Rustem Khamitov held Public Council meeting on improving investment climate and export development

UFA, 8 August 2018. /Bashinform News Agency/ translated by Tatiana Aksyutina/. On August 7, a meeting of the Public Council on improving the investment climate and export development under the Head of Bashkortostan was held in the Government House of the republic. The meeting was chaired by the Head of the Republic Rustem Khamitov.

Opening the meeting, the head of the region announced the main macroeconomic indicators for 2018.

"Our republic is clearly in a positive zone in many key macroeconomic indicators", said the head of Bashkortostan. "The turnover of organizations grew by eight percent - to 1.65 trillion rubles. The industrial production index exceeded 103 percent. The situation in retail and wholesale trade has shown a growth of four and almost eight percent, respectively. Prices from the beginning of the year rose by 1.7 percent and real wages for five months increased by almost nine percent. In addition, we have quite good results on the tax revenues to the budget of the Republic of Bashkortostan. The tax revenues to the budget increased by about seven to eight percent without taking into account a one-time payment - a profit tax of 16.5 billion rubles on the part of Bashneft company".

Investments in comparison with 2017 decreased by about seven percent (last year, the reduction was 17.5 percent), exports decreased by six percent.

"Our key task is to increase the regional gross product from 1.5 trillion to 2 trillion rubles. This cannot be achieved without investments", said Rustem Khamitov. "Non-standard approaches should be applied, initiatives should be taken. It is necessary to form a modern type of management".