Investment Guide to the Republic of Bashkortostan | Ufa 2020
We are pleased to present the seventh edition of the Bashkortostan Investment Guide, a collaboration between Deloitte CIS, the local Ministry of Economic Development and the regional Development Corporation. Here you can find all the information you may need about investor incentives, promising investment opportunities and the region’s most developed industries.
Bashkortostan has ranked highly in investment attractiveness ratings in recent years due to its sound budgetary performance and the low public debt.
The regional government has worked hard to create an open investment environment, creating a one-stop-shop for business and investment, founding the Alga special economic zone and opening the Factory of the Future special-purpose business center. Investors can take advantage of tax incentives for priority investment projects, preferential lease terms and other benefits. However, despite the progress made by the regional government, we still face serious challenges ahead due to the current global economic situation. The region's economy will inevitably take a hit from the fall in oil prices and the decline in oil production and consumption, as well as the expected overall downturn in economic activity. There also remains a high degree of uncertainty surrounding the potential impact of COVID-19 on business and supply chains.
This guide contains a brief overview of the most promising investment opportunities in Bashkortostan. We are confident that it will help potential investors get a clear picture of the local economy and encourage entrepreneurial activity in the region.