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In this part of the site we tried to take into consideration the potential investor’s needs for information about the legal framework for business in the region, about the order of realization of investment projects and the procedures for their coordination.
The main branches of the Leningrad region’s industry are the fuel industry, the chemical-petrochemical industry, the timber, wood working, pulp and paper industries, and the engineering-metal working industry. The output of the production-technical purposes is more than 85% from the total output of industrial production.
There are more than 300 large industrial enterprises in the region. Since the territory of the region surrounds Saint Petersburg, it is closely tied to the industrial potential of the city.
The economy of the region is largely based on the use of local natural resources of timber, peat, bauxite, bituminous shale, phosphorite, non-ferrous materials. The Government of the Leningrad region is interested in the establishment of new, mutually advantageous economic relations between enterprises and organizations of different regions. It is ready to examine any suggestions to provide the most favorable conditions for the industrial enterprises, organizations and commercial structures.
The Leningrad Region is one of the most attractive regions of Russia Federation for investment. Exceptional geopolitical position, natural-resources, industrial, scientific, technical and intellectual potential are significant advantages enjoyed by the region. Also – the region’s legislation guarantees investors the creation of convenient legal and information conditions for conducting business.
In the second half of the 1990-s several regional laws were adopted which guarantee the region’s support and the protection of investors: “On privilege taxation of enterprises and organizations situated on the territory of the Leningrad Region” (1994), “On Investment Activity in the Leningrad Region” (1997) and amendments, “On economic development zones” (1997) and others.
The investment package includes around 100 large projects and around 200 projects in the field of small and medium sized businesses. The general region’s need for investment exceeds 10 billion US dollars. |