"TAIF" Entered Five Budget Forming Enterprises of Tatarstan

The group of the companies “TAIF” plans to increase volumes of the activity 3-4 times until 2010 and already today has entered five budget structures of the republic. The Prime Minister of Tatarstan Rustam Minnikhanov informed the journalists about the results of "TAIF"'s annual meeting of shareholders.

At recent Security Council session under presidency of RT President Mintimer Shaimiev the petrochemical projects of the company demanding milliard investments have been approved. These plans have a great value for the republic and will be supported therefore by the state, Prime-Minister said. He marked the efficiency of new approaches introduced by "TAIF" in corporate management resulting in noticeable rise of profitability.

The group of the companies "TAIF" in 2004 as a whole received proceeds 20,4 billion roubles. The net profit made 15,8 billion. 3,6 billion roubles were channeled for capital investments Amount of paid taxes - 2,9 billion.