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.

The region’s Head, Dmitry Demeshin, has decided to introduce a new remuneration system for employees of education institutions; this will help prop up the sector. The new system will encompass 19,000 local educators, including teachers, instructors and lecturers, the Governor told an expanded meeting of the Public Council of the regional Ministry of Science and Higher Education.

“I have decided to raise the salaries of employees of territorial education institutions by 25 percent. We will also modify compensations and bonuses, and we will set their ceilings. In the next few years, this will make it possible to raise the salaries of educators,” Dmitry Demeshin noted.

Compensations and bonuses will remain the same as throughout 2025.

The Governor noted that the education sector was receiving almost 25 percent of the Khabarovsk territorial budget. Salary raises are among the main and most complicated current objectives.

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15 December 2015

Economy

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