Midkhat Shagiakhmetov presented the main directions of work to improve the investment climate of Tatarstan at a meeting of the Presidium of the State Council of the Republic of Tatarstan
Today, Deputy Prime Minister of the Republic of Tatarstan - Minister of Economy of the Republic of Tatarstan Midkhat Shagiakhmetov spoke at a meeting of the Presidium of the State Council of the Republic of Tatarstan on the implementation of the republican law on investment activities.
The Speaker noted that an effective legislative framework plays an important role in creating a favorable investment climate, providing transparent and fair conditions for doing business. He stressed that in the current economic situation, it is important not only to maintain existing investment activity, but also to implement new projects by improving legislation.
By the end of 2024, the volume of investments in fixed assets increased by 12.7% and is estimated at 1.4 trillion rubles. The main increase in investments was provided by the enterprises' own funds, which accounted for 62.1%.
Midhat Shagiakhmetov also spoke about the implementation of the Federal project "Increasing Investment Activity" of the National Project "Efficient and Competitive Economy", which aims to improve the institutional environment and conditions for investors, including risk sharing and support for preferences and measures. "Over the past 6 years, the Republic of Tatarstan has maintained the second place in the National Rating of the Agency for Strategic Initiatives, which has been formed for 11 years," he noted.
Among the measures to support investors, he singled out the provision of tax incentives, which has a beneficial effect on business. According to the Law, tax benefits are provided for the payback period of the project, but not more than 7 years, and for projects in mechanical engineering — up to 13 years. As a result, the republican budget received an additional 28 billion rubles in tax payments. In addition, the implementation of the projects provided significant investment injections into the economy - about 813 billion rubles. New projects have allowed the creation of an additional 18,000 new jobs in the republic.
The Ministry of Economy of Tatarstan continues to work on attracting investors to special economic zones and priority development territories, actively developing partner financing within the framework of 417 federal law. The purpose of the partnership finance experiment is to attract foreign investment from the Islamic world to Russian projects. The Republic has gained the necessary experience and tools.
In conclusion, Midkhat Shagiakhmetov stressed the importance of the coordinated work of all participants in the process and expressed gratitude for the constructive cooperation in the development of investment legislation.
"We look forward to your continued support for initiatives aimed at improving government support mechanisms, protecting investors' rights and attracting new investments," he concluded.