Today we can confidently say that the Tula region is a reliable partner for investors.
The region takes the sixth place in the National rating of the state of the investment climate in the constituent entities of the Russian Federation.
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
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