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Samara region’s governor Vladimir Artyakov said in his budget message this month that the region has all the opportunities to reach pre-recession levels by 2012 considering the positive recovery rate in 2010 and the regional economic forecast for 2011.
Artyakov said that all major sectors of economic activity in the region are in the process of post-recession recovery. If the recovery rate remains stable the region will be able to surpass pre-recession levels in 2012.
The governor also stated that industrial production index for the first 9 months of 2010 has registered a huge increase of 115% compared to the corresponding period of the previous year. Experts forecast a total rate of economic growth in the region for 2010 as approximately 107%.
Vladimir Artyakov, Governor of Samara