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They want to increase the gross regional product in Kolyma
In the Magadan region, they expect an increase in GRP by 40% in the next two years. The authorities attribute this to investment projects that are planned to be implemented in the region.
According to the Far East Investment Promotion and Export Support Agency, most of the gross product in Kolyma is formed thanks to the mining industry. They plan to increase its level through projects in this area, as well as fish processing and the electric power industry.
The region will develop the tourism industry, agriculture, livestock. Manufactured products must enter local markets.