of the Council for Trade and Economic Cooperation (Russia - USA).

Khanty-Mansiysky Autonomous District – Yugra   £25

Alexander Filipenko,
GOVERNOR OF THE KHANTY-MANSIYSKY AUTONOMOUS
DISTRICT – YUGRA, CHAIRMAN OF THE GOVERNMENT
OF THE KHANTY-MANSIYSKY AUTONOMOUS DISTRICT – YUGRA

At present the Khanty-Mansiysky Autonomous District – Yugra enjoys one
of the most stable economies in the Russian Federation and provides a
considerable part of the tax revenues of Russia. Russia’s largest fuel and
energy production sector was created in the District, which accounts for the bulk of hydrocarbons and electricity output.

The District is one of the leaders of the Russian rating of basic investment-related criteria due to its enormous natural resources, powerful production potential, and industrial and social infrastructure. The Government of the Autonomous District pays special attention to forming a favorable investment climate here.

Political stability, consistent and continual positive economic changes,
effective cooperation of executive and legislative bodies, and a well-developed
municipality system make the greatest contribution to investment appeal of the
Khanty-Mansiysky Autonomous District for Russian and foreign business partners.

The District has strengthened its position and progressed in the social and
economic development to a great degree for the last several years, alongside
with a considerable contribution to the economy of the country and raising the
life standards not only of the residents of Yugra, but of all citizens of Russia. We can be proud of a high birth rate, increase in life expectancy, and rise of social optimism of Yugra people.

Large-scale programs of enterprise support are implemented in the District,
helping form a favorable economic environment and encouraging steady
activities of small and medium businesses, which are one of the most important factors contributing to social stability.

The Government of the Khanty-Mansiysky Autonomous District pays special
attention to implementation of the governmental pricing policy, as well
as its financial policy, i.e. strengthening of the banking, currency, and credit
systems. The District’s Government and municipal authorities are pursuing
a policy with a strong focus on the social sphere.

A well-developed and well-equipped network of modern roads, railroads
and inland waterways, as well as intensive air communication with Russian and foreign cities are a key factor providing for effective inter-regional integration and strengthening of diverse economic links. Foreign and Russian businesses are more and more interested in the District due to its solid positive repute, available opportunities of business cooperation, and a favorable investment climate.

In March 2007 the Standard & Poor’s international rating agency increased the
long-term rating of the Khanty-Mansiysky Autonomous District – Yugra concerning long-term obligations in foreign currency up to BBB– and, on the Russian scale, up to ruAAA. As to probable changes in the rating, it is estimated as stable.

I am positive that Yugra has great opportunities for implementation of
highly profitable projects important for the District’s development and Russia’s
prosperity. The level of the development of Yugra and its economic potential and HR resource allow implementing the most daring projects. Therefore we are open for cooperation and face the future confidently.

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