Acting Head of Sverdlovsk Region Government Galina Kovaleva coordinated a cabinet meeting devoted to implementation of the President’s address to the Federal Assembly in the first quarter of 2007.

One of the reports was presented by First Deputy Minister for Economics and Labor Nikolai Bespamyatnikh, who said Sverdlovsk Region was doing quite well in terms of economic development. The region’s industrial production index went up 8.4% compared to a year earlier; so did the amount of investments (28%) that now comes to 9.5 billion RUR. The average pay rose by 32.2% against January 2006 and now amounts to 12,009 RUR a month.

Mr. Bespamyatnikh emphasized the fact that the list of available investment projects was constantly being updated, with over 160 projects presented on Sverdlovsk Region Investment Online Portal.

This information was reported by the spokesperson for the Governor of Sverdlovsk Region.