Investment strategy 2025 adopted in Yaroslavl region
Local authorities have determined a number of advantages over neigboring regions allowing Yaroslavl to join the group of the Russian regions with the most comfortable environment both for living and entrepreneurship.
July, 23rd the strategy has been adopted by regional government. According to Deputy Governor Dmitry Secretarev, the main goal of the strategy is to create a congenial investment climate in the Yaroslavl oblast.
Secretarev believes that at the moment, the Yaroslavl region has a number of undisputable advantages over neigboring regions - high scientific and educational potential, developed financial system, ready-to-use transport and energy infrastructure, advantageous geographical location and historical heritage. Relying on them, the Yaroslavl region should join the group of the Russian regions with the most comfortable environment both for living and entrepreneurship.
Currently, the level of investment is 23-25%% in the GRP structure, 88% of them is made by the Russian companies. Level of foreign investment remains low. Implementation of the strategy should result in increase of foreign investment volume bringing it up to 30% by 2025.
According to the strategy, by 2025 capital investment should hit 281.7% level, industrial production index will be 116%, agricultural production index will be 117%, number of visiting tourists will reach 5.7 million per year, revenues of the consolidated budget will amount to 4,776 million rubles.