Moscow, St. Petersburg Near Bottom in Regional Investment Rating

Kaluga region has been rated Russia's best region for investment out of 21 regions evaluated by Kremlin-aligned think tank Agency for Strategic Initiatives, while the country's economic centers, Moscow and St. Petersburg, trailed at number 17 and 20 respectively.

The pilot study, published on the agency's website, gauged the investment climate in 21 of the Russia's 83 federal districts, issuing ratings according to four sets of criteria — regulatory environment, institutions for business, infrastructure, and support for small and medium businesses — on a scale of 1 to 5. These ratings were then averaged out and regions were then assigned tiers from I to V, with V being the lowest on the scale.

Kaluga — a special economic zone that has a long-standing reputation for being friendly for investment — was the only region surveyed to score top marks in all four categories. Meanwhile, Moscow and St. Petersburg trailed the pack. Moscow, designated a tier IV region, placed 17 on the overall rankings. St. Petersburg — Peter the Great's "window to the West" — fared even worse and was designated a tier V region, placing 20 overall, besting only Primorye region on the Pacific coast.

The results of the pilot test on 21 regions

Ratings according to criteria

RegionOverall ratingCriteria A:

Regulatory environment
Criteria B:

Institutions for business
Criteria C:

Infrastructure
Criteria D:

Support for small and medium businesses
1Kaluga regionI1111
2Ulyanovsk regionI2141
3Krasnoyarsk regionI1213
4Republic of TatarstanI2321
5Kostroma regionI2232
6Tula regionII2233
7Кrasnodar regionII1424
8Tomsk regionII3432
9Altai regionII3145
10Vladimir regionIII4334
11Rostov regionIII3425
12Chelyabinsk regionIII4432
13Leningrad regionIII5125
14Samara regionIV4451
15Khabarovsk regionIV5333
16MoscowIV5324
17Republic of SakhaIV5431
18Sverdlovsk regionV4524
19Stavropol regionV4542
20St. PetersburgV5523
21Primorye regionV5555

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