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Kabardino-Balkaria entered top 5 regions of the Russian Federation in economic development

Within the framework of the International Industrial Exhibition INNOPROM-2021, the Ministry of Industry and Trade of the Russian Federation summed up the results of assessing the effectiveness of regional executive authorities in the field of industry for 2020.

According to the rating results, the Kabardino-Balkarian Republic entered the top five leaders in the first block - an indicator of the region's economic development.

In Kabardino-Balkaria, the growth of economic indicators in 2020, despite the restrictive measures, was possible, including due to sewing enterprises, which, with the assistance of the Ministry of Industry and Trade of the republic, were timely transferred to the production of products included in the list of non-food essential goods. 18 sewing factories produced about 50 thousand pieces of sanitary and hygienic masks per day.

Currently, work continues on the modernization of existing and creation of new industries. 14 investment projects have been developed in various industries, which will allow attracting more than 20 billion rubles by 2025.

Source: kbrria