On 28 April 2016, the signing of the Memorandum for preventing unjustified price growth for socially important bread in Tatarstan by bread producers and trade organisations took place in the Tatarstan Ministry of Industry and Trade.
The document was signed, in the presence of Tatarstan Deputy Prime Minister and Minister of Industry and Trade Albert Karimov and Business Ombudsman under the Tatarstan President Timur Nagumanov, by Bulat Kutdusov (Director General of AO BKK), Ildar Nikiforov (Chairman of the Board of Tatarstan Union of Bread Producers), representatives of trade chains Emil Bagirov (Director of the Volga Division of Pyatyorochka federal trade chain (X5 Retail Group)) and Vadim Makheyev (Director General of OOO Optovik, Essen retail chain).
Head of the Tatarstan Ministry of Industry and Trade Albert Karimov emphasised that “in the conditions of the current economic situation, the main task is to prevent an unjustified price growth for socially important bread, to extend as much as possible the number of trade chains and producers that would sign a resolution on joining the Memorandum and would abide by its provisions in good faith.