Translartion. Region: Russians Fedetion –
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
March 7, 2025
Alexander Novak, together with Deputy Chief of Staff of the Presidential Executive Office of Russia Maxim Oreshkin, held a meeting on the development of a national model of target conditions for doing business.
“The President has set national development goals, and one of the key tasks is to ensure that the economy grows at a rate higher than the world average and maintain fourth place in the world in terms of purchasing power parity. To do this, we need to achieve sustainable growth rates and increase the volume of investment in fixed assets by 60%. One of the areas of work to achieve these indicators is the constant improvement of the investment climate. On the instructions of the President, the Ministry of Economic Development, together with the Agency for Strategic Initiatives, is developing a national model of target conditions for doing business,” said Alexander Novak.
The national model includes priority areas and target indicators at the federal and regional levels to simplify the launch and operation of a business in Russia.
“The Government is currently developing a plan for structural changes in the Russian economy in order to remove restrictions that prevent rapid growth. Target conditions for doing business are one of the key elements of this work. Our task is to reduce losses, unnecessary steps and ineffective stages along the investment process,” said Maxim Oreshkin.
“The goal of the national model is to solve specific problems of improving the business climate through reforms that businesses need. To measure changes, it is necessary to develop target indicators of efficiency at the federal and regional levels. That is, to determine the criteria for assessing the activities of government bodies in working with businesses. At all stages – from registering a legal entity to entering the international market,” said Maxim Reshetnikov, head of the Ministry of Economic Development.
The Minister noted that the formation and implementation of the national model play a key role in the plan of measures for structural changes in the economy until 2030. The implementation of the model will affect not only the provision of a favorable institutional environment and improvement of the business climate, but also the solution of other strategic tasks. For example, stimulating investment, providing financial resources for economic growth, and developing the labor market.
11 working groups headed by representatives of companies and government bodies are engaged in identifying procedural and process-related difficulties in doing business at various stages of the life cycle of enterprises. The first results have shown that there are both long-standing issues and promising areas for reform.
For example, these are bankruptcy and competition laws, out-of-court settlement mechanisms, issues of labor market flexibility, diversification of business financing sources, and improvement of law enforcement practices in energy infrastructure.
Svetlana Chupsheva, Director General of the Agency for Strategic Initiatives, reported on regional indicators of the national model of target conditions for doing business. She focused on the methodology for determining and monitoring target indicators at the regional level.
“At the regional level, it is planned to use 29 key indicators of the National Investment Climate Rating. The average results of 20 leading regions were taken as benchmarks by 2027, and the results of the leading five by 2030. We plan to approve them at the next meeting of the State Council Commission on Investments. Then, together with the Ministry of Economic Development of Russia and the regions, we will develop action plans to achieve the set goals,” the head of ASI said.
Federal indicators will be reflected in regional ones for mandatory implementation at the local level. Thus, the rating will remain a tool for measuring the state of the investment climate. And the model will determine where and what problems need to be solved in order to improve the conditions for business operations.
Representatives of regions, business associations and federal agencies also took part in the meeting.
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