Development of business in regions was discussed in Bashkortostan

A visiting working meeting of the Ministry of Economic Development of Russia on Investment Activities in Russian Regions took place in Ufa. Establishment of a one-stop-shop system for investment project implementation. Issues of business development in regions were discussed, ligislative regulation of bank/entrepreneur interaction was considered, as well as the mechanisms for investment project implementation. In his message to the Federal Assembly, President of Russia Vladimir Putin mentioned, that increase in investments is one of the growth drivers for the Russian economy, and also pointed out a key problem for entrepreneurs, i.e. difficulties in access to financial resources. To settle this issue, an entire one-stop-shop system for investment project support is operational in Tatarstan. This enables improvement in Tatarstan investment appeal, and provides favourable conditions for operations, - Deputy Minister of Economy of the Republic of Tatarstan, Bulat Khaziakhmetov, said. At present, projects supported include that in the agriculture, industry, food product manufacturing, telecommunications, and house hold appliances. Step-wise investment project support mechanism includes selection of an optimum strategy to enter the market of the Republic of Tatarstan, selection of the most favourable solutions in terms of state support, tax exempts, project implementation sites, support in interaction with state departments and institutions as regards to preparation of the necessary documentary and legal base for the projects.

Participants of the meeting included Office of the Head of the Bashhkortostan Republic, Representatives of the Bashhkortostan Republic in the Federal Council of the Federal Assembly of the Russian Federation, Representative of President of the Russian Federation in Privolzhsky federal district, federal executive authorities, credit and finance institutions, as well as expert and business communities.