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:
   equality

   a non-discriminatory approach to all business and investment entities

   engagement

   participation by business and investment entities in decision-making and assessing decision implementation

   transparency

   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