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Georgy Poltavchenko: Petersburg remains a profitable place to invest

The Governor stressed that St. Petersburg continues to remain a favorable place to invest. Just the other day reputable Russian Agency "Expert RA" has confirmed the leading position of the city in the annual rating of investment attractiveness of regions. National rating Agency has raised the investment rating of the city by the end of 2014, including St. Petersburg, along with Moscow, in the group with the highest investment attractiveness. Thanks largely to the Petersburg Russia rose to 62nd place in the rating Doing Business-2015.

Today the city has 18 major investment projects with a total funding of more than 37 billion rubles. Implemented or are preparing more than ten projects on a PPP basis. In the past year in the factories of Toyota and Nissan introduced new shop stamping body parts and plastic products – thereby significantly increased the degree of localization of the St. Petersburg automotive cluster. Largely due to the success of our pharmaceutical cluster in the North-Western Federal district occupies the 1st place in the nation in rate of growth of production of medicines. And in terms of production of medicines in St. Petersburg has risen on 4-e a place in Russia. The products of St. Petersburg cluster in the total volume of the Russian market is 6.2%.

The city government continues to improve the investment climate. Georgy Poltavchenko recalled that at the initiative of the city government the Legislative Assembly of St.-Peterburgian a package of draft laws on tax incentives for investors. It greatly expands the number of companies from 1 January 2015 will be able to take advantage of the benefits. Much has been done to reduce administrative barriers. "Among the priorities of the upcoming 2015 – reducing the time of passing the business of certain procedures in the Executive branch. They must comply with the best European and world practices", – said Georgy Poltavchenko.

In St. Petersburg, developed an Investment strategy. In addition, the investments Committee no later than mid February 2015 to complete the Plan of anti-crisis measures aimed at stimulation of investment activity taking into account the effect of sanctions and currency fluctuations.

During the meeting the Governor answered questions from investors, supported the proposals concerning the simplification of the investment process, accelerating the implementation of approved projects.