Russia's Finance Minister explains how regions should attract foreign investors

In difficult economic conditions, when regional budgets are going through hard times, the Finance Ministry suggests avoiding the accumulation of social costs and focusing on structural measures.

"The thing is that regional governors work with entrepreneurs in order to create favorable conditions. This should be done not at the expense of a budget increase, but at the expense of structural reforms. A businessman should be offered land, infrastructure, and communications. That is the most important thing. The budget shouldn't be used to accumulate costs. Russia's business climate is largely dependent on the activity of regional governments."

Don't miss the updates in Sochi Investment Forum 2014: Live Feed

Read more about the Forum

All rights reserved by Rossiyskaya Gazeta.

More exciting stories and videos on Russia Beyond's Facebook page

This website uses cookies. Click here to find out more.

Accept cookies