Rustam Minnikhanov holds regular meeting of the Economic Council of the Cabinet of Ministers of the Republic of Tatarstan

On Aptil 18, speaking at a meeting of the Economic Council of the Cabinet of Ministers of the Republic of Tatarstan Interim Tatarstan President Rustam Minnikhanov said that the index of industrial production in the first quarter of 2015 made 99.5% as compared with the same period last year in Tatarstan.

The meeting of the Economic Council held at Tatarstan Government House was dedicated to implementing the Priority Action Plan for sustainable economic development and social stability of the republic in the first quarter of 2015.

Opening the meeting, Minnikhanov said that earlier this year it was decided to take measures to ensure sustainable economic development and social stability of the region, taking into account the current economic situation.

"The situation is changing and positive trend is that the oil price is going up. However, there is no guarantee that this trend will be the same in the future," Minnikhanov said. Commenting on the index of industrial production in the first quarter of 2015, he said that there were more negative forecasts.

Interim President of Tatarstan also said that inflation for the first quarter made 5.9%. He stressed that, due to difficulties with lending and attracting financial resources there are some difficulties in the industry, particularly in engineering.