Kuban ranks among top 20 most developed industrial regions of RF

August 12, 2019 / Announcements and results of actions

Krasnodar region ranked 17th in the rating. Analytics Center under the Government of RF published a respective survey.

According to the document and following the results of 2018, the commodities worth 1.2 trillion rubles were shipped out in Kuban. The commodities worth 291.5 billion rubles out of which were shipped to industrial enterprises.

– Last year the industry demonstrated a growth of 4.2% and became the most successful sector of economy in Kuban. More than seven thousand industrial enterprises of the region with over eighty thousand employees contributed to attaining such a high index. The industry in the region is intensively developing, inter alia, owing to a system of public support measures. A set of measures is updated on a regular basis in accordance with relevant queries and new efficient instruments are established, commented Ivan Kulikov, Head of regional department of industrial policy.  

The Head of the Department also emphasized that development institutions are being established in the region. In particular, the Industrial Development Foundation (IDF)is operational now. Following the results of 2018, it ranked sixth out of 44 regional IDFs and became the first one in the Southern Federal District in the rating of Industrial Development Foundations of Russia. 

Press Service of the Administration of Krasnodar region