Tatarstan attractive Russian province for foreign investments

An expert at Deutsche Bank has given an assessment of the Russian government’s anti-crisis programme and named the most promising Russian territories for foreign investments, including the Republic of Tatarstan. The Industry and Trade Ministry’s press service said it in a statement.

The Deutsche Bank Research centre has published a study of investment climate in Russian regions. The study includes 9 regions that, based on various indicators, have the most attractive investment climate. They are Moscow, Saint-Petersburg, the Krasnodar region, Samara, Nizhny Novgorod and Rostov regions, as well as Tatarstan and Bashkiria.

When asked why the list did not include Siberia regions, where most of the mineral reserves are located, the expert said the regions had a potential but the risks for foreign investors were considerably higher. “They are administrative risks, environmental risks, as well as risks related to crime,” he noted. Dealing with raw materials is dangerous anywhere in the world, concluded Torsten Nestman, be it “in Russia, Nigeria or Angola”.

The Deutsche Bank study’s authors advise international investors to concentrate on the leading regions, as well as on special economic zones, which potential are estimated as quite high, although investment there is quite low.