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Guide to Investment
Republic of Tatarstan
PwC Russia (www.pwc.ru) provides industry-focused assurance, advisory, tax and legal services. Over
2,000 professionals working in PwC offices in Moscow, St Petersburg, Ekaterinburg, Kazan, Novosibirsk,
Krasnodar, Yuzhno-Sakhalinsk and Vladikavkaz share their thinking, experience and solutions to de-
velop fresh perspectives and practical advice for our clients. Global PwC network includes over 161,000
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PwC first appeared in Russia in 1913 and re-established its presence here in 1989. Since then, PwC has
been a leader in providing professional services in Russia.
According to the annual rating published in Expert magazine, PwC is the largest audit and consulting
firm in Russia (see Expert, 2000-2011).
This overview has been prepared in conjunction with Tatarstan Investment Development Agency (TIDA).
This publication has been prepared for general guidance on matters of interest only, and does not con-
stitute professional advice. You should not act upon the information contained in this publication with-
out obtaining specific professional advice. No representation or warranty (express or implied) is given
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information contained in this publication or for any decision based on it.
Welcome letter from the
President of the Republic of Tatarstan
Rustam Minnikhanov
Foreword
Tatarstan Investment
Development Agency
General information on Tatarstan
• Overview
• Education and science
• Workforce
• Sport events
• Transport infrastructure
The Republic of Tatarstan’s strategic
economic development priorities
• Chemicals and petrochemicals
• Machinery and metal processing
• IT and telecommunications
• Agriculture and food processing
• Construction
• Health care and pharmaceuticals
• Services and tourism
• Halal industry
Investment climate
• Government non-profit organisations
• International investment forums
• Investment website
Investment infrastructure
• Special Economic Zone Alabuga
Brief data points illustrating
Tatarstan’s economic
and investment potential
• GRP and GDP
• Industrial production
• Investment in fixed capital
• Foreign investments
• Foreign trade
Leading banks operating in Tatarstan
Contacts
Contents
4 25
28
6
36
8
10
40
16
42
PwC | Republic of Tatarstan | 3
Welcome letter by the President
of the Republic of Tatarstan
Rustam Minnikhanov
Today, it is widely recognised that Tatarstan
has significant potential in terms of attrac-
ting direct investment, primarily from fore-
ign countries. Leading consultancies rank
the republic among Russia’s most favourable
regions in terms of investment climate and
business opportunities. International rating
agency Moody’s gave Tatarstan a Ba1 invest-
ment rating, while rating agency Fitch gave
it BBB, indicating that the region’s economy
is both a highly reliable and attractive desti-
nation for investment. Today 1,044 commer-
cial organisations with foreign investment
are registered in Tatarstan, of which 472 are
wholly foreign owned.
Tatarstan has established its own Tatarstan
Investment Development Agency to ensure
effective collaboration between the authori-
ties and investors. This agency joined the
World Association of Investment Promo-
tion Agencies (WAIPA) in September 2011.
The Agency’s key objectives are promoting
Tatarstan in the global economy, attracting
investors to the republic, and supporting
ongoing investment projects.
The Republic of Tatarstan is actively wor-
king to develop modern industrial sites
with diverse profiles, as well as industrial
parks and business process outsourcing
centres, which provide a favourable envi-
ronment and meet investor requirements.
Dear friends,
It gives me great pleasure to introduce you to
the Republic of Tatarstan, one of Russia’s fastest-
growing regions, located at the intersection of
strategic trade routes connecting northern and
southern Russia, as well as Asia and Europe.
4 | Guide to Investment | PwC
Special Economic Zone Alabuga is the best
known of all such business platforms. Its
residents have access to a fully established
manufacturing, engineering, utilities, trans-
port and customs infrastructure, while also
enjoying a number of tax and customs ben-
efits. Other facilities include Technopolis
Himgrad, which was specially designed for
chemicals and polymer processing compa-
nies, and the Kama Industrial Park (KIP)
Master, which was specifically designed for
heavy engineering enterprises and is one of
the republic’s prized initiatives. We are also
currently working on the SMART City Inter-
national Exhibition and Conference Centre
project, which will include an expo centre
and congress halls, an international educa-
tion centre, and an international health and
recreation centre.
The Republic of Tatarstan is consistently
implementing projects to develop industrial
and park areas. Tatarstan’s legislation is in
line with modern standards, and guarantees
and protects the rights of investors. The rele-
vant legislative base comprises the laws “On
Foreign Investments” and “On Investment
Activities”. A law “On public-private part-
nerships” was recently enacted in Tatarstan,
which creates the essential conditions for ex-
panding the number of PPP-based projects.
Particular attention should be paid to the de-
velopment of Tatarstan’s transport network.
Airlines, motorways, railways and navigable
rivers constitute the core of this network.
From a transport perspective, Tatarstan is
located at a critical crossroads, linking the
Urals, Siberia and the Far East with Euro-
pean Russia and a number of CIS countries.
We can state with confidence that we are
moving in the right direction, given that
such internationally recognised companies
as Ford-Sollers, Rockwool, Hayat Group,
Daimler, Lufthansa, Schneider Electric and
Fujitsu have all chosen Tatarstan as a place
to do business.
I can assure you that the key economic pol-
icy priorities of Tatarstan’s leadership have
always been, and will continue to be, aimed
at making the republic more attractive for
the global investment community, and sup-
porting business development and entrepre-
neurial initiatives.
We would be delighted to welcome you as a
business partner, and wish you every success
in carrying out your projects here, in the
Republic of Tatarstan.
Yours faithfully,
Rustam Minnikhanov
President of the Republic of Tatarstan
PwC | Republic of Tatarstan  |  5
Foreword
The Republic of Tatarstan is an undisputed
leader in Russia both in terms of economic
growth and investment appeal. Located in the
heart of Russia, Tatarstan is convenient for
investors not only because of its geographical
location, but also due to the wealth of natural
resources and great educational and scientific
potential in the region.
The Tatarstan government is actively in-
volved in increasing the region’s investment
appeal. They have wisely implemented
a number of projects designed to make the
processes for international and Russian in-
vestment in the region as simple as possible.
The Tatarstan Investment Development Agen-
cy (TIDA), established in 2011, is, for exam-
ple, a reliable and useful “one-stop shop” tool.
TIDA aims to support investment projects
from the very first meeting with potential
investors, in addition to assisting in project
implementation. One of TIDA’s functions is to
help in selection of a production site. A well-
developed network of technology parks with
sophisticated engineering infrastructure is
available for investors. Such parks include
the Khimgrad Technopolis, Idea Technol-
ogy Park, as well as modern business incuba-
tors located in various regions of Tatarstan.
Leading Tatarstan’s development institutions
is Special Economic Zone Alabuga, which
attracts investors by promoting the develop-
ment of high-tech projects in fundamental
economic clusters: these include the petro-
chemical complex, as well as the automotive
and construction industries.
6 | Guide to Investment | PwC
We cannot ignore the impressive work al-
ready done by the Republic, nor the large-
scale projects that have just begun as part of
preparations for the XXVII World Summer
Universiade 2013, the 2015 World Aquatics
Championships, and the 2018 FIFA World
Cup, during which it is planned a number of
games will be held in Kazan. PwC Russia is
proud to be a Partner and Official Professio-
nal Services Provider to the XXVII World
Summer Universiade 2013 in Kazan.
With more than twenty years experience
of working in Tatarstan, we at PwC can at-
test to the Republic’s economic potential.
We see Tatarstan as a reliable site for invest-
ments. According to a 2011 PwC survey of
Tatarstan investors, 70% were positive about
the Tatarstan government’s increased focus
on raising investments and thought that the
investment climate (infrastructure and in-
vestment comfort) has significantly improved
over the past 3-5 years.
This guide was prepared in collaboration
with the TIDA and is based on data supplied
by TIDA. We hope that you will find here all
the necessary information on priority stra-
tegic development areas of the Tatarstan
economy and on the region’s economic and
investment potential, and that this will help
you to implement your investment ideas.
Very truly yours,
David Gray
Managing Partner
PwC Russia
PwC | Republic of Tatarstan  |  7
The Agency’s investment policy objectives are:
• promoting Tatarstan worldwide as one of the most investment attractive
regions of Russia;
• attracting investment to the republic and creating the necessary
investment infrastructure;
• assisting and providing support for the development and implementation
of investment projects, including PPP-based projects, which are a successful
mechanism for working with investors.
Applying to TIDA
Determining
investor’s
requirements
Completing
package of
documents
Signing an
agreement
Project launch
•providing
information about
the republic by
industry
•selecting an
investment
platform
•helping resolve
issues with the
relevant ministries
and agencies
•helping prepare
the necessary set
of documents
•agreeing the set
of documents with
relevant ministries
and agencies
•providing
information
support on legal,
tax and other
issues
•interacting
with ministries
and agencies to
agree and sign
an investment
agreement
•managing the
process of signing
an investment
agreement
between the
parties
The Agency works with investors
on a “one-stop-shop” principle.
Tatarstan Investment Development Agency (TIDA) was established on 1 June 2011.
Tatarstan Investment
Development Agency
8 | Guide to Investment | PwC
Tatarstan Investment Development Agency is a member of the World
Association of Investment Promotion Agencies (WAIPA).
Address: 50 Peterburgskaya St.,
Kazan, 420107
Tel.: +7 (843) 570-4001
Fax: +7 (843) 570-4005
E-mail: tida@tatar.ru
Website: www.tida.tatarstan.ru
www.invest.tatarstan.ru
Linar Yakupov
Chief Executive of Tatarstan
Investment Development Agency
PwC | Republic of Tatarstan | 9
Kazan
Chistopol
Chistopol
consumer goods
and food processing
Kazan
the republic's capital
heavy engineering, chemicals
and petrochemicals, consumer
goods and food processing
Tatarstan is one of Russia’s most economically
developed regions. It is located in the centre
of a large industrial region, 800 kilometres
east of Moscow, at the confluence of the Volga
and Kama rivers.
Tatarstan on a map of Russia
General information
on Tatarstan
Overview
Area: 67,836.2 sq. km
Population: 3.8 million people
Tatarstan stretches 290 km from North to South and 460 km from West to East
Tatarstan has a moderately continental climate.
Official languages are Tatar and Russian.
Predominant religions are Islam and Orthodox Christianity
75.4% of Tatarstan’s residents live in urban areas.
The capital is Kazan (area: 614.2 sq. km; population: 1.161 million people)
Official website of the Republic of Tatarstan: www.tatarstan.ru
10 | Guide to Investment | PwC
Nizhnekamsk
Almetyevsk
Elabuga
Bugulma
Naberezhnye Chelny
Naberezhnye Chelny
heavy engineering,
utilities, consumer goods,
construction, food and processing
Nizhnekamsk
petrochemicals
Almetyevsk
petrochemicals (oil and associated
gas production)
Elabuga
oil production and
heavy engineering
Tatarstan’s natural resources
Water resources: the Volga, Kama, Belaya
and Vyatka rivers as well as numerous small
rivers and lakes
Forest resources cover 16% of the land
Extractable resources:
•oil (around 0.8 billion tonnes),
•limestone and dolomite (66 million
tonnes),
•building stone (35.3 million cubic metres),
•peat (over 35,000 ha),
•gypsum (72 million tonnes),
•brick earth (73.5m cubic metres),
•petroleum bitumen (12.5 billion tonnes)
On 30 August 2005, Kazan celebrated its
1,000-year anniversary.
Since April 2009, Kazan has officially had
the right to be called Russia’s Third Capital.
The President of the Republic of Tatarstan
is the region’s highest-ranking official.
Rustam Minnikhanov is the
President of the Republic of Tatarstan.
Ildar Khalikov is the Prime Minister
of the Republic of Tatarstan.
Farid Mukhametshin is the Chairman
of the State Council of the Republic
of Tatarstan.
Administration
PwC | Republic of Tatarstan | 11
Tatarstan has substantial scientific and edu-
cational potential. Kazan is one of Russia’s
leading educational centres, ranking third af-
ter Moscow and St Petersburg in terms of the
number of students (over 200,000 people).
At the beginning of the 2011/2012 academic year,
Tatarstan had:
• 86 educational institutions (higher,
secondary and specialised), of which
• 30 are higher educational institutions
(mostly located in Kazan).
Nineteen of these are in the public sector while
11 are privately run.
Kazan (Volga) Federal University was created
on the basis of the famous V.I. Ulyanov-Lenin
Kazan State University (KSU). This world-class
research and educational centre is among Rus-
sia’s federal universities.
In 2009 the oldest universities in the country:
• the A.N. Tupolev Kazan State Technical
University and
• Kazan State University of Technology
won a competition of university development
programmes to be eligible for the status of Na-
tional Research University.
The economically active population
is 2 million people (53.9% of the total population)
The average gross salary is RUB 20,009
per month (a 16.1% increase over 2010)
Education and science
Average per capita
cash income, RUB
2009
25,000
15,915.4
Tatarstan Russia
16,857.0
18,158.1
18,887.8
19,791.8
20,702.7
20,000
15,000
10,000
5,000
0
2010 2011
Workforce
12 | Guide to Investment | PwC
Sport events
In 2013 Kazan will host the
XXVII Summer Universiade,
or World Student Games.
Some 65 sports facilities
concentrated in four areas
of Kazan will be used during
the Games. Over 100,000
people from 170 countries
are expected to attend the
Universiade.
www.kazan2013.ru
The 16th World Aquatics
Championship will be held
in Kazan in summer 2015.
This marks the first time
that Russia will host this
tournament.
A decision to hold this tour-
nament in Kazan was taken
at the General Congress of
the International Swimming
Federation (FINA) 2011,
held in Shanghai on the eve
of the 2011 World Cup.
www.fina.org/H2O
The plan for the 2018 FIFA
World Cup includes 16 foot-
ball stadiums in 13 Russian
cities, grouped into four
clusters: the northern clus-
ter (Kaliningrad and St Pe-
tersburg), the central cluster
(Moscow), the Volga cluster
(Kazan, Nizhny Novgorod,
Yaroslavl, Samara, Vol-
gograd and Saransk), the
southern cluster (Krasnodar,
Rostov-on-Don and Sochi)
and Ekaterinburg.
www.russia2018-2022.com
XXVII Summer
Universiade – 2013
World Aquatics
Championships – 2015
FIFA World Cup – 2018
PwC | Republic of Tatarstan | 13
Transport infrastructure
Transport connection
The republic is situated at the intersection of
several major transport routes: railways (the
Trans-Siberian Railway and the North-South
line), rivers (the Volga and Kama rivers,
which flow into the Caspian Sea, and the
rivers of the Urals and greater Moscow re-
gions), and motorways. Three federal high-
ways cross the republic: the M-7 Volga, the M-5
Ural, and the Kazan-Orenburg highway. The
region has 18,500 km of paved public roads.
It also has three cargo ports with five cargo
areas, four passenger ports (Kazan, Naber-
ezhnye Chelny, Chistopol and Nizhne-
kamsk), and six inland water terminals.
Druzhba, the world’s largest oil pipeline,
starts in Tatarstan. Large gas pipelines car-
rying natural gas from the Urengoy and
Yamburg fields to Western Europe also run
through the republic.
Six airports are located in Tatarstan. Kazan
and Begishevo are federal airports.
Tatarstan’s international airports operate
scheduled flights to Germany, Greece, the
Czech Republic, Cyprus, Turkey, Azerbai-
jan, Uzbekistan and Tajikistan. In 2011,
Kazan Airport hosted flights to 22 countries
worldwide on over 50 routes. In 2011 Kazan
Airport’s passenger traffic increased 28% to
reach 1.23 million, a record high since the
airport was built in 1979.
A new terminal at Kazan Airport is due to
open in July 2012. It will be able to handle
up to 2 million passengers annually. To date,
over RUB 1 billion has been spent on the
project to modernise and develop airport
infrastructure. By 2013 investments in the
airport complex will exceed RUB 2 billion.
The project is due to be completed by 2025,
with completion taking place in three stages,
increasing the passenger service facilities’
capacity to 5 million passengers per year
(3,500 passengers per hour).
Company name Website Telephone
Kazan Airport www.airport.kazan.ru
+7 (843) 267-8807
+7 (843) 267-8792
Kazan Railway Terminal www.pass.rzd.ru
+7 (843) 294-0400
+7 (843) 294-0500
Kazan River Port www.sk-tatflot.ru
+7 (843) 233-0982
+7 (843) 233-0969
14 | Guide to Investment | PwC
One of the large-scale projects, being
implemented in Tatarstan is the construc-
tion of a section of the Europe-Western
China international transport corridor.
This corridor will reduce travel time by 3.5
times and significantly decrease transpor-
tation costs, becoming the key freight route
in the Cent-ral Asian region.
Tatarstan’s logistics development pro-
gramme links the construction of a section
of the international transport corridor with
the project to create the Sviyazhsk Inter-
regional Multi-modal Logistics Hub, thus
creating an important logistics network.
The first phase of the Volga region’s largest
logistics hub construction is scheduled
for 2013.
The hub’s key objective will be develo-
ping infrastructure for China-Europe
freight flows. Completing the project to
build the Sviyazhsk Interregional Multi-
modal Logistics Hub will enable freight
to be shipped to any region in Russia, re-
directing freight flows away from Central
Russia. This solves the following pressing
issues: taking pressure off the transport in-
frastructure of the greater Moscow region,
and creating social and economic infra-
structure along the length of the corridor.
Distance from potential markets
Moscow
797 km
St. Petersburg
1515 km
Ekaterinburg
930 km
Sochi
2015 km
Kazakhstan
1910 km
Uzbekistan
2590 km
Ukraine
1725 km
Belarus
1550 km
Latvia
1755 km
Finland
1905 km
КазаньKazan
PwC | Republic of Tatarstan | 15
• chemicals and petrochemicals
• machinery and metal processing
• IT and telecommunications
• agriculture and food processing
• construction
• health care and pharmaceuticals
• services and tourism
• halal industry
The Republic of Tatarstan has set the objective of creating an invest-
ment infrastructure that can help attract both Russian and foreign
investors in the coming years.
The following priority areas for Tatarstan’s economic development
have been established to help achieve this objective and improve
Tatarstan’s investment climate while also ensuring international
investors are offered competitive terms:
The Republic of Tatarstan’s strategic
economic development priorities
16 | Guide to Investment | PwC
Chemicals and petrochemicals
The chemicals and petrochemicals industry
encompasses the following:
• chemical production
• rubber and plastics production
• petroleum product manufacturing
In 2011 the republic’s petrochemical compa-
nies earned RUB 770 billion. This represents
a 25% year-on-year increase. Corporate pro-
fits reached RUB 139 billion, with profitabi-
lity increasing by almost 7%.
The largest petrochemicals companies inc-
lude ОАО TANEKO, ОАО TAIF, ОАО Nizh-
nekamskneftekhim, ОАО Nizhnekamskshina,
ОАО Kazanorgsintez, ОАО TAIF-NK and
ОАО Nefis-Cosmetics.
Foreign investment in the industry:
ООО Pixar Coatings (Italy), Clariant
(Switzerland), ООО P-D Tatneft-Alabuga
Steklovolokno (Germany) and ООО Air Liq-
uide Alabuga (France).
Dynamics of chemical
and petrochemical
production, RUB billion
2009
250.0
77.9
39.7
Oil products manufacturing
Chemical production
Rubber and plastics production
104.8
98.4
51.7
161.5
154.3
56.5
196.4200.0
150.0
100.0
50.0
0
2010 2011
PwC | Republic of Tatarstan | 17
Machinery and metal processing
Machinery and metal processing encompasses
the following:
• metallurgical production and production
of finished metal goods
• machinery and equipment production
• the production of electronics, electrical
and optical equipment
• the production of transport vehicles
and equipment
The industrial production index for machinery
and equipment in 2011, as compared to 2010,
was 108.0%; 113.7% for electronics, electrical
and optical equipment production; 107% for
the production of transport vehicles and equip-
ment; and 109.5% for metallurgical produc-
tion and production of finished metal goods.
The largest manufacturers are:
ОАО KAMAZ, ОАО S.P. Gorbunov KAPO,
ОАО Kazankompressormash, and
ОАО A.M. Gorky Zelenodolsk Plant.
Foreign investments in the industry:
ООО Ford Sollers Holding,
Daimler AG (Germany), Honeywell (US),
ZAO Schneider Electric (Germany) and
ZAO Cummings Kama (US).
Production of transport vehicles
2009
27.9
2.1
trucks, thousands of units
passenger cars, thousands of units
buses, thousands of units
5.3
45.1
2.9
11.5
57.5
2.0
20.0
80.0
60.0
40.0
20.0
0
2010 2011
18 | Guide to Investment | PwC
IT and telecommunications
Over the past few years, Tatarstan has taken
a leading position in the IT and high-tech
sector.
IT and telecommunications include the fol-
lowing types of activity:
• mobile telecommunications
• Internet access
• software development
In 2011 gross earnings were RUB 40 billion
with a 112.6% growth rate.
The industry’s gross earnings accounted
for 3.1% of the republic’s GRP.
Capital investment in the industry from
all sources reached RUB 7.86 billion.
The mobile phone network covers around
96% of Tatarstan.
Tatarstan’s largest software developers
include: ICL-KPO VS, BARS Group, OCS,
Softline and TAXNET.
Foreign investments in the industry:
Fujitsu Russia GDC.
Trends in numbers of
cellular subscribers (thousands)
2009
6,075.8
5,973.8
6,151.16,200
6,150
6,100
6,000
6,050
5,950
5,900
5,850
2010 2011
PwC | Republic of Tatarstan | 19
The agricultural sector includes:
• crop production;
• livestock production.
The output for all agricultural producers
(agricultural entities, residential households
and farms) was RUB 165,647.3 million in
current prices, or 152.6% versus the 2010
level. Crop production increased 2.8 times
over the period, while livestock production
decreased by 0.1%.
Sustainable agricultural development in Ta-
tarstan is based on the following:
• top priority status - 10% of the republic’s
budget is allocated to agricultural sub-
sidies;
• multi-format nature - over half of farm-
land and livestock are owned by large
investors, ordinary agricultural busi-
nesses and small enterprises develop in a
balanced way;
• innovative technologies - over 70% of
the land is cultivated and seeded using
resource-saving technologies, 15% of the
farmland is seeded with elite seeds (10%
for Russia) and 24% of the livestock is
pedigree cattle (12% for Russia);
• insured farmland accounts for 45.8%
(the average for Russia is 13%).
With 2.2% of Russia’s arable land,
Tatarstan produces around 5% of all agricul-
tural products.
Family farms are at the heart of a new and
promising approach to the development of
rural small businesses. As of the beginning
of 2011, there were 23 family farms in vari-
ous districts of the republic. Their number
increased to 400 by the end of the year.
The largest companies: OAO VAMIN,
ZAO Agrosila Group, OOO Chelny Broiler
and Krasnyi Vostok Agroholding.
Agriculture and food processing
Gross agricultural production
2009
116.5
104.1
165.6
100.8
67.8
152.6
200
150
100
50
0
2010 2011
RUB billion
Year‐on‐year percentage change in comparable prices
Crop production
(thousands of tonnes)
2009
1,900.8
304.9
4,441.8
1,501.9
521
245
661 682
1,393
319
4,868
1,936
5,000
4,000
3,000
2,000
1,000
0
2010 2011
Potatoes Vegetables Grain Sugar beetPotatoes Vegetables Grain Sugar beetPotatoes Vegetables Grain Sugar beet
Trends in production of beef cattle
and poultry (by live weight)
by agricultural entities
of all types (thousands of tonnes)
2009
412.9
426.3
427.5
430
425
420
410
415
405
2010 2011
20 | Guide to Investment | PwC
Construction
The construction sector encompasses the fol-
lowing:
• construction of residential houses;
• construction of non-residential buildings;
• construction of infrastructure.
Currently, the real estate market is shaped
by a number of key factors:
• construction of facilities for
the Universiade;
• a wide-scale major
renovation programme;
• active development of infrastructure
and road interchanges.
These factors have a substantial impact
on consumer preferences and price levels
in different quality segments of Tatarstan’s
housing market.
In 2011, the average cost per sq m
RUB 35,750.10 in the primary market,
and RUB 38,386.57 in the secondary market.
Foreign investments in production of con-
struction materials: ООО Rockwool-Volga
(Denmark), ООО Wienerberger-Kurkachi
(Germany) and ООО Custamony Integrated
Wood Industry (Turkey).
New housing commissioned (sq m)
2009
2,010,200 2,027,267
2,396,091
2,600,000
2,400,000
2,000,000
2,200,000
1,800,000
2010 2011
Construction volume
2009
165,221.5
179,931.3
233,206.4
103.9
104.9
106.8
250,000
200,000
150,000
100,000
50,000
0
2010 2011
Construction volume, RUB million
year-on-year percentage change in comparable prices
PwC | Republic of Tatarstan | 21
Health care and pharmaceuticals
Health care and pharmaceuticals encompass
the following:
• production of medical equipment and phar-
maceuticals;
• provision of health care services;
• pharmacy chains.
Foreign-made pharmaceuticals accounted for
76% of the market in value terms while do-
mestic medicines dominated the local market
(63%).
In 2011, the average cost of treatments pre-
scribed to out-patients increased 1.62% in Ta-
tarstan (with inflation at 6.1%), while in Russia
as a whole it increased 2.17%, and in the Volga
Federal District it rose 2.27%.
The largest companies in this sector are:
OAO Kazan Medical Instrument Plant, one
of Russia’s largest medical instrument compa-
nies, producing over 3,000 different medical
products.
OAO Tatkhimfarmpreparaty, a major phar-
maceutical company, including two modern
plants: a chemical and pharmaceutical plant
and a surgical suture materials factory.
OAO Tatkhimfarmpreparaty is the only catgut
producer in Russia.
Foreign investments in the industry:
OOO Saria Bio-Industries Alabuga.
The size of the republic’s pharmaceutical mar-
ket increased 7% in 2011 to reach RUB 16.27
billion.
Tatarstan retail market
2009
1,213
pharmaceutical institutions pharmacies
621
1,280
672
1,351
709
1,600
1,200
800
400
0
2010 2011
2009
4.4
15.1
16.318.0
16.0
12.0
14.0
10.0
6.0
8.0
4.0
2.0
0.0
2010 2011
Volume of the Tatarstan
pharmaceuticals market, RUB billion
22 | Guide to Investment | PwC
Services and tourism
Services and tourism encompass the fol-
lowing:
• hotels
• restaurants
• tourism
Over the past five years, the republic’s
internal tourist flow has seen an average
year-on-year increase of 12%, and today
stands at 1.2 million visitors annually.
That puts Tatarstan among the leaders
not only in the Volga region but in Russia
as a whole.
Today 550 tour operators providing travel
services are registered and operate in the
republic. These tour operators include 50
companies engaged in domestic tourism,
10 firms involved in international tourism
and 7 providing both international and
domestic travel services.
Number of hotels (2011)
• Tatarstan total: 152
(hotel room capacity: 6,000)
• Including Kazan: 97
(hotel room capacity: 4,500)
• Other than Kazan: 55
(hotel room capacity: 1,500)
As of 1 January 2012 there were 4,852
catering enterprises with a total seat-
ing capacity of 286,000 in the republic,
2,600 of which are widely available chains
(restaurants, cafeterias, pubs, snack-bars
and canteens), 1,800 are school canteens,
more than 400 are manufacturing enter-
prises canteens and cafeterias.
Foreign investment in the industry: Marri-
ott, Ibis, and Park Inn (hotels); Lufthansa,
FlyDubai, and Turkish Airlines (airlines);
and the McDonald’s restaurant chain.
PwC | Republic of Tatarstan | 23
Halal industry
The halal industry encompasses
the following types of activities:
• food products;
• halal services;
• for halal pharmaceuticals;
• for halal cosmetics.
Tatarstan is Russia’s halal industry leader,
which is proved by numerous facts:
• the large-scale KAZANHALAL Interna-
tional Trade Fair, which the region has
hosted for the third time;
• the opening of the Kazan Halal Hub,
Russia’s first halal transport and logistics
centre for storing and distributing halal
products made by domestic and foreign
producers in both Russia and the CIS
countries;
• establishing the Baltach agricultural park.
International Islamic conferences are held
on an ongoing basis. Tatarstan has been
a pioneer among Russian regions in attrac-
ting Sharia-based Islamic investment. Islam-
ic banking structures have been established,
and a new economic model is being created
in the republic.
In 2005 a Halal Standards Committee was set
up under the Spiritual Board of Muslims of Ta-
tarstan (DUM) for overseeing the production
and sale of halal products, which has been gro-
wing rapidly in Russia in recent years.
24 | Guide to Investment | PwC
The Republic of Tatarstan
government offers investors
the following benefits:
Investment climate
Over the past several years Tatarstan has
been one of the Russian regions with the least
risk exposure for foreign investors. According
to the international rating agencies Moody’s
and Fitch, Tatarstan ranks as one of the most
investor-friendly regions:
2007 2008 2009 2010 2011
Moody’s Ba1 Ba1 Ba1 Ba1 Ba1
Fitch BB+ BBB- BBB- BBB- BBB-
Tax benefits
Under Tatarstan law, investors that carry
out investment projects in the republic are
granted tax benefits for the payback period of
the given investment project, which may not
exceed seven years (13 years for the heavy en-
gineering industry) after the project begins.
Current system Beneficial rate
Profits tax
20% 15.5%
Property tax
2.2% 0.1%
Land tax
1.5%* 0%*
* given a decision by the local legislative council of the
relevant Republic of Tatarstan municipality
Government regulation
and support:
• publicly funded loans;
• partial compensation
of bank loan interest rates
and bond coupon payments;
• government guarantees;
• provision of industrial space
and infrastructure;
• tax preferences;
• co-financing;
• grants.
Tatarstan’s regulatory
framework includes,
among other things,
the following legislation:
• Republic of Tatarstan Law “On In-
vestment Activity in the Republic of
Tatarstan”
• Republic of Tatarstan Law “On For-
eign Investment in the Republic of
Tatarstan”
• Republic of Tatarstan Law “On
Public-Private Partnerships in the
Republic of Tatarstan”
• Republic of Tatarstan Cabinet of
Ministers Resolution “On Approv-
ing Regulations on the Procedure for
Rendering State Support to Entities
and Organisations Carrying Out In-
vestment Projects in the Republic of
Tatarstan”
• Republic of Tatarstan Cabinet of
Ministers Resolution “On Approving
the Investment Memorandum of the
Republic of Tatarstan for 2012”
PwC | Republic of Tatarstan | 25
Government non-profit organisations
The government has worked to increase the availability of investment resources through joint
financing arrangements with banks, private and non-state investors. The following institutions
are involved in this process:
State Non-profit Organisation
Investment and Venture Fund
of the Republic of Tatarstan
• developing research-intensive production
and introducing new, cutting-edge technolo-
gies,
• formulating new regional approaches to
innovation-driven development activities,
• creating favourable conditions for boosting
the number of venture capital firms, and en-
hancing support systems for research-intensive
small and medium-sized enterprises (SME).
50 Peterburgskaya St., Kazan, 420107
Tel.: +7 (843) 570-4017
Fax: +7 (843) 570-4000
E-mail: reception@ivfrt.com
Website: www.ivf.tatarstan.ru
Tatarstan Export and Investment
Promotion Corporation
OAO (TATEXIM) *
• supporting export-oriented SMEs;
• promoting Tatarstan-made goods
within Russia and in foreign markets.
50 Peterburgskaya St., Kazan, 420107
Tel.: +7 (843) 570-4001
Fax: +7 (843) 570-4005
E-mail: tida@tatar.ru
Website: tida.tatarstan.ru
Tatarstan Development
Corporation OAO (TDC) *
• setting up infrastructure for land sites
aimed at investment project implementation;
• creating new industrial parks and develo-
ping existing ones.
50 Peterburgskaya St., Kazan, 420107
Tel.: +7 (843) 570-4001
Fax: +7 (843) 570-4005
E-mail: tida@tatar.ru
Website: tida.tatarstan.ru
* in process of development
Non-profit Organisation
Tatarstan Guarantee Fund
• a guarantee fund for helping Tatarstan
SMEs meet their credit obligations;
• bank loan guarantees for SMEs of up to
50% of an individual SME’s overall liability.
50 Peterburgskaya St., Kazan, 420107
Tel.: +7 (843) 570-4001
Fax: +7 (843) 570-4005
E-mail: tida@tatar.ru
Website: tida.tatarstan.ru
26 | Guide to Investment | PwC
International investment forums
KAZANINVEST: FDI & WAIPA
Objectives of the KAZANINVEST Interna-
tional Investment Forum:
• sharing experience in attracting invest-
ment
• discussing ways to enhance the invest-
ment appeal of Russia’s regions
• reviewing new tools for attracting direct
investment in SME sector projects
• creating the necessary conditions for at-
tracting foreign direct investment (FDI) and
efficiently developing the region’s potential
Participants in the event include representa-
tives of the federal and regional govern-
ments, leading Russian development insti-
tutions engaged in investment promotion,
members of the World Association of Invest-
ment Promotion Agencies (WAIPA), and in-
ternational companies.
www.tida.tatarstan.ru | www.tida.tatarstan.ru/eng
KAZANSUMMIT: Economic coopera-
tion of Russia and OIC countries
Russia’s premier economic summit focused
on Islamic business and finance.
The key objective of this event is to facilitate
the development of economic and financial
ties between businesspeople that are gro-
unded in the principles of Islam.
Among the Summit’s main focus areas are:
• determining the strategic prospects for
developing international economic ties be-
tween Russia and the Muslim world;
• laying the groundwork for cooperation
in direct investment by the private sector in
both Russia and Islamic countries;
• conducting a public discussion and devel-
oping recommendations concerning how the
Islamic finance system functions.
www.kazansummit.ru | www.kazansummit.com
Kazan Venture Fair
Every year since 2005, Investment and
Venture Fund of the Republic of Tatarstan,
together with the Russian Association of
Direct and Venture Investments, holds the
Kazan Venture Fair, representing a platform
for the ma-nagement of innovation-driven
small- and mid-cap companies to present
their businesses to potential investors.
www.ivf.tatarstan.ru | www.ivf.tatarstan.ru/eng
Investment website
The Invest in Tatarstan Internet site
is a convenient and comprehensive
tool for investors.
It provides essential information about
the region, including:
• recent data on social and economic
conditions in Tatarstan;
• information on federal, regional
and local-level investment projects;
• details on Tatarstan’s investment
legislation;
• information about industrial
and investment platforms;
• data on Tatarstan’s credit and
investment ratings;
• utility rates for electricity,
water and gas supply;
• investment-related presentation
and reference materials.
Other advantages of the website are:
• a unique interactive card;
• functional search engine;
• option of posting information
on investment projects on the website.
www.invest.tatarstan.ru
www.invest.tatarstan.ru/en
PwC | Republic of Tatarstan | 27
Investment infrastructure
The Republic of Tatarstan has put in place set
of legislative and organisational measures to
foster a favourable environment for all busi-
nesses, aimed at accelerating investment and
innovation-driven activity, spurring economic
growth, increasing productivity and resolving
social issues.
Tatarstan’s innovation-related infrastructure
includes:
• Special Economic Zone Alabuga
• Technopolis Himgrad
• 4 industrial parks
• 6 techno-parks
• 6 business incubators
• 3 agricultural parks
• 2 industrial platforms
Name Production
General
Space
Available
Space
Website
Special Economic
Zone Alabuga
Industrial production
2,000
hectares
938
hectares
www.alabuga.ru
Industrial Park
Kamskiye Polyany
Polymer processing
260
hectares
250
hectares
www.kamapark.ru
Technopolis Himgrad
Small-tonnage chemistry
and processing of polymer
products
131
hectares
45
hectares
www.himgrad.ru
Agro-Industrial Park of
the Republic of Tatarstan
Processing, storage
and sales of agricultural
products
8
hectares
4.5
hectares
www.tida.tatarstan.ru
Kama Industrial Park
(KIP) Master
Heavy engineering
43
hectares
9
hectares
www.kipmaster.ru
IDEA Innovative
Technopark
Research-intensive
production
28,700
sq. m
1,500
sq. m
www.tpidea.ru
IT Park
High-Technology Park
High technologies
3.2
hectares
– www.itpark-kazan.ru
28 | Guide to Investment | PwC
pwc - Guide to Investment - Republic of Tatarstan
Samara region
Mariy-El
Chuvashia
Kirov region
Ulyanovsk region
Kazan
Chistopol
Baltasy
Baltasy urban settlement
• Baltach Halal Agricultural Park
Zelenodolsky District
• M-7 Industrial Park
Chistopol
• Vostok Innovation and
Production Technology Park
• Chistopol Business Incubator
• Chistopol Industrial Park
Kazan
• Technopolis Himgrad
• IDEA Innovative Technopark
• IT Park High-Technology Park
• Agro-Industrial Park of the Republic of Tatarstan *
• Centre for Innovative Activity Scientific-Technical Park at
Kazan State University
• KINAT Innovation-Technology Centre Technopark for
Industrial Technologies
• Sviyaga Business Incubator
• Volga Region Business Incubator for Light Industry
• Scientific-Technical Park at the A.N. Tupolev Kazan State
Technical University
• Derbyshki Industrial Park*
30  |  Guide to Investment | PwC
Udmurtia
Bashkortostan
Orenburg region * Planned projects
Leninogorsk
Elabuga
Bugulma
Naberezhnye Chelny
Aktanysh
Nizhnekamsk
Naberezhnye Chelny
• Kama Industrial Park (KIP) Master
• Prikamya Technology Park Research and Industrial
Non-Commercial Partnership
• Naberezhnye Chelny Business Incubator
• Zarital Agricultural Park
• Prikamya Technopark
Nizhnekamsk
• Industrial Park
Kamskiye Polyany
Bugulma
• Bugulma Industrial Park*
village of Aktanysh
• Industrial Platform of the
Aktanysh Municipal District
Leninogorsk
• Idea-South-East Innovation
and Technology Park
Elabuga
• Special Economic
Zone Alabuga
• The Alabuga Industrial Site
• The Elabuga Business
Incubator
PwC | Republic of Tatarstan  |  31
Kama Industrial Park (KIP) Master
The Kama Industrial Park (KIP) Master is
the sole example of a functioning industrial
park with an exclusive focus on the heavy
engineering sector. Its major goal is to pro-
vide for the robust development of advanced
automotive component manufacturing.
More than half of the park’s resident compa-
nies cooperate closely with OAO KAMAZ.
Address:	 45 Proizvodsnvenniy Proezd,
	 Industrial Zone,
	 Naberezhnye Chelny, 423800
Tel.:	 +7 (8552) 388-883
E-mail:	 kip-master@kamaz.org
Website:	www.kipmaster.ru
Technopolis Himgrad
Technopolis Himgrad offers the favourable
environment for developing innovative SMEs
in the petrochemicals and polymer process-
ing sectors. Technopolis Himgrad is the first
Russian industrial park certified by the As-
sociation of Industrial Parks in the Russian
Federation.
At present Technopolis Himgrad boasts:
•	over 250 small companies;
•	over 100 developed products;
•	over 60 patents and trademarks;
•	about 20 items of “know-how”.
Product consumers: Major Russian com-
panies including OAO Gazprom, OAO NK
Rosneft, OAO Lukoil and OAO Nestle Russia.
Export sales to the CIS and other countries
account for 10% of all goods produced.
Address:	 100 Vosstaniya St.,
	 Kazan, 420095
Tel.:	 +7 (843) 227-4140
E-mail:	 info@himgrad.ru
Website:	 www.himgrad.ru
IDEA Innovative Technopark
IDEA Innovation and Production Tech-
nopark is Tatarstan’s most important techno-
park and includes:
•	An innovative business incubator with of-
fice premises for innovative projects in the
early development stages (2,500 sq m);
•	An innovation technology centre with of-
fice premises for young innovation-driven
companies (14,200 sq m);
•	A business park with office premises for
service companies and companies at the ex-
pansion stage (total area of 10,300 sq m).
Over the five years it has been in operation,
117 companies have become residents of
IDEA Innovation and Production Techno-
park. These resident companies employ ap-
proximately 1,600 people, whose salaries
are above the average level for the republic.
The technology park is one of Europe’s lar-
gest in size (30,000 sq m on 2 ha of land in
the centre of Kazan).
IDEA Innovation and Production Tech-
nopark was one of the winners in the first-
ever competition to create a nanotechnology
centre in Russia. The competition was held
by the Rosnano State Corporation.
Its anchor residents include representative
offices of DHL, McDonalds, Siemens, NPP
GKS, Yokogawa Electric CIS and ZAO GE
Money Bank.
Address:	 50 Peterburgskaya St.,
	 Kazan, 420107
Tel.:	 +7 (843) 570-6850
E-mail:	 info@tpidea.ru
Website:	www.tpidea.ru
32  |  Guide to Investment | PwC
IT Park High-Technology Park
The IT Park is newest facility within Ta-
tarstan’s regional innovation support
system. It is Eastern Europe’s largest deve-
lopment institute aimed at promoting the
large-scale commercialisation of IT and
communications projects. The IT Park’s
main goal is to ensure the most favourable
conditions possible for start-up and growing
high-tech companies at the design, develop-
ment and market-entry stages for high-tech
products, including providing funding, tech-
nological and methodological support based
on international standards. One of the key
areas of specialisation for IT Park resident
companies is software development, includ-
ing applications for “electronic government”
and “electronic public services”.
Another IT Park site, now under construc-
tion, is designed for localising innova-
tion-driven SMEs in the chemical and
petrochemical industries. Construction is
also under way on a second IT park in Naber-
ezhnye Chelny, which is intended as a uni-
versal platform for serving businesses in the
Kama Economic District, which is home to
the Alabuga Special Economic Zone,
OAO Kamaz, OAO Sollers, OAO Taneko
and OAO Ammoniy, among others.
Address:	 52 Peterburgskaya St.,
	 Kazan, 420074
Tel.:	 +7 (843) 235-1475
E-mail:	 it.park@tatar.ru
Website:	 www.itpark-kazan.ru
Agro-Industrial Park
of the Republic of Tatarstan
The Republic of Tatarstan Agricultural Park
is a cluster of real estate facilities located on
a 8.4-hectare plot of land which is dedicated
to helping agricultural SMEs grow their
businesses.
The Agricultural Park’s top priority is pro-
viding the region’s agricultural producers
with the essential material and technical
infrastructure for doing business in the agri-
cultural sector, particularly the production,
storage, processing and sale of diverse agri-
cultural products.
The facility is scheduled to open in 2Q-3Q
2012.
Republic of Tatarstan Investment Promotion
Agency
Address:	 50 Peterburgskaya St.,
	 Kazan, 420107
Tel.:	 +7 (843) 570-4001
Fax:	 +7 (843) 570-4005
E-mail:	 tida@tatar.ru
Website:	www.tida.tatarstan.ru
Baltach Halal Agricultural Park
The Baltach Halal Agricultural Park is Rus-
sia’s first-ever halal agricultural park for
SMEs active in the halal industry or opening
a halal-based business.
Address:	 1 Polevaya St.,
	 Baltasy urban settlement,
	Tatarstan
Tel.:	 +7 (843) 682-6374
	 +7 (960) 041-1220
Fax:	 +7 (843) 682-6375
E-mail:	 hip-baltach@mail.ru
Website:	 www.hip-baltach.ru
PwC | Republic of Tatarstan  |  33
Special Economic Zone Alabuga
Special Economic Zone (SEZ) Alabuga plays
a leading role among Tatarstan’s develop-
ment institutions. It serves as centre of
attracting investors and carrying out pro-
mising high-tech projects in such fundamen-
tal economic clusters as the petrochemicals,
automotive and construction industries.
SEZ Alabuga resident companies have in-
vested a total of USD 2.6 billion.
Brief overview of SEZ Alabuga:
• SEZ Alabuga was established on 21 De-
cember 2005 within the Elabuga munici-
pality;
• It occupies a 20 sq km site;
• It has 25* resident companies;
• It provides 11,707 jobs*;
• The minimum investment threshold for
obtaining resident status is EUR 3 million;
• Total public investment in the project
amounts to RUB 15.2 billion.
* as of 1 March 2012
SEZ Alabuga has access to federal highways
and railways. The following modes of trans-
port are available for freight forwarding:
• air – Begishevo Airport;
• rail – branch railway line of over
5 km integrated with the federal
railway network;
• road – on-site road network of over
13 km plus the federal M7 Highway;
• river – river cargo ports at Naberezhnye
Chelny and Nizhnekamsk.
Special tax regime
Current taxation
system
for SEZ Alabuga
residents
Profits tax
20% 15.5%
Value added tax
18% 18%
Property tax
2.2% 0%
Land tax
1.5% 0%
Transport Tax
* 0%
* rates depend on the type and capacity
of the transport vehicle
34 | Guide to Investment | PwC
SEZ Alabuga residents comprise 25 major
Russian and international companies that
have invested over USD 2.6 billion (RUB
80 billion), including such internationally
known brands as Rockwool, Ford-Sollers,
Armstrong, Isuzu, Air Liquide, Sisecam,
Saint Gobain, Kastamonu Integre, Saria Bio-
industries Volga, Preiss-Daimler, Tatneft and
many others.
Among the SEZ Alabuga’s other competitive
advantages are:
•	All essential industrial infrastructure is
already in place.
•	Residents are not charged any fee for
connecting to utility systems.
•	Residents are granted tax benefits for up
to 10 years.
•	The special economic zone customs
regime exempts imports of modern
high-tech equipment, raw materials and
components from both import duties and
VAT.
•	The SEZ has its own customs post, al-
lowing resident companies to promptly
resolve any customs-related issues. An
electronic customs declaration system is
available.
•	The “one-stop-shop” combines the of-
fices of 16 regulatory agencies under one
roof within the SEZ’s administrative and
business centre. This allows residents
interact with governmental authorities
without lea-ving the SEZ.SEZ Alabuga offers free hook-ups
to the power grid.
Cost of connecting to the power grid:
•	Moscow – RUB 29 billion per 1 MW
•	Tatarstan – RUB 6.25 billion per 1 MW
•	Alabuga SEZ – RUB 0
Outlook
SEZ Alabuga’s long-term development
strategy calls for putting into ope-ration
the production facilities of about 35 resi-
dent companies by 2013, which will cre-
ate about 16,000 new jobs and bring in
at least RUB 100 billion in investment in
the domestic economy.
Alabuga Industrial Space 4/1 Sh-2
Elabuga municipal district City of Elabuga,
423602, Tatarstan
Tel.:	 +7 (85557) 59-005
Mob.:	 +7 (927) 480-0221
Website:	www.alabuga.ru
E-mail:	 invest@sezalabuga.ru
PwC | Republic of Tatarstan  |  35
Brief data points illustrating
Tatarstan’s economic and
investment potential
In 2011 locally produced goods shipped, and
work and services performed locally were
worth RUB 1,294.5 billion.
GRP per capita, RUB thousand
2009
234.5
265.4
329.4
400
300
100
200
0
2010 2011 (estimate)
GDP of the Russian Federation
and GRP of the Republic of Tatarstan
2009
885.1
96.6
92.2
1,400
1,200
1,000
800
600
400
200
0
110
105
100
95
90
85
2010 2011 (estimate)
1,004.7
104.3
104.3
1,250.0
104.6
104.3
Tatarstan GRP, RUB billion
Tatarstan GRP, year on year percentage change in comparable prices
Russia wide GDP, year on year percentage change in comparable prices
Industrial production rates
2009
867.6
95.6
90.7
1,400
1,200
1,000
800
600
400
200
0
110
105
100
95
90
85
2010 2011 (estimate)
1,062.8
108.4
108.2
1,294.5
105.7
104.7
Volume of shipped goods, RUB billion
Tatarstan industrial production index, year‐on‐year
percentage change in comparable prices
Russia‐wide industrial production index, year‐on‐year
percentage change in comparable prices
GRP and GDP Industrial production
36 | Guide to Investment | PwC
In 2011 the following types of economic
activity had the greatest share in the total
volume of shipped goods: energy and mine-
rals (28%), chemicals (15.2%), transport
vehicles and equipment (15%), oil refining
(11.9%), power, gas and water production
and distribution (7.7%).
Oil predominates in Tatarstan’s wealth
of subsoil resources. Estimated reserves
amount to around one billion tonnes.
In 2011 Tatarstan produced 32.5 million
tonnes of oil, representing a year-on-year
increase of 0.4%.
Thirty-six oil companies operate in Ta-
tarstan, the largest of which is OAO Tatneft.
Structure of shipped goods
by field of business
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
2009
2010
2011
Energy and mining
Oil products, chemicals, rubber and plastic goods
Machinery and equipment
Power, gas and water production and distribution
Food production
Metals and finished metal goods
Mineral resource production excluding energy;
production of other non-metallic minerals
Other production
Trends in crude oil production,
million tonnes
2009
32.41
32.38
32.50
32.6
32.4
32.5
32.3
2010 2011
PwC | Republic of Tatarstan  |  37
Investment in fixed capital
Among the regions in the Volga Federal
District, the Republic of Tatarstan has tradi-
tionally been one of the leaders in terms of
volume of investment.
According to state statistics agencies, fixed
capital investments amounted to RUB 386.1
billion in 2011 (107.8% growth versus 2010).
Regarding the distribution of investment
among industries, manufacturing is the
key sector.
Tatarstan has seen an improved indicator
for per capita volume of investment in fixed
capital (with the exception of budget funds)
in 2003 prices, which stood at RUB 33,516
for 2011.
Tatarstan capital investment
by field of business
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
2009
2010
2011
manufacturing
transport and communications
real estate, leasing and services
mining
agriculture, hunting and forestry
power, gas and water production and distribution
construction
other services
Per capita capital
investment volume (RUB)
2009
27,305.7
31,155.2 33,516
40,000
35,000
30,000
25,000
5,000
10,000
15,000
20,000
0
2010 2011 (estimate)
Trends in capital investment
2009
277,573.2
96.7
84.3
450,000
400,000
350,000
300,000
250,000
200,000
150,000
100,000
50,000
0
120
100
80
40
20
0
2010 2011 (estimate)
328,943.9
113.6
106.0
386,144.7
107.8
108.3
Tatarstan capital investment, RUB million
Tatarstan capital investment, year‐on‐year percentage
change in comparable prices
Russia‐wide capital investment, year‐on‐year
percentage change in comparable prices (estimate)
38 | Guide to Investment | PwC
Foreign investments Foreign trade
For 2011, the Tatarstan economy brought in an
estimated USD 856.8 million including RUB-
denominated proceeds converted into USD.
As of 1 January 2012, the cumulative foreign in-
vestment in Tatarstan was USD 4,578.4 million.
In 2011 Tatarstan’s foreign trade balance
stood at around USD 26 billion. The repub-
lic’s biggest foreign trading partners are Ger-
many, Italy, Turkey, the Czech Republic and
Poland, among others.
Tatarstan's foreign trade
turnover (USD billion)
2009
11.8 17.0 21.9
1.7
2.6
3.3
30
10
20
0
2010 2011
exports imports
Russia's foreign trade turnover
(USD billion)
2009
301.7 400.4 522
167.4
248.7
323.2
1,000
800
600
200
400
0
2010 2011
exports imports
Tatarstan's export composition by product
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
2009
2010
2011
crude oil
oil products
synthetic rubber
machinery, equipment, instruments and transport vehicles
plastics and plastic products
tyres
other
Tatarstan's import composition by product
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
2009
2010
2011
machinery, equipment, instruments, transport vehicles and vehicle components
plastics and plastic products
organic chemical compounds
ferrous metals
other
Flow of foreign investment into
Tatarstan (USD thousand)
2009
2,240,308
Foreign investment inflow
Aggregate foreign investment as of 1 January
* Including RUB‐denominated investments converted into USD
5,843,141
4,149,679
856,837
4,870,539
4,578,375
8,000,000
6,000,000
4,000,000
2,000,000
0
2010 2011
PwC | Republic of Tatarstan | 39
Leading banks
operating in Tatarstan
Bank Contacts
OAO AK BARS Bank
1 Dekabristov St., Kazan, 420066
Tel.: +7 (843) 519-3999
Fax: +7 (843) 519-3975
E-mail: pozd@akbars.ru
Website: www.akbars.ru
OAO AIKB Tatfondbank
43/2 Chernyshevskogo St., Kazan, 420111
Tel.: +7 (843) 291-9999 / 291-9810
Fax: +7 (843) 291-9895 / 291-9804
E-mail: tfb@tfb.ru
Website: www.tfb.ru
OAO AKB Spurt
2 Spartakovskaya St., Kazan, 420107
Tel.: +7 (843) 291-5000
Fax: +7 (843) 291-5015
E-mail: info@spurtbank.ru
Website: www.spurtbank.ru
OAO Joint-Stock Commercial
Mortgage Bank AKIBANK
88a Prospekt Mira, Naberezhnye Chelny, 423818
Tel.: +7 (8552) 773-333 / 773-380
Fax: +7 (8552) 722-377
E-mail: office@akibank.ru
Website: www.akibank.ru
OAO AB Devon-Credit
77 Lenina St., Almetyevsk, 423450
Tel.: +7 (8553) 456-777
Fax: +7 (8553) 317-513
E-mail: devon@devoncredit.ru
Website: www.devoncredit.ru
OAO Sberbank of Russia
28 Peterburgskaya St., Kazan, 420107
Tel.: +7 (843) 519-2326
Website: www.sbrf.ru/tatarstan/
OAO Alfa-Bank
29B Nikolaya Yershova St., Kazan, 420045
Tel./fax: +7 (843) 291-1222
Website: www.alfabank.ru
OAO Rosselkhozbank
80 Dostoevskogo St., Kazan, 420097
Tel./Fax: +7 (843) 524-9944
E-mail: rkazan@kazan.rshb.ru
Website: www.rshb.ru
ANKOR BANK (OAO)
47 Bratyev Kasimovykh St., Kazan, 420101
Tel.: +7 (843) 229-8111
E-mail: bank@ankorbank.ru
Website: www.ankorbank.ru
AKB BTA-Kazan (OAO)
58 Prospect Ibragimova, Kazan, 420066
Tel.: +7 (843) 525-7474
Website: www.bta-kazan.ru
40 | Guide to Investment | PwC
AKB Energobank (OAO)
32 Sary Sadykovoi St., Kazan, 420021
Tel./Fax:	 +7 (843) 293-9393
Website:	www.energobank.ru
ZAO AIB Ipoteka-Invest
58 Vosstaniya St., Kazan, 420000
Tel.:	 +7 (843) 542-4637
Website:	www.ip-bank.ru
ZAO GKB Avtogradbank
43 Prospect Khasana Tufana, Naberezhnye Chelny, 423831
Tel./Fax:	 +7 (8552) 325-000
E-mail:	 agbank@avtogradbank.ru
Website:	www.avtogradbank.ru
OAO Bank Kazansky
162 Dekabristov St., Kazan, 420039
Tel./Fax:	 +7 (843) 544-8522
E-mail:	 bk@bik.ru
Website:	www.bik.ru
OAO IntekhBank
24 Chausse Marjani, Kazan, 420021
Tel.:	 +7 (843) 221-1700
Fax:	 +7 (843) 221-1701
E-mail:	 info@intechbank.ru
Website:	 www.intechbank.ru
OOO Kamsky Commercial Bank
21 Gidrostroitelei St. (P.O. Box 96), Naberezhnye Chelny, 423807
Tel.:	 +7 (8552) 704-918
Fax:	 +7 (8552) 704-842
E-mail:	 post@kamkombank.ru
Website:	www.kamkombank.ru
OOO KBER Bank of Kazan
1 Soldatskaya St., Kazan, 420066
Tel.:	 +7 (843) 518-9898
Fax:	 +7 (843) 516-8880
E-mail:	 info@bankofkazan.ru
Website:	 www.bankofkazan.ru
GE Money Bank
(ZAO GE Money Bank)
5 Karla Marxa St., Kazan, 420111
Tel.:	 +7 (800) 700-1010
Website:	www.gemoney.ru
Home Credit and Finance Bank
(OOO Home Credit and Finance Bank)
1a Nikolaya Yershova St., Kazan, 420045
Tel.:	 +7 (843) 567-2222
Website:	 www.homecredit.ru
Raiffeisen Bank
(ZAO Raiffeisenbank)
35a Nikolaya Yershova St., Kazan, 420045
Tel.:	 +7 (843) 299-0909
	 +7 (800) 700-9100
Website:	www.raiffeisen.ru
Intesa Bank (ZAO Bank Intesa)
13 M. Chuikova St., Kazan, 420094
Tel.:	 +7 (843) 519-1250 (51)
	 +7 (843) 519-7619
Website:	www.bancaintesa.ru
UniСredit Bank
(ZAO UniCredit Bank)
11 Dzerzhinskogo St., Kazan, 420111
Tel.:	 +7 (843) 292-1501
Website:	www.unicreditbank.ru
Credit Europe Bank
(ZAO Credit Europe Bank)
66 Baumana St., Kazan, 420111
Tel.:	 +7 (843) 292-1197
Website:	www.crediteurope.ru
Absolut Bank (KBC Group)
(ZAO AKB Absolut Bank)
14 Ostrovskogo St., Kazan, 420111
Tel.:	 +7 (843) 533-3344 (45)
E-mail:	 info@absolutbank.ru
Website:	www.absolutbank.ru
PwC | Republic of Tatarstan  |  41
Republic of Tatarstan
Rustam Minnikhanov
President of the Republic of Tatarstan
Kremlin, Kazan, 420014
Tel.: +7 (843) 567-8901
Fax: +7 (843) 292-7088
Website: www.president.tatarstan.ru
Ildar Khalikov
Prime Minister of the
Republic of Tatarstan
1 Svobody Sq., Kazan, 420060
Tel.: +7 (843) 264-7702
+7 (843) 292-8551
Fax: +7 (843) 264-3264
Website: www.prav.tatarstan.ru
Linar Yakupov
Chief Executive of Tatarstan
Investment Development Agency
50 Peterburgskaya St., Kazan, 420107
Tel.: +7 (843) 570-4001
+7 (843) 570-4005
Website: www.tida.tatarstan.ru
PwC Russia
Moscow
White Square Office Center
10 Butyrsky Val, Moscow, 125047
Tel.: +7 (495) 967-6000
Fax: +7 (495) 967-6001
Website: www.pwc.ru
Kazan
35/2 Pravo-Bulachnaya St., Kazan, 420111
Tel.: +7 (843) 233-0707
Fax: +7 (843) 233-0717
Denis Derevyankin
Director
Head of the Kazan office of PwC Russia
Tel.: +7 (843) 233-0711
E-mail: denis.derevyankin@ru.pwc.com
Damir Daulyatshin
Business Development Senior Specialist
Tel.: +7 (843) 233-0707
E-mail: damir.daulyatshin@ru.pwc.com
Contacts
42 | Guide to Investment | PwC
pwc - Guide to Investment - Republic of Tatarstan
© 2012 PwC. All rights reserved. Not for further distribution without the permission of PwC. “PwC” refers to
the network of member firms of PricewaterhouseCoopers International Limited (PwCIL). Each member firm is a
separate legal entity and does not act as agent of PwCIL or any other member firm. PwCIL does not provide any
services to clients. PwCIL is not responsible or liable for the acts or omissions of any of its member firms nor can
it control the execise of their professional judgment or bind them in any way. No member firm is responsible or
liable for the acts or omissions of any other member firm nor can it control the exercise of another member firm’s
professional judgment or bind another member firm or PwCIL in any way.
www.pwc.ru

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pwc - Guide to Investment - Republic of Tatarstan

  • 2. PwC Russia (www.pwc.ru) provides industry-focused assurance, advisory, tax and legal services. Over 2,000 professionals working in PwC offices in Moscow, St Petersburg, Ekaterinburg, Kazan, Novosibirsk, Krasnodar, Yuzhno-Sakhalinsk and Vladikavkaz share their thinking, experience and solutions to de- velop fresh perspectives and practical advice for our clients. Global PwC network includes over 161,000 employees in 154 countries. PwC first appeared in Russia in 1913 and re-established its presence here in 1989. Since then, PwC has been a leader in providing professional services in Russia. According to the annual rating published in Expert magazine, PwC is the largest audit and consulting firm in Russia (see Expert, 2000-2011). This overview has been prepared in conjunction with Tatarstan Investment Development Agency (TIDA). This publication has been prepared for general guidance on matters of interest only, and does not con- stitute professional advice. You should not act upon the information contained in this publication with- out obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, PwC network, its members, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.
  • 3. Welcome letter from the President of the Republic of Tatarstan Rustam Minnikhanov Foreword Tatarstan Investment Development Agency General information on Tatarstan • Overview • Education and science • Workforce • Sport events • Transport infrastructure The Republic of Tatarstan’s strategic economic development priorities • Chemicals and petrochemicals • Machinery and metal processing • IT and telecommunications • Agriculture and food processing • Construction • Health care and pharmaceuticals • Services and tourism • Halal industry Investment climate • Government non-profit organisations • International investment forums • Investment website Investment infrastructure • Special Economic Zone Alabuga Brief data points illustrating Tatarstan’s economic and investment potential • GRP and GDP • Industrial production • Investment in fixed capital • Foreign investments • Foreign trade Leading banks operating in Tatarstan Contacts Contents 4 25 28 6 36 8 10 40 16 42 PwC | Republic of Tatarstan | 3
  • 4. Welcome letter by the President of the Republic of Tatarstan Rustam Minnikhanov Today, it is widely recognised that Tatarstan has significant potential in terms of attrac- ting direct investment, primarily from fore- ign countries. Leading consultancies rank the republic among Russia’s most favourable regions in terms of investment climate and business opportunities. International rating agency Moody’s gave Tatarstan a Ba1 invest- ment rating, while rating agency Fitch gave it BBB, indicating that the region’s economy is both a highly reliable and attractive desti- nation for investment. Today 1,044 commer- cial organisations with foreign investment are registered in Tatarstan, of which 472 are wholly foreign owned. Tatarstan has established its own Tatarstan Investment Development Agency to ensure effective collaboration between the authori- ties and investors. This agency joined the World Association of Investment Promo- tion Agencies (WAIPA) in September 2011. The Agency’s key objectives are promoting Tatarstan in the global economy, attracting investors to the republic, and supporting ongoing investment projects. The Republic of Tatarstan is actively wor- king to develop modern industrial sites with diverse profiles, as well as industrial parks and business process outsourcing centres, which provide a favourable envi- ronment and meet investor requirements. Dear friends, It gives me great pleasure to introduce you to the Republic of Tatarstan, one of Russia’s fastest- growing regions, located at the intersection of strategic trade routes connecting northern and southern Russia, as well as Asia and Europe. 4 | Guide to Investment | PwC
  • 5. Special Economic Zone Alabuga is the best known of all such business platforms. Its residents have access to a fully established manufacturing, engineering, utilities, trans- port and customs infrastructure, while also enjoying a number of tax and customs ben- efits. Other facilities include Technopolis Himgrad, which was specially designed for chemicals and polymer processing compa- nies, and the Kama Industrial Park (KIP) Master, which was specifically designed for heavy engineering enterprises and is one of the republic’s prized initiatives. We are also currently working on the SMART City Inter- national Exhibition and Conference Centre project, which will include an expo centre and congress halls, an international educa- tion centre, and an international health and recreation centre. The Republic of Tatarstan is consistently implementing projects to develop industrial and park areas. Tatarstan’s legislation is in line with modern standards, and guarantees and protects the rights of investors. The rele- vant legislative base comprises the laws “On Foreign Investments” and “On Investment Activities”. A law “On public-private part- nerships” was recently enacted in Tatarstan, which creates the essential conditions for ex- panding the number of PPP-based projects. Particular attention should be paid to the de- velopment of Tatarstan’s transport network. Airlines, motorways, railways and navigable rivers constitute the core of this network. From a transport perspective, Tatarstan is located at a critical crossroads, linking the Urals, Siberia and the Far East with Euro- pean Russia and a number of CIS countries. We can state with confidence that we are moving in the right direction, given that such internationally recognised companies as Ford-Sollers, Rockwool, Hayat Group, Daimler, Lufthansa, Schneider Electric and Fujitsu have all chosen Tatarstan as a place to do business. I can assure you that the key economic pol- icy priorities of Tatarstan’s leadership have always been, and will continue to be, aimed at making the republic more attractive for the global investment community, and sup- porting business development and entrepre- neurial initiatives. We would be delighted to welcome you as a business partner, and wish you every success in carrying out your projects here, in the Republic of Tatarstan. Yours faithfully, Rustam Minnikhanov President of the Republic of Tatarstan PwC | Republic of Tatarstan  |  5
  • 6. Foreword The Republic of Tatarstan is an undisputed leader in Russia both in terms of economic growth and investment appeal. Located in the heart of Russia, Tatarstan is convenient for investors not only because of its geographical location, but also due to the wealth of natural resources and great educational and scientific potential in the region. The Tatarstan government is actively in- volved in increasing the region’s investment appeal. They have wisely implemented a number of projects designed to make the processes for international and Russian in- vestment in the region as simple as possible. The Tatarstan Investment Development Agen- cy (TIDA), established in 2011, is, for exam- ple, a reliable and useful “one-stop shop” tool. TIDA aims to support investment projects from the very first meeting with potential investors, in addition to assisting in project implementation. One of TIDA’s functions is to help in selection of a production site. A well- developed network of technology parks with sophisticated engineering infrastructure is available for investors. Such parks include the Khimgrad Technopolis, Idea Technol- ogy Park, as well as modern business incuba- tors located in various regions of Tatarstan. Leading Tatarstan’s development institutions is Special Economic Zone Alabuga, which attracts investors by promoting the develop- ment of high-tech projects in fundamental economic clusters: these include the petro- chemical complex, as well as the automotive and construction industries. 6 | Guide to Investment | PwC
  • 7. We cannot ignore the impressive work al- ready done by the Republic, nor the large- scale projects that have just begun as part of preparations for the XXVII World Summer Universiade 2013, the 2015 World Aquatics Championships, and the 2018 FIFA World Cup, during which it is planned a number of games will be held in Kazan. PwC Russia is proud to be a Partner and Official Professio- nal Services Provider to the XXVII World Summer Universiade 2013 in Kazan. With more than twenty years experience of working in Tatarstan, we at PwC can at- test to the Republic’s economic potential. We see Tatarstan as a reliable site for invest- ments. According to a 2011 PwC survey of Tatarstan investors, 70% were positive about the Tatarstan government’s increased focus on raising investments and thought that the investment climate (infrastructure and in- vestment comfort) has significantly improved over the past 3-5 years. This guide was prepared in collaboration with the TIDA and is based on data supplied by TIDA. We hope that you will find here all the necessary information on priority stra- tegic development areas of the Tatarstan economy and on the region’s economic and investment potential, and that this will help you to implement your investment ideas. Very truly yours, David Gray Managing Partner PwC Russia PwC | Republic of Tatarstan  |  7
  • 8. The Agency’s investment policy objectives are: • promoting Tatarstan worldwide as one of the most investment attractive regions of Russia; • attracting investment to the republic and creating the necessary investment infrastructure; • assisting and providing support for the development and implementation of investment projects, including PPP-based projects, which are a successful mechanism for working with investors. Applying to TIDA Determining investor’s requirements Completing package of documents Signing an agreement Project launch •providing information about the republic by industry •selecting an investment platform •helping resolve issues with the relevant ministries and agencies •helping prepare the necessary set of documents •agreeing the set of documents with relevant ministries and agencies •providing information support on legal, tax and other issues •interacting with ministries and agencies to agree and sign an investment agreement •managing the process of signing an investment agreement between the parties The Agency works with investors on a “one-stop-shop” principle. Tatarstan Investment Development Agency (TIDA) was established on 1 June 2011. Tatarstan Investment Development Agency 8 | Guide to Investment | PwC
  • 9. Tatarstan Investment Development Agency is a member of the World Association of Investment Promotion Agencies (WAIPA). Address: 50 Peterburgskaya St., Kazan, 420107 Tel.: +7 (843) 570-4001 Fax: +7 (843) 570-4005 E-mail: tida@tatar.ru Website: www.tida.tatarstan.ru www.invest.tatarstan.ru Linar Yakupov Chief Executive of Tatarstan Investment Development Agency PwC | Republic of Tatarstan | 9
  • 10. Kazan Chistopol Chistopol consumer goods and food processing Kazan the republic's capital heavy engineering, chemicals and petrochemicals, consumer goods and food processing Tatarstan is one of Russia’s most economically developed regions. It is located in the centre of a large industrial region, 800 kilometres east of Moscow, at the confluence of the Volga and Kama rivers. Tatarstan on a map of Russia General information on Tatarstan Overview Area: 67,836.2 sq. km Population: 3.8 million people Tatarstan stretches 290 km from North to South and 460 km from West to East Tatarstan has a moderately continental climate. Official languages are Tatar and Russian. Predominant religions are Islam and Orthodox Christianity 75.4% of Tatarstan’s residents live in urban areas. The capital is Kazan (area: 614.2 sq. km; population: 1.161 million people) Official website of the Republic of Tatarstan: www.tatarstan.ru 10 | Guide to Investment | PwC
  • 11. Nizhnekamsk Almetyevsk Elabuga Bugulma Naberezhnye Chelny Naberezhnye Chelny heavy engineering, utilities, consumer goods, construction, food and processing Nizhnekamsk petrochemicals Almetyevsk petrochemicals (oil and associated gas production) Elabuga oil production and heavy engineering Tatarstan’s natural resources Water resources: the Volga, Kama, Belaya and Vyatka rivers as well as numerous small rivers and lakes Forest resources cover 16% of the land Extractable resources: •oil (around 0.8 billion tonnes), •limestone and dolomite (66 million tonnes), •building stone (35.3 million cubic metres), •peat (over 35,000 ha), •gypsum (72 million tonnes), •brick earth (73.5m cubic metres), •petroleum bitumen (12.5 billion tonnes) On 30 August 2005, Kazan celebrated its 1,000-year anniversary. Since April 2009, Kazan has officially had the right to be called Russia’s Third Capital. The President of the Republic of Tatarstan is the region’s highest-ranking official. Rustam Minnikhanov is the President of the Republic of Tatarstan. Ildar Khalikov is the Prime Minister of the Republic of Tatarstan. Farid Mukhametshin is the Chairman of the State Council of the Republic of Tatarstan. Administration PwC | Republic of Tatarstan | 11
  • 12. Tatarstan has substantial scientific and edu- cational potential. Kazan is one of Russia’s leading educational centres, ranking third af- ter Moscow and St Petersburg in terms of the number of students (over 200,000 people). At the beginning of the 2011/2012 academic year, Tatarstan had: • 86 educational institutions (higher, secondary and specialised), of which • 30 are higher educational institutions (mostly located in Kazan). Nineteen of these are in the public sector while 11 are privately run. Kazan (Volga) Federal University was created on the basis of the famous V.I. Ulyanov-Lenin Kazan State University (KSU). This world-class research and educational centre is among Rus- sia’s federal universities. In 2009 the oldest universities in the country: • the A.N. Tupolev Kazan State Technical University and • Kazan State University of Technology won a competition of university development programmes to be eligible for the status of Na- tional Research University. The economically active population is 2 million people (53.9% of the total population) The average gross salary is RUB 20,009 per month (a 16.1% increase over 2010) Education and science Average per capita cash income, RUB 2009 25,000 15,915.4 Tatarstan Russia 16,857.0 18,158.1 18,887.8 19,791.8 20,702.7 20,000 15,000 10,000 5,000 0 2010 2011 Workforce 12 | Guide to Investment | PwC
  • 13. Sport events In 2013 Kazan will host the XXVII Summer Universiade, or World Student Games. Some 65 sports facilities concentrated in four areas of Kazan will be used during the Games. Over 100,000 people from 170 countries are expected to attend the Universiade. www.kazan2013.ru The 16th World Aquatics Championship will be held in Kazan in summer 2015. This marks the first time that Russia will host this tournament. A decision to hold this tour- nament in Kazan was taken at the General Congress of the International Swimming Federation (FINA) 2011, held in Shanghai on the eve of the 2011 World Cup. www.fina.org/H2O The plan for the 2018 FIFA World Cup includes 16 foot- ball stadiums in 13 Russian cities, grouped into four clusters: the northern clus- ter (Kaliningrad and St Pe- tersburg), the central cluster (Moscow), the Volga cluster (Kazan, Nizhny Novgorod, Yaroslavl, Samara, Vol- gograd and Saransk), the southern cluster (Krasnodar, Rostov-on-Don and Sochi) and Ekaterinburg. www.russia2018-2022.com XXVII Summer Universiade – 2013 World Aquatics Championships – 2015 FIFA World Cup – 2018 PwC | Republic of Tatarstan | 13
  • 14. Transport infrastructure Transport connection The republic is situated at the intersection of several major transport routes: railways (the Trans-Siberian Railway and the North-South line), rivers (the Volga and Kama rivers, which flow into the Caspian Sea, and the rivers of the Urals and greater Moscow re- gions), and motorways. Three federal high- ways cross the republic: the M-7 Volga, the M-5 Ural, and the Kazan-Orenburg highway. The region has 18,500 km of paved public roads. It also has three cargo ports with five cargo areas, four passenger ports (Kazan, Naber- ezhnye Chelny, Chistopol and Nizhne- kamsk), and six inland water terminals. Druzhba, the world’s largest oil pipeline, starts in Tatarstan. Large gas pipelines car- rying natural gas from the Urengoy and Yamburg fields to Western Europe also run through the republic. Six airports are located in Tatarstan. Kazan and Begishevo are federal airports. Tatarstan’s international airports operate scheduled flights to Germany, Greece, the Czech Republic, Cyprus, Turkey, Azerbai- jan, Uzbekistan and Tajikistan. In 2011, Kazan Airport hosted flights to 22 countries worldwide on over 50 routes. In 2011 Kazan Airport’s passenger traffic increased 28% to reach 1.23 million, a record high since the airport was built in 1979. A new terminal at Kazan Airport is due to open in July 2012. It will be able to handle up to 2 million passengers annually. To date, over RUB 1 billion has been spent on the project to modernise and develop airport infrastructure. By 2013 investments in the airport complex will exceed RUB 2 billion. The project is due to be completed by 2025, with completion taking place in three stages, increasing the passenger service facilities’ capacity to 5 million passengers per year (3,500 passengers per hour). Company name Website Telephone Kazan Airport www.airport.kazan.ru +7 (843) 267-8807 +7 (843) 267-8792 Kazan Railway Terminal www.pass.rzd.ru +7 (843) 294-0400 +7 (843) 294-0500 Kazan River Port www.sk-tatflot.ru +7 (843) 233-0982 +7 (843) 233-0969 14 | Guide to Investment | PwC
  • 15. One of the large-scale projects, being implemented in Tatarstan is the construc- tion of a section of the Europe-Western China international transport corridor. This corridor will reduce travel time by 3.5 times and significantly decrease transpor- tation costs, becoming the key freight route in the Cent-ral Asian region. Tatarstan’s logistics development pro- gramme links the construction of a section of the international transport corridor with the project to create the Sviyazhsk Inter- regional Multi-modal Logistics Hub, thus creating an important logistics network. The first phase of the Volga region’s largest logistics hub construction is scheduled for 2013. The hub’s key objective will be develo- ping infrastructure for China-Europe freight flows. Completing the project to build the Sviyazhsk Interregional Multi- modal Logistics Hub will enable freight to be shipped to any region in Russia, re- directing freight flows away from Central Russia. This solves the following pressing issues: taking pressure off the transport in- frastructure of the greater Moscow region, and creating social and economic infra- structure along the length of the corridor. Distance from potential markets Moscow 797 km St. Petersburg 1515 km Ekaterinburg 930 km Sochi 2015 km Kazakhstan 1910 km Uzbekistan 2590 km Ukraine 1725 km Belarus 1550 km Latvia 1755 km Finland 1905 km КазаньKazan PwC | Republic of Tatarstan | 15
  • 16. • chemicals and petrochemicals • machinery and metal processing • IT and telecommunications • agriculture and food processing • construction • health care and pharmaceuticals • services and tourism • halal industry The Republic of Tatarstan has set the objective of creating an invest- ment infrastructure that can help attract both Russian and foreign investors in the coming years. The following priority areas for Tatarstan’s economic development have been established to help achieve this objective and improve Tatarstan’s investment climate while also ensuring international investors are offered competitive terms: The Republic of Tatarstan’s strategic economic development priorities 16 | Guide to Investment | PwC
  • 17. Chemicals and petrochemicals The chemicals and petrochemicals industry encompasses the following: • chemical production • rubber and plastics production • petroleum product manufacturing In 2011 the republic’s petrochemical compa- nies earned RUB 770 billion. This represents a 25% year-on-year increase. Corporate pro- fits reached RUB 139 billion, with profitabi- lity increasing by almost 7%. The largest petrochemicals companies inc- lude ОАО TANEKO, ОАО TAIF, ОАО Nizh- nekamskneftekhim, ОАО Nizhnekamskshina, ОАО Kazanorgsintez, ОАО TAIF-NK and ОАО Nefis-Cosmetics. Foreign investment in the industry: ООО Pixar Coatings (Italy), Clariant (Switzerland), ООО P-D Tatneft-Alabuga Steklovolokno (Germany) and ООО Air Liq- uide Alabuga (France). Dynamics of chemical and petrochemical production, RUB billion 2009 250.0 77.9 39.7 Oil products manufacturing Chemical production Rubber and plastics production 104.8 98.4 51.7 161.5 154.3 56.5 196.4200.0 150.0 100.0 50.0 0 2010 2011 PwC | Republic of Tatarstan | 17
  • 18. Machinery and metal processing Machinery and metal processing encompasses the following: • metallurgical production and production of finished metal goods • machinery and equipment production • the production of electronics, electrical and optical equipment • the production of transport vehicles and equipment The industrial production index for machinery and equipment in 2011, as compared to 2010, was 108.0%; 113.7% for electronics, electrical and optical equipment production; 107% for the production of transport vehicles and equip- ment; and 109.5% for metallurgical produc- tion and production of finished metal goods. The largest manufacturers are: ОАО KAMAZ, ОАО S.P. Gorbunov KAPO, ОАО Kazankompressormash, and ОАО A.M. Gorky Zelenodolsk Plant. Foreign investments in the industry: ООО Ford Sollers Holding, Daimler AG (Germany), Honeywell (US), ZAO Schneider Electric (Germany) and ZAO Cummings Kama (US). Production of transport vehicles 2009 27.9 2.1 trucks, thousands of units passenger cars, thousands of units buses, thousands of units 5.3 45.1 2.9 11.5 57.5 2.0 20.0 80.0 60.0 40.0 20.0 0 2010 2011 18 | Guide to Investment | PwC
  • 19. IT and telecommunications Over the past few years, Tatarstan has taken a leading position in the IT and high-tech sector. IT and telecommunications include the fol- lowing types of activity: • mobile telecommunications • Internet access • software development In 2011 gross earnings were RUB 40 billion with a 112.6% growth rate. The industry’s gross earnings accounted for 3.1% of the republic’s GRP. Capital investment in the industry from all sources reached RUB 7.86 billion. The mobile phone network covers around 96% of Tatarstan. Tatarstan’s largest software developers include: ICL-KPO VS, BARS Group, OCS, Softline and TAXNET. Foreign investments in the industry: Fujitsu Russia GDC. Trends in numbers of cellular subscribers (thousands) 2009 6,075.8 5,973.8 6,151.16,200 6,150 6,100 6,000 6,050 5,950 5,900 5,850 2010 2011 PwC | Republic of Tatarstan | 19
  • 20. The agricultural sector includes: • crop production; • livestock production. The output for all agricultural producers (agricultural entities, residential households and farms) was RUB 165,647.3 million in current prices, or 152.6% versus the 2010 level. Crop production increased 2.8 times over the period, while livestock production decreased by 0.1%. Sustainable agricultural development in Ta- tarstan is based on the following: • top priority status - 10% of the republic’s budget is allocated to agricultural sub- sidies; • multi-format nature - over half of farm- land and livestock are owned by large investors, ordinary agricultural busi- nesses and small enterprises develop in a balanced way; • innovative technologies - over 70% of the land is cultivated and seeded using resource-saving technologies, 15% of the farmland is seeded with elite seeds (10% for Russia) and 24% of the livestock is pedigree cattle (12% for Russia); • insured farmland accounts for 45.8% (the average for Russia is 13%). With 2.2% of Russia’s arable land, Tatarstan produces around 5% of all agricul- tural products. Family farms are at the heart of a new and promising approach to the development of rural small businesses. As of the beginning of 2011, there were 23 family farms in vari- ous districts of the republic. Their number increased to 400 by the end of the year. The largest companies: OAO VAMIN, ZAO Agrosila Group, OOO Chelny Broiler and Krasnyi Vostok Agroholding. Agriculture and food processing Gross agricultural production 2009 116.5 104.1 165.6 100.8 67.8 152.6 200 150 100 50 0 2010 2011 RUB billion Year‐on‐year percentage change in comparable prices Crop production (thousands of tonnes) 2009 1,900.8 304.9 4,441.8 1,501.9 521 245 661 682 1,393 319 4,868 1,936 5,000 4,000 3,000 2,000 1,000 0 2010 2011 Potatoes Vegetables Grain Sugar beetPotatoes Vegetables Grain Sugar beetPotatoes Vegetables Grain Sugar beet Trends in production of beef cattle and poultry (by live weight) by agricultural entities of all types (thousands of tonnes) 2009 412.9 426.3 427.5 430 425 420 410 415 405 2010 2011 20 | Guide to Investment | PwC
  • 21. Construction The construction sector encompasses the fol- lowing: • construction of residential houses; • construction of non-residential buildings; • construction of infrastructure. Currently, the real estate market is shaped by a number of key factors: • construction of facilities for the Universiade; • a wide-scale major renovation programme; • active development of infrastructure and road interchanges. These factors have a substantial impact on consumer preferences and price levels in different quality segments of Tatarstan’s housing market. In 2011, the average cost per sq m RUB 35,750.10 in the primary market, and RUB 38,386.57 in the secondary market. Foreign investments in production of con- struction materials: ООО Rockwool-Volga (Denmark), ООО Wienerberger-Kurkachi (Germany) and ООО Custamony Integrated Wood Industry (Turkey). New housing commissioned (sq m) 2009 2,010,200 2,027,267 2,396,091 2,600,000 2,400,000 2,000,000 2,200,000 1,800,000 2010 2011 Construction volume 2009 165,221.5 179,931.3 233,206.4 103.9 104.9 106.8 250,000 200,000 150,000 100,000 50,000 0 2010 2011 Construction volume, RUB million year-on-year percentage change in comparable prices PwC | Republic of Tatarstan | 21
  • 22. Health care and pharmaceuticals Health care and pharmaceuticals encompass the following: • production of medical equipment and phar- maceuticals; • provision of health care services; • pharmacy chains. Foreign-made pharmaceuticals accounted for 76% of the market in value terms while do- mestic medicines dominated the local market (63%). In 2011, the average cost of treatments pre- scribed to out-patients increased 1.62% in Ta- tarstan (with inflation at 6.1%), while in Russia as a whole it increased 2.17%, and in the Volga Federal District it rose 2.27%. The largest companies in this sector are: OAO Kazan Medical Instrument Plant, one of Russia’s largest medical instrument compa- nies, producing over 3,000 different medical products. OAO Tatkhimfarmpreparaty, a major phar- maceutical company, including two modern plants: a chemical and pharmaceutical plant and a surgical suture materials factory. OAO Tatkhimfarmpreparaty is the only catgut producer in Russia. Foreign investments in the industry: OOO Saria Bio-Industries Alabuga. The size of the republic’s pharmaceutical mar- ket increased 7% in 2011 to reach RUB 16.27 billion. Tatarstan retail market 2009 1,213 pharmaceutical institutions pharmacies 621 1,280 672 1,351 709 1,600 1,200 800 400 0 2010 2011 2009 4.4 15.1 16.318.0 16.0 12.0 14.0 10.0 6.0 8.0 4.0 2.0 0.0 2010 2011 Volume of the Tatarstan pharmaceuticals market, RUB billion 22 | Guide to Investment | PwC
  • 23. Services and tourism Services and tourism encompass the fol- lowing: • hotels • restaurants • tourism Over the past five years, the republic’s internal tourist flow has seen an average year-on-year increase of 12%, and today stands at 1.2 million visitors annually. That puts Tatarstan among the leaders not only in the Volga region but in Russia as a whole. Today 550 tour operators providing travel services are registered and operate in the republic. These tour operators include 50 companies engaged in domestic tourism, 10 firms involved in international tourism and 7 providing both international and domestic travel services. Number of hotels (2011) • Tatarstan total: 152 (hotel room capacity: 6,000) • Including Kazan: 97 (hotel room capacity: 4,500) • Other than Kazan: 55 (hotel room capacity: 1,500) As of 1 January 2012 there were 4,852 catering enterprises with a total seat- ing capacity of 286,000 in the republic, 2,600 of which are widely available chains (restaurants, cafeterias, pubs, snack-bars and canteens), 1,800 are school canteens, more than 400 are manufacturing enter- prises canteens and cafeterias. Foreign investment in the industry: Marri- ott, Ibis, and Park Inn (hotels); Lufthansa, FlyDubai, and Turkish Airlines (airlines); and the McDonald’s restaurant chain. PwC | Republic of Tatarstan | 23
  • 24. Halal industry The halal industry encompasses the following types of activities: • food products; • halal services; • for halal pharmaceuticals; • for halal cosmetics. Tatarstan is Russia’s halal industry leader, which is proved by numerous facts: • the large-scale KAZANHALAL Interna- tional Trade Fair, which the region has hosted for the third time; • the opening of the Kazan Halal Hub, Russia’s first halal transport and logistics centre for storing and distributing halal products made by domestic and foreign producers in both Russia and the CIS countries; • establishing the Baltach agricultural park. International Islamic conferences are held on an ongoing basis. Tatarstan has been a pioneer among Russian regions in attrac- ting Sharia-based Islamic investment. Islam- ic banking structures have been established, and a new economic model is being created in the republic. In 2005 a Halal Standards Committee was set up under the Spiritual Board of Muslims of Ta- tarstan (DUM) for overseeing the production and sale of halal products, which has been gro- wing rapidly in Russia in recent years. 24 | Guide to Investment | PwC
  • 25. The Republic of Tatarstan government offers investors the following benefits: Investment climate Over the past several years Tatarstan has been one of the Russian regions with the least risk exposure for foreign investors. According to the international rating agencies Moody’s and Fitch, Tatarstan ranks as one of the most investor-friendly regions: 2007 2008 2009 2010 2011 Moody’s Ba1 Ba1 Ba1 Ba1 Ba1 Fitch BB+ BBB- BBB- BBB- BBB- Tax benefits Under Tatarstan law, investors that carry out investment projects in the republic are granted tax benefits for the payback period of the given investment project, which may not exceed seven years (13 years for the heavy en- gineering industry) after the project begins. Current system Beneficial rate Profits tax 20% 15.5% Property tax 2.2% 0.1% Land tax 1.5%* 0%* * given a decision by the local legislative council of the relevant Republic of Tatarstan municipality Government regulation and support: • publicly funded loans; • partial compensation of bank loan interest rates and bond coupon payments; • government guarantees; • provision of industrial space and infrastructure; • tax preferences; • co-financing; • grants. Tatarstan’s regulatory framework includes, among other things, the following legislation: • Republic of Tatarstan Law “On In- vestment Activity in the Republic of Tatarstan” • Republic of Tatarstan Law “On For- eign Investment in the Republic of Tatarstan” • Republic of Tatarstan Law “On Public-Private Partnerships in the Republic of Tatarstan” • Republic of Tatarstan Cabinet of Ministers Resolution “On Approv- ing Regulations on the Procedure for Rendering State Support to Entities and Organisations Carrying Out In- vestment Projects in the Republic of Tatarstan” • Republic of Tatarstan Cabinet of Ministers Resolution “On Approving the Investment Memorandum of the Republic of Tatarstan for 2012” PwC | Republic of Tatarstan | 25
  • 26. Government non-profit organisations The government has worked to increase the availability of investment resources through joint financing arrangements with banks, private and non-state investors. The following institutions are involved in this process: State Non-profit Organisation Investment and Venture Fund of the Republic of Tatarstan • developing research-intensive production and introducing new, cutting-edge technolo- gies, • formulating new regional approaches to innovation-driven development activities, • creating favourable conditions for boosting the number of venture capital firms, and en- hancing support systems for research-intensive small and medium-sized enterprises (SME). 50 Peterburgskaya St., Kazan, 420107 Tel.: +7 (843) 570-4017 Fax: +7 (843) 570-4000 E-mail: reception@ivfrt.com Website: www.ivf.tatarstan.ru Tatarstan Export and Investment Promotion Corporation OAO (TATEXIM) * • supporting export-oriented SMEs; • promoting Tatarstan-made goods within Russia and in foreign markets. 50 Peterburgskaya St., Kazan, 420107 Tel.: +7 (843) 570-4001 Fax: +7 (843) 570-4005 E-mail: tida@tatar.ru Website: tida.tatarstan.ru Tatarstan Development Corporation OAO (TDC) * • setting up infrastructure for land sites aimed at investment project implementation; • creating new industrial parks and develo- ping existing ones. 50 Peterburgskaya St., Kazan, 420107 Tel.: +7 (843) 570-4001 Fax: +7 (843) 570-4005 E-mail: tida@tatar.ru Website: tida.tatarstan.ru * in process of development Non-profit Organisation Tatarstan Guarantee Fund • a guarantee fund for helping Tatarstan SMEs meet their credit obligations; • bank loan guarantees for SMEs of up to 50% of an individual SME’s overall liability. 50 Peterburgskaya St., Kazan, 420107 Tel.: +7 (843) 570-4001 Fax: +7 (843) 570-4005 E-mail: tida@tatar.ru Website: tida.tatarstan.ru 26 | Guide to Investment | PwC
  • 27. International investment forums KAZANINVEST: FDI & WAIPA Objectives of the KAZANINVEST Interna- tional Investment Forum: • sharing experience in attracting invest- ment • discussing ways to enhance the invest- ment appeal of Russia’s regions • reviewing new tools for attracting direct investment in SME sector projects • creating the necessary conditions for at- tracting foreign direct investment (FDI) and efficiently developing the region’s potential Participants in the event include representa- tives of the federal and regional govern- ments, leading Russian development insti- tutions engaged in investment promotion, members of the World Association of Invest- ment Promotion Agencies (WAIPA), and in- ternational companies. www.tida.tatarstan.ru | www.tida.tatarstan.ru/eng KAZANSUMMIT: Economic coopera- tion of Russia and OIC countries Russia’s premier economic summit focused on Islamic business and finance. The key objective of this event is to facilitate the development of economic and financial ties between businesspeople that are gro- unded in the principles of Islam. Among the Summit’s main focus areas are: • determining the strategic prospects for developing international economic ties be- tween Russia and the Muslim world; • laying the groundwork for cooperation in direct investment by the private sector in both Russia and Islamic countries; • conducting a public discussion and devel- oping recommendations concerning how the Islamic finance system functions. www.kazansummit.ru | www.kazansummit.com Kazan Venture Fair Every year since 2005, Investment and Venture Fund of the Republic of Tatarstan, together with the Russian Association of Direct and Venture Investments, holds the Kazan Venture Fair, representing a platform for the ma-nagement of innovation-driven small- and mid-cap companies to present their businesses to potential investors. www.ivf.tatarstan.ru | www.ivf.tatarstan.ru/eng Investment website The Invest in Tatarstan Internet site is a convenient and comprehensive tool for investors. It provides essential information about the region, including: • recent data on social and economic conditions in Tatarstan; • information on federal, regional and local-level investment projects; • details on Tatarstan’s investment legislation; • information about industrial and investment platforms; • data on Tatarstan’s credit and investment ratings; • utility rates for electricity, water and gas supply; • investment-related presentation and reference materials. Other advantages of the website are: • a unique interactive card; • functional search engine; • option of posting information on investment projects on the website. www.invest.tatarstan.ru www.invest.tatarstan.ru/en PwC | Republic of Tatarstan | 27
  • 28. Investment infrastructure The Republic of Tatarstan has put in place set of legislative and organisational measures to foster a favourable environment for all busi- nesses, aimed at accelerating investment and innovation-driven activity, spurring economic growth, increasing productivity and resolving social issues. Tatarstan’s innovation-related infrastructure includes: • Special Economic Zone Alabuga • Technopolis Himgrad • 4 industrial parks • 6 techno-parks • 6 business incubators • 3 agricultural parks • 2 industrial platforms Name Production General Space Available Space Website Special Economic Zone Alabuga Industrial production 2,000 hectares 938 hectares www.alabuga.ru Industrial Park Kamskiye Polyany Polymer processing 260 hectares 250 hectares www.kamapark.ru Technopolis Himgrad Small-tonnage chemistry and processing of polymer products 131 hectares 45 hectares www.himgrad.ru Agro-Industrial Park of the Republic of Tatarstan Processing, storage and sales of agricultural products 8 hectares 4.5 hectares www.tida.tatarstan.ru Kama Industrial Park (KIP) Master Heavy engineering 43 hectares 9 hectares www.kipmaster.ru IDEA Innovative Technopark Research-intensive production 28,700 sq. m 1,500 sq. m www.tpidea.ru IT Park High-Technology Park High technologies 3.2 hectares – www.itpark-kazan.ru 28 | Guide to Investment | PwC
  • 30. Samara region Mariy-El Chuvashia Kirov region Ulyanovsk region Kazan Chistopol Baltasy Baltasy urban settlement • Baltach Halal Agricultural Park Zelenodolsky District • M-7 Industrial Park Chistopol • Vostok Innovation and Production Technology Park • Chistopol Business Incubator • Chistopol Industrial Park Kazan • Technopolis Himgrad • IDEA Innovative Technopark • IT Park High-Technology Park • Agro-Industrial Park of the Republic of Tatarstan * • Centre for Innovative Activity Scientific-Technical Park at Kazan State University • KINAT Innovation-Technology Centre Technopark for Industrial Technologies • Sviyaga Business Incubator • Volga Region Business Incubator for Light Industry • Scientific-Technical Park at the A.N. Tupolev Kazan State Technical University • Derbyshki Industrial Park* 30  |  Guide to Investment | PwC
  • 31. Udmurtia Bashkortostan Orenburg region * Planned projects Leninogorsk Elabuga Bugulma Naberezhnye Chelny Aktanysh Nizhnekamsk Naberezhnye Chelny • Kama Industrial Park (KIP) Master • Prikamya Technology Park Research and Industrial Non-Commercial Partnership • Naberezhnye Chelny Business Incubator • Zarital Agricultural Park • Prikamya Technopark Nizhnekamsk • Industrial Park Kamskiye Polyany Bugulma • Bugulma Industrial Park* village of Aktanysh • Industrial Platform of the Aktanysh Municipal District Leninogorsk • Idea-South-East Innovation and Technology Park Elabuga • Special Economic Zone Alabuga • The Alabuga Industrial Site • The Elabuga Business Incubator PwC | Republic of Tatarstan  |  31
  • 32. Kama Industrial Park (KIP) Master The Kama Industrial Park (KIP) Master is the sole example of a functioning industrial park with an exclusive focus on the heavy engineering sector. Its major goal is to pro- vide for the robust development of advanced automotive component manufacturing. More than half of the park’s resident compa- nies cooperate closely with OAO KAMAZ. Address: 45 Proizvodsnvenniy Proezd, Industrial Zone, Naberezhnye Chelny, 423800 Tel.: +7 (8552) 388-883 E-mail: kip-master@kamaz.org Website: www.kipmaster.ru Technopolis Himgrad Technopolis Himgrad offers the favourable environment for developing innovative SMEs in the petrochemicals and polymer process- ing sectors. Technopolis Himgrad is the first Russian industrial park certified by the As- sociation of Industrial Parks in the Russian Federation. At present Technopolis Himgrad boasts: • over 250 small companies; • over 100 developed products; • over 60 patents and trademarks; • about 20 items of “know-how”. Product consumers: Major Russian com- panies including OAO Gazprom, OAO NK Rosneft, OAO Lukoil and OAO Nestle Russia. Export sales to the CIS and other countries account for 10% of all goods produced. Address: 100 Vosstaniya St., Kazan, 420095 Tel.: +7 (843) 227-4140 E-mail: info@himgrad.ru Website: www.himgrad.ru IDEA Innovative Technopark IDEA Innovation and Production Tech- nopark is Tatarstan’s most important techno- park and includes: • An innovative business incubator with of- fice premises for innovative projects in the early development stages (2,500 sq m); • An innovation technology centre with of- fice premises for young innovation-driven companies (14,200 sq m); • A business park with office premises for service companies and companies at the ex- pansion stage (total area of 10,300 sq m). Over the five years it has been in operation, 117 companies have become residents of IDEA Innovation and Production Techno- park. These resident companies employ ap- proximately 1,600 people, whose salaries are above the average level for the republic. The technology park is one of Europe’s lar- gest in size (30,000 sq m on 2 ha of land in the centre of Kazan). IDEA Innovation and Production Tech- nopark was one of the winners in the first- ever competition to create a nanotechnology centre in Russia. The competition was held by the Rosnano State Corporation. Its anchor residents include representative offices of DHL, McDonalds, Siemens, NPP GKS, Yokogawa Electric CIS and ZAO GE Money Bank. Address: 50 Peterburgskaya St., Kazan, 420107 Tel.: +7 (843) 570-6850 E-mail: info@tpidea.ru Website: www.tpidea.ru 32  |  Guide to Investment | PwC
  • 33. IT Park High-Technology Park The IT Park is newest facility within Ta- tarstan’s regional innovation support system. It is Eastern Europe’s largest deve- lopment institute aimed at promoting the large-scale commercialisation of IT and communications projects. The IT Park’s main goal is to ensure the most favourable conditions possible for start-up and growing high-tech companies at the design, develop- ment and market-entry stages for high-tech products, including providing funding, tech- nological and methodological support based on international standards. One of the key areas of specialisation for IT Park resident companies is software development, includ- ing applications for “electronic government” and “electronic public services”. Another IT Park site, now under construc- tion, is designed for localising innova- tion-driven SMEs in the chemical and petrochemical industries. Construction is also under way on a second IT park in Naber- ezhnye Chelny, which is intended as a uni- versal platform for serving businesses in the Kama Economic District, which is home to the Alabuga Special Economic Zone, OAO Kamaz, OAO Sollers, OAO Taneko and OAO Ammoniy, among others. Address: 52 Peterburgskaya St., Kazan, 420074 Tel.: +7 (843) 235-1475 E-mail: it.park@tatar.ru Website: www.itpark-kazan.ru Agro-Industrial Park of the Republic of Tatarstan The Republic of Tatarstan Agricultural Park is a cluster of real estate facilities located on a 8.4-hectare plot of land which is dedicated to helping agricultural SMEs grow their businesses. The Agricultural Park’s top priority is pro- viding the region’s agricultural producers with the essential material and technical infrastructure for doing business in the agri- cultural sector, particularly the production, storage, processing and sale of diverse agri- cultural products. The facility is scheduled to open in 2Q-3Q 2012. Republic of Tatarstan Investment Promotion Agency Address: 50 Peterburgskaya St., Kazan, 420107 Tel.: +7 (843) 570-4001 Fax: +7 (843) 570-4005 E-mail: tida@tatar.ru Website: www.tida.tatarstan.ru Baltach Halal Agricultural Park The Baltach Halal Agricultural Park is Rus- sia’s first-ever halal agricultural park for SMEs active in the halal industry or opening a halal-based business. Address: 1 Polevaya St., Baltasy urban settlement, Tatarstan Tel.: +7 (843) 682-6374 +7 (960) 041-1220 Fax: +7 (843) 682-6375 E-mail: hip-baltach@mail.ru Website: www.hip-baltach.ru PwC | Republic of Tatarstan  |  33
  • 34. Special Economic Zone Alabuga Special Economic Zone (SEZ) Alabuga plays a leading role among Tatarstan’s develop- ment institutions. It serves as centre of attracting investors and carrying out pro- mising high-tech projects in such fundamen- tal economic clusters as the petrochemicals, automotive and construction industries. SEZ Alabuga resident companies have in- vested a total of USD 2.6 billion. Brief overview of SEZ Alabuga: • SEZ Alabuga was established on 21 De- cember 2005 within the Elabuga munici- pality; • It occupies a 20 sq km site; • It has 25* resident companies; • It provides 11,707 jobs*; • The minimum investment threshold for obtaining resident status is EUR 3 million; • Total public investment in the project amounts to RUB 15.2 billion. * as of 1 March 2012 SEZ Alabuga has access to federal highways and railways. The following modes of trans- port are available for freight forwarding: • air – Begishevo Airport; • rail – branch railway line of over 5 km integrated with the federal railway network; • road – on-site road network of over 13 km plus the federal M7 Highway; • river – river cargo ports at Naberezhnye Chelny and Nizhnekamsk. Special tax regime Current taxation system for SEZ Alabuga residents Profits tax 20% 15.5% Value added tax 18% 18% Property tax 2.2% 0% Land tax 1.5% 0% Transport Tax * 0% * rates depend on the type and capacity of the transport vehicle 34 | Guide to Investment | PwC
  • 35. SEZ Alabuga residents comprise 25 major Russian and international companies that have invested over USD 2.6 billion (RUB 80 billion), including such internationally known brands as Rockwool, Ford-Sollers, Armstrong, Isuzu, Air Liquide, Sisecam, Saint Gobain, Kastamonu Integre, Saria Bio- industries Volga, Preiss-Daimler, Tatneft and many others. Among the SEZ Alabuga’s other competitive advantages are: • All essential industrial infrastructure is already in place. • Residents are not charged any fee for connecting to utility systems. • Residents are granted tax benefits for up to 10 years. • The special economic zone customs regime exempts imports of modern high-tech equipment, raw materials and components from both import duties and VAT. • The SEZ has its own customs post, al- lowing resident companies to promptly resolve any customs-related issues. An electronic customs declaration system is available. • The “one-stop-shop” combines the of- fices of 16 regulatory agencies under one roof within the SEZ’s administrative and business centre. This allows residents interact with governmental authorities without lea-ving the SEZ.SEZ Alabuga offers free hook-ups to the power grid. Cost of connecting to the power grid: • Moscow – RUB 29 billion per 1 MW • Tatarstan – RUB 6.25 billion per 1 MW • Alabuga SEZ – RUB 0 Outlook SEZ Alabuga’s long-term development strategy calls for putting into ope-ration the production facilities of about 35 resi- dent companies by 2013, which will cre- ate about 16,000 new jobs and bring in at least RUB 100 billion in investment in the domestic economy. Alabuga Industrial Space 4/1 Sh-2 Elabuga municipal district City of Elabuga, 423602, Tatarstan Tel.: +7 (85557) 59-005 Mob.: +7 (927) 480-0221 Website: www.alabuga.ru E-mail: invest@sezalabuga.ru PwC | Republic of Tatarstan  |  35
  • 36. Brief data points illustrating Tatarstan’s economic and investment potential In 2011 locally produced goods shipped, and work and services performed locally were worth RUB 1,294.5 billion. GRP per capita, RUB thousand 2009 234.5 265.4 329.4 400 300 100 200 0 2010 2011 (estimate) GDP of the Russian Federation and GRP of the Republic of Tatarstan 2009 885.1 96.6 92.2 1,400 1,200 1,000 800 600 400 200 0 110 105 100 95 90 85 2010 2011 (estimate) 1,004.7 104.3 104.3 1,250.0 104.6 104.3 Tatarstan GRP, RUB billion Tatarstan GRP, year on year percentage change in comparable prices Russia wide GDP, year on year percentage change in comparable prices Industrial production rates 2009 867.6 95.6 90.7 1,400 1,200 1,000 800 600 400 200 0 110 105 100 95 90 85 2010 2011 (estimate) 1,062.8 108.4 108.2 1,294.5 105.7 104.7 Volume of shipped goods, RUB billion Tatarstan industrial production index, year‐on‐year percentage change in comparable prices Russia‐wide industrial production index, year‐on‐year percentage change in comparable prices GRP and GDP Industrial production 36 | Guide to Investment | PwC
  • 37. In 2011 the following types of economic activity had the greatest share in the total volume of shipped goods: energy and mine- rals (28%), chemicals (15.2%), transport vehicles and equipment (15%), oil refining (11.9%), power, gas and water production and distribution (7.7%). Oil predominates in Tatarstan’s wealth of subsoil resources. Estimated reserves amount to around one billion tonnes. In 2011 Tatarstan produced 32.5 million tonnes of oil, representing a year-on-year increase of 0.4%. Thirty-six oil companies operate in Ta- tarstan, the largest of which is OAO Tatneft. Structure of shipped goods by field of business 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2009 2010 2011 Energy and mining Oil products, chemicals, rubber and plastic goods Machinery and equipment Power, gas and water production and distribution Food production Metals and finished metal goods Mineral resource production excluding energy; production of other non-metallic minerals Other production Trends in crude oil production, million tonnes 2009 32.41 32.38 32.50 32.6 32.4 32.5 32.3 2010 2011 PwC | Republic of Tatarstan  |  37
  • 38. Investment in fixed capital Among the regions in the Volga Federal District, the Republic of Tatarstan has tradi- tionally been one of the leaders in terms of volume of investment. According to state statistics agencies, fixed capital investments amounted to RUB 386.1 billion in 2011 (107.8% growth versus 2010). Regarding the distribution of investment among industries, manufacturing is the key sector. Tatarstan has seen an improved indicator for per capita volume of investment in fixed capital (with the exception of budget funds) in 2003 prices, which stood at RUB 33,516 for 2011. Tatarstan capital investment by field of business 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2009 2010 2011 manufacturing transport and communications real estate, leasing and services mining agriculture, hunting and forestry power, gas and water production and distribution construction other services Per capita capital investment volume (RUB) 2009 27,305.7 31,155.2 33,516 40,000 35,000 30,000 25,000 5,000 10,000 15,000 20,000 0 2010 2011 (estimate) Trends in capital investment 2009 277,573.2 96.7 84.3 450,000 400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 0 120 100 80 40 20 0 2010 2011 (estimate) 328,943.9 113.6 106.0 386,144.7 107.8 108.3 Tatarstan capital investment, RUB million Tatarstan capital investment, year‐on‐year percentage change in comparable prices Russia‐wide capital investment, year‐on‐year percentage change in comparable prices (estimate) 38 | Guide to Investment | PwC
  • 39. Foreign investments Foreign trade For 2011, the Tatarstan economy brought in an estimated USD 856.8 million including RUB- denominated proceeds converted into USD. As of 1 January 2012, the cumulative foreign in- vestment in Tatarstan was USD 4,578.4 million. In 2011 Tatarstan’s foreign trade balance stood at around USD 26 billion. The repub- lic’s biggest foreign trading partners are Ger- many, Italy, Turkey, the Czech Republic and Poland, among others. Tatarstan's foreign trade turnover (USD billion) 2009 11.8 17.0 21.9 1.7 2.6 3.3 30 10 20 0 2010 2011 exports imports Russia's foreign trade turnover (USD billion) 2009 301.7 400.4 522 167.4 248.7 323.2 1,000 800 600 200 400 0 2010 2011 exports imports Tatarstan's export composition by product 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2009 2010 2011 crude oil oil products synthetic rubber machinery, equipment, instruments and transport vehicles plastics and plastic products tyres other Tatarstan's import composition by product 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2009 2010 2011 machinery, equipment, instruments, transport vehicles and vehicle components plastics and plastic products organic chemical compounds ferrous metals other Flow of foreign investment into Tatarstan (USD thousand) 2009 2,240,308 Foreign investment inflow Aggregate foreign investment as of 1 January * Including RUB‐denominated investments converted into USD 5,843,141 4,149,679 856,837 4,870,539 4,578,375 8,000,000 6,000,000 4,000,000 2,000,000 0 2010 2011 PwC | Republic of Tatarstan | 39
  • 40. Leading banks operating in Tatarstan Bank Contacts OAO AK BARS Bank 1 Dekabristov St., Kazan, 420066 Tel.: +7 (843) 519-3999 Fax: +7 (843) 519-3975 E-mail: pozd@akbars.ru Website: www.akbars.ru OAO AIKB Tatfondbank 43/2 Chernyshevskogo St., Kazan, 420111 Tel.: +7 (843) 291-9999 / 291-9810 Fax: +7 (843) 291-9895 / 291-9804 E-mail: tfb@tfb.ru Website: www.tfb.ru OAO AKB Spurt 2 Spartakovskaya St., Kazan, 420107 Tel.: +7 (843) 291-5000 Fax: +7 (843) 291-5015 E-mail: info@spurtbank.ru Website: www.spurtbank.ru OAO Joint-Stock Commercial Mortgage Bank AKIBANK 88a Prospekt Mira, Naberezhnye Chelny, 423818 Tel.: +7 (8552) 773-333 / 773-380 Fax: +7 (8552) 722-377 E-mail: office@akibank.ru Website: www.akibank.ru OAO AB Devon-Credit 77 Lenina St., Almetyevsk, 423450 Tel.: +7 (8553) 456-777 Fax: +7 (8553) 317-513 E-mail: devon@devoncredit.ru Website: www.devoncredit.ru OAO Sberbank of Russia 28 Peterburgskaya St., Kazan, 420107 Tel.: +7 (843) 519-2326 Website: www.sbrf.ru/tatarstan/ OAO Alfa-Bank 29B Nikolaya Yershova St., Kazan, 420045 Tel./fax: +7 (843) 291-1222 Website: www.alfabank.ru OAO Rosselkhozbank 80 Dostoevskogo St., Kazan, 420097 Tel./Fax: +7 (843) 524-9944 E-mail: rkazan@kazan.rshb.ru Website: www.rshb.ru ANKOR BANK (OAO) 47 Bratyev Kasimovykh St., Kazan, 420101 Tel.: +7 (843) 229-8111 E-mail: bank@ankorbank.ru Website: www.ankorbank.ru AKB BTA-Kazan (OAO) 58 Prospect Ibragimova, Kazan, 420066 Tel.: +7 (843) 525-7474 Website: www.bta-kazan.ru 40 | Guide to Investment | PwC
  • 41. AKB Energobank (OAO) 32 Sary Sadykovoi St., Kazan, 420021 Tel./Fax: +7 (843) 293-9393 Website: www.energobank.ru ZAO AIB Ipoteka-Invest 58 Vosstaniya St., Kazan, 420000 Tel.: +7 (843) 542-4637 Website: www.ip-bank.ru ZAO GKB Avtogradbank 43 Prospect Khasana Tufana, Naberezhnye Chelny, 423831 Tel./Fax: +7 (8552) 325-000 E-mail: agbank@avtogradbank.ru Website: www.avtogradbank.ru OAO Bank Kazansky 162 Dekabristov St., Kazan, 420039 Tel./Fax: +7 (843) 544-8522 E-mail: bk@bik.ru Website: www.bik.ru OAO IntekhBank 24 Chausse Marjani, Kazan, 420021 Tel.: +7 (843) 221-1700 Fax: +7 (843) 221-1701 E-mail: info@intechbank.ru Website: www.intechbank.ru OOO Kamsky Commercial Bank 21 Gidrostroitelei St. (P.O. Box 96), Naberezhnye Chelny, 423807 Tel.: +7 (8552) 704-918 Fax: +7 (8552) 704-842 E-mail: post@kamkombank.ru Website: www.kamkombank.ru OOO KBER Bank of Kazan 1 Soldatskaya St., Kazan, 420066 Tel.: +7 (843) 518-9898 Fax: +7 (843) 516-8880 E-mail: info@bankofkazan.ru Website: www.bankofkazan.ru GE Money Bank (ZAO GE Money Bank) 5 Karla Marxa St., Kazan, 420111 Tel.: +7 (800) 700-1010 Website: www.gemoney.ru Home Credit and Finance Bank (OOO Home Credit and Finance Bank) 1a Nikolaya Yershova St., Kazan, 420045 Tel.: +7 (843) 567-2222 Website: www.homecredit.ru Raiffeisen Bank (ZAO Raiffeisenbank) 35a Nikolaya Yershova St., Kazan, 420045 Tel.: +7 (843) 299-0909 +7 (800) 700-9100 Website: www.raiffeisen.ru Intesa Bank (ZAO Bank Intesa) 13 M. Chuikova St., Kazan, 420094 Tel.: +7 (843) 519-1250 (51) +7 (843) 519-7619 Website: www.bancaintesa.ru UniСredit Bank (ZAO UniCredit Bank) 11 Dzerzhinskogo St., Kazan, 420111 Tel.: +7 (843) 292-1501 Website: www.unicreditbank.ru Credit Europe Bank (ZAO Credit Europe Bank) 66 Baumana St., Kazan, 420111 Tel.: +7 (843) 292-1197 Website: www.crediteurope.ru Absolut Bank (KBC Group) (ZAO AKB Absolut Bank) 14 Ostrovskogo St., Kazan, 420111 Tel.: +7 (843) 533-3344 (45) E-mail: info@absolutbank.ru Website: www.absolutbank.ru PwC | Republic of Tatarstan  |  41
  • 42. Republic of Tatarstan Rustam Minnikhanov President of the Republic of Tatarstan Kremlin, Kazan, 420014 Tel.: +7 (843) 567-8901 Fax: +7 (843) 292-7088 Website: www.president.tatarstan.ru Ildar Khalikov Prime Minister of the Republic of Tatarstan 1 Svobody Sq., Kazan, 420060 Tel.: +7 (843) 264-7702 +7 (843) 292-8551 Fax: +7 (843) 264-3264 Website: www.prav.tatarstan.ru Linar Yakupov Chief Executive of Tatarstan Investment Development Agency 50 Peterburgskaya St., Kazan, 420107 Tel.: +7 (843) 570-4001 +7 (843) 570-4005 Website: www.tida.tatarstan.ru PwC Russia Moscow White Square Office Center 10 Butyrsky Val, Moscow, 125047 Tel.: +7 (495) 967-6000 Fax: +7 (495) 967-6001 Website: www.pwc.ru Kazan 35/2 Pravo-Bulachnaya St., Kazan, 420111 Tel.: +7 (843) 233-0707 Fax: +7 (843) 233-0717 Denis Derevyankin Director Head of the Kazan office of PwC Russia Tel.: +7 (843) 233-0711 E-mail: denis.derevyankin@ru.pwc.com Damir Daulyatshin Business Development Senior Specialist Tel.: +7 (843) 233-0707 E-mail: damir.daulyatshin@ru.pwc.com Contacts 42 | Guide to Investment | PwC
  • 44. © 2012 PwC. All rights reserved. Not for further distribution without the permission of PwC. “PwC” refers to the network of member firms of PricewaterhouseCoopers International Limited (PwCIL). Each member firm is a separate legal entity and does not act as agent of PwCIL or any other member firm. PwCIL does not provide any services to clients. PwCIL is not responsible or liable for the acts or omissions of any of its member firms nor can it control the execise of their professional judgment or bind them in any way. No member firm is responsible or liable for the acts or omissions of any other member firm nor can it control the exercise of another member firm’s professional judgment or bind another member firm or PwCIL in any way. www.pwc.ru