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MIL OSI Translation. Region: Russian Federation –

Photo by M. Mishin. Press Service of the Mayor and the Moscow Government

The largest growth is shown by the production of paper, metal products and electrical equipment.

The average salary of employees of manufacturing enterprises since 2010 has grown by more than 2.5 times, and taking into account inflation – by 60 percent, the Deputy Mayor for Economic Policy and Property and Land Relations said. Vladimir Efimov…

According to him, more than 700 medium and large manufacturing enterprises operate in the capital. Their share in the structure of the gross regional product over the decade increased by 3.4 percent – up to 16.2. At the same time, the incomes of those who work there are also growing.

“By the end of 2019, the wages of employees of manufacturing enterprises, taking into account inflation, increased by 60 percent. Positive dynamics continued this year: for the period from January to July, the average monthly salary in the manufacturing industry of the capital is 5.3 percent more than in the same period in 2019, ”said the Deputy Mayor.

As the head noted Department of Investment and Industrial Policy of the City of Moscow Alexander Prokhorov, the fastest growing income for workers in paper production. The growth was 67 percent, or 55.4 percent adjusted for inflation.

“In second place are enterprises producing finished metal products with natural growth of almost 66 percent, or 54.5 percent, taking into account inflation. The third line is occupied by the production of electrical equipment: the growth was 53 percent, or 41.2 percent, respectively, ”he added.

Employees of enterprises for the production of paper and paper products receive on average 86.4 thousand rubles, finished metal products – 84.1 thousand rubles, and electrical equipment – 80.7 thousand rubles.

Over the nine months of 2020, production volumes in Moscow increased by 4.6 percent. The highest growth rates are for manufacturers of chemicals and products, machinery and equipment, drugs and materials for medical purposes.

The capital also retains high investment activity. In the first half of the year, investments in fixed assets increased by 8.2 percent compared to the same period in 2019.

Moscow industry continues to increase export volumes. Since the beginning of the year, supplies of non-primary non-energy products have grown by almost 30 percent. Key trading partners in this area are Great Britain, USA, Belarus, Kazakhstan and China. In Moscow, they buy chemical and food products, pharmaceuticals and cosmetics.

Excluding inflation – two and a half times, taking into account inflation – by 60%.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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