Mechanical engineering in the region: trends and major development issues

The article examines the development of machine-building complex in the Vologda Oblast as compared to that in Russia as a whole. It analyzes the main industrial funds, growth rates, financial situation, investment volumes, profitability level, staffing and wages level of employees engaged in the mechanical engineering of the Vologda Oblast and Russia. The article reveals the main trends and problems of development of the industry.