Sunday, June 24, 2018

Socio-economic development in Sverdlovsk grows

The number of fixed assets invested in the Sverdlovsk region have increased in the past year.

From January to September, the number of investments in fixed assets rose to more than $4 billion, which is 5.2 percent greater than from January to June 2013. These growing industries include both informal assessment activities and small businesses in the region.

Even though this figure has increased in the Sverdlovsk region, it has decreased in Russia overall.

Sverdlovsk Investment News reported that the area's socio-economic development continues to grow as its number of businesses increases with the rising population. The population has increased by 2,184 people.

A number of industries grew rapidly from January to October with the largest growth occurring in mining, agriculture, and food, equipment and vehicle production. 

Sverlovsktata reported that construction of residential buildings in the area from January to October was 1.8 times greater than it was during the same period last year. Housing construction for the Sverdlovsk region also was greater than Russia’s national average.

Sverdlovsk’s leading businesses in terms of wages were in the rubber, plastic, pulp and paper industries.

Retail turnover for January to October exceeded $14 billion, but was below the retail turnover from the same period last year. 

Organizations in this Story

Sverdlovsk Investment News

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