Economic news digest – 2nd of April – 6th of April 2018

Main 

The Deputy Governor Valentina Artamonova has introduced main goals of fiscal politics to the financers. During the expanded board of Russian Ministry of Finance three main directions were identified: improvement of budget system revenue administration and business environment, setting as priority budget expenditures, and improvement of inter-budgetary relations. 

Investments 

Nano-technological production of antiseptic face and body tonic starts in Vologda. Product variety is also expanded by hygienic means for animals. 

In Vologda region works continues on the implementation of a major investment project in the field of aquaculture  plant for salmon production. Construction works are to be finished in 2020.  

In Cherepovets during the solemn event dedicated to results of Presidential Elections the Vologda region Governor Oleg Kuvshinnikov has reported on large investments coming up. Estimated investments for Cherepovets development are 3.7 bln rubles.  

Other 

Former Mayor of Cherepovets Yuri Kuzin is appointed as a deputy director of JSC “Apatit” (a “FosAgro” holding company)  

Following the results of 2017, three specialists of region’s industrial enterprises won the XVIII All-Russian "Engineer of the Year" contest. Another four contestants along with the winners successfully passed the first tour. 

Effectiveness of granting tax preferences within the regional agriculture was discussed during the round table at Legislative Assembly of the Vologda Region. 

In State Duma, an important bill passed in the first reading. The bill implies obliging the business to restore cut down, dead or damaged forests - regardless the method and purpose of obtaining the forest plot. 

constitutent meeting of Vologda Regional Branch of Russian Machine Builders Union (SouzMashwas held in Vologda. A new structure is to consolidate the machine-constructing community of the region. 

The issues of competition development in regions were highlighted during the first meeting of Governmental Assembly of Russian Federation after the Presidential Elections. Vologda region will continue developing the projects that concern stimulation of fair competition. 

Ratings 

The Vologda region was ranked among the Russian regions with high stability, scoring an honorable 7.5 points. The “Petersburg Policy” Foundation prepared a March 2018 rating of subjects of the Russian Federation 

Vologda region was ranked 8th in TOP-10 Tourist regions of Russia. According to Analytics Agency TurStat, in 2017 Vologda region was visited by 2.85 mln tourists.  

Events 

On April 6th – 7th the Ninth Interregional IT-Forum will be held in Vologda. This time it will consist of business and festival parts.  

Producers of dairy and vegetable products, confectionery, light industry enterprises have a chance to take part in the "Feast on the Volga." A large tourist event will be held on August 18 in Yaroslavl. 

On 6th – 7th of December 2018 North-Western Economic Forum will take part in LenexpoSt.Petersburg  

 

Vologda Region Development Corporation (OJSC)
Gertsen st.27, Vologda, Russia,
Phone: +7 (8172) 56-12-52, 56-21-03, 56-21-04

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