Krasnodar Region has risen to sixth place in the rating of the of the investment climate in the constituent entities of the Russian Federation.

Veniamin Kondratyev, the Governor of the Krasnodar Region told reporters how the region attracts investors.

Today, President Vladimir Putin chaired a meeting of the Supervisory Board of the Agency for Strategic Initiatives. At the event, the national rating of the investment climate in the constituent entities of the Russian Federation was announced. The region took the sixth place in it, having risen by 7 positions compared to 2019.

- In my opinion, we have returned to the sixth place in the rating, first of all, thanks to new approaches of working with business - both those already working in the region and those who just want to invest in our region, - Veniamin Kondratyev stressed, commenting on the rating.

The Governor noted that the Krasnodar Region has improved the system for supporting investment projects, did everything to reduce the administrative burden on business, remove barriers that prevent entrepreneurs from feeling comfortable.

Today, more than 430 large investment projects are being implemented in the Kuban for a total of 1.8 trillion rubles with the creation of 68 thousand jobs.

According to the results of the first quarter of 2020, 60.1 billion rubles of investments in fixed assets were invested in the regional economy with a growth rate of 6.4% over the same period last year. The greatest investment activity was noted in manufacturing, transportation and storage, and agriculture.

Press service of the Administration of the Krasnodar Region