Rate of per capita income growth in North Ossetia is one of highest among Russian regions

Rate of per capita income growth in North Ossetia is one of highest among Russian regions.The Ministry for Regional Development has published a report on the
situation in the economy, the financial banking and social spheres in
the Russian Federation in January-September 2010. The republic of
North Ossetia-Alania is one of the leading Russian regions in terms of
per capita income growth.

A growth in lending to businesses and individuals and in the average
monthly wage for workers has been observed since the beginning of this
year. The report marks a decline in the registered unemployment rate
and a slight reduction in wage arrears. According to the report, the
situation in the real economy of North Ossetia-Alania is higher than
the national level. North Ossetia comes second in Russian per capita
real income growth after the Krasnodar region and registers 123.6%
growth.