09 November 2011, Wednesday, 16:13

Bashkortostan holds the 13th place in Russia by volumes of investments

author: Rasul Khamidullin

The investment policy in Bashkortostan doesn't divide the investors into Russian and foreign ones. Three corresponding bills, aimed at the attraction of investments and initiated by the Ministry for economic development RB, have been recently passed, the Minister for economic development Eugene Mavrin reported today at the online conference, held by “The Public Electronic Newspaper”.

“Along with the legislative base we organized the technical procedure in activity of the Republican commission, responsible for attraction of investments” — he reported — “The commission examines the projects and gives these projects the status of priority by certain criteria. Besides, the commission also can recommend the Government to sign an investment agreement, concerned with exemption”.

The criteria of priority provide for the volume of investments (from 100 million rubles), the absence of ecological problems, inculcation of new technologies, opening of new workplaces and many other things.

“Bashkortostan holds the 13th place in Russia by volumes of investments for today” — Eugene Mavrin mentioned — “This showing is slightly higher than the average one, since in a whole the inflow of investments in Russia is going down”.

The Minister has also underscored that Austria, Cyprus, South Korea, Lithuania and Norway are the countries, working with our Republic in the best way. But export holds the major share in the structure of Bashkortostan's external trade circulation – staff, oil and benzene. Republican export makes up more than 90% of the trade turnover RB.