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MIL OSI Translation. Region: Russian Federation –

Source: Ministry of Economic Development (Russia) – An important disclaimer is located at the bottom of this article.

The Kaliningrad region continues to increase its own revenues and becomes more independent of federal support. This was announced by Russian Minister of Economic Development Maxim Reshetnikov at a meeting on the socio-economic development of the region chaired by the President of the Russian Federation.

“In general, over the next 3 years more than 72 billion rubles will be allocated for the implementation of the state program. The implementation of all projects in the economy and the launch of new ones will require personnel. Already, the demand for personnel is 5.5 times higher than the supply. Therefore, we have provided an additional 5.7 billion rubles, starting in 2026, for new events. Among them is the construction of a secondary vocational education campus. The educational campus will graduate a thousand specialists per year in 20 specialties that the region needs now and will need in the future,” noted Maxim Reshetnikov.

The long-term development of the region is connected with the solution of two key tasks, emphasized Maxim Reshetnikov. “The first is transport supply to the region independent of sanctions. Thanks to the mechanism for subsidizing maritime transport, Kaliningrad’s cargo turnover with Russian ports increased 1.5 times by 2022, to 3.7 million tons,” he said. On instructions from the head of state, the Ministry of Finance has reserved 1.8 billion rubles for this year for these purposes; there is an agreement on additional funding if the need arises, the minister added.

“The second strategic goal is to diversify the economy, reduce the region’s need for cargo transportation and rely more on the competencies of residents, technology, and the high added value of products,” continued Maxim Reshetnikov. – This is due to attracting investment. We help the region increase them through various government support mechanisms.”

Thus, within the framework of the special administrative region, the conditions for the relocation of foreign companies to Russia have been simplified. Last year on o. 150 residents from other countries moved to Oktyabrsky, which is 2 times more than a year earlier and 6 times more than in 2021. “Over the last 2 years alone, SAR residents have brought the region more than 30 billion rubles in investments and 11 billion in taxes,” the minister said.

In turn, residents of the SEZ operating in the Kaliningrad region have invested more than 200 billion rubles in a variety of sectors: from agriculture, automobile assembly, light industry to fishing, IT, tourism. In addition, more than 30 large investment projects worth 400 billion rubles are being implemented in the region.

“A separate promising point of growth is tourism. The Kaliningrad region actively uses state support mechanisms for its development,” noted the head of the Ministry of Economic Development. The state program for the socio-economic development of the Kaliningrad region included measures for bank protection and bank strengthening for the construction of an embankment in the city of Pionersky and the development of tourism infrastructure.

As part of the national project “Tourism and Hospitality Industry,” initiated by the President of the Russian Federation, 12 modular hotels with 230 rooms and two large hotels are being created. The third stage of selection under the preferential lending program is currently underway; two more applications for the creation of hotels have been received. Also, using infrastructure budget loans, utility networks are being built for three sanatorium-resort complexes with 1.3 thousand beds.

In conclusion, the minister noted that thanks to joint work with the regional team, the economy of the Kaliningrad region has survived and is developing confidently.

Note; This information is raw content directly from the source of the information. This is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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