NEWS
The investment, economic and tourism potential of Tatarstan will be presented to businesses of Asia and Europe as part of a presentation at the V International Exhibition "China-Eurasia Expo 2015".
The exhibition will be held from 12 to 16 August in the city of Urumqi, Xinjiang Uygur Autonomous Region of China (hereinafter - the XUAR) and is positioned as one of the key business platform for business cooperation in Eurasia.
The main issue of the event: "The creation of the trading platform of the Silk Road. Promotion of mutually beneficial industrial cooperation between the countries of Eurasia".
The visit of Tatarstan delegation is organized by Tatarstan Investment Development Agency. The delegation includes the representatives of TIDA, the Ministry of Transport and Roads of the Republic of Tatarstan, the Republic of Tatarstan State Committee for Tourism, SUE "Racin", heads of some municipalities.
Tatarstan as a priority attracts high-tech investments, which contribute to higher productivity and improve the lives of Tatarstan as a whole. The most intensive relations of Tatarstan was formed with Xinjiang.
As Tatarstan Investment Development Agency (TIDA) Chief Executive Taliya Minullina notes, active work with the business community of China and other Asian countries is carried out in accordance with the assignment of the acting President of Tatarstan Rustam Minnikhanov. The need to intensify cooperation in this area Tatarstan President emphasized on Agency’s Board on February 3, 2015.
The representatives of business circles of Tatarstan visited Xinjiang in 2015 repeatedly; these visits were also organized by TIDA. So, in June, the delegation headed by Head of the Department of Commerce of Xinjiang Guangtao Xia, arrived in Tatarstan to discuss various possibilities to implement the concept of economic zone "Silk Road", as well as republic’s market research. On June 17 distinguished guests met with Acting President of the Republic of Tatarstan Rustam Minnikhanov in the House of Government.
From 28 to 30 July in Kazan hosted the exhibition "Export goods (investments) of the Xinjiang Uygur Autonomous Region of China".
The new requirements are fixed in the Decree of August 4, 2015 №794 «On the industrial parks and management companies of industrial parks". Decision made by the Ministry of Industry in pursuance of the Federal Law of December 31, 2014 №488-FZ "On industrial policy in the Russian Federation and the order of the Government of the Russia”.
Since 2014 BRICS association, created in 2008 as an informal club of leading developing countries, gradually began to turn into a powerful center of power that creates institutions that influence and even determine the global financial and investment flows. This process is natural: the countries occupy more than 25% of the land in the world, they are inhabited by 40% of the world's population and the economic potential of Brazil, Russia, India and China, as said the expert Jim O'Neill, is so that they will become the dominant economies of the world by the 2050.
On July 30, 2015 came into force an agreement on the pool of foreign exchange reserves. Pool is a resources designed to maintain financial and economic stability (including the minimization of risks in case of a strong capital outflow) and can be directed to the implementation of joint investment projects (mostly in local currencies).
The functioning of these pools is a worldwide practice. So, one example is the European Stability Mechanism.
The central banks of the BRICS reserve a significant amount. Russia, India and Brazil will contribute 18 billion dollars each, China - 41 billion, South Africa - 5 billion.
However, the Chairman of the Central Bank of Russia Elvira Nabiullina emphasized: "We see no reason to believe that any of the participating countries will be in a conditions when they be forced to use this tool in the foreseeable future".
This means that the economic situation is stable and now is the best time for investing in Russia, including Tatarstan.
New, officially accredited object of investment infrastructure in Tatarstan became the industrial park "M-7", which is located in Zelenodolsk region of the republic on the highway M-7 near the JSC "Kazanorgsintez". The basic profile is a polymer processing, machine building, metal working, construction materials.
Today, July 31, Tatarstan Investment Development Agency Taliya Minullina met with a large delegation of businessmen of St. Petersburg and Leningrad region. The event was held at TIDA conference hall.
The delegation consists of more than 20 business leaders who represent various spheres, including hospitality, tourism and logistics. The program of the visit (July 29-August 2) includes business meetings and visits of innovation and investment infrastructure sites of the republic.
The Central Bank of the Russian Federation has announced the creation of a new credit rating agency. Estimated date of the start is the fourth quarter of 2015.
"It is planned that the Agency will have the capital of 3 billion rubles with an equal distribution of shares among investors (banks, insurance and management companies, as well as issuers) in the amount of up to 5%. Advance subscription for the shares will be held before the end of August 2015", - says the Press Service of the Bank of Russia.
The exhibition of the SUAR of People's Republic of China companies is a one more stage of cooperation of Tatarstan with China
From 8 till July 30 in Kazan in the territory of pavilion No. 1 of the exhibition center "Kazan Fair" there takes place the exhibition of the companies of Xinjiang Uyghur Autonomous Region of People's Republic of China. Tatarstan Investment Development Agency Chief Executive Taliya Minullina told about value of action for development of the relations of Tatarstan and SUAR: "The investment exhibition of export goods of SUAR of People's Republic of China" is a one more stage of cooperation of Tatarstan with China. In 2015 delegations of SUAR several times visited Tatarstan, business visits are organized by Tatarstan Investment Development Agency. For example, in June the delegation which was headed by the Head of the Department of commerce of SUAR of People's Republic of China Xia Guangtai, arrived to Tatarstan for discussion of various opportunities of implementation of an economic belt "Silk Road" concept, and also studying of the republic's market. In the spring China signed the contract for rent with the Kazan Fair. At an exhibition the large Chinese companies which carry out activity in such spheres as agriculture, the textile industry, tourism, recreation are presented. A business community of the People's Republic of China studies the market of Tatarstan further to consider possibility of localization of their capacities in the territory of our republic. Cooperation in the economic and investment sphere means interaction on a wide range of questions, for example, trade. For any investor the extremely important aspect - sale. The population has not absolutely right impression about quality of the Chinese goods. There is an opinion that it is cheap and quality not good. However, China is really able to do cheap goods, but it is also necessary not to forget that all today world brands make high-quality production by forces of China. The exhibition which opened in Kazan today, is an opportunity gor chinese producers to find trade partners in Russia.
TIDA Press Service
Photo report: http://www.expokazan.ru/rus/novosti/? id=8820
Today in the House of Government of the Republic of Tatarstan held a regular meeting of the Board of Directors of JSC "Tatneftekhiminvest-Holding", chaired by Acting President of the Republic of Tatarstan Rustam Minnikhanov. The event was attended by Tatarstan Investment Development Agency Chief Executive Taliya Minullina, a member of the board of directors of the company.
With one of the presentations at the meeting presented the representative of the global brand 3M - a top manager of JSC "3M Russia" Peter Korotkov, who spoke in detail about the activities and new technology of the company.
So, during the presentation the top manager described the high-tech (downhole ceramic sand) filters through which oil production can be carried out almost in any environment.
Due to such properties as hardness, corrosion resistance and special design provides a high resistance to erosive wear and critical sand aerial phenomena, laminar flow, and the inability to lock channels. Use of these devices can increase the turnaround time of the well, to ensure getting the fluid without sand, to prevent proppant particles and gravel packing, protect the downhole and surface equipment, that is, eliminate the extra costs of repair and replacement of equipment.
TIDA Chief Executive Taliya Minullina emphasizes the value of investors of global brands to the country and the republic:
«3M - it is the world's largest brand. What they now went to Tatarstan, says about the prospects of the Russian market. This is one of the few global companies that spends a lot of money on developing innovations that extremely important for us. Innovative solutions are rarely cheap, many of these solutions are really much money, but in the long term strategic economic benefits we get due to the effect they produce.
A striking example of this innovation - the pipe project. Coverage 3M ™ Scotchkote ™ Pipe Renewal Liner 2400, is sprayed by centrifugal installation on the inner surface of the pipe, allows trenchless repair of water supply systems. As a result, the service life of infrastructure increases by more than 50 years, there is a reduction of works by almost 90% on opening, filling and restoration of pavement over the work related to the complete replacement of the pipeline".
The first line of the plant in the SEZ "Alabuga" is ready to work and by the end of 2015 will produce anti-corrosion coatings for the oil and gas industry. Expected production capacity - 2.5 million liters per year. 3M Anti-corrosion coatings are already used in the construction of pipelines "Power of Siberia", "Turkish Stream", "Central Asia-China".
Recall that 3M investment projects in Tatarstan accompanies by TIDA. Today, the company is working closely with Group of companies "TAIF" and prepares proposals for PJSC "Tatneft".
Within the meeting was also a keynote speech on the results of activity of the enterprises of petrochemical complex of the republic in the first half of 2015 by holding's CEO Raffinat Yarullin. As he said, the production growth amounted to 1.2%. Products delivered cost of 579 billion rubles, which is 16% more than the same period in 2014.
TIDA Press Service
On July 24, Tatarstan Investment Development Agency held a working meeting with the delegation of the Republic of Karelia.
Representatives of business circles of the north-western region of the Russian Federation arrived in Tatarstan to exchange experience in the sphere of economic and investment policies and establishing and strengthening business ties.
Head of the delegation, Deputy minister of economic development of the region Sergey Alimpiev emphasized that Karelia is interested in studying the successful experience of Tatarstan in the creation of support of investment infrastructure and entrepreneurship, the administration of territories with special economic status, practical implementation of regional investment standard.
"We understand the logic of Tatarstan: attract investments, funds for their land - create the objects of a real estate and industrial companies, economic growth, new jobs, increasing tax revenue", - said Sergey Alimpiev.
As part of the visiting program on July 23-24 the delegation visited the objects of investment infrastructure in Tatarstan (in particular, technopolis "Himgrad") and a number of industrial enterprises, held meetings at the Ministry of Economy of Tatarstan and several other ministries.
TIDA Press Service