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Chukotka improves position in national investment climate rating

Chukotka improves position in national investment climate rating
Photo: pixabay.com

Chukotka AO has risen in the National Investment Climate Rating in the constituent entities of the Russian Federation. The region took the 78 line of the rating, having improved the result of the 2018 year by 4 position.

According to the press service of the regional government, the integral index of Chukotka increased by 15 units with an average Russian value of 7,3 and amounted to 230 points. Of the 44 rating indicators, the region improved its position on 8 indicators, and on 14 received the highest rating (group “A”), which is 1,6 times higher than last year.

The region was noted for measures of state financial support and for evaluating procedures for obtaining rental space for small businesses. And the decline was due to administrative pressure on the business. According to businessmen, the number of control measures has increased.