Final meeting of the Board of the Air Tatarstan: from quantitative stability to numerical ups
The final meeting of the Board of the Investment Development Agency of the Republic of Tatarstan was held in Kazan. The head of the department, Taliya Minullina, presented a report on the work done over the past year and spoke about plans and tasks for 2026.
About investments
In Russia, in the first 9 months of 2025, the growth of investments in fixed assets, compared with 2024, amounted to 0.5% or 26 billion 346 million rubles.
"The general slowdown in the economy and tight monetary policy naturally lead to modest investment activity. And this trend will definitely continue this year," Taliya Minullina emphasized.
At the same time, Tatarstan retains the second place in the investment rating of Russia based on the assessment of 400 thousand entrepreneurs.
In the first half of 2025, the total volume of investments in Tatarstan's fixed assets amounted to 660 billion rubles, with an increase of 14.6%, and the volume of extra–budgetary funds at all levels amounted to 614.4 billion rubles, with an increase of 27%.
According to the results of 9 months of last year, the republic ranked 4th in the country in terms of total investments and 6th in extra-budgetary investments, excluding SMEs. During this period, the revenue level exceeded 1 trillion 174 billion rubles, an increase of 23%. The volume of extra-budgetary funds exceeded 1 trillion rubles with an increase of 34%.
According to the 2025 estimate, the volume of investments in fixed assets is 1.6 trillion rubles, of which 1.3 trillion are from extra–budgetary sources.
Last year, 29 meetings of the Investment Council were held under the chairmanship of the President of the Republic of Tatarstan, Rustam Minnikhanov. Projects such as "Methionine production" and "Deep Grain processing Complex" with a total investment of 169 billion 147 million rubles, "Creation of industrial tractor production" for 2.5 billion rubles and "Production of high-precision equipment" with an investment of 352 million rubles were approved.
By the end of 2025, economic growth in the world amounted to 3.2%, in Russia – 1%, and in Tatarstan – 2.5%.
"Tatarstan is growing 2.5 times higher than our federal pace for a reason. Tatarstan's economy is diversified, and the republic is a leader in experimenting with new opportunities and programs. In my opinion, the main source of growth and the potential to increase our growth rate from 1% to at least 2-3% is the use of new technologies and increased labor productivity. Almost all other sources have been exhausted," Alexander Isakov, Head of the Center for Macroeconomic Research at Sberbank, said during the meeting.
About Islamic (Partner) Finance
Last year, on May 13-18, the XVI International Economic Forum "Russia – the Islamic World: KazanForum" was held, which is the main federal platform for interaction with the countries of the Organization of Islamic Cooperation. 200 events, 148 sessions were held, 130 agreements were signed, and about 8.5 thousand experts from 96 countries, as well as 450 distinguished guests, took part in the business program of the forum. The total number of participants exceeded 22 thousand people.
A separate area of the Agency's work is related to the development of Islamic (partner) financing. In February, a three-day educational program was organized jointly with the General Council of Islamic Banks and Financial Institutions.
In September, an annual workshop on partner financing products was held, where participants shared the results of concluding Islamic deals, the work of halal sites, and plans to issue Islamic bonds.
"At the end of last year, the first office of AAOIFI in the CIS countries was opened, an international organization that develops accounting, auditing and Sharia compliance standards for Islamic financial institutions. The Iranian Bank in Tatarstan is working very effectively on the topic of Islamic finance. In the current conditions of monetary policy, the Islamic window is a window of opportunity," said the head of the Agency.
The experiment on Islamic finance was extended for another 3 years last year. The Congress of Islamic banks, organized by the National Bank of Russia, will be held for the first time in 2026 as part of KazanForum.
About new projects in the regions of Tatarstan
6 new residents started working in Alabuga, 12 new residents and 13 startups started working in Innopolis. 10 residents have been involved in the TORs, and 4 in the new Green Valley zone. In total, 72 new major investment projects have been accepted for support.
In 2025, 146 meetings of municipal investment councils were held. They reviewed 329 projects, 272 of which were approved. The leaders in the number of projects are Tukayevsky, Vysokogorsky, Nizhnekamsk, Laishevsky and Zelenodolsk districts.
"One meeting was held in Almetyevsk, Atninsky, Kamsko-Ustinsky and Spassky districts. In some areas, there is absolutely zero activity — these are Verkhneuslonsky, Pestrechinsky, and Tetyushsky districts. Colleagues, focus on the investors, now they need help more than ever!", Taliya Minullina addressed the heads of the districts.
About innovations
In September last year, the Agency launched a monitoring department that conducts on-site inspections of investment projects. His goal is not to catch the investor behind schedule, but to help him understand the situation, find a way out and assist in solving the issues that have arisen.
"This work has been carried out by the Agency before, but now its quality will improve. By communicating directly with investors, the department becomes a link between business and the leadership of the Republic of Tatarstan. We can promptly evaluate the results and effectiveness of the entire investor support system, and promptly transfer their requests to the Government level. Such a consistent policy of providing all necessary benefits and preferences, supporting import substitution, as well as its own technological sovereignty allows Tatarstan to remain a reliable business partner and helps improve the investment climate," said the head of the Agency.
According to the monitoring results, out of 101 large projects in the active phase, 45 require parameter changes, 8 will not be implemented. One of the main reasons is the problem with financing against the background of the economic situation, the second is the long–term preparation of land plots.
"We need to continue working on the support and monitoring of the implementation of investment projects, including through on-site inspections. I would like to appeal to both the auditors and the investors – do not take this audit as an audit. We understand that conditions have changed and any entrepreneur works in conditions of constant uncertainty. It is necessary to work together with the Agency to show these objective reasons. You can always reconsider, accept the terms and move on. We are interested in your investments and in the jobs that you want to create in our republic," First Deputy Prime Minister of the Republic of Tatarstan Rustam Nigmatullin said during the meeting.
The KIT (Tatarstan Investment Control) system helps with monitoring. It is finalized annually so that the investor can see at what stage the project is, and the government has a clear understanding of the reasons for the slowdown in its implementation.
"There are few foreign investments: if 102 new companies with foreign participation were registered in Tatarstan in 2024, then only 67 in 2025. On the other hand, the mere fact that 67 companies appeared on our market and started working in such a difficult situation is the result of large–scale activities in an international area," Taliya Minullina emphasized.