Rostov enterprises upscale investments

Rostov enterprises upscale investments

At the meeting of the Permanent City Parliament Commission for economic development, investments, industry and energy, chaired by Sergey Zaraevskiy, deputies discussed the monitoring results of the investment activities of large and medium-sized enterprises of the city in 2017.

Deputy Director of the City Department of Economics, Polina Korostieva, presented a report and informed deputies that it was assigned 103.8 billion rubles for capital investments of the full range of the city enterprises. The growth rate, as compared with 2016, was 103.7%, and the actual volume index was 101.2%.

Moreover, the investment activity of many large and medium-sized enterprises of the city significantly overran the indicators of 2016, and the tax payments to the local budget amounted to 2.3 billion rubles in 2017.

Based on the results of the year 2017, 15 projects included in the “List of investment projects of Rostov-on-Don” were implemented, totaling 5.3 billion rubles. Investors created more than 500 work positions. The first stage of the construction of the residential complex “Gvardejskiy – 2”, the construction of the multifunctional shopping and entertainment complex “Orbita” on Korolev Avenue, and the modification of the cultural heritage site “The tenement building of the early XX century” into the city perinatal clinic are among the biggest projects.

During the discussion of the information provided, the deputies considered it incomplete for the necessary analysis and evaluation.

- Not only the amount of investments contributed by the enterprises to their own development is important for us, but also a quantity of new work positions thus created and the increase in tax revenues to the city budget, - said Deputy Chairman of the City Parliament, Sergey Sheremetjev.