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Governor Matviyenko Paints Rosy Picture

Published: April 1, 2005 (Issue # 1057)


Governor Valentina Matviyenko painted a rosy picture of St. Petersburg in her annual address, saying she would like to see it as a prosperous European city in which the incomes of its citizens grow steadily.

In her second address delivered to the Legislative Assembly on Wednesday, Matviyenko ignored the fact that official statistics show that the strengthening ruble and rising inflation slowed income growth in 2004. She focused on figures suggesting the city has been successful in improving the investment climate.

"The arrival in the city of some of the country's biggest tax payers will raise city revenues by 5 billion rubles ($180 million)," she said. "And that is a conservative estimate."

In 2004, City Hall succeeded in convincing several large enterprises, most of which have strong connections to the federal government, to re-register their head offices from other regions, mainly Moscow, to St. Petersburg. The companies include Vneshtorgbank, Sovkomflot, Transnefteprodukt, the Northwest Federal Network Co. and Territorial Generating Company No. 1.

LUKoil and Rosneft have also opened branch offices in the city.

The total volume of investments in the city grew 40 percent to an estimated $900 million, according to City Hall statistics.

"The main thing here is not the figures, though the statistics are at record levels," Matviyenko said. "The investment landscape has been changed. We are no longer being treated as an economic province, as a city that is merely a source for pleasure because of its culture sites, where it is impossible to operate big business."

Among the biggest projects launched in the city in 2004 Matviyenko mentioned electronic equipment production plant Elcotech, a Knauf plant making construction materials, the Tinkoff brewery, Gillette, Pepsi, Russky Standart, Yarovit Motors and First Furniture Factory. Investments in these projects ranged from $20 million to $100 million.

While the investments are growing, the average income of city residents stayed practically the same last year, going up by about 13 percent in face value compared to 2003, or about the same amount as inflation, according to official statistics presented in the local media. In 2003, city incomes grew about 32 percent.

But Matviyenko said the average city income grew 26.5 percent in 2004 to about 8,665 rubles ($311) a month.

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ALL ABOUT TOWN

Saturday, Sept. 20


Starting on Sept. 18 and ending tomorrow is the Extreme Fantasy Wakeboarding Festival in Sunpark by Sredny Suzdalskoye lake in the Ozerki region of the city.


Those after something more laid back can instead head to Jazz and Wine night at TerraVino with legendary jazz guitarist Ildar Kazahanov. 12/14 Admiralteyskaya Emb.



Sunday, Sept. 21


Learn more about African culture and get some exercise during today’s “Djembe and Vuvuzela,” a bike ride starting in Palace Square that includes several stops where riders can listen to the music of Africa or watch short films about the continent. The riders plan to set off at 4 p.m. and all you need to join is a set of wheels.



Monday, Sept. 22


Do you love puppetry? If so, then be sure to go to BTK-Fest, a five-day festival that starts on Sept. 19 celebrating the art. Contemporaries from France, Belgium, the U.K. and other countries will join Russian artists to put on theatrical performances involving a variety of themes, materials and eras. Workshops and meetings are also scheduled for a chance to discuss the artistic medium in further depth.



Tuesday, Sept. 23


Marina Suhih, Director of the External Communications Department at Rostelecom North-West, and Yana Donskaya, HR Director for Northern Capital Gateway are just some of the confirmed participants of today’s round table discussion on “Interaction with Trade Unions” being hosted by SPIBA. Confirm your attendance with SPIBA by Sept. 22.


Kino Expo 2014, an international film industry convention, will be at LenExpo from today until Sept. 26. The third largest exhibition of film equipment in the world, the expo focuses on not only Russia but former Soviet republics as well.



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