In Bashkortostan favourable investment legislation is formed - experts

Favourable investment legislation providing equal rights and opportunities for both domestic and foreign investors is formed in Bashkortostan. This was announced at the XI Congress of the Regional Investments "Technologies of regional development at budget constraints" by the head of investment and foreign economic relations department of the Ministry of Economic Development of Bashkortostan Artem Kireev.

“It is important that an efficient system on attracting and supporting investors is arranged in Bashkortostan. It is a technology consisting of established procedures to support investment initiatives. The key elements of the technology are accessibility, consistency and transparency,” Artem Kireev marked.

The Congress is a platform where the most important initiatives of the federal government in the field of regional policy are discussed and implemented. At this year's Congress the mechanisms of regional development under condition of the budget deficit, as well as solutions of social problems were discussed.

“Now "road maps" are prepared in 67 regions, expert groups are formed and the process of implementation is started” the director of partner network development of the Agency for Strategic Initiatives Alexander Pirozhenko noted.

It can be also added that the Republic of Bashkortostan was awarded a diploma for the sixth place in the category "High-performance workplaces creation" at the Investment Congress.