Labor productivity to quadruple by 2020, Viktor Koksharov says

‘The region’s labor productivity is expected to quadruple by 2020,’ Head of Sverdlovsk Region Government Viktor Koksharov announced at a recent government meeting devoted to the region’s developmental strategy.

Viktor Koksharov believes the implementation of Sverdlovsk Region’s socioeconomic development projects will result in the average annual wage growth of 108.5%, the average annual industrial output growth of at least 107%, and the average annual GDP growth of at least 108% by 2020.

‘These are quite serious and challenging goals; to achieve all this, the investment in the region’s economy must be tripled by 2020,’ he said.

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