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Officially: positive dynamics in all sectors of the economy in Crimea

Officially: positive dynamics in all sectors of the economy in Crimea

CrimeaPRESS reports:

In the first quarter of 2023, thanks to government support measures, positive dynamics are observed in all sectors of the economy. This was announced by Deputy Chairman of the Council of Ministers of the Republic of Crimea — Minister of Finance of the Republic of Crimea Irina Kiviko following a meeting of the Board of the Republican Ministry of Economic Development.

The implementation of state support measures, both for backbone enterprises and industries, and for small businesses, ensures the sustainable development of the Republic of Crimea in today’s difficult conditions. According to the results of the first half of 2023, positive dynamics are observed in almost all sectors of the economy— the press service of the Government of Sevastopol quotes Irina Kiviko.

In particular, the turnover of organizations of all enterprises increased by 7.2% and exceeded 455 billion rubles. Tax and non-tax revenues to the budget increased by 2.5% to 41 billion rubles.

Financial support for entrepreneurs contributed to the increase in business activity. The volume of lending to business entities in the 1st half of the year increased by almost 35% (34.7%) and amounted to 96.7 billion rubles.

According to Irina Kiviko, despite the prevailing negative external factors, the investment attractiveness of the republic remains.

According to preliminary data, the volume of investments in the first half of the year increased by 3.3% and amounted to 92.3 billion rubles, including excluding federal funds — 59.7 billion rubles, which in comparable prices corresponds to the level of last year.

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According to her, an important task of the economic bloc of the government is to ensure the growth of investment activity of economic entities, accelerating the pace of socio-economic development.

To date, 1,155 FEZ participants have been registered on the territory of the Republic of Crimea, which are implementing 1,239 investment projects. The minimum declared volume of investments for these projects is more than 132.5 billion rubles of capital investments.

Since the beginning of 2023, 57 contracts have been concluded with a capital investment of 21.9 billion rubles, under which it is planned to create almost 1,800 jobs.

There is a recovery in consumer demand. Retail trade turnover for six months showed an increase of 0.1%.

Positive dynamics is recorded in the labor market. The unemployment rate has averaged 3.9% over the past three months, which is 1.4 times lower than a year ago.

According to the press service of the Ministry of Economic Development of the Republic of Crimea

News of the Crimea | CrimeaPRESS

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