Investors deterred by federal problems and avoid investing in regions ? Governor Belykh

Investors? unwillingness to take their money to Russia?s regions stems from systemic problems at the federal level, Governor Nikita Belykh of Kirov believes.

Governor Nikita Belykh of the Kirov region (in the Volga area) shared with portal Newsler.ru his opinion regarding investors? general unwillingness to take their money to Russia?s regions. He believes that ?there are two problems that must be addressed somehow at the federal level.? The first one is a lack of ?coordination of activities among Russia?s development institutions (Rusnano, Russian Venture Company, VEB Bank and some other state-owned giants).? According to Mr. Belykh, ?even the top managers of these institutions admit to the fact that there?s little or no coordination among them. Each of them establishes relationships with the regions on an individual basis?and not always in an efficient way...