Tatarstan Industry and Trade Ministry holds joint staff meeting with Economy Ministry

The meeting sums up the republic’s 2012 socio-economic and industrial performance.

(Kazan, February 14, Tatar-inform, Ayaz Ismagilov). Tatarstan Industry and Trade Ministry top officials today hold a joint meeting with Tatarstan Economy Ministry counterparts, with President of Tatarstan, Rustam Minnikhanov, attending. Other attendees are Russian deputy industry and trade minister, Gleb Nikitin, and other officials.

Tatarstan economy minister, Midkhat Shagiakhmetov, made a keynote report on the 2012 socio-economic development and prospects amid global competition. Tatarstan industry and trade minister, Ravil Zaripov, reported on the republic’s industrial and consumer market progress.

In 2012, industrial manufacturing in Tatarstan totalled 1,410 billion roubles, an increase of 107 percent seen to 2011. The average monthly pay in the industrial sector climbed up to 25,640 roubles, which is 13,6 percent more than in 2011. Productivity in the industrial sector totalled in average over 1.7 million roubles per employee, an increase of 106 percent. The figure was substantially lower than the growth in salaries, M. Shagiakhmetov said, which was alarming.

Investments in the main industrial assets were over 190 billion roubles, 5 billion attracted within federal target programmes.

A substantial growth was achieved in the petrochemical sector in terms of product shipment that was worth 865 billion roubles, with the industrial production index being 109 percent. In 2012, over 2.5 thousand new highly productive jobs were created in the republic, and tax proceeds were increased.

Retail trade in 2012 totalled over 650 billion roubles, wiht a growth of over 116 percent, over 180 new stationary retail, catering and consumer services entities opening.

Tatarstan’s foreign trade in 2012 exceeded $26 billion, showing a growth of 102.4 percent.

Foreign investments brought into the local economy in 2012 totalled over $700 million, direct investments, being $577 million, increasing more than five-fold.