12 July 2010, Monday, 12:46

Bashkortostan delegation gets acquainted with the German building-and-loan association experience

author: Rasul Hamidullin

Today the delegation of Bashkortostan Republic including representatives of the Government RB, the Ministry of Construction, Architecture and Transport RB and other departments departed to Germany for the seminar on experience exchange in the sphere of savings system for construction. Also the working group of our republic plans to co-ordinate several issues concerning the investment project on upgrading and reconstruction of heat supply systems.

This visit to Germany is made under the invitation of the largest European civil engineering company «Bausparkasse Schwabisch Hall AG» which was interested by the initiatives of Government RB directed on introduction of the savings system for housing construction in the republic.

We should remind that in Bashkortostan the mechanism of system creation for housing construction savings is studied now, allowing to increase a share of private investments in the sphere of construction and simultaneously to raise availability of habitation to citizens with an average level of incomes.

The building-and-loan association «Bausparkasse Schwabisch Hall AG» has about seven million clients in Germany and supports intensive contacts to potential partners from other countries, including Russia.

It is expected also that during the visit the Bashkir delegation will visit building-and-loan enterprises in Czechia.