Krasnodar, 3 November – Yug Times. In the first half of 2023, Sochi ranked the top second municipality in the Krasnodar region in terms of investments arriving to the capital assets of large and medium-sized businesses. 

The results were announced at a meeting of the commission for improving the region's investment climate. 

The total volume of investments in the regional economy amounted to 310 billion roubles. As for Sochi, the figure was 27.6 billion roubles, which doubled the sum invested in the same period of 2022. 

“At the same time, the city ranks first in terms of the growth rate, with the result of 210%. According to the 2022results, Sochi became the leader in the rating of municipalities on performance in promoting competition and ensuring conditions for a favourable investment climate,” said Svetlana Kalinina, Sochi First Deputy Mayor. 

Sochi's investment portfolio today consists of 47 projects amounting to 480 billion roubles, with 27 projects representing spa and recreation industry.

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