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:

Penza region. Investment opportunities

The Penza Region is the state of the Russian Federation, located in European part of Russia with an approximate population of 1.4 mln. citizens and the territory of 43.4 thousand square kilometers. Our region is considered to be as one of the most attractive states of the Russian Federation. It was recognized as a region with a minimal investment risk on the territory of the Volga Federal District. Low levels of investment risks and general business support identifies the vast development of the region by attracting foreign capital. Moreover, the region offers a number of tax incentives for investors that implement projects in priority sectors (agriculture, timber processing, machine building, metalworking, food-processing industry, construction material, medical, glass and light industry). In particularly, the region releases organizations, implementing the priority investment projects, from transport taxation on the territory of the Penza region. The measures also determine the new rates on property taxes. Thus, organizations, implementing the priority investment projects, will be exempt from property tax for the period of return on investment costs for up to 8 years. Furthermore, the Penza Region has a highly professional Research and Development personnel, which is an educational and industrial potential for the development of innovative technologies.

The Penza region borders with the Republic of Mordovia in the north, Ulyanovsk Region in the east, Saratov Region in the south, and Tambov Region in the west. The developed network of roads and railways provides quick access to the neighbor regions, which could also be potential markets of your company products and services.

JSC Penza Region Development Corporation – is a regional operator of priority investment projects of the Government of the Penza region. The Corporation’s main responsibility is to develop communications and attract investors to the region. However, it also can create joint ventures with a joint capital. The Penza region Development Corporation has land and industrial buildings. In addition, the Corporation may assist you in selecting a business partner from our region and help you arrange in acquiring your office and construction buildings. Moreover, this organization can provide your company support with visa, legal and language assistance, preparation of engineering infrastructure implementing joint investment projects in the Penza region.

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More information about JSC Penza Region Development Corporation you can find on website: www.krpo.ru, and by telephone: +7 (8412) 68 08 37.