Full-cycle furniture production project launched in Pskov region

A full-cycle furniture production development project has been launched in the Pskov Region. It is supported by the Investment Development Fund. The implementation process was discussed at a meeting of the Investment Council under the Governor.

According to the Pskov news feed with reference to the head of the region Mikhail Vedernikov, in 2023 the production turnover was 26.5 million rubles, and a year later it was 48.7 million rubles. This was due to increased demand. For this reason, it was decided to increase and automate production.

In particular, the authorities have developed a full-cycle Furniture Manufacturing project. It is planned that investments in it will amount to almost 21 million rubles. The company is expected to reach full capacity by 2028.

The Regional Industrial Development Fund provided a loan of 14 million rubles.

Earlier it was reported that enterprises of the Pskov region exported 110 shipments of fish and livestock products from January 1 to January 31, 2025. The total weight of the product was 2.7 thousand tons, which is three times more than in the same period a year earlier (912 tons). The products were shipped to seven countries around the world.