The volume of investments in the Penza region grew in nine months by a quarter

© RIA Novosti / Grigory to Sysoeva in photobanks. Archival photoThe volume of investments in the Penza region grew in nine months by a quarter© RIA Novosti / Grigory to Sysoeva the image Bank

The volume of investments in fixed capital in Penza region in January-September this year increased compared to the same period last year by 27.5% and exceeded 50 billion rubles, said the Governor of the region Ivan Belozertsev.

«One of the region’s economic performance is investment activity. During the nine months 2018, the tendency to growth of investments in fixed capital. In comparison with the previous period the volume of investments in fixed capital increased by 27.5%, they amounted to more than 50 billion rubles», — quotes Belozertseva his press service.
«This has a positive effect on the socio-economic situation. We repair roads and pavements, not only in the regional center, but in the other cities and districts of the region, on the territory of rural settlements. Next year is four to five times to increase funding for the reconstruction of roads in the municipalities», — said the head of the region.

He noted that such large agro-industrial holdings like «Russian dairy company» («Rusmolco», a joint venture with Singapore’s Olam) and «Cherkizovo» in the region to implement new investment projects.

Belozertsev at the ceremony of awarding with state awards of the Russian Federation on Thursday said that the Penza region remains in the position of maintaining economic stability, despite the difficulties of the last three years related to the economic sanctions.

«The index of industrial production for 9 months of current year has made 102,7%. According to this indicator, the Penza region is ranked in 39th place out of 85 subjects of the Russian Federation», — he noted.

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