St. Petersburg demonstrates an increase of investment in fixed assets

For 9 months of 2020, the growth index of investments in fixed assets of St. Petersburg has demonstrated an increase of 5.5% compared to the same period in 2019.

“According to the Petrostat official data, 447 billion roubles have been invested in the economy of St. Petersburg over the past three quarters, which is 105.5% of the amount for the analogous period last year,” said Roman Golovanov, Chairman of the St. Petersburg Investment Committee. “At that, the greatest growth is demonstrated in such sectors as health care and social services, transport and logistics, education and information”.

Despite the anti-epidemic restrictions that were put into effect in 2020, the government of St. Petersburg has developed and introduced three packages of support measures for entrepreneurs, which are designed to reduce financial losses for companies, optimize the tax burden and help preserve jobs.

Despite the crisis, the effective work of the city with investors is confirmed with expert assessments and high world credit ratings. Thus, in 2020, St. Petersburg improved its position in the ASI National Investment Climate Rating.