Sverdlovsk Investment News recently reported that the Sverdlovsk region has gained more investments thanks to expanding resources.
Alexei Orlov, first deputy prime minister of investment and development of the Sverdlovsk region, recently reported that between January and September 2014, the area’s investments reached just under $4 billion. This increase is 14.2 percent more than investments in the region made between January and September 2013.
During a meeting with Governor Eugene Kuyvashev, Orlov said financial experts estimate that December will bring nearly $7 billion in investments into the Sverdlovsk region. This will make up 22.7 percent of the region’s gross product.
Officials attribute the growing investments to several resources that make the region more stable, including: infrastructure, land, workforce, administrative services and processes, and financial.
By 2020, government plans call for the Sverdlovsk region to create approximately 700,000 new jobs for local residents. So far, 115,000 of those jobs have been created.
These developments advance Sverdlovsk toward the economic goals recently outlined by President Vladimir Putin.