In 2016 the Republic of Tatarstan GRP Growth was 102.5%

The Republic of Tatarstan gross regional product (GRP) in 2016 was amounted to 1 trillion 944 billion rubles, that is 102.5% increase against 2015. Today this information was announced by the Republic of Tatarstan Minister of Economy Artem Zdunov during the final joint panel of the Republic of Tatarstan Ministry of Economy and Ministry of Industry and Trade. The event took place at Cultural and Sports Complex KFU “UNICS” site and was dedicated to the theme “Innovative development of enterprises - basis for improving of the Republic of Tatarstan economics competitiveness”.

 The following officials attended the joint meeting: President of the Republic of Tatarstan – Mr. Rustam Minnikhaev, Chairman of State Council of the RT – Mr. Farid Mukhametshin, President of PJSC Unified  Aircraft Corporation – Mr. Yuri Slyusar, Deputy Chairman of Vnesheconombank , Member of Supervisory Council of non-commercial organization “Fund for development of single- industry cities” – Mrs. Irina Makieva, General Director of non-commercial organization “Fund for development of single-industry cities” – Mr. Ilya Krivonogov, Head of the Federal Service of intellectual property – Mr. Grigoriy Ivliev, Managing Director for regional development “The Russian Export Center” – Mr. Andrey Polyakov, Deputy General Director for investment activities of GC Rostekh – Mr. Dmitry Lelikov, Deputy Director of the Fund for industrial development – Mr. Yuri Shamkov, Director of Department of regional industrial policy of the Ministry of Industry and Trade of the RF – Mr. Alexey Bespozvannykh, Director of Department of strategic development and innovations of the Ministry of Economy Development – Mr. Artem Shadrin and others.

Before the meeting Mr. Rustam Minnikhaev and the accompanying persons studied the exposition of industrial enterprises of the Republic of Tatarstan, which was presented in the hall of CSC UNIKS.

The Minister of Economy of Tatarstan – Mr. Artem Zdunov made a report “On the results of social-economy development of the Republic of Tatarstan in 2016. The objectives of enterprises’ innovative development and improvement of business activities”.

He noted that according to the results of 2016 the republic showed a stable positive dynamics in all economy industries.

The scope of industrial production amounted to 1 trillion 966 mln RUB, the index of industrial production – 103, 6% (as compared to 2015 the scope of industrial production amounted to 1 trillion 869 mln RUB, the Industrial Production Index – 101, 5%).

Investments into the main capital amounted to 658, 5 bln RUB, or 100% in comparable prices of 2015.    

During 2016 2, 4 mln of square meters of living space was commissioned, out of which 367 thousand - under the program of social mortgage. The scope of works executed in the field of construction amounted to 286 bln RUB, or 101, 1% in comparable prices of 2015.  

Manufacturing of agricultural products in 2016 amounted to 238, 6 bln RUB, or 105% compared to the previous year.

In the course of the meeting Mr. Artem Zdunov informed that by 2020 it was planned to increase the quantity of industrial sites in the Republic to 100.  At present 62 industrial sites of municipal level are operating in Tatarstan, of them 354 are residents, over 6,6 thousand of jobs was created. About 328, 3 mln RUB from the federal budget and about 99, 7 mln RUB from the budget of the Republic of Tatarstan were allocated for the development of industrial sites in 2016.

The Minister of Industry and Trade of the RT – Mr. Albert Kasimov made a report “On the current situation and competitiveness prospects in the industry of the RT”.

In addition Deputy General Director of the enterprise – Mr. Irek Gumerov told about the main trends of innovative development of PJSC Kamaz. Head of the Kukmor Region of the RT –Mr. Sergey Dimitriev made a report about the influence of  business infrastructure on the region’s development.

While evaluating the year of 2016 in general Mr. Rustam Minnikhaev informed about the positive results during the joint collegium meeting. He also reminded that Tatarstan for the second year through occupied the first place in the National Rating of the investment climate in the regions.