Tatarstan sets up Investment Development Agency

The Committee for Small and Medium Enterprise Development has been converted into a new entity.

President of Tatarstan Rustam Minnikhanov has decreed to transform the Committee for Small and Medium Enterprise Development into the Tatarstan Investment Development Agency. The dissolved committee’s chairman Linar Yakupov has headed up the new body.

The decree stipulates that the Investment Agency is an executive authority of special competence that manages the development of investment activities within public private partnership and private investments inside Tatarstan, and provides integrated supervision of investment projects. The agency is a successor to the Committee for Small and Medium Enterprise Development, including on the obligations set forth in concluded agreements and contracts. The Investment Development Agency’s chief is included in the Tatarstan Cabinet of Ministers.

The government is instructed to ensure the implementation of measures aimed to transform the Committee for Small and Medium Enterprise Development into the Investment Development Agency of Tatarstan.