Perm Krai(Russian: Пе́рмский край, tr. Permsky kray; IPA: [ˈpʲermskʲɪj kraj]) is a federal subject of Russia (a krai) that came into existence on December 1, 2005 as a result of the 2004 referendum on the merger of Perm Oblast and Komi-Permyak Autonomous Okrug. The city of Perm is the administrative center. Population: 2,635,276 (2010 Census).
Orda cave, Perm, Russia
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.