Veniamin Kondratyev: Krasnodar Region among Russia's top business-friendly regions

The governor made this announcement during a meeting on investment development in the region. The meeting was attended by deputy governors and acting heads of relevant ministries and departments.

«Investment growth directly impacts economic development and the standard of living of every resident of the region. Over the past 10 years, we have successfully attracted 6.3 trillion roubles in investment. What is more, a total of 1.1 trillion roubles was attracted during the course of 2024 alone. This sets a historic record for us. Each region is actively seeking to attract investors. The winner will be the one who demonstrates superior responsiveness and flexibility, and who presents an offer that investors cannot refuse. In this regard, the Krasnodar Region is one of the most business-friendly regions, even in the current challenging conditions. In 2024, we provided support to businesses amounting to more than 50 billion roubles. These investments will generate returns by creating new enterprises and jobs,» said Veniamin Kondratyev.

First Deputy Governor Igor Galas noted that the region holds sixth place in the country in terms of GRP.

«Maintaining the same level of investment as in 2024–2025 will ensure a stable foundation for the future. Investment is not a simple decision; it is a complex journey from idea to product launch. The Krasnodar Region currently holds 34th position in terms of per capita investment, so there is room for improvement,» said Igor Galas.

According to Deputy Governor Alexander Ruppel, the Krasnodar Region ranked sixth in the country in terms of total investment volume last year.

«In terms of growth rate, we rank among the top three leading regions. And the share of investment in GRP has exceeded 20 per cent for the first time. This is higher than the national average. We understand that, given the current economic climate it is essential to accelerate the growth rate significantly. Our objective is to secure a minimum 24% share of investment in GRP,» said Alexander Ruppel.