Wednesday, August 23, 2017

Sverdlovsk Governor Kuyvashev speaks on regional economic development

On Tuesday, Sverdlovsk Governor Yevgeny Kuyvashev spoke about a number of regional development goals and programs, including the Russian Arms Expo currently being held in the region as part of President Putin's larger regional and national economic development program.

"[The] Arms Expo boosts sales, helps attract additional investments and promotes cooperation both inside Russia and with foreign exhibitions and partners," Kuyvashev said, according to Voice of Russia. "We are implementing the May decrees of our president. The task was set to create 25 million new jobs."

Kuyvashev said the Sverdlovsk region's contribution is 700,000 jobs, but he said the region has yet to modernize 300,000 jobs and create 400,000.

Regarding the Titanium Valley special economic zone-- another regional project aimed at enhancing the local economy-- Kuyvashev indicated the project was progressing.

"The first residents have already been registered, and we are expecting confirmation in November from yet another important resident--Boeing Manufacturing," Kuyvashev said, Voice of Russia reports. "By now, we have four registered residents with seven more applications to be examined by the Supervisory Board by year's end."