Volga | Finance, business

Investors deterred by federal problems and avoid investing in regions Governor Belykh

3 Oct '13
Governor Nikita Belykh of the Kirov region (in the Volga area) shared with portal Newsler.ru his opinion regarding investors general unwillingness to take their money to Russias regions.

He believes that there are two problems that must be addressed somehow at the federal level. The first one is a lack of coordination of activities among Russias development institutions (Rusnano, Russian Venture Company, VEB Bank and some other state-owned giants). According to Mr. Belykh, even the top managers of these institutions admit to the fact that theres little or no coordination among them. Each of them establishes relationships with the regions on an individual basisand not always in an efficient way.

Problem number two lies in the low efficiency of the work of federal authorities. Mr. Belykh emphasized that at the moment, any decision that authorities make regarding investment projects is a matter of personal deal, not binding legally. What we need is certain standards described as a set of rules and laws that leave room for no misconstruing, the Kirov governor thinks.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
Find Related Content


Tags: investors (21) / Nikita Belykh (0) /

Latest News: Volga
14 Feb '19 | Technology & innovation
7 Feb '19 | Finance, business | Technology & innovation
30 Nov '18 | Technology & innovation
13 Nov '18 | Technology & innovation
20 Apr '18 | Finance, business | Technology & innovation

Feature stories

29 Jan '19
Russian biologists and biophysicists have developed...
2 Nov '18
Drawing upon in-depth interviews, the book channels...
27 Aug '18
Search (News archive - 21320)
Independent Software Developers Forum
Marchmont News

Latest News

19 Feb '19
The Russian Government earlier this year unveiled...
18 Feb '19
UVL Robotics, a domestic start-up company, is...
15 Feb '19
Scientists at the Far Eastern Federal University in...

Most read stories from last week

18 Feb '19
UVL Robotics, a domestic start-up company, is...
19 Feb '19
The Russian Government earlier this year unveiled...