Irina Kiviko: The Crimean economy has adapted to work during the pandemic

The economy of the Republic of Crimea has adapted to functioning during the pandemic, as evidenced by the analysis of macroeconomic indicators of the republic's development for 2021. Deputy Chairman of the Council of Ministers - Minister of Finance of the Republic Irina Kiviko, reported this.

"The analysis of the macroeconomic indicators of the development of the Republic of Crimea over the past year allows us to speak confidently about the adaptation of the region's economy to functioning in a pandemic," she said.

According to the Deputy Prime Minister, by the end of 2021, a full recovery of the economy is expected, GRP growth will amount to 6.4% with a volume of RUB 542.1 billion. In the medium term, an annual increase in the gross regional product is planned by 1.7% - 2.5%.

According to her, the recovery of business activity is noted in all sectors of the economy of the republic, but the main drivers of growth were industry, agriculture and tourism.

She noted that over the past year, the budget's own revenues amounted to RUB 79.2 billion, which is 28.5% more than in 2020, which made it possible to significantly increase spending on the social sphere.