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The Barents Monitoring reports give you the economic trends and developments from the Russian part of the Barents Region. Both half-year and annual reports from Murmansk Oblast, Arkhangelsk Oblast, the Komi Republic and the Nenets Autonomous Okrug are published.
The Barents Monitoring is produced by the Russian offices of the Norwegian Barents Secretariat based on information from the regional statistics services.
Tough year for Komi Republic
Flag of the Komi Republic
The Komi Republic in 2009 experienced decline on most economic parameters. However, industrial production still did better than in practically all other Northwest Russian subjects, and the last months of the year showed several positive trends, the 2009 Barents Monitoring report shows.
Like for all other Northwest Russian subjects, 2009 was a year of major economic hardships for the Komi Republic. Practically all parts of the regional economy showed negative figures. Also the situation on the labor market hardened with subsequent growing unemployment.
However, the decline was significantly less than in most other regions in Northwest Russia.
However, the decline was significantly less than in most other regions in Northwest Russia.
Industrial production
The decline in industrial production, which started in November 2008 continued through nine months of 2009 (with the exception of May). A positive dynamics was registered in November-December 2009, but the level of 2008 was still not reached.The index of industrial production was down 1,4 percent.
The lower production was first of all caused by a significant reduction in the volumes in coal mining and woodworking. However, also oil and gas production shrunk with respectively 0,2 percent and 6 percent. A total of 13,41 million tons of oil was produced in the region in 2009, while gas production totaled 3,2 billion cubic meters. Coal production was down 8,4 percent to 11,76 million tons.
Meanwhile, growth was registered in bauxite mining, and the production of meat, beer, paper, cardboard, motor gasoline, fuel oil, diesel fuel and linoleum.
Growing investments
Positive trends were also registered in investments. The main capital investments amounted to 99,253 billion rubles, which was 39 percent more compared to the level of 2008, the report reads.Cargo transportation dropped 6,4 percent. Also the construction industry dropped significantly (9,8 percent) compared with the 2008 level.
Labor market
The generally negative economical trends affected also the employment situation. By the end of 2009, a total of 16800 unemployed were registered, which was 39 percent more than one year ago. The level of official unemployment remains low with only 3,1% of the economically active population being without jobs.
Barents Monitoring Komi 2009
