Issues of improving the investment climate were discussed in Tatarstan

21 January 2025, Tuesday

A meeting of the Cabinet of Ministers of the Republic of Tatarstan on improving the investment climate and the implementation of the pilot project "Efficient Region" with the participation of Tatarstan Head Rustam Minnikhanov was held in Kazan today. The meeting was chaired by Alexey Pesoshin, Prime Minister of Tatarstan.

In his report, Deputy Prime Minister and Minister of Economy of the Republic of Tatarstan Midkhat Shagiakhmetov stressed the importance of stimulating investment activity as a key factor in ensuring macroeconomic stability and economic development.

In 2025, the Agency for Strategic Initiatives presented an updated methodology for the National Rating, which includes 110 indicators in 8 areas (previously, 70 indicators were evaluated in 4 areas). The expansion of the methodology will allow for a more comprehensive assessment of the investment climate in the regions and identify new growth points. 

New factors include the effectiveness of procedures for putting cultural heritage sites into operation, dispute resolution, the development of non–resource non-energy exports, the development of export activities of SMEs, innovative infrastructure and the impact on competition.

The speaker noted the importance of focusing on existing reserves to further improve the investment climate. As part of this work, a systematic analysis of the rating results is carried out, and action plans are being developed in key areas. Special attention is paid to optimizing investment procedures, improving the quality of public services and supporting investment projects.

The main tools for improving investment attractiveness, including regional and municipal investment standards, were highlighted. The Republic of Tatarstan has successfully implemented all 5 elements of the Regional Investment Standard: an investment declaration, an investment card, an investment council, an Investment Development Agency, and a set of investment rules.

Special attention is paid to effective interaction with the business community and continuous improvement of business support tools.

"In order to improve the investment climate and create comfortable conditions for doing business, coordinated work is needed at all levels of government, enterprises and organizations of the republic, prompt response to emerging problems to find solutions and identify reserves for improving the investment climate of our Republic," Midkhat Shagiakhmetov stressed.

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