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).

Sverdlovsk Region  £25

Eduard Rossel,
GOVERNOR OF THE SVERDLOVSK REGION

The Sverdlovsk Region is one of the largest industrial regions of Russia. It
enjoys vast reserves of mineral resources, an advantageous geographical
location, a high level of industrial development, considerable research,
development, and technology potential, a developed market infrastructure, and
highly qualified workforce.

The Government of the Sverdlovsk Region bases its operations on the Chart of the Development and Allocation of Productive Forces of the Sverdlovsk
Region through 2015 and the Concept of Preservation of the Sverdlovsk Region’s Population through 2015, which aim to make the Sverdlovsk Region comfortable for living and working.

Considering the implementation of the first stage of the strategy (2001–2005),
it can be concluded that the main 2001–2005 targets have been exceeded. For
the fulfilment of the second-stage strategic plans of the Chart the administration is constantly monitoring the realization of the strategy and correcting the Activity Charts and, based on them, regional Charts.

One of the major focuses of the Region’s investment strategy is made
upon improving business conditions, efficiently coordinating the operations
of all investment-related state authorities, and removing the administrative
barriers. The Region has accorded priority status to creating conditions conducive to the intensive development of competitive activities, upgrading of fixed assets, and shifting the focus of investment activity to development of production facilities based on modern technologies. The Sverdlovsk Region’s investment policy aims to attract both internal investment resources (including the population’s savings, financial institutions’ funds, and companies’ accrued funds) and direct foreign investments.

The Region is making major efforts to ensure equal and favorable conditions
for new investors through regional legislation and practical steps taken
by executive authorities.

A modern business infrastructure is steadily emerging in the Region: transport, communications, hotels, and exhibition facilities. We are working to improve the efficiency of the market credit and finance system.

Universities and colleges have accorded priority status to preparing qualified
managers for public service and private enterprises.

Information support of investment activity is a focus of our attention. The
Regional Government provides potential investors both with general data on the economic and investment potential and with more detailed information needed to prepare business plans and feasibility studies.

Great import is attached to forming organizations involved in a direct dialog
with investors. These organizations include the Investment Support Fund of the Governor of the Sverdlovsk Region, the Investment Division of the Ministry of International and External Economic Relations of the Sverdlovsk Region, and the Division for Investment Policy and External Economic Relations of the Ministry of Economy and Labor of the Sverdlovsk Region.

The Sverdlovsk Region is economically and financially self-sufficient and
holds one of the leading places in terms of positive balance in relations with the federal budget. I believe that the realization of the Chart for the Development and Allocation of Productive Forces of the Sverdlovsk Region through 2015 and the Conception of Preservation of the Sverdlovsk Region’s Population through 2015 will enable not only keeping the potential in existence but also increasing it many times.

Russia: All Regions Trade & Investment Guide © CTEC Publishing LLC. All rights reserved. This publication is protected by international copyright law. Copying or re-distribution in any form is expressly forbidden without the written consent of the publishers, CTEC Publishing LLC.