The first meeting of the Investment Council of the Republic of Tatarstan

16 December 2012, Sunday

The first meeting of the Investment Council of the Republic of Tatarstan was held at the Tatarstan Government House under the guidance of the President of the Republic of Tatarstan Rustam Minnikhanov.

Investment Council of the Republic of Tatarstan was established by the Decree of the President of the Republic of Tatarstan on July 5, 2012  in order to implement such Laws as "About foreign investments in the Republic of Tatarstan", "About investment activity in the Republic of Tatarstan", as well as improving the investment climate in the Republic of Tatarstan. The Council is a collegial advisory body for attracting investments into the economy of the Republic of Tatarstan. Chairman of the Investment Council is the President of Tatarstan Rustam Minnikhanov.

The meeting reviewed the basic tasks of the organizational, technical and information-analytical support of the Investment Council of the Republic of Tatarstan and increasing the investment attractiveness of the republic. In particular, they discussed the implementation of the Rules of investment projects in the Republic of Tatarstan on the principle of "one window", proposals for the reorganization of the Consultative Council on Foreign investment and creation of investment areas as objects of public- private partnership in the investment industry of the republic.

At the meeting presented a member of the Investment Council of TR, Tatarstan Investment Development Agency Chief Executive Linar Yakupov. According to him, the international winter forum - Invest in Tatarstan 2012 showed that investors are still paying close attention to the existing administrative barriers, the length of procedures for approving projects and obtaining permits. To speed up these processes is need to implement the Rules of investment projects in the Republic of Tatarstan on the principle of "one window".

Tatarstan is the “pilot” region where the standard of executive authorities of the Russian Federation is used. It is aimed to ensure a favorable investment climate in region. Standard developed by the Agency for Strategic Initiatives (ASI). 

More information about the Standard of executive authorities of the Russian Federation on ensuring a favorable investment climate is on the ASI site: http://www.asi.ru/asi_in_regions/Standart.pdf

The participants of the meeting discussed proposals on optimizing the process of attracting investments in the Republic of Tatarstan. Tatarstan President Rustam Minnikhanov noted that today to the attracting investment should be aimed all, from the heads of municipalities to the heads of ministries and departments. A key role here is given to Tatarstan Investment Development Agency, which should monitor the situation.

Minnikhanov suggested holding the Investment Council meeting monthly to discuss the projects and implement appropriate indicators.

 

Tatarstan Investment Development Agency Press Service

 

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