Sverdlovsk Region GDP to Increase 20-25% in 2012
5 September 2012 (10:07)
Sverdlovsk Region’s gross domestic product is expected to rise by 20% to 25%, was Vice Premier of the regional government Alexander Petrov’s forecast at today’s briefing.
‘The industrial growth reached 12% in the eight months of 2012. The optical and the ferrous metallurgical industries are doing quite well. In 2012, the GDP will grow by 20-25%,’ Petrov said.
Meanwhile, the Vice Premier pointed out that prices went down in the metallurgical industry in the eight months of the year: this is true, for example, of nickel and aluminum prices.
‘Russia joining the WTO will be a lot of help to the metallurgical businesses, as some of the bans will be lifted,’ Petrov noted.
According to the official, the recession forces the companies to invest in upgrades and energy-saving.
‘Sverdlovsk Region Government’s current challenge is upgrading the non-ferrous metallurgy sector. We have no other way ouy,’ Petrov added.
‘The industrial growth reached 12% in the eight months of 2012. The optical and the ferrous metallurgical industries are doing quite well. In 2012, the GDP will grow by 20-25%,’ Petrov said.
Meanwhile, the Vice Premier pointed out that prices went down in the metallurgical industry in the eight months of the year: this is true, for example, of nickel and aluminum prices.
‘Russia joining the WTO will be a lot of help to the metallurgical businesses, as some of the bans will be lifted,’ Petrov noted.
According to the official, the recession forces the companies to invest in upgrades and energy-saving.
‘Sverdlovsk Region Government’s current challenge is upgrading the non-ferrous metallurgy sector. We have no other way ouy,’ Petrov added.
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