Ministry for Economic Development expects economic boost in North Caucasus

Ministry for Economic Development expects economic boost in North Caucasus

The Russian Ministry for Economic Development expects the gross regional product (GRP) of the North Caucasian Federal District (NCFD) to increase by 11.3% in 2013 and by 2.8.2% in 2015, compared with 2011. Investments should grow 1.5-fold. Shares of the Ural and Southern Federal Districts are expected to shop, Prime reports.

Over 50% of total GRP of all regions should remain unchanged in mid-term prospects. The Samara Region will move the Yamalo-Nenetsky Autonomous District from the 10th position to the 11th in 2013-2015.

Moscow will keep sharing 22% of the total GRP, taking the first position. The Moscow Region and Saint-Petersburg will take the second and third respectively. Bashkortostan, Tatarstan, Krasnodar and Krasnoyarsk Territory, Sverdlovsk Region, Khanty-Mansiysk Autonomous District will remain the top 10 regions in 2013-2015.

The Central and Privolzhsky Federal Districts will make their biggest contribution to the GRP.

Unemployment will increase from 5.4% to 5.9%. The unemployment level has remained at 5.4% in July for the third month in a row.

Employable population will drop from 69.5 million people in 2012 to 68.6 million in 2015. Labour output will have to increase by 17.5%.

The highest reduction of unemployment is in the NCFD, dropping from 6.9% in 2011 to 5.7% in 2015. Reduction will be registered in Dagestan, Ingushetia, Komi, Kalmykia, Chechnya, Khabarovsk Territory, Murmansk, Sverdlovsk, Smolensk, Chelyabinsk and Tomsk Regions. Saint-Petersburg is expected to have an unemployment of only 0.5%.

0.9-0.8% unemployment is expected in the Kaluga, 0.6% in Leningrad, 0.7% in Lipetsk, 0.6-0.7% in Moscow, 0.8-0.9% in Nizhegorodskaya, 0.6-.07% in Tyumen and 0.9-1% in Sakhalin Regions, 0.8% in Khanty-Mansiysk and 0.6-0.7% in Moscow.

Unemployment in the Krasnodar Territory, Orenburg and Ulyanovsk Regions will stay at 1%.

Unemployment will increase from 1.7% in 2011 to 1.8% in 2015 in the Archangelsk Region, from 1.4% to 1.5% in Tatarstan, from 1.4% to 2% in Buryatia, from 1.2% to 1.5% in Chuvashia, from 2% to 2.1% in Magadan Region.

The highest increase of unemployment is expected in Ingushetia, Tyva, Kalmykia, North Ossetia, Chechnya, Amur Region, Altay and Trans-Baikal Territories, Chukotsky Autonomous District.

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