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Tatarstan presents its economic potential to European investors

April 10, 2012, 23:39 UTC+3

The presentation was held on Tuesday within the framework of the first visit by Tatarstan’s president Rustan Minnikhanov

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LUXEMBOURG, April 10 (Itar-Tass) —— Russia’s republic of Tatarstan has demonstrated its economic potential to European investors in a presentation held at the Luxembourg Chamber of Commerce and Industry.

The presentation was held on Tuesday within the framework of the first visit by Tatarstan’s president Rustan Minnikhanov.

Adressing European investors, Minnikhanov noted that in 2011 the Forbes magazine rated the republic among Russia’s top 30 regions in terms of the business environment.

“Our republic has a good credit rating [Ba1/BBB] and a positive investment image. Tatarstan has one of Russia’s most reliable banking systems, after Moscow. The Republic of Tatarstan tops the list of Russian regions in terms of foreign investments,” he stressed.

Touching on proposals to European companies, Minnikhanov offered Luxembourg investors to “look at launching their production lines in the Alabuga special economic zone in Tatarstan, which already has many European residents.”

According to the Tatarstan president, there is a vast potential for expanding cooperation with Luxembourg-based companies in the “areas of high technologies, machine-building, car component production, medicine, energy-saving technologies, investment and banking activity, logistics, etc.”

“Large-scale preparations for the World Summer Student Games to be held in Tatarstan’s capital in 2013, for the world water sports championship in 2015, and for the World Football Cup in 2018” present a wide area of cooperation, he noted.

On Tuesday, Minnikhanov had meetings with Prime Minister of Luxembourg Jean-Claude Juncker and Minister of Economy and Foreign Trade Etienne Schneider. Apart from that, the delegation from Tatarstan visited the telecommunications control centre of Europe’s largest satellite company SES Astra.


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