08 April 2010, Thursday, 14:15

Business meeting of business representatives of Czechia and Bashkortostan is held in Ufa

author: Elvira Latypova

The Czech Minister of finances Edward Yanota said he was ready to render an all-sided assistance to realization of the project on erection of the cement-lime plant in Utchalinsky region RB. He is also ready to consider the questions concerning other investment projects in our Republic.

The business delegation of Czech Republic with the Minister of finances Edward Yanota at the head of it has arrived in Ufa yesterday. The business meeting with their potential partners from Bashkortostan has become their first official action on the Bashkir land.

“Here several joint projects are found in progress and I’m sure I can assist you in their development and this is right the goal of our arrival” – M-r Yanota said.

From its side Czechia is interested in expansion of its sales markets since the economics of this country depends on export by more than 80%. From this point of view the Bashkir market is quite attractive for Czechs. The annual trade circulation between our republics makes 1,5 billion USD and taking the mutual interest into account one may forecast the growth of volumes.

The representatives of about three dozens Czech companies and more than 70 Bashkir firms are taking part in today’s gathering. The deputy Prime-Minister of Government RB, Minister of industry, investment and innovational policy RB Uri Pustovgarov informed the guests about the prior directions for Bashkortostan from the point of view of investment cooperation. He reported there were the undeveloped branches of economics in the Republic and added that in the interest of the investors all necessary legal acts might be passed here. The “mode of special favor” works in the region especially for the investors, based on the Republican law about foreign investments. In accordance with the Bashkir legislation foreign investors have tax preferences and for a certain period of time they are free from some taxes but every project is considered separately. Woodworking, tanning, agricultural output processing and mining operations are the main priorities for Bashkortostan today.

“We are interested in organization of joint ventures and ready to introduce all necessary infrastructure” – Uri Pustovgarov said – “The prospects are quite promising, for example in sphere of woodworking the capacity of the local market is estimated at three billion dollars. The work of Bashkir scientists with metals and polymers at the nano-level might be also interesting for the Czech partners. Bashkortostan in its turn is also interested in the Czech technologies.

“We’d like to make a tour after modern technologies to Czechia” – Uri Pustovgarov added – “Modern technologies are demanded in building business, agricultural output processing etc”.

The cooperation agreement between Czech Trade Chamber in CIS and Trade-Industry Chamber RB has also been signed today.