Five years in power: that was when with Vladimir Gruzdev Tula region – RBC

The ex-governor of the Tula region, Vladimir Gruzdev Photo: Oleg Yakovlev / RBC

Tula region – a complex area, but the governor Gruzdev showed “good momentum”, said Vladimir Putin, sending him into retirement. In 2014, she received the highest score on the socio-economic development in Russia

Tula region in Russia belongs to the best: in 2014, its economy grew by 5.1% against the national average of 0.6%. In 2013 (more recent data are not available) GRP per capita was 88% of the median of the country. In the same year, Tula became one of the “30 best cities for business” according to the Russian Fobres, taking in the ranking 18th place.

In 2014, the government has set the Tula region in first place among the Russian regions, achieved the best results of socio-economic development (regions-winners of this offset divided between 5 billion rbl. from the federal budget, of which the region has received about Gruzdev about 360 million rubles.). In the same year Tula ranked 34th of 94 in the ranking of sustainable development of Russian cities, compiled by the Ministry of Environment.

Tula region, one of the few, met the crisis with an acceptable debt burden: In September 2015, Fitch Ratings confirmed its long-term issuer default rating in foreign and national currency at «BB» and national long-term rating at the level «AA- (rus)». The outlook on the long-term IDR and National Long-term rating – «Stable».

 The decision reflects a moderate direct risk Tula region, acceptable operating performance with a positive current balance and a diversified tax base, the agency reported. Fitch expects the region will demonstrate stable budgetary performance in the medium term (the operating balance at about 10% of operating income). The budget deficit before debt variation region in the years 2015-2017 will be about 3-5% of total revenues in the year, the agency predicts: to restrain the deficit will limit capital expenditures and measures to improve cost efficiency.

Tula region in numbers:

on 24% grew gross regional product of the Tula region in 2011-2013

on 23,3% reduced the number of unemployed residents of the Tula region in 2011-2014

on 22,8% has increased the volume of investments in 2011-2014

In 19,3% increased inflation in the region in 2011-2015

on 4,9% has increased the average monthly salary in the region in 2011-2014

Source: Rosstat