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Kareliya: wood industry suffers losses
Increase in production in logging and woodworking branches doesn't affect their financial result – losses comprise 2 billion rubles.
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  • Despite logging growth in Karelia in the first half of the year, following the results of
    January/May the losses exceeded 141 million rubles. According to Rosstat, only
    40% of logging enterprises work with profit in the republic.

  • In woodworking branch, where increase in production is also noted, losses in
    January/May reached nearly 285 million rubles. A share of profitable
    enterprises in this branch is only 35,7%.



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