Oleg Korolev, “It shall be necessary to continue to increase the pace of economic growth"

The head of the region Oleg Korolev holds a meeting of the administration today in Dankov. The main theme is the results of the Lipetsk Oblast socio-economic development for 9 months. The main report has been made by the deputy head of the regional administration Andrei Kozoderov. He reported that the results of 9 months of this year indicate a positive dynamics of the socio-economic development of the region and are characterized by the following key indicators. The Industrial Production Index (IPI) - 102.9% (RF - 101.8%), agriculture - 109.2% (RF - 103.8%), investments (estimated) - 103%, housing - 112% (RF - 93.6%), the retail trade turnover - 101.1% (RF - 100.5%). The average monthly salary has increased by 7.3% (RF - by 6.8%), the population incomes - 100.7% (RF - 103.1%), the unemployment rate has amounted to 0.4% (RF - 1%). The Consumer Price Index - 101.7% (RF - 101.7%).

This year, the international rating agency Fitch Ratings upgraded the Lipetsk Oblast's long-term foreign and local currency rating from "BB" to "BB +" with a "Stable" outlook. The assigned credit ratings are supported by high liquidity indicators of the region and balanced management of finances and debt.

The region's industry demonstrates growth rates above the national average. The Industrial Production Index (IPI) amounted to 102.9%, (RF - 101.8%). Industrial products worth 479 billion rubles have been shipped; the growth to the corresponding period of the previous year was 107.3%. Until the end of the year, the volume of shipped products will be 650 billion rubles. with an increase of 107%.

Oleg Korolev said, "The region is developing dynamically today. However, this is not an excuse to stop there. We need to meet the challenges of the time and work out all the new mechanisms for increasing the rate of economic growth."

The head of the region Oleg Korolev holds a meeting of the administration today in Dankov. The main theme is the results of the Lipetsk Oblast socio-economic development for 9 months. The main report has been made by the deputy head of the regional administration Andrei Kozoderov. He reported that the results of 9 months of this year indicate a positive dynamics of the socio-economic development of the region and are characterized by the following key indicators. The Industrial Production Index (IPI) - 102.9% (RF - 101.8%), agriculture - 109.2% (RF - 103.8%), investments (estimated) - 103%, housing - 112% (RF - 93.6%), the retail trade turnover - 101.1% (RF - 100.5%). The average monthly salary has increased by 7.3% (RF - by 6.8%), the population incomes - 100.7% (RF - 103.1%), the unemployment rate has amounted to 0.4% (RF - 1%). The Consumer Price Index - 101.7% (RF - 101.7%).

This year, the international rating agency Fitch Ratings upgraded the Lipetsk Oblast's long-term foreign and local currency rating from "BB" to "BB +" with a "Stable" outlook. The assigned credit ratings are supported by high liquidity indicators of the region and balanced management of finances and debt.

The region's industry demonstrates growth rates above the national average. The Industrial Production Index (IPI) amounted to 102.9%, (RF - 101.8%). Industrial products worth 479 billion rubles have been shipped; the growth to the corresponding period of the previous year was 107.3%. Until the end of the year, the volume of shipped products will be 650 billion rubles. with an increase of 107%.

Oleg Korolev said, "The region is developing dynamically today. However, this is not an excuse to stop there. We need to meet the challenges of the time and work out all the new mechanisms for increasing the rate of economic growth."