UrBC, Magnitogorsk, March 3, 2020. President of Chelyabinsk Region Union of Industrialists & Entrepreneurs and Chair of the Board of Directors at Magnitogorsk Iron & Steel Works (MMK) Viktor Rashnikov chaired the union board meeting on Friday, February 28, MMK’s Information & PR Department reports.

MMK Abzakovo Ski Resort served as the venue for the event. Officials from Chelyabinsk Region Government’s economic bloc, Russian State Duma and Legislative Assembly deputies, a Federation Council senator, Chelyabinsk Region’s Business Rights Commissioner, local mayors, and members of local business communities all attended the meeting.

‘Viktor Rashnikov gave a talk on the Union’s performance in 2019. According to the President of Chelyabinsk Region Union of Industrialists & Entrepreneurs, a meeting with Governor of Chelyabinsk Region Alexei Teksler took place a few days earlier. The meeting was mostly dedicated to investments in Chelyabinsk Region’s economy and the higher-than-market-growth of local wages and salaries. According to Rashnikov, capital investments in Chelyabinsk Region were estimated at more than RUB 260 billion in 2019 and at RUB 1.132 trillion in the last five years. Most of the money came from the Union’s member companies. The constituency’s industrial production index rose by 2% last year against the year 2018. The IPI in the metallurgical sector rose by over 5%, that in the machine-building sector by 12%, and that in the fossil extraction sector by 4%,’ the company says.