Favorable geographical position. Voronezh Region connects Europe and Asia, being situated at the crossroads of North – South and West – East transport corridors. There are wide opportunities for border cooperation with Ukraine.
Developed transport infrastructure. An international airport lies not far from Voronezh. South-Western railroad crossing the region connects the center of the European part of Russia with North Caucasus, Volga region, Ukraine and Eastern part of Russia. Several large federal motorways pass through Voronezh: Moscow – Novorossiysk, Moscow – Astrakhan, Kursk – Saratov. Liskinsky River Port is functioning in the Region. The main water artery - Don River - provide a navigable link to the Sea of Azov, the Caspian and the Black Seas.
Voronezh Region is the largest one in the Central Federal District (after Moscow Region) in its territory, population, and economic potential.
Rich personnel and scientific potential. Voronezh has a population of about a million, one third of which has got higher education. Voronezh is one of the leading Russian regions in the number of students – over 133,000 students study in state or private Universities. Voronezh universities cooperate with the largest companies. The East-European Siemens center operates on the basis of Voronezh State University (VSU).
Wide range of preferences on behalf of Voronezh regional government, which in the Governor’s name warranties all-round support to the companies implementing investment projects in the region.
State (regional) support of investment activities:
Tax benefits in regard to the taxes payable to the regional budget, as well as changing the dates of payment in the form of deferral or installment, tax credit and investment tax credit
Preferential terms of land use and use of other natural resources, not inconsistent with federal law
Rental of premises and other regional on favorable terms
Restructuring of payments to the regional budget, including previously granted credits and loans
Information support for investment activities
Participation in the development of investment projects
State (regional) warranties on investment projects (on a competitive basis) at the expense of the facilities of the regional pledge fund and the regional budget
Subsidies from the regional budget for the payment of interest on loans of Russian credit organizations involved for implementation of investment projects under the Voronezh Region economic and social development program, the regional target programs
Budget loans in accordance with applicable law
Co-financing from the regional budget of construction of social and engineering infrastructure
For the convenience of investors a transparent procedure for obtaining preferences has been developed , as articulated in the principle of "5 steps":
conclusion of investment agreement
preliminary approval of the facility′s location
assignment of the priority status to the facility
inclusion of the object into program of economic and social development of Voronezh Region
conclusion of the contract forthe implementation ofinvestment activities
Voronezh Region Investment Attraction Agency has been founded to simplify the procedure of obtaining approvals from various authorities; it works on the “single window” principle. The Agency assists with selection of investment grounds for accommodation of production facilities, accompanies investment projects from the very start, interacts with the authorities and sectoral organizations on implementation of investment projects.
3 specialized industrial parks have been formed in Voronezh Region: machine-building and metalworking park ("Maslovsky"), agro-industrial park ("Bobrovsky") and construction industrial park ("Khokholsko-Semiluksky"). The parks′ Infrastructure is being built at the expense of the regional budget.
The Region possesses wide experience in implementation of large scale investment projects. A number of large investment projects have been successfully completed and are being currently implemented in the Region, including:
foundation of Siemens production center of information technologies in Voronezh
construction of "Baltica" brewery (volume of investment RUR 900 mln.)
construction of power generating units № 6 and 7 at Novovoronezh nuclear power station (RUR 131 bln)
implementation of a project of Eurocement Group (volume of investment RUR 3.4 bln)
cattle complex Cherkizovo Group JSC (RUR 7,9 bln).
Priority activities for investment attraction:
Development of hi-tech production and cluster formation in aircraft industry, rocket production, radio electronics, railway machinery, motor car machinery, nuclear machine building and power plant engineering, construction industry
Formation of competitive clusters in the regional agro-industrial complex
Investment ratings
Rating agency "Expert" has assigned ′3B1′ rating (reduced potential - moderate risk) to Voronezh Region. The region ranked 18th in investment risk and 26th in investment potential among 83 regions of Russia.
Fitch Ratings has assigned Russia′s Voronezh Region a Long-term foreign and local currency rating of ′BB′, a Short-term foreign currency rating of ′B′ and a National Long-term rating of ′AA-(rus)′. The Outlooks for the Long-term ratings are Stable. The ratings reflect the region’s satisfactory budgetary performance, low debt burden and well-diversified economy. However, the ratings also factor its operating expenditure’s high rigidity and reduced self-financing capacity on capex.
Department for Economic Development of Voronezh Region
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