Artur Parfenchikov: The volume of investments in Karelia reached the maximum level for the region at the end of 2023

Karelia is in the top ten of the National Rating of the Investment Climate in the Subjects of the Russian Federation. During the annual report, the head of the region, Artur Parfenchikov, set the task of consolidating the positive growth of investments in fixed assets at a meeting of the Legislative Assembly.

In his report on the results of the activities of the Government of the Republic of Karelia for 2023, Artur Parfenchikov emphasized that the republic is now in the top ten of the National Rating of the Investment Climate in the Subjects of the Russian Federation. In 2017, Karelia took only the 56th place there.

– The volume of investments in fixed assets at the end of 2023 reached the maximum level for the region – almost 104 billion rubles. In terms of investment dynamics over the last five years, Karelia ranks first among the subjects of the Northwestern Federal District, – said the head of the region.

The investments of large and medium-sized organizations at the end of 2023 amounted to 77.3 billion rubles, and 26.3 billion rubles of small businesses.

Artur Parfenchikov also noted the positive impact of the new projects development on employment in the region:

– As a result of the investment projects implementation, SMEs created and modernized one thousand jobs in 2023. In general, our investment portfolio already includes 267 projects with a total investment volume of more than 230 billion rubles, due to which more than 15 thousand jobs will be created.

The systematic work on the economic situation improvement will continue in 2024 in order to consolidate the positive growth rate of investment in fixed assets and maintain the level of more than 100 billion investments in the regional economy.

Karelia is also one of the five leading regions in implementing the plan for creating jobs in the Arctic zone of the country. The Arctic residents are implementing 70 investment projects totaling almost 98 billion rubles. There is a plan to create more than 2,300 jobs. About 18 billion rubles have already been invested in these projects, and more than 900 jobs have been created. The areas popular for investment are tourism, social sphere and services, stone mining and processing.

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