On September 27, 2017 the Government of the Russian Federation issued Decree No. 1165 according to which Ruzaevka obtained the status of priority social and economic development area.
The companies of Mordovia are actively involved in import substitution programs set up by the Russian Government. Several projects implemented in the republic are highly significant for the country.
On September 7, Interim Head of the Republic of Mordovia Vladimir Volkov and Chairman of the Board of Directors of meat processing plant Atyashevskiy, President of Talina Group Viktor Biryukov signed an agreement on cooperation in implementation of investment projects. The document provides for cooperation aimed at development of agro-industrial complex of the republic. The investment program includes construction of new production and treatment facilities in Atyashevo and Torbeevo.
During International Military-Technical Forum ARMY-2017, scientists form Mordovia Research Institute of Light Sources named after A. Lodygin presented “Sunlight” lamps.
The Center of Regional Economic Study has compiled the rating based on the data from Russian Federal State Statistics service.
The Republic of Mordovia and Tyumen region share the leading position among the regions with maximum social and political stability in Russia. This is the result of the survey conducted by the Saint-Petersburg Politics Fund in July.
By the end of 2017 Saransk plant Biokhimik will start the production of four latest antibiotics developed by its experts. It is the only project in Russian pharmaceutical industry with complete production cycle.
The capital of Mordovia Saransk, which was famous as “a capital of light” in Soviet times, has regained the status of lighting industry center. As a result of the first half of 2017, the share of LISMA State Unitary Enterprise of the Republic of Mordovia on the Russian market varies from 26 to 54% with the items.
The first in Russia bulk single crystal of silicon carbide 100 mm in diameter and over 15 mm wide was produced with industrial growth units in a laboratory of N.P. Ogarev Mordovia State University.
In 2016 Mordovia’s gross regional product was 209.6 billion rubles, which is 5.2% higher than that of 2015. In general, 51 Russian regions have shown the growth of economy. The leader is the Jewish Autonomous Region, whose gross regional product has grown by 7.1%. In the top 5 there are also the Republic of Crimea, Nenets Autonomous Okrug and the city of Sevastopol.
Mordovia and Belarus have signed an agreement on cooperation within the fourth Forum of Russian and Belarusian Regions in Moscow.
Ruzaevka is the first single-industry town of the Republic of Mordovia to submit an application for the status of priority social and economic development area. On June 28 a special commission of the Ministry of Economic Development of the Russian Federation supported the Ruzaevka’s application. The status of priority social and economic development area will contribute to attracting investments due to tax incentives and other benefits.