Economy of the region is in decline, announced President of Russia Vladimir Putin at the meeting of Security Council in Kremlin. He expressed his disappointment about the current economic situation. The investment is twice lower than average investments in the country. "Possessing up to 90% of amber reserves it is far from control over amber market. Living standard of Kaliningradskaya Oblast is 1.4 times above average. Social diseases - drugs, AIDS - are very high, crime rate grew immensely.

Putin stressed the need to achieve distinc coordination between ministries and bodies of the region. He said this is the clue to solution of the problems. Another important task is to build administrative and legislative conditions for Russian and foreign investment in the region.

One more task to accomplish is to analyse economic effectiveness of the region, as there is a need for a strategy to follow.