The Komi Republic struggles with investments and industrial production, the latest Barents Monitoring report shows

Lower oil production gives a downturn for regional industry.

The economic situation in Arkhangelsk Oblast can be characterized as a process of slow recovery, the latest Barents Monitoring report reads.

The region, which promises to become a power house for Russian Arctic developments, struggles to overcome the consequences of the financial crisis. The region experiences low growth and does worse than the Russian average on a number of key parameters.

While oil production dropped, the electricity generating industry and the construction industry did well in the first nine months of 2010, a new Barents Monitoring report for the Nenets Autonomous Okrug reads.

Several of the key industries in the Komi Republic have in 2010 experienced negative growth. The region has still managed to cut unemployment and uphold salary levels, the latest Barents Monitoring report reads.

A new comparative survey shows that the economy in the Russian part of the Barents Region shows clear signs of recovery. The mining and construction industries are the two main growth sectors in the region.

The economy of Arkhangelsk Oblast is gradually reviving after more than a year of serious crisis. However, the positive trend is partly nurtured by developments in the neighboring Nenets Autonomous Okrug.

Significant growth in the mining industry in the first half of 2010 prevented the economy of Murmansk Oblast from turning negative.

Where is the most diversified economy, the biggest growth and the most prosperous populations? And where do foreign investors place their money? Read more about the social-economic situation in Barents Russia in a new survey from BarentsObserver.