Mukhametshin: We need to fight for each kopeck of federal target programs

Russian State Duma deputies from Tatarstan took part in a meeting on attracting federal financing to the republic's economy at TANECO, chaired by Farid Mukhametshin, Chairman of Tatarstan State Council.

The head of the republic's parliament spoke highly of ministries' and deputies' work to attract federal financing. Tatarstan participates in 25 out of existing 38 federal target programs.

Mukhametshin pointed out that Rustam Minnikhanov, President of Tatarstan, has set the goal to retain that volume of investment in 2014-2015, taking into account the difficult economic situation in the country. In November, Tatarstan's economic growth rate amounted to 1.2%, Russian rate - around zero. "In these circumstances, we need to fight for every kopeck of federal target programs," - stated the Chairman of State Council.

Nail Maganov, CEO of Tatneft, reported on TANECO oil processing complex construction, pointing out the issues slowing it down: changes in tax legislation regarding export fees in 2011, prospective increase of black oil custom duties in 2015, introduction of Urban Planning Code and new technological regulations.

The meeting visited TANECO production facilities and Nizhnekamsk All-Steel Tire Factory that produced over 13 million tires for the first time in Tatneft's history last year.