Business and Industry
As of 1999, the economy of the town is dominated by state enterprises. The proportion of their employees comprises two-thirds of able-bodied population. Other industries employ an additional 12,000 people. There are about 4,000 unemployed in Arsenyev. The largest enterprise of the town are Askold Shipbuilding Plant and Progress, producing generally products for defense. At present the volume of the output has been lowered due to the reduction of demand for military products. The high prices of raw materials have led to a halt in the production of umbrellas, furniture, and baby prams, that were by-products of Askold and Progress. All of this constitutes a threat to unemployment to most of the town population, which has been employed by these two plants. One possible solution to the problem is exporting military helicopters of Progress Stock Company, which have received worldwide approval. Due to the highly technical industries located there, Arsenyev is characterized by a larger proportion of specialists with higher education compared with other cities of the Krai.
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