The National Investment Climate Ranking is to assess the efforts the regional authorities take to create favorable business environment and is also to identify best practices; its results promote competition for regional investments.
The pilot tests of the National Ranking were carried out in 2014 in 21 entities of the Russian Federation. Full-scale rankings were first compiled in 2015. The measures regional teams take to create comfortable business environment were assessed in 76 entities of the Russian Federation. In 2016, the analysis covered all the 85 regions of Russia. Four of those (the Nenets Autonomous District, the Chukotka Autonomous District, the Republic of Crimea and Sevastopol) were assessed outside the rankings.
The National Investment Rankings were presented at the St. Petersburg International Economic Forum 2016; however, the presentation only covered Top 20. The rest of the regions got ‘cards’ that specify their indicators.
"We want to draw attention to the regions that achieve more, those one can learn a lot from. It’s the today’s imperative to look at those who push the country forward and produce good business support and development practices".
Andrey Belousov, Assistant to the President of Russia
The methodology consists of three key components: indicators; data sampling and processing principles; calculation methodology. When developing the methodology, we took into account the existing Russian and international rankings as well as other investment climate assessment tools.
The indicators of the Ranking have been designed with due account of Russia’s and the world’s best investment climate assessment practices, whereas the 2014 tests were factored in.
The Ranking is based upon 45 indicators grouped into 17 factors that comprise four major focus areas:
The quality of public services, i.e. the efficiency of various services the state provides for businesses: time to complete procedures, the number of procedures, the entrepreneurs’ satisfaction with standard administrative procedures such as legal entity registration, issuance of construction permits, issuance of licenses, property right registration, connection to power networks, etc.
31 additional indicators are used outside the Ranking to analyze their applicability to future rankings as well as to identify best regional practices based on such non-ranking indicators.
Analysis of the 2015 Ranking identified best regional indicator-specific practices in 76 regions. The successes of 18 of these regions were described and formalized by regional experts in cooperation with entrepreneurs and executive officials for further implementation across the country.