Add to favorite
 
123
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS


Ministry of Economic Development: Industrial Production Is Falling
September 5, 2015 11:06


(Source: http://dzerjinsk.ru/news/?page=311)

Industrial production in Russia fell by 4.7 percent in July, as compared to the same month of last year.

At the same time, it increased to 2.3 percent, as compared to June 2015. The corresponding information is contained in the report of the Ministry of Economic Development. Due to the worsening expectations of the companies’ investment activity and the recovery of demand, the agency revised its forecast concerning the industrial production at the year end. The Economic Development Ministry believes that it will drop by 3 percent in 2015 (2.5 percent, according to the previous forecast).

According to the data of the Ministry, the production in mining operations is also growing (by 0.2 percent), as well as in production of electricity, gas and water (0.2 percent as well) and in the processing industries (by 0.1 percent). On August 28 the Ministry of Economic Development published the report showing that Russia’s GDP fell by 3.6 percent in January-July, as compared to the same period of last year.

Earlier, on April 21, the Prime Minister Dmitry Medvedev said that Russia had virtually no industry untouched by the sanctions. He also noted that the effects of international restrictions would be easier if the economy “had not accumulated a number of internal problems we had no time to solve”. Then Medvedev said that the measures of state support could smooth the decline in industrial production.


Sources: http://lenta.ru 


Author: Anna Dorozhkina

Tags: Industrial production     

Next Previous

You might also find interesting:

May 1 Demos Videos Further Budget Reduction Is Possible DPR Announced the Completion Of Withdrawal Of Heavy Weapons From the Contact Line Poverty Growth Electoral Campaign in Russia: Most Colourful Moments









Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

-8

search on the map
TAGS:
Maria Ladynina  Russian tourists  Dmitry Khvorostovsky   international cooperation  Stonehenge  contemporary art  Amur tigers  Stanislav Cherchesov  Belorusskaya  Vladimir  Russian Literature  Pal Zileri  Birchbark Handicrafts  Russian confectionery plants   wildfires  International Asteroid Day  Wooden Architecture  Russian tourism  Osnova Gallery  Domodedovo  Kurganinsk  Moscow  Elbrus  St. Petersburg  Woodwork  Russian fashion  medicine  Archeology  Transportation  Gazprom  Giotto  Russian history  Ceramics  Moscow Kremlin   Contemporary Arts  Belgorod Region  Perm  Hindi Zahra  George Harrison  Exhibitions in Moscow  Novogorod  Modern Art  Film Festivals  Russian sportswomen  Russian Cinema  Petropavlovsk  Russian business  Mercedes-Benz Fashion Week Russia  anniversary  Evrokhim  


Travel Blogs
Top Traveling Sites