[lbo-talk] Kremlin to gain from Communist split

Chris Doss lookoverhere1 at yahoo.com
Tue Jul 6 02:22:57 PDT 2004



>> And the average income outside of Moscow, say,
> Chelyabinsk or Novgorod
> (the only cities I can name offhand...)?
>

Oh God. It varies tremendously. (I have no idea what the rate increase is outside Moscow.) Here's a recent Moscow Times article I posted on the subject. Note that Moscow's per capita gross regional product is about 40 times (!) that of Ingushetia's (the poorest region outside Chechnya).

One group this _will_ hit is pensioners. Pensions barely exist.

Study: Half of Economy in 6 Regions

By Mikhail Balyasny Special to The Moscow Times The economy may have grown every year since the 1998 financial crisis, but so has the gap between rich and poor regions, according to a new study.

Despite having less than 10 percent of the population, the two wealthiest regions in Russia -- oil-rich Tyumen in Western Siberia and the city of Moscow -- now account for nearly a third of gross domestic product, up from less than a fourth at the start of 1999, according to a research report by Aton investment bank.

"Those regions that were poor remain poor, and those that were rich remain rich," said Peter Westin, the report's author and Aton's chief economist.

Topping Aton's per capita output table at $8,981 per year is Tyumen (including Khanty-Mansiisk), followed by Moscow ($6,603), billionaire Roman Abramovich's fiefdom Chukotka ($5,093), diamond-rich Sakha ($4,568) and gold-filled Magadan ($3,245).

The top six regions by output -- Moscow, Tyumen, St. Petersburg, Sverdlovsk, Tatarstan and Samara -- account for half of the overall economy, according to Aton.

http://www.moscowtimes.ru/stories/2004/06/29/041.html

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