Leningrad region is one of the largest industrial centres and one of the leaders in terms of economic development in Northwest Russia.
According to the estimates, the gross regional product of Leningrad region amounted to 1.26 trillion rubles (17,51 billion USD) in 2020 (100.1% in comparison with 2019). From 2015 to 2020 the volume of GRP has increased by 10.7%.
The industry is the main branch of the economy of Leningrad region, its share in the gross regional product is 36.9%. The main branches of industry are:
- automotive industry
- chemical industry
- agro-industrial complex
- wood processing
- pulp and paper industry
- building materials industry
- mechanical engineering
- aluminum industry
Advantages of localization in the region
Favourable geographical location
• Borders with the EU
Effective measures of support
• Investors support under “one-stop-shop”
Access to human resources
• Ability to attract highly qualified specialists
• Wide choice of available investment sites,
Large transport and logistics hub
Second largest consumer market in Russia
Read more about the opportunities in the region on the website of the Economic Development Agency of Leningrad Region: https://lenoblinvest.ru/en/ and in the guide below.