NEWS

On Friday, Nizhnekamskneftekhim’s (NKNC) BoD scheduled the AGM for April, 18th. The record date to participate at the AGM is March, 2nd. The AGM is to consider the dividend for 2012. If the company maintains its pay-out ratio, the dividend yield should make up 10% for NKNC and 11.5% for NKNCP, under the current price levels.

At a session of the Commission for development of general aviation under the Russian President, President of Tatarstan Rustam Minnikhanov said that Tatarstan is ready to become a pilot region for developing general aviation projects. 

The session was held at the international airport “Kazan” with participation of Chairman of the Commission for development of general aviation Yury Trunev, Counsellor to the Russian President Igor Levitin, Russian Minister for “Open Government” affairs Mikhail Abyzov, representatives of Federal Air Transport Agency and several federal agencies.

On February 25, a final session of Tatarstan Investment Development Agency with participation of Tatarstan’s Prime Minister Ildar Khalikov was held within the framework of Kama investment forum in Naberezhnye Chelny IT-park. 

Chief executive of Tatarstan Investment Development Agency Linar Yakupov reported on activity of the agency in 2012 and determined tasks for 2013. He informed that for the beginning of 2013, 187 investment projects for the sum of 460 bln rubles were under development. 

According to Linar Yakupov, the sum of direct foreign investments increased six times as much and made 577 mln dollars. The priority task for Tatarstan Investment Development Agency in 2013 is to increase this sum to 1 bln dollars.

Linar Yakupov said that 60 per cent of the sum accounted for the Special economic zone “Alabuga”, most attractive place in Tatarstan for major foreign investors.

President of Tatarstan Rustam Minnikhanov has met with “Ernst & Young” top managers at the RT Government House. Minister of informatization and communications Roman Shaikhutdinov, Minister of economy Midkhat Shagiakhmetov, Aide to the RT President Airat Khairullin presented the Republic of Tatarstan at the meeting.

“Ernst & Young” managing partner for Russia Aleksandr Ivlev told about current situation, company’s achievements on Tatarstan market. The parties discussed prospects of further cooperation between Tatarstan and “Ernst & Young”. 

Today the Ministry of Finance of the Republic of Tatarstan participated at Citizen visiting day in Cheremshan area.

5 people that signed up to the reception have received answers to their questions.

The introduction of a property tax, calculated from the cadastral value of the objects for businesses is possibly outside the five-year perspective.

This opinion was expressed today to the journalists by the head of tax and customs tariff policy of the Ministry of Finance of the Russian Federation Ilya Trunin.

 

A working visit of the Tatarstan President Rustam Minnikhanov to the United Arab Emirates started in Abu Dhabi. As a member of the Russian delegation Rustam Minnikhanov met with Minister of foreign trade of the United Arab Emirates Sheikha Lubna Khalid al Qasimi.

The Russian delegation is led by Minister of industry and trade Denis Manturov. Ambassador of the Russian Federation to the United Arab Emirates Andrey Andreev, Director General of OAO “Ak Bars Holding” Ivan Egorov, Aide to the RT President on international issues Radik Gimatdinov participated in the meeting.

At a final session of the Tatarstan Ministry of economy and Ministry of industry and trade President of Tatarstan Rustam Minnikhanov said: “Tatarstan economic results of 2012 demonstrate successful development of republic. At the same time, the republican economy faces new challenges, in particular, we need to increase labour productivity.” 

Russian Deputy Minister of economic development Oleg Saveliev, Deputy Minister of industry and trade Gleb Nikitin, Chairman of the RT State Council Farid Mukhametshin participated in the event.

President of Tatarstan announced main figures of Tatarstan’s economic development according to results of 2012. Thus, GRP has increased by 5,5 per cent, and made 1,415 trillion rubles. Industrial output has increased by 7 per cent, manufacturing of oil products – by 26 per cent, engineering produce- by 27 per cent, metallurgical produce - by 26 per cent, production of rubber and plastic goods – by 11 per cent. 

Rustam Minnikhanov noted that among Russian regions republic took 5th place by GRP, 6th place – by industrial output, 4th place – by amount of capital investments, and 3d place – by agricultural output. 

“Our great achievement is seen in positive demographic situation. In 2012 by 5100 children more were born in republic. The duration of life continues to increase. Average salary made 23240 rubles. Today we would like to summarize results of 2012, discuss issues of competitive recovery of economy and labour productivity,” Rustam Minnikhanov said.