Fixed assets investment growth in Bashkiria

The growth of investments in fixed assets in Bashkortostan for 2023 is estimated at 107%, Rustam Muratov, First Deputy Prime Minister of the Government, Minister of Economic Development and Investment Policy of the Republic, said at a meeting of the State Assembly - Kurultai.

According to him, Bashkiria has increased economic investment over the past four years, ensuring annual positive dynamics. Most investment projects have already been localized in industry, agriculture, tourism, and roadside services.

The most significant of them for the development of the republic and solving issues of import substitution are implemented in industry and the manufacturing sector.

The list of priority investment projects includes 338 projects with a planned investment volume of 841.1 billion rubles and the creation of 35.6 thousand jobs. Large and medium-sized enterprises form the bulk of investments, accounting for almost 60% of the total capital investments.

The forecast for 2024–2026 includes attracting investments considering the planned expansion of the Alga SEZ. Now, 20 residents have registered here with a declared investment volume of more than 61 billion rubles. In total, they plan to create more than 2.7 thousand jobs. Residents have invested 4.3 billion rubles in investments, creating more than 900 new jobs. In addition, investments by residents of priority development territories are taken into account. Now, there are 126 companies with projects worth 42 billion rubles of investment.

A program has been developed to protect and encourage investments in the Republic to create a favorable investment climate and attract investments into Bashkiria's economy. The necessary laws and regulations have been adopted to simplify the procedure for reviewing projects and making decisions on providing them with support measures. Changes have been made for residents regarding the possibility of receiving tax benefits on used real estate when implementing investment projects; some requirements for priority investment projects when obtaining land plots for rent without bidding have been canceled; provided the opportunity for residents to get property of land for rent without bidding; The procedure for reviewing documents on the provision of land plots for lease without bidding has been clarified.

"This made it possible to increase the number of potential investors, as well as reduce the volume of documents to be submitted and the time for their preparation," Rustam Muratov emphasized.

Author: Galina Bakhshieva