- Why should one invest in Lipetsk region?
- Foreign economic relations
- International investment activity
- Invest projects
Why should one invest in Lipetsk region?
It is an area of political stability, one of the most dynamically developing regions, a leader among the entities of the Russian Federation in many social and economic indicators.
The region has the following advantages:
- convenient geographical location in the centre of the European part of Russia;
- well-developed local investment legislation which guarantees investors their rights and grants them tax privileges;
- railway and automobile lines of Federal significance;
- highly developed industries, including enterprises with foreign shares;
- progressive regional government ready to assist the investor;
- experience of dealing with investors and understanding their interests;
- provision of various consulting services to investors;
- qualified workers and administrative staff;
- advanced banking and insurance systems, developed infrastructure of modern means of communication;
- rich chernozems (black soils) and the climate favourable for agriculture and development of food processing industries;
- comfortable hotels, possibility of renting high-class apartments and houses;
- a mud-bath spa.
Foreign trade
The foreign trade turnover in January-December 2008 has made 6700,0 mln.USD, which is 39% higher than in the equal period of 2007.
Export of Lipetsk region has risen on 37% and has made 5250 mln.USD. The goods were being delivered to more than 50 countries.
The import has risen on 44% and made 1450 mln. USD. Export exceeded import at 3,6 times.
Foreign trade balance is positive - 3800 mln. USD. The commodity structure of export and import has not been changed.
The regional export is based on ferrous materials and metal ware. Besides, the machine building products, food and products of agriculture, products of fuel-energy complex are being supplied to the foreign markets.
The regional import is machinery and equipment. The region also imports food items, petrochemical products, ferrous materials and metal ware.
The commodity circulation with foreign countries has risen for 43% and made 6000 mln. USD. Export - 4850 mln. USD. The rate of growth is 142%. Import has grown for 47% and made 1150 mln. USD.
The commodity circulation with CIS countries has risen for 11% and made 700 mln. USD. Export - 410 mln. USD. The rate of growth is 110%. Import has grown for 26% and made 290 mln. USD.
Lipetsk region conducts export and import operations with 80 countries. Italy, Turkey, Denmark, Germany, the USA and Ukraine are the main trade partners of the region. The turnover with that countries app. 70%.
The main enterprises - participants of the foreign trade of the region: JSC "NLMK", JSC "LMZ Svobodniy Sokol", corporation "Indesit International", corporation "Building machinery factory", JSC "Lebedyanskiy"are well known in the world.
Totally in 2008 more than 240 regional participants of foreign trade took part in foreign trade operations.
Dynamics of Lipetsk region export in 2003-2008,
US mln.
Dynamics of Lipetsk region foreign trade turnover in 2003-2008,
US mln.
Dynamics of Lipetsk region import in 2003-2008,
US mln.
