Gross regional product of one billion rbl. is reached owing to effective system of work with investors —Rustem Khamitov

Public Council session on investment climate improvement under the President of Bashkortostan took place in the republican Government on February 26.

The investment climate in the region becomes milder. Financial and economic indicators, ratings and investors testify to it with their projects and investments.

According to the President RB Rustem Khamitov, in 2012 the volume of investments into the fixed capital reached 233 billion rbl., having exceeded the indicator of 2011 by eight percent. All-Russian dynamics is an increase of 6,6 percent. Inflow of foreign investments to Bashkortostan for a year has grown twice — almost to 600 million dollars.

“Today more than 100 investment projects for 400 billion rbl. are in progress now. Six of them are already finished, more than 1000 people are provided with jobs,” the head of the republic said.

The gross regional product in Bashkortostan following the results of the last year for the first time crossed the boundary of one billion rbl.

“We are one of the leaders in the Russian Federation on competitiveness of the region, convenience of business conducting, openness, transparency of economic policy,” the President underlined.

Thus Russia, according to the adviser to the President RB, the special representative of the President on investment cooperation Andrey Nazarov, occupies only the 67 position in global competitiveness ratings.

The adviser to the President RB suggested using a system of logical and simple internal ratings for making estimates. For example, in Yekaterinburg it takes 32 days for an enterprise registration, in New Zealand — only one day. In Tver it takes 448 days to receive a construction licence, and in Singapore — 26. In Yekaterinburg it takes 360 days to connect to the electric mains, and in Germany it takes only 17 days.

The investment problem on the part of small and medium business development was considered by the president of the Chamber of Commerce and Industry RB Yuriy Pustovgarov. The republican CCI has interrogated 6000 local businessmen and found out, that the greatest problem in the region for a small-scale business is a possibility just to start a new business. The following problem in order of importance is high tax loading, low availability of financial resources for the short-term period, deficiency of qualified personnel and high level of corruption.

From financial forms of support businessmen would prefer a decrease in tax loading (78 percent), possibility to take non-state credits and loans (44) and to receive grants (31).

It was marked at the session that efforts of the republican authorities represented by the Public Council should be focused on these directions.