On October 3 Tatarstan State Counsellor Mintimer Shaimiev met with Secretary General of Organization of Islamic Cooperation (OIC) Ekmeleddin İhsanoğlu, who is taking part in the International economic summit of Russia and OIC countries Kazansummit 2013, in Kazan Kremlin. At the beginning of the meeting Mintimer Shaimiev noted: “We are always grateful to Ekmeleddin İhsanoğlu that he, being head of powerful international organization, OIC, drew his attention to Tatarstan in important period of our development and opened the door to Muslim world for us. This significant event has become part of the contemporary history of our republic.”
Finance Minister Anton Siluanov sees risks to regional budgets in case of transfer of revenue to the local level on the simplified system of taxation.
" When we consider the question of the transfer of revenue sources not subject to the authority at the level of local government , I see certain risks to balance regional budgets ," - he said at a government meeting.
Russian Prime Minister Dmitry Medvedev said earlier Thursday that the Ministry of Economic Development offers to transfer incomes of "simplified taxation" to local budgets in 2015. Nowadays profits of "simplified taxation" comes into regions, but budgetary strategy provides their transfer to the municipalities.
Finance Minister Anton Siluanov considers risky to provide small and medium enterprises (SME ) loans from the National Welfare Fund (NWF ) .
" All the same accommodation NWF should be strictly in safe assets that provide safety and profitability. Course , loans to small and medium-sized businesses - it is a high-risk operation," - he said , speaking at a government meeting on Thursday .
Ministry of Economic Development proposes to allocate from the National Welfare Fund 100 billion rubles, send them to the deposits in the VEB at the rate of inflation plus 1% , so that it became a source of funding for long-term loans for small and medium businesses. This , according to the agency's head Alexei Ulyukayev , will give the final credits at the rate of 10 % per annum for 10 years. This, in turn, can provide a 50 % increase in the volume of investment projects for small and medium businesses.
On October 2 at his meeting with delegation of United Arab Emirates led by Deputy Minister of Economy Abdullah Al-Saleh within the framework of V international investment forum Kazansummit Tatarstan President Rustam Minnikhanov thanked members of the delegation for participation in Kazansummit this year.
On October 2 within the framework of V international investment forum Kazansummit’13 Tatarstan President Rustam Minnikhanov met with Vice-Speaker of the Federation Council Ilyas Umakhanov.
On October 2 at his meeting with Undersecretary of Qatar Ministry of Economy and Commerce Sultan Al-Khater within the framework of V international investment forum Kazansummit Tatarstan President Rustam Minnikhanov said that Tatarstan and Islamic countries have common history, culture and religion, but at the same time business relations are not well developed. He added that Kazansummit is a window on Russia for Islamic world.
On October 2 Tatarstan President Rustam Minnikhanov, Vice-speaker of the Federation Council Ilyas Umakhanov, Chief Executive of Tatarstan Investment Development Agency Linar Yakupov, Head of Laishevo region Mikhail Afanasiev, Head of AJM Planning Design Group (APUDG), Chief Architect of “Smart City Kazan” Norliza Hashim, Director General of Tatarstan Gulf Investment Company Khalid Al Jassim, representatives of foreign and Russian investors, state authorities, building companies and architects took part in a solemn foundation stone laying ceremony of “Smart City Kazan” in Laishevo region.
On October 2 at his meeting with Managing Partner of PwC Russia David Gray, Tatarstan Prime-Minister Ildar Khalikov said that PricewaterhouseCoopers is a long-time and reliable partner of Tatastan in a number of projects and there is great potential for further cooperation.
Opening the meeting, Head of Tatarstan Government congratulated PricewaterhouseCoopers, the partner of Executive Committee of Universiade, on successful completion of the Games. “We are cooperating in other areas as well. We are very pleased that you accepted our proposal to cooperate with Kazan Federal University,” Ildar Khalikov noted.
On October 2 at a business breakfast that opened V international investment forum Kazansummit Tatarstan President Rustam Minnikhanov said that the forum makes Russia and Islamic world closer and it is a wonderful place to hold business meetings.
He added that the event also gives an opportunity to present Tatarstan potential. He wished participants of the forum to enjoy their visit to Kazan and establish new contacts.
Vice-speaker of the Federation Council Ilyas Umakhanov welcomed the audience: “Our business breakfast is dedicated to myths about Russia. And as we say better see once than hear about it ten times. In Kazan we can see and hear each other.”
Representatives of biggest foreign companies shared their impressions about working in Tatarstan noting that it is a reliable partner and place to make foreign investments.
The Ministry of Finance expects that in the future, after the adoption of relevant legislation, Russian banks will be able to securitize the domestic market not only mortgage loan portfolios, said Deputy Finance Minister Alexei Moiseev, speaking at the forum "Russia Calling" organized by "VTB Capital".
He noted that in the first reading and preparing for the second reading of the bill has already passed by the Parliament. This bill introduces in the Russian law concepts such as special financial holding company.