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18 October, Wednesday

Ufa   °

100 new investment projects will be launched in republic by 100th anniversary of Bashkortostan

Economy/Business

UFA, 29 August 2017. /Bashinform News Agency, Alfiya Agliullina/.

The "100 Investment Projects — to the 100th Anniversary of the Republic of Bashkortostan" campaign was launched by the Chamber of Commerce and Industry of the Republic of Bashkortostan in October last year. To date, the number of its participants has reached almost 50.

"The tasks that we set for ourselves outlined 46 projects, we have covered almost half the way. What we are doing now is basically assisting companies to decrease the time of investment projects implementation by reducing administrative barriers",  said the President of the Chamber of Commerce and Industry RB Azat Fazlyev at a meeting of the Public Council on Investment Climate Improvement.

According to him, one can join the campaign in case of own financing sources availability in the amount of at least 20% of the project cost, the availability of assets to be pledged of at least 50% and starting operation until 2019.

The scheme is very simple, the application is submitted on the 100rb.ru website, the project is examined and in cases of compliance with all the requirements is admitted to the program.

Today, the largest number of projects is being implemented in Ufa, the head of the CCI RB informs.

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