Perm Krai (Perm Region) (Russian: Пе́рмский край, romanized: Permsky kray, Russian pronunciation: ; Komi-Permyak: Перем ладор, romanized: Perem lador) is a federal subject of Russia (a krai), located in Eastern Europe. Its administrative center is Perm. The population of the krai was 2,635,276 (2010 Census). The krai was formed on December 1, 2005 as a result of the 2004 referendum on the merger of Perm Oblast and Komi-Permyak Autonomous Okrug. Komi-Permyak Okrug retained its autonomous status within Perm Krai during the transitional period of 2006–2008. It also retained a budget separate from that of the krai, keeping all federal transfers. Starting in 2009, Komi-Permyak Okrug's budget became subject to the budgeting law of Perm Krai. The transitional period was implemented in part because Komi-Permyak Okrug relies heavily on federal subsidies, and an abrupt cut would have been detrimental to its economy. More information...
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