Penza, 8 December 2014. PenzaNews. All requirements of the standard for local government activity to ensure favorable investment climate will be implemented in the municipalities of the Penza region before July 1, 2015, said Alexei Kostin, minister of investment development and business of the region.

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“We developed guidelines for the standard implementation, according to which urban districts and municipal areas of the Penza region are imperative to develop circulation maps for its implementation, and approve them through debates ofthe members of the council on improvement of investment climate under the head of the administration,” the minister clarified during the meeting on state-authority interactions and entrepreneurship assistance that was held in the Drama Theater on Monday, December 8.

Alexei Kostin added that the implementation of the standard in all municipalities will contribute to a single core framework of investment policy, creating conditions for more comfortable business and the increase of investment openness of local administration.

As the press service of the Penza region government told PenzaNews agency, the local government activity standard ensuring favorable investment climate in the municipalities is a continuation of regional investment standard that had been developed by “Agency for strategic initiatives.”