Leningrad Region – Investor's Guide 2021
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17.09.2021 в 14:06

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
  • shipbuilding
  • chemical industry
  • petrochemistry
  • 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
• Located 600 km away from Moscow
• Borders with Saint Petersburg, one of the largest
industrial centres in Russia
• Access to the Baltic Sea

Effective measures of support
for investors

• Investors support under “one-stop-shop”
principle and “360°” system
• End-to-end solution for tax benefits
• Financing of investment projects through
the regional Entrepreneurship Support Fund

Access to human resources

• Ability to attract highly qualified specialists
from Saint Petersburg
• Low cost of human resources (48,271 rubles
(660 USD) – the average salary in 2020,
which is 29.4% lower than in Saint Petersburg)

Available infrastructure

• Wide choice of available investment sites,
greenfield and brownfield (289 available sites)
• Low cost of electricity supply
• Low rental rate for industrial areas
• Low cost of land lease

Large transport and logistics hub
• Location at the junction of international
transport corridors
• Ports of Leningrad region provide 21% of the
export and import cargo turnover of the country
• The largest port – Ust-Luga (cargo turnover
in 2020: 102.6 million tons of cargo –
1st place among all ports in the Baltic basin)

Second largest consumer market in Russia
• The total population of Leningrad region
and Saint Petersburg is about 7.3 million people
(5% of the population in Russia)
• High consumer demand – retail trade turnover
in the region and in the city in 2020 amounted
to 1,995.9 billion rubles (4.1% higher than in 2019)

 

 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.