Investment portal of leningrad region

Industry of the region continues to grow


The industrial production index of Leningrad region amounted to 107.3% in the first half of 2021.

According to Petrostat (the Federal State Statistics Service in Saint Petersburg and Leningrad region), over six months of 2021, the industrial production index of manufacturing enterprises amounted to 109% in comparison with the same period of 2020, provision of electric power, gas and steam – 102.2%.

“It is important for us that manufacturing enterprises with more than 80% share in the industry of Leningrad region show good results, including the growth of those industries which were in a difficult situation in 2020, for example, furniture enterprises and the manufacturers of electric equipment,” commented the Governor of Leningrad region Alexander Drozdenko.

In the first half of the year, the highest growth was in the production of textiles (145.2%), printing industry (144.1%), the manufacture of wood products and wood processing (143.8%), the production of beverages (141.8%), repair and installation of machines and equipment (131.3%), production of medicines and materials used for medical purposes (129%).

This year Leningrad region entered top 20 regions with the efficient implementation of industrial policy in the ranking prepared by the Ministry of Industry and Trade of the Russian Federation. The region occupied 14th place not only in terms of the high indices of economic development but also due to the measures of support for the industry taken at the appropriate time. For example, the region adopted the law on special investment contracts – SPIC 2.0 aimed at support for investors introducing modern technologies, the law on regional investment projects which stimulates the creation of new industrial enterprises and expansion of already existing ones, and the law on investment tax deduction which allows enterprises to renew fixed assets for the introduction of modern equipment.

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