Logging in Arkhangelsk region becomes more and more loss-making

Arkhangelsk, November 16. Since 2007, there has been loss-making logging trend in Arkhangelsk region: in five years, net loss grew from 80.1 million Rubles in 2007 (€2 million) to 506.5 million Rubles in 2011 (€12.5 million), as reported by the Chamber of Accounts that performed an audit of social and economic development and stability in the region.

Within five years, lumber production in Arkhangelsk region curtailed from 2.1 million cu m down to 1.67 million cu m.

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