Bashkiria Sets New Record for Attracted Investments

The Bashkiria government's press service reported that preliminary results of the region's socio-economic development were discussed at a meeting. The positive dynamics of the republic's leading indicators were noted. In particular, the gross regional product (GRP) level is estimated at 104.7% of last year's level or 2.8 trillion rubles.

The industrial sector became the driver of development. Over 10 months, industrial production growth amounted to 4.3%. At the same time, manufacturing showed growth of 7.4%. In addition, the high rate of investment growth was maintained. This was primarily achieved thanks to the program for the protection and promotion of investments implemented in the republic, within the framework of which more than 70 agreements with a capital investment volume of about 80 billion rubles were concluded in 2024. The program significantly simplified the procedure for investors to receive state support measures.

In general, the investment portfolio of the region includes 2.3 thousand investment projects worth 1.3 trillion rubles, of which 369 initiatives worth almost 890 billion rubles are included in the republican list of priorities. This year, 64 priority projects worth 222.4 billion rubles have been completed, and more than 5 thousand new jobs have been created. Now, the republic is focusing on creating a support system for investors to construct logistics centers. In addition, Bashkiria is actively involved in modern federal development tools. More than 45 billion rubles were allocated within the framework of the infrastructure menu, which will attract an additional 660 billion rubles of private investment in the future. Preferential territories demonstrate stable dynamics. Bashkiria is one of the leaders in the country in terms of the number of advanced development territories and residents working on them. Moreover, more than 90% of all residents were attracted over the past 5 years. Current residents have already invested more than 11.4 billion rubles and created over 6.5 thousand jobs. The following areas of socio-economic development were identified during the meeting: implementation of a regional investment standard, creation of the Bashkir-Belarusian investment cluster, development of a mechanism for public-private partnership, entrepreneurship, and tourism, implementation of the national project "Labor Productivity" in the republic, and implementation of foreign economic activity.

Author: Roman Yakimchuk