Bashkiria introduces Regional Investment Standard to support business

Tatyana Aksyutina

Work continues on the Regional Investment Standard implementation in Bashkiria. At the end of last year, the republic became one of the "pilot" regions of Russia, implementing a new tool to support investors. All elements of the standard are successfully working in the republic. Rustam Muratov, First Vice Prime Minister of Economic Development and Investment Policy RB spoke about this in more detail at a meeting in the Investment Hour format.

According to the Deputy Prime Minister, the Regional Investment Standard is a system for supporting new investment projects that combines the activities of the investment committee, and development corporations, as well as the creation of an investment declaration, an investment map and a set of investment rules.

“On July 19, First Deputy Prime Minister of Russia Andrey Belousov named Bashkortostan among the top five regions that had implemented all the components of the investment standard,” Rustam Muratov explained.

The Head of Bashkortostan instructed the Ministry of Economic Development of the region to submit a detailed report on measures to improve work with investors.

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