Investments into Tatarstan fixed capital for 5 years will increase almost twice

The investments into fixed capital of Tatarstan enterprises by 2010 will almost be doubled in comparison with parameter of 2004 and make about 160 billion roubles.

Such a forecast is made in the project of social and economic development program of the republic for 2005-2010, prepared by RT Government . On the part of the state the commodity producers, making goods - leaders will be supported. Among them, in particular, are named products of deep oil refining ( tyres, polythethylene, rubber, etc.), oil, aircraft engineering, automobiles, wood processed products.

According to the estimated data, the mid-annual need of republic's economy for investments equals to the sum about 100 billion roubles. Deficiency of investment resources makes 30-35 billion per year. The accrued foreign capital in the economy by the beginning of 2005 has made 910,6 million dollars. In 2004 it was attracted 596,1 million dollars of foreign investments