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Forecast of Social and Economic Development of Kaluga Region

On August 12, Governor Anatoly Artamonov chaired an extended meeting of the regional government.

The ministers approved the forecast of social and economic development of Kaluga Region for 2015 and for the 2016-2017 planning period.

The forecast was based on assessments made by regional ministries with consideration of the overall development of the Russian economy, the geopolitical situation, external conditions and risks. Speaking at the meeting, Vladimir Popov, the regional Minister of Economic Development, said that “the industrial line of economic development was gradually transforming into an innovative-industrial one”. The greatest potential for industrial development is associated with growth of investments in fixed assets and exploration of new market directions.

According to expert forecasts, by 2017, development of, primarily, manufacturing will increase the volume of the region’s gross regional product to RUR 591.8 billion.

The region will continue to attract investors – primarily to vacant lots in its industrial parks and Lyudinovo special economic zone, as well as for participation in the reconstruction of airport complexes Kaluga and Yermolino and the creation of a multimodal transport and logistics terminal in Borovsk District.

In 2014, the volume of shipped industrial products will be around RUR 525 billion. In 2017, it is estimated to reach RUR 661 billion. New companies will be the main growth points in the forecast period: cement plants Lafarge Cement ОАО and Kaluga Cement Plant OOO, metallurgical plant NLMK Kaluga ООО and Continental Kaluga OOO tire plant. High growth dynamics are expected in chemical production: Astra Zeneca Industries OOO, Berlin Pharma ZAO, Nearmedic Pharma ООО, Sphera Pharm OOO.

The volume of agricultural output in 2014 is estimated at RUR 28.7 billion. Most investment projects are associated with dairy cattle breeding.  Agriculture is undergoing a process of technological modernization. In the next two years, the region expects to implement the One Hundred Robotized Farms Project by providing support to private investors in robotized farming. So far farms have installed 33 robotized units, and another 25 will begin operation this year. This will contribute to the increase of regional milk production by 25%. Special attention will be given to small agricultural businesses. In the next three years, 88 farms will implement high-tech projects under departmental special-purpose programs. The region plans to raise at least 800 million in private investments in agriculture on an annual basis.  

By 2017, the turnover of small businesses will reach RUR 242.3 billion, or 1.4 times more than in 2013.

By 2017, the region will be commissioning over 700,000 sq.m of housing per year.

The main objective of the region’s economic transformations is to improve the quality of life and social security of its residents.

Having positively assessed the forecast of the region’s social and economic development for the next years overall, Anatoly Artamonov emphasized the need for more active support of small businesses. The governor believes that “its potential should not be underestimated”.

The governor also emphasized the importance of facilitating the rate of agricultural development. He identified the industry’s priorities, including development of beef and dairy farming that, apart from solving food issues, will require development of unused agricultural land, and the restoration of the region’s orchards.

Other relevant issues were discussed at the meeting as well.

Members of the regional government approved the adjustments in the state program Economic Development of Kaluga Region associated with subsidizing of automotive manufacturer costs and the development of industrial housing and general aviation.

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