Directions of Investment Attraction in Volgograd Region Under Modern Challenges

Abstract

The importance of investments for the country consists in the economic growth stimulation, attraction of new technologies, increase of jobs and payments to the budgets of various levels of federal system. The article is devoted to the topical problem of investments attraction to Volgograd region and development of corresponding measures for the improvement of the situation in this sphere. In the Russian Federation, investments are distributed unevenly across federal districts and regions. According to the methodology, used by Expert RA company, the bulk of investments is directed to five to seven constituent entities of the Federation, the remaining regions have to make efforts to attract them. In the Southern Federal District, Volgograd region has the fourth place in terms of capital investments after Rostov region, Krasnodar Krai and the Republic of Crimea. According to the Expert RA rating, Volgograd region, like most regions of the country, is characterized by low potential and moderate risk. It is important for the region to make efforts and attract investments from all possible sources: both external and internal. To work with foreign investors, the region needs to use specific measures (personal participation of the governor in project attraction, search for large projects for foreign investors, interaction with the Ministry of Foreign Affairs). The regional administration should pay attention to the successful experience of other regions in investments attraction. The authors suggested measures to increase the investment attractiveness of the region and investment attraction in the near future. They are subdivided into administrative and financial (selective tax evasions). Within the administrative framework, special measures are allocated to attract foreign investors. The regional development strategy for the next period should be project-oriented, taking into account the new industrialization policy.