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. Last Updated: 07/27/2016

Marchmont Launches Road Map for Regional Investors

NIZHNY NOVGOROD -- Investors baffled by the complexities of regional economies acquired a new tool on Wednesday when the first ­volume of the Marchmont Investment‑Guide to Russia was unveiled here.

"Many investors don't know very much about local business conditions or opportunities in provincial Russia, as many regions are considered to be a sort of 'black box' with little up-to-date information published on them in multiple languages," said Kendrick White, managing principal of Nizhny Novgorod-based Marchmont Capital Partners, which is publishing the series in Russian and English.

"Many investors in Russia know only Moscow -- one of the most expensive cities in the world. But doing business in Moscow is not the same as doing business across all of Russia, as some regional administrations are far more progressive in attracting investors than others," said White, whose career in Russia began as an economic adviser to Grigory Yavlinsky and Boris Nemtsov.

Dmitry Svatkovsky, regional minister for investment policy, said the Marchmont guide was "a bridge between investors who are interested in Russia and the regions -- in this case, the Nizhny Novgorod region."

"This region has a lot to say and show for itself," Svatkovsky said. "The investment guide will allow us not just to put our best foot forward with investors, but also to make our ­businesses more recognizable on the global market and promote their interests."

The series is planned to encompass all of Russia's regions, starting with upcoming volumes on the Krasnodar, Rostov, Samara and Sverdlovsk ­regions and western Siberia, White said.