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Direct Foreign Investment in Sverdlovsk Region Doubles in 2012

March 7, 2013. In 2012, the amount of foreign investment rocketed in Sverdlovsk Region, while direct foreign investment actually doubled from $88.5m in 2011 to $192.9m in 2012, Sverdlovsk Region Government’s Press Service & Information Department reports.

Sverdlovsk Region First Deputy Economics Minister Anatoly Ogloblin also said in his report on the region’s socioeconomic development program for 2012 that Sverdlovsk Region got a much better position in the rating of Russian Federation constituencies than a year earlier.

For one, the region rose from the 51st position in 2011 to the 16th position last year in terms of its industrial production index. In terms of industrial goods shipped to consumers, the region was upgraded from the 6th to the 5th position. In fact, Sverdlovsk Region’s industrial production index is higher than the country’s average.

The machine-building industry enjoyed the greatest production output growth in 2012; last year, the local machine-building enterprises increased their metallurgical machinery output by over 2 times against 2011.
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