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Vladimir Putin: Yakutia is one of the best regions to attract investment

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The head of Yakutia, Egor Borisov, took part in the final meeting of the Russian State Council this year, chaired by President Vladimir Putin, held in the Kremlin, and was entirely devoted to investment policy in the regions.

"Increasing investment and entrepreneurial activity is, undoubtedly, an economic task, the basis of economic growth and strengthening of the revenue base of the regions. But this in the full sense of the word is a political task. Because it creates, increases resources for the development of health, education, the social sphere in general, to implement programs to improve the urban environment, the implementation of environmental projects,”  Vladimir Putin said in the beginning of his speech.


Vladimir Putin noted that much in the investment dynamics depends on regional management teams. The president posed an argument said that, in spite of the crisis phenomena and the reduction in the volume of capital investments in the country as a whole (by 7.9 percent), on the contrary, the growth of investments in fixed assets was recorded in 21 regions. Moreover, this growth was almost 40 percent in real terms in the 10 top federal entities. Among the leading regions in attracting investments, Putin named Yakutia, Kabardino-Balkaria, Yamalo-Nenets District, and also the Amur, Arkhangelsk, Vologda, Kaliningrad, Leningrad, Murmansk and Tula regions.

Commenting on the results of the meeting, Egor Borisov said that in the republic in the past year, a lot of work was done to improve the investment climate, including the implementation of twelve target models of increasing investment attractiveness.