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Far East is ahead of other regions in growth of foreign investments

Far East 12 04 18

The Far East has overtaken other regions of the Russian Federation in terms of the growth of foreign investment, Russian Prime Minister Dmitry Medvedev said.

As Dmitry Medvedev said, speaking with a report in the State Duma, in the modern history there has never before been so much attention to Eastern Siberia and the Far East as in recent years. "Last year, for the first time in four years, the growth of investments in fixed assets in the region was almost four times higher than the all-Russian rate. Now about a quarter of all direct foreign investments are in the Far East," Medvedev said.

Indices of industrial production, agriculture, construction in the Far East are higher than the national average, the premier noted.

According to him, this is the result of investors' work in the Advanced Development Zones, the Free Port of Vladivostok, work on the Far Eastern hectare program and the reduction of energy tariffs for industrialists, RIA Novosti reports.