November 12, 2014. According to a government program on enhancing Sverdlovsk Region’s investment appeal in 2014-2020 whose draft was adopted at the local government meeting today, the federal constituency is expected to attract over 588bn RUR in investments by 2020, spokesperson for Sverdlovsk Region Prime Minister reports.

A report on the draft program was made at the meeting by First Vice Premier and Minister for Investment & Development Alexei Orlov, who said the main idea behind the program was to increase the efficiency of existing investment-targeting measures and to introduce new, additional factors that could attract investors to Sverdlovsk Region. By the year 2020, investments should come to at least 25.9% of the constituency’s GDP.

‘The government program is based on the subprograms Sverdlovsk Region runs on the improvements in the local socioeconomic policy in 2014-2020. 2.395bn RUR are expected to flow in from the local budget to finance the programs in 2015-2020,’ Orlov said.