In the first nine months of 2016 about 54 billion rubles worth of investments were attracted into the Ulyanovsk region economy

The Scientific-Research Institute of Regional Economy summed up the results of social and economic development of the region in January-September. During the period under review, growth of key indicators has been noticed. This shows sustainable development of the Ulyanovsk region.

 "We demonstrate rather good results on essential indexes of social and economic development, which have significantly improved since the beginning of the year. It is very important for us because we use this data when forming the budget and the state policy related to implementation of our large investment projects and reforms. In the first nine months of 2016, the region shows the best result in the Volga Federal District on mining with the index of 109%. The Saratov region takes the second place (107.9%), as well as the Kirov region (107%). The region also keeps the leading positions in the Volga Federal District on growth of cattle surpassing other territorial entities of the Russian Federation", - the Governor of the Ulyanovsk region Sergey Morozov noted. 

According to the Deputy Prime Minister of the Ulyanovsk region Oleg Asmus, according to forecasts for the next 12 months, the region has every chance to enter the list of territorial entities of the Russian Federation in which the index of industrial production shows positive dynamics and did not fall below 100% over the last ten years. The main sources of its growth is the fuel and energy industry, as well as the mining and processing one. The region maintains all these indicators at high level. In addition, in the current year we have also seen an increase in the production of machines and equipment (126.2%), rubber and plastic goods (145.7%), as well as in sphere of food industry (136.8%).

According to the experts of the relevant agency, in the first nine months of 2016, the region shows growth of the index of production in agriculture, which reached 106.9%. Crop farming constitutes the main part of the index. During the reporting period, 962.1 thousand tons of grains were grinded (142.7% compared to the last year results). The index of production of animal industries in facilities of all categories show a positive trend.  Compared with the previous year, production of meat, milk and eggs has increased by 9.5%, 1.7% and 4.5%, respectively.

Moreover, there was 100% investment growth in the Ulyanovsk region over January-September. Last year the total investment for the corresponding period made 51.8 billion rubles.

We can also see good performance in the labor market. The Ulyanovsk region and the Nizhny Novgorod region are the leaders on the level of registered unemployment with the index of 0.52%. It is much lower than on the average across the Russian Federation. Earlier this year, in the region this indicator was 0.64%. There was also an overall reduction in the level of general unemployment (as calculated by ILO methodology) by 4.3%. As of 1 October, in the territory of the region 17957 workplaces have been created of which 2724 are provided by organizations that are implementing investment projects.

Over the last nine months, there is a positive trend in the following productions: oil - 102.6%, meat - 105%, vegetable oils and fats - 172.8%, drinks - 184.9%,   textiles - 103.4%, and machines - 144.9%.