Laws of Investment Attractiveness: Nizhny Novgorod Hosts Investment Leaders Forum
Nizhny Novgorod has hosted the Investment Leaders Forum organised by the Nizhny Novgorod Region Development Corporation jointly with executive authorities under the patronage of Nizhny Novgorod Region Governor Gleb Nikitin. The participants discussed the region's investment potential and highlighted the best practices in investment attraction and the support and implementation of investment projects. The forum was partnered with HSE University.
In total, more than 600 people took part in the Investment Leaders Forum in Nizhny Novgorod, including representatives of investment companies, authorities, consulting and other organisations. During the forum, the participants discussed the topics of public-private partnership and investment climate, the development of logistics infrastructure, as well as new opportunities for starting and developing a business.
Alexander Shokhin, HSE University President, Head of the Department of the Theory and Practice of Business-Government Interaction, spoke at the plenary discussion ‘Time of Opportunities’ dedicated to new frontiers in the Russian economy. Prof. Shokhin spoke about the challenges and risks that had emerged within import substitution policy, as well as ways to respond to these challenges. Among such methods, Alexander Shokhin mentioned the preservation and development of the export support programme, the stimulation of domestic developments in support of R&D and reverse engineering, and measures to support the consumers of import-substituting products. In addition, Alexander Shokhin emphasised that the problem of logistics in import substitution is key.
In 2022, the Nizhny Novgorod region entered the top five of the National Rating of Investment Climate in the Constituent Entities of the Russian Federation, as compiled by the Agency for Strategic Initiatives (ASI).
As part of the forum, selected winners were given the Investment Leaders Award. A total of 70 applications were submitted in five categories from 50 companies and 20 municipalities. The winners were chosen based not only on the investment volume or the scale of their projects, but also the projects’ social significance to the district, city, or region.
Nizhny Novgorod Region Governor Gleb Nikitin awarded the winners during the official ceremony at the warehouses on the Spit of Nizhny Novgorod.
‘Every year, more and more worthy, important projects are being implemented in our region. The constantly growing number of participants in the event is one of the main indicators of the region’s improving investment attractiveness. We are pleased to reward the most significant investment projects for the region in various sectors of the economy, as well as the people who bring them to life,’ said Gleb Nikitin.
Igor Ishchenko, Head of the Nizhny Novgorod Region Development Corporation, expressed gratitude to HSE University in Nizhny Novgorod for providing volunteer work and assisting in hosting the Investment Leaders Forum and Award. ‘We hope that the event will become a starting point for further fruitful cooperation,’ he said.
In the autumn of 2022, HSE University in Nizhny Novgorod and the Nizhny Novgorod Region Development Corporation signed an agreement to create joint educational and expert projects. The first educational project was the Investment Project Management programme aimed at training specialists in investment project management in various industries.
Denis Fomenkov, Deputy Director of HSE University in Nizhny Novgorod
The strategically advantageous geographical position, powerful industrial, scientific and technical potential, high quality of life index, and the best investment laws in Russia make Nizhny Novgorod Region an economically comfortable area and investment management a highly desirable field of knowledge. The launch of the project-applied Investment Project Management educational programme was the first event implemented under the agreement between HSE University in Nizhny Novgorod and the Nizhny Novgorod Region Development Corporation signed in November 2022.
Graduates of bachelor’s and master’s programmes in management and economics, as well as investment professionals who would like to systematise their knowledge and improve their skills for further career development, can participate in the programme. As a result of the training, students will receive a certificate from HSE University, and the top graduates will be able to get a job at the Nizhny Novgorod Region Development Corporation.