Rustam Minnikhanov: We have to increase the income basis, establish new enterprises and provide new jobs

On September 9 at a session of Tatarstan Cabinet of Ministers Tatarstan President Rustam Minnikhanov said that the slowdown in industrial production is observed in the Republic of Tatarstan.

Three main issues were discussed at the session: main parameters of Tatarstan social and economic development, the forecast of Tatarstan consolidated budget, and the budget of Territorial fund of compulsory medical insurance for 2014 and planned period of 2015 - 2016.

Addressing participants of the session, Rustam Minnikhanov asked to reasonably relate to current economic situation. He said that oil prices reflect the state of global economy. The slowdown in global economic growth affects the republic since 50 per cent of industrial products go for export. We have to increase the income basis, establish new enterprises and provide new jobs, Rustam Minnikhanov said.

Upon the whole, Tatarstan President estimated the current economic situation in the republic as stable.

Rustam Minnikhanov asked Ministry of Construction, Architecture, and Municipal Economy, and Ministry of Transport and Roads to reconsider certain projects to avoid rising in prices for construction of budget-funded objects. He also called for paying attention to the cost of imported materials for road construction.