Russian edition of Forbes magazine acknowledged Krasnodar as the best city for business in Russia. Last year Krasnodar was ranked first as well.

Experts analyzed 30 largest cities in Russia except Moscow and Saint Petersburg.
Six characteristics were used including the business climate, the buying power of the population, stability during the crisis, social parameters, the level of infrastructure development, business comfort for companies` owners and top-managers.

 

The secret of leadership is in highly diversified economics. In the parameter “Stability during the crisis” the city was ranked first. Local population actively creates work places; there are more than 250 thousand small and medium size enterprises, which employ more than 1 million people.

 

The administration of Krasnodar region creates favorable investment climate thanks to:

 

-       Clear laws

-       Simple taxation system

-       Good competition

-       Effective anti-monopoly measures

-       Effective anti-corruption system

-       Favorable conditions for small business development

-       Openness to global markets

 

It takes about 1-3 months for execution of the documents for starting the investment project. Small and average enterprises may apply for subsidies to compensate loan interest.

 

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