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Economic development of the region

Leningrad region maintains its economic leadership

During the investment message at a session of the Council on Large Business the Governor of Leningrad region Alexander Drozdenko said that the region has carried out a five-year plan of economic development within three years.

“In 2017 the gross regional product of the region almost came to 1 trillion rubles. This is a really huge sum. And according to the forecasts of social and economic development we expected to reach it only by 2020,” said the head of the region.

Alexander Drozdenko noted that Leningrad region continues to maintain its leadership in terms of the growth of investments in fixed capital. According to the results of 2017 the region occupied the 6th place among the subjects of the Russian Federation in terms of the volume of foreign investments which came to 2.4 billion dollars. The total volume of investments exceeded 285 billion rubles by the end of 2017.

Setting economic trends for short-term and long-term perspective, the Governor noted the necessity of further digitalization of business processes, introduction of new technologies, including in the system of public administration. The head of the region paid special attention to training of highly qualified personnel able to work at production plants created under Industry 4.0 standards.

“They should be trained at the most modern equipment, under the most innovative programmes. We are going to establish a competence centre in the region which will be working according to WordSkills standards and training highly professional employees for developing economy,” added Alexander Drozdenko.

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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)




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