December 14, 2012. The rating agency Expert RA came up with the 17th rating of Russian federal constituencies’ investment appeal for 2011-2012. Moscow Region, Moscow, Saint Petersburg, Krasnodar Territory, and Tatarstan kept their top positions in the rating and their levels of A12. These constituencies have some of the highest potential indices and some of the lowest risk level figures, the agency reports.

‘The rating is indicative of the takeoff of the third wave of the constituencies’ investment appeal growth, which is characterized by three parameters: proximity to economic centers, relatively inexpensive labor, and lack of visible investment projects in the past. Among the ‘third-wave’ constituencies are Bryansk, Kostroma, and Ivanovo Regions as well as Chuvashiya and some others. These constituencies’ investment appeal can only grow if no unfavorable external factors like a new turn of the recession interfere in the process,’ says Expert RA Regional Studies Director Vladimir Gorchakov.

As for Sverdlovsk Region, it was not among the top 10 minimum risk territories; neither was Chelyabinsk Region.

In terms of investment climate rating for 2011-2012, Sverdlovsk Region’s potential is estimated as high, and its risk is estimated as low (1B); Chelyabinsk Region’s potential is estimated as average, and its risk is estimated as moderate (2B).