The Governor informed the President that preliminary reports show industrial production growth rate of 3.5 percent in the first six months of the year, while growth rate in retail and services is slightly lower. This indicates economic recovery.
The region’s revenue grew by approximately 10 percent year-on-year. At the end of the first quarter, investment in capital stock stood at around 82 billion rubles. Capital investment over the previous year was 658 billion rubles.
Georgy Poltavchenko reported that the St Petersburg City Government approved the strategy of socioeconomic development for the city until 2035. The action plan to implement the strategy is based on all the provisions of the Presidential Executive Order of May 12, including the indicators. Currently, the Government is drafting a budget for 2019 and further years to meet the objectives of the May Executive Order.