Almost two trillion rubles of investment have been attracted to the economy of the Republic of Crimea since 2014

The creation of a favorable investment climate on the territory of the Crimean peninsula is one of the key tasks of the state program «Socio-economic development of the Republic of Crimea and the city of Sevastopol». With the support of the Government of Russia, the Ministry of Construction of Russia, the subjects are working to attract extra-budgetary investments in fixed capital.

On the territory of the Crimean peninsula, with the active support of the President and the Chairman of the Government, we are pursuing a consistent investment policy. We are creating all the necessary conditions for attracting business and implementing large-scale infrastructure projects aimed at improving the quality and standard of living on the peninsula. Today, over the past 10 years, the volume of private investment has reached its highest level. According to the results of 2023, the volume of investment in the economy of the Republic of Crimea amounted to 271.3 billion rubles, which is 17% more in comparable prices than in the previous year. Of these, the size of private investment reached about 180 billion rubles. In total, since 2014, more than 1.7 trillion rubles of investment in fixed assets have been attracted to the economy of the Republic of Crimea, including 1 trillion rubles of extra-budgetary investment. The volume of investment per capita has increased more than 12 timessaid Deputy Chairman of the Government of the Russian Federation Marat Khusnullin.

A set of state support measures had a positive impact on increasing the attractiveness of the territory. For example, the special legal preferential regime of the free economic zone of the Republic of Crimea and Sevastopol (FEZ), which operates throughout the peninsula, remains one of the main instruments that create a favorable investment climate on the peninsula. For participants who have received the status of a resident of the FEZ, a special regime for carrying out entrepreneurial and other activities is provided, including the possibility of using the customs procedure of the free customs zone. It is also possible to obtain land plots for the implementation of investment projects for rent without bidding.

Today, 1,499 participants of the free economic zone are registered in the Republic of Crimea and the city of Sevastopol, who have concluded 1,644 agreements on the terms of activity in the FEZ: in the Republic of Crimea — 1,254, in Sevastopol — 390. According to operational data, since the beginning of the FEZ operation, more than 106 thousand jobs have been created, 6,289 real estate objects have been commissioned. According to the results of the assessment of 9 years of the FEZ operation, 1 ruble of benefits accounts for 3.82 rubles of investments— emphasized the head of the Russian Ministry of Construction, Irek Faizullin.

Based on the results of 2023, the Republic of Crimea demonstrated a rapid improvement in its position in the National Investment Climate Rating, which evaluates the efforts of regional authorities to create favorable conditions for doing business and identifies best practices, and its results stimulate competition in the fight for investment at the regional level. For the first time in history, the Republic became a leader and took 5th place among all regions of Russia, increasing its integral index by almost 9.5 points. For comparison, in 2016, the subject took only 84th place out of 85.