By 2015 the volume of investments into Bashkortostan will double - Ministry of Economic Development

Total regional product will increase to one and a half billion roubles in Bashkortostan by 2015, the sum of investments into the capital assets of the region will reach 357 billion roubles. For comparison: following the results of 2011 these figures make 960 billion roubles and 185 billion roubles, accordingly.

“I will mark that predictable volumes of investments into capital assets in 2015 in comparison with 2011 practically double”, the Deputy Minister of Economic Development RB Alexander Vasilyev underlined.

At the session which took place in the Government RB he announced moderate-optimistic variant of social and economic development of the region taken for a basis for the next three years.

According to the Ministry of Economic Development RB, rates of economy growth of the republic in the planned period will be above average across Russia. Industrial production, agriculture and construction will become the basic drivers of such growth: their share in the total regional product structure will make more than 50 percent.

It is supposed that the profit of organisations by 2015 will increase to 163,6 billion roubles. Labour productivity, by the ministry calculations, will grow on average by six percent annually.

Growth of consumer spendings on payment of goods and services owing to decrease in inflation and increase in incomes of the population, including wages is predicted also.

As the main economic risks the deputy minister named reduction of demand for republican manufacturers products owing to decrease of the global cumulative demand, oil price downturn that can cause reduction of total regional product volumes and budget incomes, decrease in products competitiveness of local commodity producers in connection with Russia's joining the World Trade Organization: first of all it concerns