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Krasnodar Economy Surges 24% to 5.5 Trillion Rubles

The region's economy is booming, with a 24% surge in growth. Find out how Krasnodar is driving progress through innovation and investment.

It is an image of a well developed city, there are plenty of houses, buildings and tall towers,...
It is an image of a well developed city, there are plenty of houses, buildings and tall towers, there are very less trees in the city and in the background there is a sky.

Krasnodar Economy Surges 24% to 5.5 Trillion Rubles

The Krasnodar Territory's economy has shown significant growth, with the gross regional product surging by almost 24% to reach a nominal volume of 5.5 trillion rubles. This impressive figure was presented at a recent zoom meeting chaired by Yuri Burlačko, the Chairman of the Legislative Assembly, where the intermediate results of the socio-economic development strategy until 2030 were discussed.

The acting Minister of Economy, Alexei Yurtayev, presented the strategy's outcomes at the zoom meeting held in the ZSK (Zasedanie Selskogo Khoro) of Kuban. The discussion focused on various aspects, including the introduction of innovations, the development of agriculture, and the attraction of investments to the regions. Since 2018, six basic sectors of the economy, such as construction and retail trade, have recorded growth.

Yuri Burlačko noted the regions' potential, stating that it has all the resources to overcome existing challenges. He also emphasized the importance of strengthening the interaction between the parliament's committees and the executive authorities. Deputies had the opportunity to ask questions about the measures of responsibility for not meeting the strategy's indicators.

The Krasnodar Territory's economy has demonstrated robust growth, with state support currently amounting to 48 billion rubles across 210 directions. The regions' leaders are committed to driving progress through innovation, agricultural development, and investment attraction. While the exact adoption date of the silence laws in the ZSK of Kuban is not specified, the regions' resources and strategic planning indicate a promising future.

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