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Penza region to create area investment rating

19:49 | 27.07.2015 | Economy

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Penza, 27 July 2015. PenzaNews. The Penza region will create a quarterly investment rating of municipal and city areas after an order the acting governor Ivan Belozertsev gave his subordinates during a regular meeting session of the regional government on Monday, July 27.

Penza region to create area investment rating

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The transition of work with investments to municipal authority level is one of the main objectives, the acting first deputy chairman of the regional government and acting Minister of Investment Development and Foreign Trade of the Penza region Vladimir Volkov pointed out in his report.

“The municipal investment standard in the Penza region has been developed and is currently undergoing the application process,” he noted.

According to him, the investment activities in the nearest future will be also stimulated through development of state-private partnership.

“This field of work gets a lot of attention, with legal acts and a deadline to form a list of potential projects for state-private partnership by the end of the year,” said the acting deputy head of the regional government.

The investment volumes in the Penza region have been growing since 2010 in spite of decrease in state investments, Vladimir Volkov added.

“In the last two years, we reached the investment levels of twice our regional budget,” he noted.

According to Vladimir Volkov, the current Q1 results are 0.5 billion universal money units larger than the investments in the same period last year, which is nevertheless 15% below the previous levels in actual money cost.

“Our struggle in the regional field of agriculture and food processing bore fruit. The Q1 investments are 41% in agriculture, and food is 35% in industry structure. So see these two main fields as opportunities to maintain investment levels on acceptable margins for our economy,” he concluded.

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