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Economy/Business
8 April 2014, 17:06
Bashkir government concluded investment agreements at Euromoney Forum
Bashkortostan Government signed an investment agreement at the Euromoney forum, which takes place on Tuesday in Ufa. The First Vice-Premier Rustem Mardanov signed the documents on behalf the Government RB.
Terms and conditions of the project "Step 3. Organization of drugs production in pre-filled syringes. Organization of MabThera concentrate production for solution infusion" were approved. About 60 new jobs will be created at the manufacture. It is expected that it will contribute to the market demand for injectable syringes.
An agreement with "INMAN" company involves expansion of production capacity and increase in production of hydraulic cranes. The company expects that the project will result in a twofold increase in annual production of cranes. This will require a creation of 220 new jobs.
Both documents provide governmental support for projects in the form of tax benefits on profits, as well as an exemption from part of a property tax payable to the regional budget.
In addition, the Government of the republic declared its intention to cooperate with the BBC World News TV channel. An agreement was signed with the Russian representation office of the commercial channel.
The Ministry of Economic Development RB and Top Communication GmbH signed an agreement on cooperation in the international communication development at the World Communication Forum in Davos.
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