At the Global Entrepreneurship Congress, which took place in the Russian capital in the middle of March, the Head of the Department for Economic Policy for Moscow, Maxim Reshetnikov, presented the Unified Investment Portal for the City of Moscow.
“This Portal will give entrepreneurs the opportunity to see in real time which areas the City is opening out to tender,” the Department Head pointed out.
“Currently in Moscow there are auctions for more than 300 sites to an overall value of around 45bn roubles”. At the Department for Economic Policy, it is suggested that this new internet resource will greatly simplify doing business for investors, Westerners included: an English language version is also available at the click of a mouse.
Indeed, developed in close cooperation with investors and business experts, the investment portal will meet all the needs of the business community and immeasurably ease interaction between business and state authorities. The portal keeps visitors up-to-date with the Moscow City Government’s economic policies devoted to supporting entrepreneurs, stimulating business activity, and increasing the attractiveness of the City Region to investors. Posted on the site is information regarding meetings of the Headquarters for the Protection of the Rights and Legitimate Interests of Businessmen, and the activity of investment attraction organisations. Furthermore, thanks to the portal, communication between the business community and the City authorities is becoming a two-way process: the feedback form proposed on the site allows entrepreneurs direct access to officials invested with decision-making authority, and, in such a way, to participate in formulating the Russian capital’s investment policy.
Set out on the website is all the information necessary to the successful conducting of investment business in the Russian capital. In the “Investments” section, key socio-economic and investment indicators for Moscow are listed and analysed: around 200 indicators from authoritative Russian and international sources. In the “Investor Guide” section, all the most important instances where business and government interact are described in detail; procedural matters are clarified, legal nuances are discussed, etc. The “Projects” section features an interactive map of investment projects in Moscow. The automated search engine will help you to locate the right project instantly, using certain criteria. On display are up to 11 infrastructure and public welfare schemes including healthcare, engineering, culture, education, and more.
The section entitled “Auctions” constitutes a unified, interactive trading platform for property in the Russian capital. This features an interactive map and keyword-based search engine. All the necessary information regarding the specifications of each property site and the auction process involved is made available. Testimony to the importance of this section is the fact that 454 property sites in the capital were realised in 2013 alone.
Under the “Events” section, several observations are made every day on what is catching the public’s attention in terms of goings-on in the Moscow business world, new decisions by the Moscow government to help increase entrepreneurial activity, and the forums and conferences that are taking place.
A separate section is devoted to business support. There you are able to find out about financial and non-financial help for your projects, the amounts and procedures involved, as well as about subsidies, concessions, guarantees, loans, and other forms of business assistance. Also in this section of the portal, one can familiarise oneself with the fundamentals of the regulatory framework safeguarding the rights of investors.
The Unified Investment Portal may have opened only very recently, but it has become highly rated in business circles and by Western investors already.