Investments in economy of Bashkiria will reach about 250 billion rbl. by the end of 2013

Galina Bakhshieva

Total investments in economy of Bashkortostan will approximately make 250 billion rbl. in 2013. For comparison: in 2012 investments in the republican economy reached 233 billion rbl.

As the President RB Rustem Khamitov underlined at the session of Presidium of the Government RB, in 2013 the volume of foreign investments in the region almost three times exceeded the last year's indicator.

In 2013 international rating agencies raised their ratings in relation to the republic. It, first of all, testifies to the fact that the financial, budgetary system of the region is in a good state.

“At the same time, we understand that the global economic crisis proceeds. We see slowing-down of industrial production rates, foreign trade turnover decrease, falling of demand for our production. We should certainly have positive results on all types of tax revenues in comparison with the last year's indicators. It can be achieved only if we carry out correctly and competently investment policy, if we continue active work with federal development institutes,” Rustem Khamitov said.

Strategy of investment development of Bashkortostan became one of results of such teamwork, in particular, with the Agency for Strategic Initiatives (ASI).

The strategy means achievement of several indicative indexes. Among them there is achievement of annual republican gross regional product at the level of 107 percent.

The main branch drivers are allocated in the strategy – agriculture, tertiary sector of services, small chemistry and construction.

“Strategy tasks are to indicate priorities in investment development of the republic, to define directions with maximum effect for economy in the shortest terms. In January this year the strategy was approved by our business community, and it was finally co-ordinated — in October. We had one stage more – to receive a conclusion from the Agency for Strategic Initiatives approving the given strategy,” the Minister of Economic Development of Bashkortostan Alexander Maryin noted at the session.

#investments #region #strategy

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