21 import-substituting production opened in Russia in a month
February 2019 was not a breakthrough for economics Russia, however, was marked by the completion of several strategic projects that should support future economic growth. In February, 21 significant production facilities were opened, most of which are of an import-substituting nature.
Electricity production increased by 0,5% with a general decrease in consumption by 0,7%. The consumption of fuel equivalent in electricity production has reached a record low over the past 20 years.
One of the most significant energy projects completed in February is the new generation substation, built in Omsk, and the 300-km power transmission line, designed to power the facilities of the Baikal-Amur Railway and the Trans-Siberian Railway.
Loading on Russian Railways remained at about the same level as in January-February 2018. The flow of passengers in the first two months of this year increased by 3% compared to the same period last year.
The index of business activity (PMI) in the service sector in February reached 55,3 points, while a similar index of manufacturing industries fell to 50,1 points. An indicator above 50 points indicates an increase in business activity.
Electricity production increased by 0,5% with a general decrease in consumption by 0,7%. The consumption of fuel equivalent in electricity production has reached a record low over the past 20 years.
One of the most significant energy projects completed in February is the new generation substation, built in Omsk, and the 300-km power transmission line, designed to power the facilities of the Baikal-Amur Railway and the Trans-Siberian Railway.
Loading on Russian Railways remained at about the same level as in January-February 2018. The flow of passengers in the first two months of this year increased by 3% compared to the same period last year.
The index of business activity (PMI) in the service sector in February reached 55,3 points, while a similar index of manufacturing industries fell to 50,1 points. An indicator above 50 points indicates an increase in business activity.
Information