The far northern Nenets Autonomous Okrug in 2009 had the biggest industrial growth in Russia. At the same time, the region suffered from a big drop in investments, budget revenues as well as in regional salaries, the 2009 Barents Monitoring report reads.
The positive signals which appeared to be the first signs of a crisis recovery vanished, and the economy of Murmansk Oblast in the third quarter of the year experienced a new wave of stagnation and negative growth, the latest Barents Monitoring report reads.
Production figures, investments and budget revenues continue to decline in Arkhangelsk Oblast. One of the few positive trends in the region is the development of the agricultural sector, the latest Barents Monitoring reports reads.
Industrial production in the far northern Nenets Autonomous Okrug increased 38,5 percent year-on-year in the first six months of 2009, the latest Barents Monitoring report confirms. That, however, is all thanks to Lukoil’s new Yuzhno-Khilchuyu oil field.
Despite growth in industrial output, the economy of Arkhangelsk Oblast the first six months of 2009 experienced continued crisis. A strained budget situation threatens to create an unstable social situation in parts of the region.
Industrial production, investments and international trade is still considerably below 2008 levels, but the economy in Murmansk Oblast is still in the process of recovery, the Barents Monitoring Q2 report for Murmansk reads.
The economy of Murmansk Oblast is strongly affected by decline. Still, the downturn is less than in other Russian regions, and the economy shows signs of revival, the latest Barents Monitoring report concludes.
The regional construction industry grew 13 percent year on year the first quarter of 2009, while investments in the main capital had a growth of as much as 81%. Meanwhile, production dropped 6,4 percent, the first quarter Barents Monitoring report for the Komi Republic reads.
Industrial production was up 35 percent while the construction industry was down 91 percent. First quarter economic results from the Nenets Autonomous Okrug show both strong growth and financial crisis, the latest Barents Monitoring report .
The first quarterly 2009 monitoring report from Arkhangelsk Oblast shows a significant drop within most parts of regional economy, except within the mining industry. Investments are down three times compared with 2008 figures. Electric power generation is at a five-year low.
The monitoring report from the Komi Republic with trends and figures for all of 2008 shows a three percent industrial production growth. In the last quarter of the year, the regional economy was however strongly affected by the starting crisis.
