Kabardino-Balkaria will receive over 30 billion rubles for development of industry by 2016, RIA Dagestan reports.
Industrial development includes engineering, metal processing, metallurgy, the medical, light and wood-processing industries and modernization. About 31.9 billion rubles will be spent. Over 1.4 billion rubles will be provided by the federal budget, 156 million from the republic's budget and over 30.2 billion rubles as non-budgetary funds.
Realization of the program will allow the republic to produce goods worth 59.1 billion rubles in 2016. About 5,000 jobs will be created, the average wage will increase 250% compared with 2010, to over 21,000 rubles. Output of innovative products in the republic is to increase by 70-80%.
