Nizhny Novgorod Region. Investment potential
Nizhny Novgorod Region is one of the largest regions situated in the heart of European Russia with strong industrial and scientific potential.
Nizhny Novgorod Region is located at the confluence of two rivers – the Volga and the Oka, 440 km east of Moscow. It takes 4 hours by car on the federal highway,
3 hours and 45 minutes by high-speed train and 40 minutes by plane to cover this distance.
It is worth mentioning that Nizhny Novgorod Region is located at the crossroads of two international transport corridors “East – West” and “North -South” that provide a steady flow of cargo in any direction, both across Russia and overseas.
Apart from extensive network of regional roads and railways with the density respectively 5 and 3 times larger than average in Russia, Nizhny Novgorod region has two more powerful hubs – an international airport and a river port with inland waterways having access to all the seas that bound European part of Russia.
Administrative centre of Nizhny Novgorod region is city Nizhny Novgorod which is at the same time the capital of one of 8 Russian Federal Districts – the Volga Federal District.
At present population of Nizhny Novgorod Region is 3,3 million people. The overall area of the region is 77 thousand square kilometers.
Nizhny Novgorod Region is located in the middle of the biggest sales market in Russia with high purchasing power. About 43 million people live within the radius of 500 kilometers and about 84 million – within the radius of 1000 km from Nizhny Novgorod. It leaves Moscow and St. Petersburg behind.
Despite the lack of rich natural resources Nizhny Novgorod region is one of the most industrialized regions of Russia. The basis for industry is formed by a high-tech manufacturing sector (70%). The major industries include engineering and metalworking, chemical and petrochemical industries, fuel industry, electric power, ferrous and nonferrous metallurgy, as well as woodworking, pulp and paper, light and food industries.
There are 91.5 thousand companies and organizations working in various fields of trade and economics registered in Nizhny Novgorod region.
External turnover of Nizhny Novgorod region in 2010 comprised 5075,9 million US dollars and increased by 4,1% compared to the year 2009. Export comprised 2543,3 million US dollars, whereas import – 2532,6 million US dollars.
Nizhny Novgorod region is one of the largest Russian centers for science-technical education, academic and industrial science.
Educational institutions annually welcome about 300 thousand schoolchildren and 200 thousand students.
The guaranty for successful development of the region at present is modernization of its economics and creation of most favorable conditions for life and work.
More about Investment potential of Nizhny Novgorod you can find in the following presentation:
