Investment Declaration

Main points of the declaration
1 The Tula Region Investment Declaration outlines key priorities for development of and support for investment activities in the Tula Region.
2 The Tula Region's investment policy is centred around the following main areas:
creating a favourable investment climate in the Region
attracting investment into knowledge-intensive industries
improving mechanisms for attracting investments
developing public-private partnership tools
supporting efficient investment projects
introducing energy-saving and environmentally friendly technologies
creating conditions for attracting investment resources into the regional economy
preparing and disseminating information on the Region's investment opportunities
3 Cooperation between public authorities and business and investment entities is based on the principles of:
a non-discriminatory approach to all business and investment entities
participation by business and investment entities in decision-making and assessing decision implementation
public availability of documented information provided by the authorities
best practices
using the best collaboration practices for ensuring the interests of business and investment entities
4 A procedure for cooperation with investment entities is established within the framework of the applicable legislation and implemented in accordance with international treaties of the Russian Federation.
5 The following guarantees are provided to ensure the safety of doing business and pursuing investment activities:
protecting investors’ rights
reducing administrative barriers
providing equitable conditions for Russian and foreign investors
ensuring investors' rights to choose their counterparties freely
6 Investment activities are supported through:
providing subsidies out of the Tula Region budget
offering tax benefits
letting land plots at preferential rates
creating land plots with a ready transport and engineering infrastructure
setting long-term rates for electricity, heating, water supply and waste water disposal
providing government guarantees

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