13 April 2010, Tuesday, 12:06

Real investment projects are the result of negotiations at the highest level

author: Elvira Latypova

The work visit of the delegation RB, headed by the Prime-Minister of Government RB Rail Sarbaev, to Syrian Arab Republic started today. Within the frames of the visit the members of the Bashkir delegation will hold meetings with the Russian Ambassador in Syria Sergey Kirichenko, with the Minister of oil and mineral resources of Syria, D-r Sufian Alao and with the Vice-Premier of Syrian Government Abdulla Dardari. The meetings with the General Director of the Syrian state petroleum corporation Ali Abbas, the General Director of the Syrian oil company Omar Hamad and with the representatives of Syrian banks are scheduled too.

“Figuratively speaking this is the trip for investments” – the deputy Prime-Minister of Government RB, Minister of industry, investment ad innovational policy RB and a member of the Bashkir delegation Uri Pustovgarov said to journalists – “because there are several interesting projects on establishment of joint ventures both on the territory RB and on the territory of Syria”.

The Vice-Premier told journalists about realization of already available investment projects in Bashkortostan. According to him Austria and Turkey are the most active investors for today. The volume of the accumulated investments of every country is about 200 million EUR. Bashkortostan is gradually becoming an attractive region for investments and fr om this point of view the rate of the Republic is higher than the rate of the country in a whole. For example, some European companies offer to organize the enterprises for deep waste treatment and woodworking in our Republic. The investment woodworking project with a Dutch company is found under development now.

Uri Pustovgarov has underscored that at present moment because of rather poor investment capabilities of the Republican budget it is expedient to open the joint ventures with the 100% foreign capital and Bashkortostan in its turn, is able to accelerate the investment processes, having rich natural resources in its disposal as well as administrative resources.

“But in the nearest future we have to start establishing the joint ventures, where the main share of property belongs to the local economic agents” –the Vice-Premier said – “Further we have to start opening the joint ventures, wh ere the Republican economic agents own the control packet of shares. The Republic needs high investment rate and for that we have to work hard and at present stage we have to do everything possible to attract foreign investments”.

“Sure, we‘d like the volumes of foreign investments to the economics RB would be higher” – Uri Pustovgarov reported – “Moreover, we have the zones in our Republic, facing the lack of powerful productions – the southern regions, the town of Agidel and the North-East. The volume of investments hasn’t dropped because of the crisis. Everybody understands in five years the crisis will be over and those companies, which seize the markets today, will win all dividends”.