Meeting in the RT Ministry of Economy and Industry

Social and economic development of the Republic of Tatarstan in 2004 and tasks for 2005 were a main topic of discussion during the enlarged session of the board of the Ministry of Economy and Industry on February 28. RT President Mintimer Shaimiev, RT Prime Minister Rustam Minnikhanov, and Chairman of the RT State Council took part in the work of the board.

The competitiveness of the economy of the whole country in many respects depends on the way the economy of Tatarstan would work, Mintimer Shaimiev said. Yet processes of reforming will not be effective without the growth of incomes of our citizens, and all our ideas will remain on paper. The main task of today is to reach a high level of wage for employees irrespective of the sphere of work, the President marked.

In his report the RT Minister of Economy and Industry Aleksei Pakhomov focused on main indices of the development of the republic in 2004. The gross regional product, according to preliminary estimations, made 379.8 billion roubles and increased by 6 per cent as compared to 2003. The volume of industrial output made 348.4 billion roubles.