Economy

The economic situation of the circumpolar Arctic is distinct among world regions. The formal economy is based on the large-scale exploitation of natural resources; however, traditional hunting and gathering, fishing, and animal husbandry also continue to be important to northern peoples. Arctic sub-regions depend strongly on their mother economies in the south, and the central governments of Arctic states support much of the overall consumption through transfer payments to local agencies and individuals. In general, the Far North plays an asymmetrical role in the world economy, exporting considerable quantities of raw materials and importing most of the finished products needed to meet internal demands.

Seven Khabarovsk farmers have been issued grants for family farm development over two years. In all, more than 205 million rubles has been allocated to support agricultural producers, including 123 million rubles in federal funds, the regional Government’s Press Service reports.

“This grant is intended for major construction projects or overhauls. Recipients build up-to-date hothouses, cowsheds and calf-houses, vegetable storehouses, and even grain-dryers. As a result, farm output is on the rise in the Territory,” Galina Poduzova of the territorial Ministry of Agriculture said.

It is reported that the Competences Center, a division of the Territorial Agricultural Fund, operates for the benefit of potential grant recipients. It offers about 500 consultations per year, and as many as 70 people apply to it for help.

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15 December 2015

Economy

There are no areas of development we aren’t prepared to move into – Arkhangelsk governor