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17 August, Thursday

Ufa   °

Burst of investment activity is expected in Bashkiria

Business

The next years the Ministry of Economic Development RB expects in Bashkortostan burst of investors activity. It will be a result, in particular, of purposeful work of the last two years on favourable investment climate formation in the region.

Rate of foreign investments is a little bit lower but there are some objective reasons to this. To persuade a foreign investor to enter the market of the Russian Federation, and namely Bashkortostan Republic takes longer period of time according to the Minister of Economic Development RB, Alexander Maryin.

The head of the Ministry of Economic Development RB considers that at present the necessary infrastructure is generated in the republic. There is a standard-legal base of investment activity, specialised institutes of development operate, administrative burdens are essentially lowered.

Current year, following the results of nine months, volume of investments attracted to the republic made 146,9 billion roubles. In the comparable prices by the similar period of 2011 rate of growth made 20 percent.

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