Tatarstan ranked 5th among federation entities and1st in Volga Federal District by housing construction

On August 13, during signing the agreement on minimum wage in the Republic of Tatarstan by the Federation of Labour Unions of the Republic of Tatarstan, Coordination Council of Employers’ Associations of the Republic of Tatarstan and Cabinet of Ministers, Prime Minister Ildar Khalikov said that the Gross Regional Product (GRP) made 746,8 billion roubles in the first half of 2014.

The growth rates in comparable prices made 101,2 per cent, the industrial production index made 100,6 per cent to the relevant period last year.

Quite good growth rates are observed in trade sector (5,5%), there is a decrease in contractor construction works (95,9%) and agricultural sector (99,4%).

At the same time, attraction of investments and production modernization are underway, investment projects are being implemented. The amount of capital investments made 78 billion roubles in the first quarter of 2014, the Prime Minister continued.

1.2 million m ² of housing was commissioned in the first half of 2014. In this regard Ildar Khalikov noted that Tatarstan was ranked 5th among federation entities and1st in Volga Federal District by housing construction.

In accordance with Russian President’s May Decrees, all necessary measures are being taken in Tatarstan to increase the wage of workers of non-profit organisations, the Prime Minister said.

Thus, the wage increase in educational sector made 16,8%, in health care and social industry - 17,3%, in the sphere of culture and art - 30,2%.