Tatarstan President: our task to ensure GRP at least RUB 5 trillion by 2030

6 March 2020, Friday

Our task is to ensure the republic’s gross regional product (GRP) in the amount at least RUB 5 trillion by 2030. This was announced today at the final Collegium of the Ministry of Industry and Trade of Tatarstan by President Rustam Minnikhanov.

The main report entitled “Results of Industrial and Consumer Market Development in Tatarstan in 2019, Tasks for 2020 and Prospects until 2024. National Projects in Industry” was delivered by Deputy Prime Minister and Minister of Industry and Trade of Tatarstan Albert Karimov.

During his speech, the Tatarstan President emphasised that all 40 republic’s programmes were implemented in the republic in 2019. Own budget revenues of Tatarstan, according to President Minnikhanov, amounted to almost RUB 300 billion. This is a big figure, he stressed, but there is serious potential for growth.

At the today’s Collegium of the Tatarstan Ministry of Industry and Trade, Deputy Prime Minister Yuri Borisov recalled that the country’s leadership has been able to take unprecedented steps towards reducing the debt burden of defence industry.

Speaking about the economic development of Tatarstan in 2019, Yuri Borisov stressed that the industrial production output in the region reached RUB 2.8 trillion.

He also said that our manufacturing industry would have an opportunity to develop by only relying on own domestic producers, on domestic markets. Serious reserves for the growth of the Russian economy are laid in national projects, he noted.

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