The Tomsk Region showed the best results among the regions of the Siberian Federal District in terms of investment attractiveness rating of Russian regions in 2013

The National Rating Agency has issued its regular rating of investment attractiveness among Russian regions.

The investment attractiveness of the region is defined in the National Rating Agency’s rating as a combination of factors affecting feasibility, efficiency and risk levels of investments on the territory of a given region. These factors serve as an active background for all investment projects, implemented on the territory of the region, affect the risk and profitability of these projects.

Rating assessment of the investment attractiveness of a region is being assigned according to a special scale divided into three broad categories with the three levels found inside each category:

Category «the regions with a high level of investment attractiveness»:

• Group IC1 (high investment attractiveness – the first level)
• Group IC2 (high investment attractiveness – the second level)
• Group IC3 (high investment attractiveness – the third level)

Category «the regions with a medium level of investment attractiveness»:

• Group IC4 (medium investment attractiveness – the first level)
• Group IC5 (medium investment attractiveness – the second level)
• Group IC6 (medium investment attractiveness – the third level)

Category «regions with a moderate level of investment attractiveness»:

• Group IC7 (moderate investment attractiveness – the first level)
• Group IC8 (moderate investment attractiveness – the second level)
• Group IC9 (moderate investment attractiveness – the third level)

Rating of investment attractiveness of the regions of Russia in 2013 shows the existence of two distinct reasons allowing the regions to be attractive for investors.

The first reason is the availability in the region of basic advantages being attractive for investors. Such basic characteristics first of all include rich endowment of natural resources, status of a capital city and advantageous geographical position.

The second reason for the growth of investment attractiveness of the region is the purposeful work on the creation of favorable investment climate contributing to attracting of large investors and facilitating the business development. Regions that are doing this work have managed to appear among those with high investment attractiveness, although many of their closest neighbors with similar «starting position» were assigned an average or a moderate rating.

On the basis of 2013 results the Tomsk region was included in the Group IC3 (high investment attractiveness - the third level) along with Kaluga region, Sverdlovsk region, Kaliningrad region, Leningrad region, Krasnodar territory and other regions)

In 2013 the Tomsk region showed the best results among the regions of the Siberian Federal District.

It is necessary to bear in mind that any rating of investment attractiveness depends largely on the statistical data that take into account changes occurring in the region with a certain delay.

Results of the rating of investment attractiveness of the regions of Russia based on the data for the year 2012 are well correlated with the real picture of the activity of foreign direct investors in 2012 (see Figure 1). 18 regions included in the groups IC1, IC2 and IC3 of the NRA rating (category «high investment attractiveness») have jointly attracted more than 71% of the total FDI (foreign direct investment) inflows to Russia excluding offshore investments, whereas the share of the 18 regions with ratings IC7, IC8 and IC9 (category «moderate investment attractiveness») accounted for less than 1.8% of the inflows of FDI in Russia. These figures may indicate that when choosing a region the foreign investors are guided, among other things, by the indicators included in the NRA’s estimation of investment attractiveness of regions.

Figure 1. Distribution of  Foreign Direct Investments excluding offshore across groups of rating in 2012 (Source: Rosstat, NRA’s estimation)

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