Investment activity in the North-West

Analytical center "Expert North-West" has prepared a study "Investment activity in the North-West." We selected investment projects with a total investment of 50 million rubles, the implementation of which is in the district began in 2012. Those with 95. The leader in terms of investment and the number of objects became Leningrad region, by industry superiority belongs to the food industry.

All last year, bankers, analysts, and even some officials noted the low investment business activity in the country, and on the North-West. So nearly a hundred new projects — already a good result. Total volume of investments declared exceed 1 trillion. Almost half of the projects is in the range of 1 to cost 10 billion rubles.

A powerful trio

The most capital-intensive, not surprisingly, were the projects for integrated development of territories in St. Petersburg and the Leningrad region — building a satellite town of the South and the development of the port of Ust-Luga. The concept first developed in 2011, the same year he received the status of a strategic project of St. Petersburg. But the agreement between the city and the management company "START Development" on the implementation of the investment project "Creation of a satellite town of the South in Pushkin near St. Petersburg" was signed in July 2012.

As for the projects implemented by the company "Ust-Luga", the development of the port of Ust-Luga began ten years ago, and last year she started the project "Integrated Development of Ust-Luga and the surrounding area", which entered the the list of priority investment projects of the Northwestern Federal District, approved by the Russian government in February 2012.

Through this project, Leningrad region has become a leader in terms of investments — 792.9 billion rubles. Of these, according to the administration, to Ust-Luga has about 700 billion rubles. On the same grounds erected two objects — "polycomplexes", involving the creation of food production and logistics cluster, and the grain terminal. Leading the region and the number of initiated projects in the past year — 16. Weather is traditionally characterized by sectoral diversification of investments in the past year, there began the creation of machine-building and metallurgical industries, food processing enterprises.

Petersburg Leningrad region gives the number of new projects — in the northern capital of eight. In addition to the satellite town of South large objects can be called here the construction of a pharmaceutical plant GC "Novartis" and the second stage of automated enterprise Nissan. Although "Novartis" held a ceremony of laying the first stone of its plant in Novoorlovskogo SEZ in June 2011, permission was received March 23, 2012 the first and only after that the investor get to work. In terms of investment in the city on the Neva leading construction industry, medicine and engineering.

In the top three on the amount of investment Kaliningrad region, last year here launched 14 projects worth 108.1 billion rubles. The largest of these — the automotive cluster, which, according to the plans of investors, companies "Autotor" and Magna International Europe AG, will include up to six auto plants and at least 15 enterprises for the production of automotive components. Cluster has provided engineering industry leadership in terms of investment in the area.

In addition, most investment-intensive, the region became the logistics sector and the food industry. Here, too, there is a diverse industrial structure of investments, new projects announced in ten segments of the economy.

Ten to one

The three middling Northwestern Federal District by the total value of new projects — Novgorod, Vologda and Pskov. In the first the most capital-intensive project implements a "Akron" — the construction of the ammonia unit "Ammonia-4" worth more than 12 billion rubles. This is followed by a new production Krestetsky timber industry and enterprise to grow, slaughter and deep processing of poultry meat produced by the company "Belgrankorm — Novgorod." After the chemical industry the largest amount of investment in new projects here was in the food industry and timber processing.

In the Vologda region of eight new projects worth 15.5 billion rubles three objects belong to the fuel and energy complex, "Mezhregionteploenergo" gas stations "Gazprom oil" and mini-hydro "Nord Hydro." Two projects implemented company "Severstal" — forming enterprise Cherepovets. Capital-intensive projects initiated as in metallurgy and food industry.

Seven projects worth 10.2 billion rubles last year declared in the Pskov region, including the two largest — in the timber industry. Noteworthy is the fact that in this region, unlike most of the other subjects of the North-West, more than half of new projects will be implemented at the sites of brownfield, including a brick factory and plant for deep processing of timber. It can be assumed that this will allow investors to reduce the cost of projects and meet fairly short construction — no more than two years.

For the Arkhangelsk region last year may be called fruitful in terms of the number of new objects: they had accumulated 14. However, their capital intensity is relatively small — a total investment of 7.7 billion rubles. Most of the projects started in the field of traditional industries — timber industry and the food industry.

In the Nenets Autonomous Okrug and the Komi Republic and the Murmansk region the total cost of new facilities is substantially less than in other regions of the North-West. In the Nenets AO initiated ten projects in general of 3.2 billion, the majority of them — the infrastructure. Tellingly, the investments in all these objects are sent from the district budget. In the Komi announced eight projects worth $ 2 billion rubles, of which four — in the timber industry, three — in the food industry. As for the Murmansk region, we note the project, launched here in 2012 — the production of electrolytic cobalt produced by the Kola Mining and Metallurgical Company, but the cost of this project — 2,000,000,000 rubles. That is the same as in the Komi had eight objects.

Do not let my guard down

In general, the North-Western Federal District, the largest number of new projects have in the food and agricultural industry — 21, followed by the timber industry — 13 & Infrastructure — ten objects. This is quite natural: the food industry projects are not as capital intensive, such as machine-building, timber processing is a traditional sector for a number of regions of the district, and the infrastructure in 2012 was one of the few industries where there is an investment surge, including by deliberate government policy . Concerned about the fact that on this background quite a bit of innovation projects — no more than five.

As for predictions for 2013, we expect a significant spike investaktivnosti hardly worth it. However, if there is no significant deterioration in the economy, we can expect to maintain the current dynamics and even a slight increase in the number of new projects. In this competition for investors will increase, not only in the Northwestern Federal District.

Against this background, the subjects should think about effective tools create a favorable investment climate. For exam
ple, do not have to remain vigilant Petersburg, serious competition which is not only the Leningrad region, but also Kaluga, Lipetsk SEZ "Alabuga". A growing number of investors say that these cities and their authorities are carrying out a more loyal investment policy, rather than the northern capital.

* Investments Set at the weighted average exchange rate of the U.S. dollar for 2012

Investments ** Set the average exchange rate for the Euro 2012

*** According to the Leningrad region, based on the average exchange rate of the U.S. dollar for 2012