Investment activity of Russian companies reached a record for ten years

In the spring of 2024, 63.7% of Russian companies stated that they have current investment projects (51.2% in the same period last year). This is the highest level for the last 10 years, according to the survey of the Russian Academy of Sciences (RAS), which was presented to Izvestia on December 2.

At the same time, the investment intentions of Russian enterprises have also started to look noticeably more optimistic. If last year 40% of respondents planned to start new projects within one or two years, then in the spring of 2024 the share of such answers increased to 49.6%, noted the RAS.

Strengthening investment activity is important not only for maintaining high current rates of economic growth, but also in terms of improving the competitiveness of Russian manufacturers in the longer term, the experts pointed out.

"Among the obvious positive shifts is a noticeable decrease in the share of reports about the decline in effective demand within Russia. If in the spring of 2022 the share of such reports amounted to 38.8%, then by the spring of 2024 it has decreased to 23.9%. This trend can be interpreted as an indirect confirmation of good economic growth rates in Russia," the study said.

Earlier on November 11, it was reported that the authorities will improve the conditions for issuing investment tax credits. The tool allows companies to defer payments on fees, and the freed up funds to channel into development - in technology, expansion or modernization of production. So far, the terms of such loans differ for different companies - the maximum 10 years are available only for territorial development zones.

They are planned to be issued for 10 years to any organizations, the Ministry of Finance told Izvestia.