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Kaluga Region Economic Development Forecast

On August 6, 2013 Nikolay Lyubimov, Deputy Governor of Kaluga Region and the Head of Governor’s Administration,  held the meeting of Kaluga Region Government. 

Kaluga Region Government officials noted that the region’s economy development mid-term forecast was reasonably optimistic and was based on assumptions of further growth. It is expected that the gross regional product in 2013 (year on year) is to grow by 8.9 per cent, in 2014-2016 it may reach 7.6; 6.8 and 5.5 correspondingly. Fixed capital investments in 2013 are to grow by  RUR23.2 billion (17.4% growth as compared to 2012). In medium term fixed capital investments are to be ensured by investment projects and agreements implementation.  It is expected that investments in production facilities’ expansion projects,  infrastructure and R&D projects are to grow. According to forecasts, the industrial output in 2013 is to grow by 7% as compared to the previous year.  In mid-term Kaluga Region industry is to develop further.

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