Ulyanovsk Region: Commercial Production Increases by 11.3% in the First Quarter of 2022

Governor Alexey Russkikh listened to the report at a meeting of the working group on industry and entrepreneurship development.

He commented, “Currently, Ulyanovsk enterprises are adjusting their manufacturing, logistics and management processes to new realities. Organizations and production sites that were the first to bear the brunt of anti-Russian policy are returning to work. Even though a number of foreign companies have left the region, the situation in the Ulyanovsk region's real economy is under control. The industrial production index of the region still exceeds the nationwide indicators.”

According to the Ministry of Economic Development and Industry of Ulyanovsk Region, in the first quarter of 2022nthe industrial production index reached 111.3% compared to January-March 2021, which is higher than the relevant average indicator in Russia (105.9%). In terms of industrial growth, the Ulyanovsk region takes the fourth place in the Volga Federal District.

Automotive and instrument manufacturing facilities have significantly increased their output. Aviastar, the branch of Il PJSC, increased its overall production by 2.5 times compared to 2021, and AeroComposit-Ulyanovsk JSC doubled the number of items made.

The growing enterprises are looking for new employees and increasing the salaries. The average wages at large enterprises made 40.4 thousand rubles in January-February 2022, which is by 11.5% higher than last year.

A number of anti-crisis measures were taken at the regional level as part of the special plan to address the existing production problems and to mitigate risks during restructuring of the economy in the second and third quarters of 2022.

“The most popular are financial support tools for business. We approved ten applications worth 8.9 million rubles to subsidize leasing fees, and 13 more are under consideration. The application period has been extended to early June,” said Nikolai Zontov, Minister of Economic Development and Industry of Ulyanovsk Region.

The Fund for Industry and Entrepreneurship Financing supported six industrial enterprises and provided 71.3 million rubles; eight more applications are under consideration. In total, more than 104 million rubles were allocated for these purposes.

In the near future, 127.8 million rubles will be used to increase the Fund's authorized capital (85.4 million rubles of federal assets and 42.4 million rubles of regional ones).

Participants of the meeting named construction of new supply chains and import substitution as one of the most important areas of economic support in the current conditions. This work is carried out by the Subcontracting Center.