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Russia: Putin meets Republic of Karelia governor to discuss economic growth01:55

Russia: Putin meets Republic of Karelia governor to discuss economic growth

Russian Federation, Moscow
March 11, 2015 at 09:03 GMT +00:00 · Published

Russian President Vladimir Putin met with the Governor of the Republic of Karelia Alexander Khudilainen in Moscow on Monday, where he was briefed on the republic's growth in 2014 as well as its prospects for 2015.

Khudilainen told the president that the republic experienced economic growth in 2014, recording an industrial production index of 106 percent and 101 percent in the first and second halves respectively. The governor also stated that the Russian financial company Sistema invested in the Segezha Pulp and Paper Mill in 2014 in a deal valued at over 13 billion roubles ( €200 million / $210 million) over the next three years.

The governor also reported that investment in large infrastructure projects will continue in 2015. According to Khudilainen, a gas pipeline is being designed from the town of Vytegra to the town of Pudozh in the east of Karelia and three new vessels are expected to be built at the Onezhsky ship building yard. It is believed at least 600 new jobs will be created in the process.

Russia: Putin meets Republic of Karelia governor to discuss economic growth01:55
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Russian President Vladimir Putin met with the Governor of the Republic of Karelia Alexander Khudilainen in Moscow on Monday, where he was briefed on the republic's growth in 2014 as well as its prospects for 2015.

Khudilainen told the president that the republic experienced economic growth in 2014, recording an industrial production index of 106 percent and 101 percent in the first and second halves respectively. The governor also stated that the Russian financial company Sistema invested in the Segezha Pulp and Paper Mill in 2014 in a deal valued at over 13 billion roubles ( €200 million / $210 million) over the next three years.

The governor also reported that investment in large infrastructure projects will continue in 2015. According to Khudilainen, a gas pipeline is being designed from the town of Vytegra to the town of Pudozh in the east of Karelia and three new vessels are expected to be built at the Onezhsky ship building yard. It is believed at least 600 new jobs will be created in the process.