Investment climate in Bashkiria will be substantially improved for the nearest three years

By 2015 Bashkiria intends to approach Sverdlovsk region – the region with the maximally favorable investment climate in Ural zone and the experts say the Republic has all grounds for that.

The inclusion of Bashkiria into the list of ten Russian regions, where the standard for executive power bodies’ activity on improvement of investment climate is to be implemented, is the first step in this direction. The standard was worked up by the Agency of strategic initiatives (ASI).

“Bashkortostan has become one of ten pilot regions we are working with. For today the republic has already formed and presented the “road map” on improvement of investment climate in the region and the Public Council for attraction of investments under the President RB is considered an important element of this strategy. Its first meeting has taken place today” – the general director of ASI Andre Nikitin reported today during the press-conference, held by the news agency “Bashinform”.

One more participant of the conference – the director for development of ASI partnership network Alexander Pirodgenko says that the dialogue between business and authority is the main aim of the Council.

“We have to open direct contact and answer the questions and problems business faces today in this or that region. We were watching this dialogue today at the meeting of the Public Council for attraction of investments, held under the chairmanship of the President RB Rustem Khamitov. This Council can have quite good future”.

Five of 15 positions of the standard for improvement of investment activity are already working in Bashkortostan and others will become a reality in the nearest two years.

“After the measures, undertaken by us, the situation for improvement of investment climate in the Republic has to be cardinally improved and at that by these actions we want to encourage not only big Russian and foreign investors but local businessmen too” – the special representative of the President RB re investment cooperation Andre Nazarov stated.

According to M-r Nazarov local businessmen can give the major share of the investments of the total volume, which the authorities hope to attract in the nearest future, i.e. about 1,5 billion USD, and the only thing, needed now, is to make all necessary conditions and to guarantee the investors certain level of protection and confidence in the future.