Home page News
Experts confirmed the positive effect of industry investments on the develo…

Experts confirmed the positive effect of industry investments on the development of regions

Industry Expertise
March 22nd, 2022

FSA, together with the FSBI Financial Research Institute (FRI) of the Ministry of Finance of the Russian Federation – the lead Russian financial institute – presents preliminary results of a study of the effect of sectoral investments on the development of Russian coastal regions. Analysis of socio-economic indicators of the coastal regions of the Russian Federation for the period from 2017 to 2021 confirms the positive effect of investments on their development.

The growth of wages, taxes payment and fishing industry employment indicates an additional stability, which is provided in the regions by industry investors. This confirms the actuality and importance of continuing investment programs, including for the purposes of counteracting the negative external factors.

Inna Rykova
Head of the Center of Industrial Economics of FRI

According to the study, more than 210 billion rubles were attracted in the fisheries from January 2017 to September 2021. Tax and levies revenues for the treasuries at all levels by type of activity "fisheries" increased by 88% and amounted to 130.0 billion rubles for this period.

During the study period, a significant increase in socio-economic indicators has been achieved in the coastal regions where investment projects are being implemented: the Kamchatka and Primorsky Territories, the Sakhalin and Murmansk Regions, the Republic of Karelia. Thus, according to preliminary results, in the field of fish processing, the volume of sales increased by 106% (up to 78.2 billion rubles), the number of employees increased by 38% (up to 13,177), the total payroll increased by 8% (up to 14.9 billion rubles). In the field of marine fisheries, the volume of sales increased by 71.7% (up to 284.6 billion rubles), the number of employees increased by 12.4% (up to 24,933), the total payroll increased by 50.3% (up to 43.1 billion rubles).

FSA also notes that sectoral investments are the most important part determining the development of "fish" regions. In the current settings, it is more important than ever to continue programs that provide the necessary conditions for long-term development, national economic security and independence from other countries.

Currently, FSA analysts are also conducting an assessment of the indicators of the development of civil shipbuilding in the regions where ships are built under the investment quota program – St. Petersburg, Kaliningrad and Nizhny Novgorod Regions, the Republic of Karelia, Primorsky and Khabarovsk Territories.

The results of the study will be published in July 2022, after data validation for the full year 2021.

Stay up to date
Subscribe to Newsletter
Submit your E-mail, you agreed to
Privacy Policy
Back to News