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The Ministry of Investment and Foreign Trade, together with the Boston Consulting Group, to evaluate the investment attractiveness of the regions

30 November 2019

On 29 November, a meeting with a group of experts from BCG was held at the Ministry of Investments and Foreign Trade - the initiative was discussed to conduct a rating assessment of the investment climate in the regions of the republic and monitor the impact of ongoing socio-economic reforms on the business environment.

The meeting was also attended by representatives of the leadership of the Central Bank, the State Committee on Statistics, the Center for the Development of Investment Projects under the Ministry of Investments and Foreign Trade, and the Center for the Study of Public Opinion “Ijtimoiy Fikr”.

The assessment will be carried out in order to further improve the investment climate, stimulate the attraction of foreign direct investment, strengthen investor confidence in the state’s consistent policy regarding interaction with foreign partners and support entrepreneurship.

To correctly and objectively compare the results, identify key trends, a rating assessment will be carried out in accordance with a previously developed methodology prepared in conjunction with BCG.

During the meeting, practical measures to implement this initiative were discussed - with the assistance of the Ijtimoiy Fikr Center, a survey of about 3 thousand entrepreneurs will be conducted, and the involved institutions will provide all the necessary statistics for the assessment.

The results of the study will provide an objective description of the economic and investment potential of each region, as well as the strengths and weaknesses of local authorities in terms of creating the most comfortable conditions for investors, which will subsequently be used in planning the work of government bodies in the field, developing regional investment programs and calculating forecast investment attraction indicators.