Contents section I. The city of great opportunities!
|
|  Yüklə 8.36 Mb.
|
Foreign investments to Nizhny Novgorod economy from 2010 till 2013 (millions of USD) 
Nizhny Novgorod companies actively carry out foreign economic activities. Their main export trade partners are the Netherlands, Ukraine, Denmark, Italy, Belgium, France, the USA and Germany. The main export goods are traditionally non-metal mineral products, engineering products, and also production of the chemical industry including petrochemical oil components used for caoutchouc and rubber compound production, emulsifiers, initiators of polymerization reactions and antioxidants, as well as varnishes, colours and resins. The main imported trade partners of Nizhny Novgorod companies are Germany, China, France, Italy, Ukraine, the USA and Poland. The main imported goods are machine building products, chemistry, foodstuffs and raw materials as well as metals and metal goods. It is necessary to say that Nizhny Novgorod possesses considerable potential in the field of training well-qualified specialists in the sphere of foreign relations. Training of specialists in the sphere of the international relations is carried out by Nizhny Novgorod State University named after N.I.Lobachevsky, Nizhny Novgorod State Linguistic University named after N.A.Dobrolubov, Nizhny Novgorod branch of “National research university “Higher School of Economics”. These higher professional educational institutions are leading scientific and educational centres in the field of theoretical and applied researches of international relations, peace problems and conflict arrangements, complex study of regional aspects of political process in the Middle East, North America and Europe, as well as in the theory of political sciences and applied politology, public relations technologies, promotion activities and international tourism. IV. Tourist potential Nizhny Novgorod possesses high tourist potential: rich history and unique sights, beneficial location and transport infrastructure, the capital status of the city of the Volga federal district, existence of museums and developed system of cultural leisure, possibility of holding international congress events. 
869 cultural heritage objects are located in the city, among them 117 federal objects, 633 - regional, 119 - local objects. Nizhny Novgorod tour operators offer more than 80 main tourist routes. T More than 1 500 objects of public catering including 200 tourist work in Nizhny Novgorod. The majority of the tourists’ objects is presented by the restaurants group of companies «PIR», «Edok», «Shokoladnitsa» and other. Foreign citizens often attend restaurants "Vitalich", "Kupechesky", "Pyatkin", "Monet", "Chaika" etc. 
In 2012 the tourist and excursion stream to Nizhny Novgorod was 401,7 thousand people, in 2013 – approximately 537 thousand people (in comparison with 2012 the growth is more than 30%). The Nizhny Novgorod City Administration implements system work on tourism development. The municipal program «Tourism Development in Nizhny Novgorod for 2012-2016» is developed and realized in the city, a specialized budgetary institution “Nizhny Novgorod Tourism Department” is created. In order to promote the city tourist potential on the Russian and international levels in 2013 Nizhny Novgorod was presented at 5 international tourist exhibitions FITUR (Madrid, Spain), ITB (Berlin, Germany), MITT (Moscow), ITM and «Leisure» (Moscow) and for the first time it was included in the tour programs around Russia by European largest tour operators: «TUI Travel» (German, Spanish offices), «Troyka» (France), «IberiaRussia».
The international conferences and seminars are held for discussion of tourism development questions and drawing attention to this branch. In order to develop event tourism and promote Nizhny Novgorod as the capital of national art crafts for the first time in Nizhny Novgorod there was organized and held the Festival of National Art Crafts "Secrets of masters” on September 8, 2013. The enterprises of national art crafts and craftsmen from the Nizhny Novgorod Region as well as from other Russian regions and CIS countries took part in it.
For more than five years Nizhny Novgorod has been given a long-term credit rating «BB» by the credit ratings agency Standard & Poor's, as well as a rating on a national scale - «ruAA». The forecast of ratings is estimated as stable. Experts of Standard & Poor's note that Nizhny Novgorod shows moderate level of municipal debt and rather rapid growth of economy, the credit rating is at high level. Thanks to Nizhny Novgorod competitive advantages and city investment policy the increase of investment volumes into Nizhny Novgorod economy is observed. From 2010 to 2013 the volume of investments into fixed capital of the city economy has grown by 1.7 times. The investments volume into fixed assets of large and medium Nizhny Novgorod enterprises for the period 2010-2013 (billion roubles) 
Following the results of 2013 the investments volume into fixed capital of large and medium Nizhny Novgorod enterprises is 73.4 billion roubles. The largest share of the investments volume is represented by such kinds of activities as: “manufacturing activities” – 20.8 billion roubles, “transport and communication’ - 13,4 billion roubles, “real estate activities, rent and services” - 12,4 billion roubles, “production and distribution of the electric power, gas and water” - 8,5 billion roubles. In 2013 the growth rate of the investments into fixed capital of the industrial enterprises increased in comparison with the previous year by 1,6 times and gained 29,3 billion roubles (for the large and medium-sized industrial enterprises). Growth of the investments volumes was promoted by implementation of such large investment projects as: “Construction of the plant on production of aerospace defence means” - branch №1 JSC “Concern Air Defence “Almaz-Antei”; “Production of light commercial and passenger cars of such kinds as GAZel NEXT, Mercedes TIN, Volkswagen” - LTD ‘MC GAZ Group”; “Reconstruction and technical re-equipment of production” - JSC “Federal research and production centre “Nizhny Novgorod research institute of radio engineering”, JSC “Nizhny Novgorod aircraft plant “Sokol”, JSC “Afrikantov Experimental Design Bureau for Mechanical Engineering” and JSC “Central research institute “Burevestnik”.
In recent years there is observed the tendency to increase the share of organizations own means in the structure of investments financing sources into fixed capital. Positive tendencies of investment process in the city are the increase of private investments share, high share of direct investments aimed at updating of the fixed business assets, considerable diversification of investments sources structure, growth of foreign investments. Structure of the investments financing sources into fixed capital in 2013 
Construction, especially economy class housing building (demand for apartments of this segment is steadily high) is the most attractive branches for investments. The sphere of wholesale and retail trade continues to remain investment attractive, as well as the sphere of public catering, that is explained by the extensive consumer market, fast payback of invested funds and stable consumer demand. Taking into account automobile cluster development in Nizhny Novgorod the creation of new productions in mechanical engineering sphere becomes especially actual for the investors.
The transport and logistics, as well as hi-tech information technologies spheres and telecommunications possess high potential of growth. C High-tech industries are traditionally the most perspective for investments because they have high value added. Especially it applies to intellectual activities on development and adaptation of specialized software solutions for various business sectors. In Nizhny Novgorod large companies - integrators of the Russian and regional levels work. They are SONET, Aprel-Soft, ALTEKS, Tehnoservis and others. Such companies as Intel, Мail.ru, Orange Business Services, Krok, MERA Networks, MFI Soft (ALOE Systems), Teleca Russia opened their successfully working branches in the city. At the end of 2013 the largest Russian Internet Company – Yandex also opened its representation in Nizhny Novgorod. The Nizhny Novgorod office was not opened incidentally. There are large centers of programmers training in Nizhny Novgorod State university named after N.I. Lobachevsky and Nizhny Novgorod State Technical university named after R.E. Alekseev in the capital of the Volga region. Almost all the staff of the new office graduates from these higher education institutions. Total number of the professionals employed in Nizhny Novgorod IT-field is more than 20 000 people. Legal regulation of investment activities The regional investment legislation recognized by the experts of agency «Expert RA» as one of the most effective in Russia is implemented in Nizhny Novgorod. The complex of normative legal acts aimed at investment activity development allows investors to use considerable resources and economic capacity of Nizhny Novgorod. The acts are successfully put into practice thanks to the debugged mechanism of its execution. Investment projects are considered by the Investment Council at the Governor of the Nizhny Novgorod Region, working group of the Investment Council, commission on investment policy and land resources in Nizhny Novgorod. The Investment Council is the advisory body providing interaction of the Nizhny Novgorod Region executive authorities, territorial administrations of the federal authorities, local governments with organizations (irrespective of their organizational and legal forms), making decisions on expediency of investment projects realization and possible state supporting measures. Legislative basis of the investment activity is:
According to the Nizhny Novgorod Region Government regulation № 56 of 26.02.2006 “Concerning the order and conditions of granting priority status to investment projects, signing investment agreements and control of a course of their realization” investment projects which are realized in the territory of the Nizhny Novgorod city, can get the status of the Nizhny Novgorod Region priority investment project with the subsequent rendering financial and non-financial supporting measures. The main criterion for assignment of the status priority investment project is existence of positive effect from its realization which is estimated on such components as:
The decision on assignment the priority status to the project is made by the Investment Council at the Nizhny Novgorod Region Governor. Conditions of competitive selection on the right of receiving the priority status investment project of the Nizhny Novgorod Region it can be found in the Internet: http://government-nnov.ru/?id=17848. Besides, enterprises and other subjects planning to realize and realizing investment projects in Nizhny Novgorod can get various measures of state support: financial and non-financial. Financial measures of support: • tax privileges (privileges on a profit tax and property tax); • privilege on a land plots rent; • partial compensation of an interest rate for the loans attracted for investment project implementation; • state guarantees; • grants on development of business, scientific and creative activity; • budgetary investments; Non-financial (organizational) measures of support: • rendering assistance on inclusion in federal, regional and municipal programs of socially significant and most effective investment projects; • organization of seminars, conferences, fairs of investment projects; • consultations and methodical assistance; • creation of a wide information field and distribution of positive information about investors. The state supporting measures can be found in the Internet: http://minec.government-nnov.ru/?id=1115. Application form with the list of attached documents is posted on the official website of the Nizhny Novgorod Region Government (address in the Internet: http://www.government-nnov.ru/?id=15329). If implementation of the investment project is planned on the land plot which is in municipal property, according to regulation of Nizhny Novgorod City Administration №3043 of 04.08.2014 “Concerning the statue adoption of the commission on investment policy and land resources in Nizhny Novgorod and abrogation of the regulation of the Head of Nizhny Novgorod City Administration №74 of 23.08.1994” the authorized body responsible for making decisions about possible granting land plots in the territory of the Nizhny Novgorod city is the commission on investment policy and the land resources in Nizhny Novgorod. For the commission on investment policy and the land resources in Nizhny Novgorod it is necessary to prepare and send an application form to Nizhny Novgorod City Administration (Kremlin, build. 5, office 415) on visiting days (Monday and Friday, from 09.00 till 12.00). The application form with the list of attached documents is presented in the section "For investors" in the Internet: http://нижнийновгород.рф/gorod/biznes/investoram. Large investment projects which are realized in Nizhny Novgorod
VI. Offers to investors |
he Nizhny Novgorod hotel business structure is presented by 65 hotels (large, medium and small accommodation means) with a capacity of more than 4 000 rooms. 17 objects of hotel infrastructure underwent official procedure of classification: 3 hotels have 4 * 
onsidering beneficial geographical location at the crossroads of important international aviation, railway, motor and water routes, Nizhny Novgorod offers an enormous resource for transport and logistics hub development and creation of the large distribution centers in the Volga region and Central part of Russia.
