20 March 2012, Tuesday, 14:54

Possibility to open Ministry for investments is under discussion in Bashkiria

author: Alfia Sharafutdinova

New Ministry can appear in the structure of the Government RB rather soon. At the last meeting of the Public Council for improvement of investment climate under the President RB, held in Ufa today, its participants were discussing the necessity to establish an agency, which would be busy with the problem of attraction of investments to the region.

“Almost 185 billion rubles have been invested to Republican economics last year: mainly investments to the fixed capital” – the President RB Rustem Khamitov reported, opening the meeting – “the growth is 5,5% as compared with the previous year in comparable prices. It is rather good showing but it is not enough for rapid development of regional economics in the country and under the present level of competition. Our main goal is not to stand in the bottom of the list of Russian regions from the point of view of investment volumes. We have to be on its top. The experience of dynamically developing countries and regions shows that they conduct economic reforms, first of all removing and correcting those critical obstacles, which hamper investment inflows and processes. As for our Republic, we face the main problems and obstacles in institutional sphere. We pin high hopes on Russian and foreign investments but only well-developed institutional sphere is able to minimize various risks of investments, making all investment projects legitimate and transparent and contributing to acceleration of progress of investment projects beginning from the very beginning and up to the end”.

Though the number of various state structures, public organizations and commercial organizations, involved in attraction of investments, is rather high, their activity faces the lack of system, though all of them have to work as one well-balanced mechanism. New Ministry should coordinate their steps in this direction.

Special representative of the Republic for problems of investment cooperation Andre Nazarov says the Ministry for investments and development RB can guide all investment processes.

“Such Ministry has to be responsible for conducting of unified state investment policy and for state support of small and medium business, other subjects of innovational activity, state-private partnership and for other directions, necessary for the process of investing”.

In opinion of the President RB such Ministry has to start working in the republic already in 2012.