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Annual average rate of 2007:
1 USD ($ USD) = 29.39 rub.
1 EUR (€) = 41,42 rub.
Currencies exchange rates (as of 11.06.2010):
1 USD ($ USD) = 31.5742 rub.
1 EUR (€) = 38.0217 rub.
15.01.2010
Inflation 0.7% Изм. 0%
Gold and currency reserves 441.4 bln. USD
Oil Brent (ICE) 71.62
USD/ barrel
GDP II квартал 2009 год 9 326,4 bln. Rub.
Exports 24,5 Изм 1,8 bln. USD
Imports 15.5 Изм. 1.6 bln. USD
Fixed asset
investments 01.07.09г. 621,7 Изм. -49.4 bln. Rub.
Consumer price index
(as of 01.8 / 31.08.2009) 100 Изм. 0%
- for food
commodities 99.1 Изм. - 1.5%
- for non-food
products 100.6 Изм. - 0.2%
- for paid services rendered to the population 100.4 Изм. - 0.4%
Forecast rates on
1 USD ($ USD) = rub.
1 EUR (€) = rub.
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Bashkortostan Republic
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Area, km2:
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143 600
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Time zone:
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GMT+5
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Administrative center (city):
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Ufa
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Population (inhabitants):
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4 051,86
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Share of urban population (%):
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59,7
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Gross regional product, 2005 (million rubles):
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505 717.3
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Gross regional product per capita, 2005 (rubles):
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124 646.9
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Fixed capital investment, 2006 (million rubles) :
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104108
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Foreign direct investment, 2006 (thousands USD):
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32230
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Much of Bashkortostan's economy depends on its oil processing industry, which is a left-over from Soviet times and has seen little investment since the collapse of the Soviet Union. Most of the industry, nominally privatized, has in fact been granted to the factions close to the president's family.
The Republic of Bashkortostan is one of the richest territories of Russia in mineral resources. There are some 3,000 mineral resources deposits here. Bashkortostan is rich in crude oil reserves, and was one of the principal centers of oil extraction in the Soviet Union. Other major resources are natural gas, coal, ferrous metal ores, manganese, chromite, iron ores, non-ferrous metals ores (lead, tungsten), non-metallic ores (rock crystal, phluorite, islandic spar, surphur pyrites, barite, silicates, silica, asbestos, talcum), deposits of precious and semi-precious stones and natural stones (malachite, jade, granite).
The republic has enough mineral resources to provide its power and fuel complex as well as petro-chemical, chemical, agro-industrial complex, ferrous and non-ferrous metallurgy, glass-making and ceramic branches with raw materials.
Bashkortostan is one of the major raw materials bases for Russia non-ferrous metallurgy. The republic has good deposits of lignite with high degree of bituminosity. This lignite can be used for obtaining a variety of different chemical products like mountain wax and resins, surface-active substances, gummy fertilizers, and other stimulants for plants growth. Mining-chemical raw materials (rock salt, lime, phosphorites, barytes, etc.) are quite substantial, and are utilized in the republic economy.
Bashkortostan is also rich in woods.
The Republic of Bashkortostan possesses high scientific and technical potential.
Bashkortostan is also rich in springs and sources of mineral, medicinal, and drinking water.
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Contact information
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Region's website
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Governor
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Pavel Kachkaev
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Investment projects of the region:
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Back to the list of regions
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