Sverdlovsk Region not too appealing to investors, Ministry says

The Russian Federation Ministry for Regional Development came up with the results of its monthly report on the socioeconomic and finance & banking situation in Russia’s federal constituencies in January-April 2010. The data used were valid as of May 28, 2010.

In terms of socioeconomic development, Sverdlovsk Region exceeded the average levels for the country on the whole. Still, the region did not make it to the list of seven Russian territories where things were considerably better than the average levels for the country on the whole, whereas its two neighbors in Ural Federal District – Tyumen Region and Khanty-Mansiyskiy Autonomous Region – actually did.

As for Sverdlovsk Region’s real economy sector, it also does better than average, with the volume of loans offered to Sverdlovsk Region-based businesses and legal entities rising by 95% to 100% between January 1, 2010 and April 1, 2010.

Nevertheless, the data provided by the Ministry make it clear that Sverdlovsk Region is less attractive for investors than other regions are, on average.

However, the regional budget system’s consolidated index value is better than Russia’s average; the same holds true for thirty-three federal constituencies.


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