13 July 2012, Friday, 11:25

Rustem Khamitov has met the CEO of Association of European Businesses in RF Dr. Frank Schauff

author: Bashinform News Agency

On July 12, in the House of Republic the President of Bashkortostan Rustem Khamitov held a working meeting with the CEO of Association of European Businesses in RF Dr. Frank Schauff.  Investments attraction to Bashkortostan and cooperation with large European companies — members of Association were discussed there, press-service of the President RB informs. Also practical assistance in maintenance of reliability and transparency of investments was also touched on.

Rustem Khamitov acquainted Frank Schauff with republic, having marked that Bashkortostan is one of the largest subjects of the Russian Federation; on population it takes the seventh place in the country, on industrial output and many indicators it is also among the leaders, or in top ten of the largest regions RF.

We created good, modern legislation. It is referred to granting of essential privileges for investors. It concerns the property tax. For big, large projects with cost more than 5 billion roubles this privilege will be valid for 10 years. From 2 to 5 billion roubles it will be given for five years. As a result enterprises under construction win significant funds. Besides we establish preferential land tax, taxes on vehicles, income tax, the President marked.

As he said, the republican authorities facilitate life of investors which come to the region, thus undertaking construction of infrastructure, modern industrial parks, business parks, IT parks.

The President said that «working with Association of European Businesses in Russia it would be desirable to reach agreements on mutual cooperation».

Frank Schauff, in turn, also expressed readiness for cooperation of the Association with the republic.

We understand that Bashkortostan is one of the most important regions of Russia as to the industry, raw materials extraction and agriculture. Therefore it would be interesting, if your Government could prepare presentation in Moscow to the members of the Association. It considerably would promote cooperation development, AEB CEO underlined.