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Growth of investments in the region

Record rate of investment growth in Leningrad region

Over the first six months of 2017 more than 106 billion rubles were invested in the economy of Leningrad region, which is 25% more than in the same period of 2016. Thus, Leningrad region again demonstrates a record in terms of the rate of investment growth.

In January-June of the current year the volume of investments in fixed capital of medium-sized and large organizations came to 95.5 billion rubles (120.7% by January-June 2016). The companies which have invested more than 1 billion rubles in development of production include Gazprom Invest, Kinef, Eurochem-SZ, Phosphorit, Nokian Tyres, Leningrad Regional Electric Grid Company. 27.8% of the total volume of investments was directed to manufacturing industries, 27.3% – to logistics, 19.3% – to provision of electric power, gas.

The main source of financing for investments were attracted funds (56.2%), 43.8% of the total volume of invested funds were own financial assets of enterprises.

“Progressive growth of the volume of investments in fixed assets of enterprises of Leningrad region proves that the region has created favourable business climate. It is worth mentioning that along with new the residents coming to the region, already operating enterprises are also actively developing. On the whole this means that regional economy is reviving,” said Vice-Chairman of the Government of Leningrad region – Chairman of the Committee for Economic Development and Investment Activity Dmitry Yalov.

 

Reference

According to the results of the first six months of 2016 the volume of attracted investments to the economy of Leningrad region came to 87.4 billion rubles, by the end of the year the volume of investments came to 262 billion rubles. 

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Economic Development Agency of Leningrad Region

 

Address: 64 B Malookhtinsky avenue, office 402, Saint Petersburg, 195112, Russia

Phone: + 7 (812) 644 01 23

Fax: +7 (812) 644 01 23 (ext. 2042)

invest@lenreg.ru 

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