04 June 2015, Thursday, 13:21

Bashkiria’s GRP reduces

 

UFA, 4 June 2015. /Bashinform News Agency, Elvira Latypova/. The quantum index of the gross regional product (GRP) amounted to 96.5 percent in Bashkortostan in January-April compared to the same period of the last year. The data are presented in the analytical materials of the republican Ministry of Economic Development. The Ministry attributed the negative trend to the reduction in gross value added in trade, agriculture, transport, financial, social and public sectors. Due to this factor, the accumulated positive trend in industry and construction, and investment growth in the economy in the first quarter failed to provide growth of the total indicator.

The GRP exceeded the level of January-April 2014 by 2.3% in absolute value, without taking into account inflation, and amounted to 389.9 billion rubles.

"The inflationary factor makes quite a significant pressure on the economic development of the republic that often overlaps positive difference in number of indicators. The real growth is observed only in the industry sector and construction activities", it is stated in the materials of the Ministry of Economic Development RB.