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УThe Krasnodar Krai economy continues its growth strategy,Ф says Alexey Yurtaev

The Minister of Economy of the Krasnodar Krai talked about the preliminary forecast for the social and economic development of the region at the business forum «Southern strategy: sustainability or growth?».

«The market of the Krasnodar Krai is growing. According to the analysis of the state of business, we are expecting 2 trillion roubles of investments over the next three years. And anti-crisis measures are really important for that. Kuban entrepreneurs have received unprecedented support. We are talking about 90 regional measures amounting to more than 7 billion roubles and 70 billion roubles of working capital. A stimulating policy to support the initiatives of entrepreneurs, implement infrastructure projects and attract investments will remain a priority,» said Alexey Yurtaev.

According to a medium-term forecast, the gross regional product of Kuban will come to the growth path of 4% by 2025, which is about 1.3 – 1.5 trillion roubles in nominal terms.

Even in 2022, despite the unprecedented sanctions, the gross regional product is expected to have near-zero dynamics while in Russia on the whole it is expected to be minus 2.9%.

The annual business forum «Southern strategy: sustainability or growth?» is a traditional platform where the issues of the strategic development of the region are discussed with authorities and business leaders that work in the south of Russia. This year about 500 people participated online and offline in the forum organized by the analytical center «Expert South».