On Friday, Vladimir Putin held a meeting in Yalta on the socioeconomic development of the Republic of Crimea.
As he noted, “Much has been done in the past few years to unlock the potential of Crimea and Sevastopol. Industrial production in Crimea has almost doubled, and it has increased by 2.5 times in Sevastopol. Retail trade has grown 12% in Crimea and by 29% in Sevastopol. The unemployment rate in the Republic of Crimea has decreased from 7.2% in 2015 to 5.5% at the end of 2019. In Sevastopol it has dropped from 8.3% to 4.1%. This became possible because a number of companies resumed operations and were loaded with orders, including orders from federal ministries and departments.”
The local tourist industry is gradually developing and in 2019 7.4 mio tourists visited Crimea, which is a 9.3% increase over 2018. 57% of them arrived via the Crimean Bridge.