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11 Января 2019
Foreigners

Veniamin Kondratiev: Economic Growth Must Be Transformed into Social Achievements

Veniamin Kondratiev: Economic Growth Must Be Transformed into Social Achievements

Krasnodar, 11 January – Yug Times. On the eve of the New Year, Kuban Governor Veniamin Kondratiev gave a big interview to several leading Russian information agencies.

Q.: How would you assess the year 2018 for the Krasnodar region?

A.: I consider the year to be successful. All branches of the regional economy deserved pluses, but it was the industry that was the most successful branch. At first glance, this was not so much evident, but nonetheless I am trying my best to have us returned to the industrial volumes which we used to have twenty years ago. On the whole, a 1.8% growth of the GRP would not suffice to resolve all issues where the influence of the regional budget is needed. This is why, I am setting the task to continue to increase the speed of the economic growth. Of course, economic result will transform into social achievements. What we are trying to obtain from the viewpoint of economic result must be transformed into real processes happening with the people - like the level of wellbeing, and the social development on the whole. The result must be evident.

Q.: How will you develop the industrial constituent of the regional economy?

A.: Over the past two years, we have concentrated on the development of industrial parks. In Russia, there are parks that are 15 years old. If we had launched our parks earlier, we would be getting dividends now, and [tax] residents would have arrived here long ago. What is extremely important here is the Fund for Industrial Development - we will invest a billion roubles to it next year. We are prepared for a spurt.

Q.: Is there a need to attract international investors to the [Krasnodar] region?

A.: I am in favour of both Russian and international investors - there must be competition [in the region]. No competition would be a disservice to our economy. Investors must come and offer healthy competition for local manufacturers - otherwise we would be rolling back to the Soviet time. We must be encouraged by all best worldwide practices. I stand for healthy competition.


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