Tatarstan emerges as hotspot for foreign investments

The Republic of Tatarstan
The Republic of Tatarstan replaced Kaluga region in the Investment appeal rating, which is constituted on the basis of poll of the German companies working in the Russian Federation, according to Moscow chairman of the Russian-German Chamber of Commerce Michael Harms.
According to the poll, which has been carried out by the Chamber among German businesses in regions, the second and the third places went to Sverdlovsk and Ulyanovsk oblasts.

The rating was made on the basis of an assessment of objective and subjective criteria. Objective criteria included economic capacity of the region, transport accessibility, accessibility of power sources, raw material resources, IT infrastructure, prices for the land, tax privileges and others. Subjective criteria were level of bureaucratic barriers, political stability, professionalism of administration, personnel skill level, respecting the rule of law and others.

“We can see that leadership is drifting from the Central federal district more to regions,” Harms, said. According to him, Volga federal district looks especially good – 3 regions took the first six places in the rating.
It’s worth saying that Moscow area is now out of rating, despite of the fact that it took the third place in the rating in 2010.

“The main problems for German businesses in the Russian regions are tall bureaucracy of all processes in Russia, shortage of qualified personnel, customs administration, technical norms, questions of migratory and visa policy.”

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