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The Republic stands out among the majority of the Russian Federation<br />

subjects for its diversified and comprehensively developed economy, its powerful<br />

manufacturing potential, advanced agribusiness and construction industry,<br />

plentiful natural resources, vibrantly developing financial and credit sphere,<br />

scientific and technological capacity. Bashkortostan makes a tangible contribution<br />

to the nation's economic development and has invariably been among the few<br />

regions that are net donors to the budget system of the Russian Federation.<br />

Based on its performance in 2008, the Republic of Bashkortostan ranked<br />

prominently among the subjects of the Russian Federation:<br />

2nd in terms of the shipped goods that were produced in the Republic, works<br />

performed and services rendered using its own resources in manufacturing and<br />

distribution of electric power, gas and water;<br />

4th in terms of agricultural produce;<br />

5th in terms of commissioning residential buildings;<br />

6th in terms of paid services rendered to public;<br />

7th in terms of retail trade turnover;<br />

8th in terms of investments into fixed capital;<br />

9th in terms of the scope of works performed in the «Construction» sphere<br />

of activities, in terms of the shipped goods that were produced in the Republic,<br />

works performed and services rendered using its own resources in extracting<br />

mineral resources;<br />

10th in terms of the amount of taxes and charges paid to the Russian<br />

Federation budget, in terms of the shipped goods that were produced in the<br />

Republic, works performed and services rendered using its own resources in<br />

processing industries.<br />

The social and economic development of the Republic of Bashkortostan is<br />

characterized by a stable positive growth which testifies to its steady systemic<br />

development.

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