NEWS


30
July 2012
Monday
July 30, 2012 in the Ministry of Finance of the Republic of Tatarstan meetings with ministries and agencies on the implementation of new branch system of wage regulation and funding in the institutions of education, culture, health and social services took place. Experts discussed activities and plans for the future.
 A regular session of OJSC Tatneft Board of directors chaired by the Tatarstan President Rustam Minnikhanov was held in the House of RT Government today. Outcomes of budget execution of OJSC Tatneft for the first half of 2012 have been discussed, and august budget has been approved.

Members of the board discussed information about adoption of modern automation technologies of industrial processes in oil-producing and petrochemical sectors. It has been noted that almost all production stages in the company are provided with efficient information systems, including automation at the brigade level and corporate top management systems. The mentioned complexes are integrated in a single information environment which makes company management more structured, transparent and efficient.
Session of OAO “Tatneftekhiminvest-holding” Board of directors was held by the Tatarstan President Rustam Minnikhanov at the Tatarstan Government House today.

Director General of the holding Rafinat Yarullin told about outcomes of activity of oil-gas-chemical enterprises in the first half of 2012. He said that an expected new wave of global economic crisis had been widely discussed since spring of 2012. At the same time, Russian and Tatarstan statistics does not show any crisis signs.

For six months Tatarstan’s industrial production index has made 106.4 %. The amount of construction works has increased by 9 %; turnover of retail trade – by 20 %; real wage – by 16%. Unemployment rate has reduced.


28
July 2012
Saturday
Meeting held with the Ministry of Economy of the Republic of Tatarstan, the republic sectoral ministries and departments. Experts discussed preparation of the budgetfor 2013-2015. Issues of tax payments in the first half of 2012 and forecasts for the second half of 2012 were also considered.

27
July 2012
Friday
President of Tatarstan Rustam Minnikhanov held a working meeting with owner of the investment company Eastern Beverage Company S.A. Neil Smith and Chairman of “Soyuz-Viktan” Board of directors (Ukraine).

The event took place at the House of RT Government with participation of “Crimean vodka company” Director General Jonathan Weil; Deputy RT Prime Minister – Minister of industry and trade Ravil Zaripov; RT Minister of finance Radik Gaizatullin; Chief of RT State inspection on state control over production, turnover and quality of ethyl alcohol, alcohol produce and protection of consumer rights Igor Marchenko; JSC “Holding company “Ak Bars” Director General Ivan Egorov; JSC “Tatspirtprom” Director General Giorgy Kupriyanov.

25
July 2012
Wednesday
A meeting on the reduction of arrears of budgetary credits was held  at the Department of Treasury. The meeting was attended by First Deputy Minister of Finance - Director of the Department of Treasury Marat Faizrakhmanov, Deputy Director Alfia Mingazova, head of analysis and strategy Dmitry Chekulaev and head of legal department Roman Sidakov. The planned amount of repayments of principal and interest was announced at the meeting.
Ministry of Financesupported the proposal ofthe State Duma deputyE.Bychkova("Spravedlivaya Rossiya") to exempt fromtaxationon personal incomefamilies with many childrenreceivedin the form offreeland.The relevant draftreviews ofthe bill,amendingArticle 217of the TaxCode,published on the websitethe Ministry of Finance.

The bill provides an exemption from personal income tax revenues in the form of land granted to the property free of charge to citizens who have three or more children.

Ministry of Financeis developingvariants ofthe federal budget,considering an oil priceof 60 and 80 US dollars per barrel” - said Deputy Finance MinisterAlexei Lavrov, speaking at a meeting ofthe Russiancommissionfor regulation of social-labor relations.

"We perform a stability check - stress-testing of the federal budget for the abrupt changes in external conditions. Calculated what would happen with state budget incomes at an oil price of 80 or 60 US dollars per barrel”- said A. Lavrov. According to him, such "anti-crisis budget" criteria were not considered in the official forecasts, but formed exclusively for the study of the response in the event of a crisis.

23
July 2012
Monday
“Activity of the Tatarstan financial, tax and treasury agencies has been stable in the first half of 2012, we have no serious remarks,” President of Tatarstan Rustam Minnikhanov stated at a republican meeting today.

The meeting was held at the Government House in format of video conference with all municipal regions.

The event was attended by Tatarstan’s Prime Minister Ildar Khalikov, State Council Chairman Farid Mukhametshin and others.

Summing up the republican meeting, Rustam Minnikhanov asked focusing on enterprises which permitted reduction of the income tax. Sectoral ministries, financial, tax and treasury agencies are required to work with these enterprises. The RT President also asked to resolve the situation with enterprises having debts on payment of personal income tax. “Budget revenues must be performed to ensure stability. Budget funds must be spent efficiently for realization of certain tasks,” he noted.

19
July 2012
Thursday
The Ministry of Finance continues the discussion of introduction of the patent system of taxation in the Republic of Tatarstan. Meeting was attended by representatives of the Office of the Federal Tax Service of the Republic of Tatarstan and the Financial Management of the Executive Committee of Kazan. The problems of determining individual entrepreneur's resulting annual income were examined.

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