The Acting Governor reported that the production rate grew 6.9 percent in 2017 compared with 2016, and investment in fixed capital and working enterprises 4.7 percent. The gross regional product has increased by 5 percent.
The region has not yet fully overcome all the negative trends. According to Mr Nosov, the out of region migration is continuing, with the Magadan Region’s population decreasing approximately 1 percent in 2017. However, the speed of migration has decreased. In particular, the decision to balance tariffs is a reason to be optimistic.
As of today, active work is being done to prepare for the implementation of the May Executive Order. The measures aimed at ensuring this implementation have been submitted to federal ministries for approval.
Vladimir Putin and Sergei Nosov also discussed the issue of air services in the region. The Acting Governor noted that small aviation plays a key role both in the Magadan Region and the entire Far East and asked the President to support this sphere, adding that there are several ways to cut budget spending.