18 September 2009, Friday, 11:14

Bashkortostan to introduce new investment projects in Sochi

author: Olga Gorunova

The VIII international investment forum “Sochi-2009” will be opened in the city of Sochi today. New investment projects will be demonstrated on the Sochi site till September 20. The investment strategy of Russia and many other things will be widely discussed there too.

The delegation, headed by Prime-Minister of Government RB Rail Sarbaev, will present Republic of Bashkortostan at the forum. The staff of theBashkir delegation also includes the deputies Prime-Minister of Government RB – Minister of finances RB Airat Gaskarov and Minister of industry and external economic relations RB Uri Pustovgarov, chairman of Trade-Industry Chamber RB Sergey Efremov and other officials.

The forum will be opened today on September 18. After the opening ceremony the plenary session to the topic “Russia and Investment Strategy” will be held. The prospects of the country’s investment development will be ventilated by the Chairman of Russian Government Vladimir Putin. Various conferences will be held in the second half of the day and presentation of Russian regions will take place at the end of the day. Presentation of the exhibition “Bashkortostan – the territory of investments” will be held in the fifth pavilion on the square near the Winter Theater. In particular, Bashkortostan intends to introduce the project on removing the mono-cities fr om the risk zone. 12 territories fall under these criteria in Bashkortostan, where 652 thousand people or 16% of the Republican population live. The development concept for such mono-cities is already worked out and the concept outlines four groups of mono-profiled municipalities and perspective scenario and certain mechanism of actions is offered for every category. Two projects of development for the mono-towns Baimak and Kumertau will be introduced to the forum. The first project represents the program on diversification of the mono-profiled structure and growth of Baimak economics competitiveness. The population in this town makes up 17,1 thousand people. “Baimaksky mechanical caster” is the town-forming enterprise, which share in the tax intakes in the local budget is equal to 6,97%. The project of the caster’s modernization is meant for 2009-2011. The volume of investments required is 684,6 million rubles.

The second project represents the program on diversification of the mono-profiled structure in economics of the town of Kumertau (66,9 thousand people). “Kumertausskoe aviation production enterprise” is the town-forming enterprise here with the share of tax intakes into the local budget equal to 42,6%. For realization of the investment project the state support from the federal exchequer on the terms of co-financing at the rate of 410 million rubles is needed. Thereby a new competitive production of building materials and constructions with 400 new workplaces will be established on the base of the town-forming enterprise.