Investment portal of leningrad region

Regional economy is growing on investments

25-08-2021

The volume of investments in Leningrad region has grown by 4.8% in the first half of 2021.

According to Petrostat (Federal Statistics Service in Saint Petersburg and Leningrad Region), the growth of investments in the first half of 2021 amounted to 104.8% in comparison with the similar period of 2020. In monetary terms, the volume of investments in the regional economy amounted to 139.5 billion rubles.

Large and medium-sized enterprises invested 127 billion rubles in the regional economy, this index has also grown in comparison with the similar period of the previous year – by 17.4%.

“The growth of investments is connected, first of all, with the launch of the largest gas processing project in Ust-Luga and the continuation of the implementation of large projects in Kingiseppsky, Volkhovsky, Vsevolozhsky and other districts. We expect that due to the announced projects and agreements signed during SPIEF our economy will be consistently showing positive results in the coming years,” commented the Governor of Leningrad region Alexander Drozdenko.

Kingiseppsky district became a leader among the districts in terms of the volume of investments over the first half of the year – here the growth by 407.9% is connected with the transition to the active investment phase of the project of the Complex for processing ethane-containing gas. The volume of investments amounted to 29.7 billion rubles. The second place in terms of the growth rate belongs to Volkhovsky district – 196.3% in comparison with the similar period of 2020, and in terms of the volume of investments – Vsevolozhsky district with 16.6 billion rubles. The third place in terms of the growth rate belongs to Kirovsky district – 179.5%, and in terms of the volume of investments – Vyborgsky district with 8.5 billion rubles.

The following companies have made investments over 1 billion rubles since the beginning of the year: RusKhimAlyans, EuroChem North-West-2, Ultramar, Novatek-Ust-Luga, Volkhov branch of Apatit (PhosAgro), Gazprom Invest West, Leningrad Nuclear Power Plant, Rosseti Lenenergo, Philip Morris Izhora, Nokian Tyres, etc.   

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