The most comprehensive compilation of data for all regions of Russia.
A unique 1370 page information resource with full colour charts, graphs & maps from CTEC Publishing LLC, completely revised for 2008 and available in Print, or Regional PDF files.
Regional Details -
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Introduction by Head of Region
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Economic Map of Region
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General -
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Administration Contacts
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Economic Potential – GRP volume, industrial output, fuel and energy, transportation, main natural resources
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Trade Opportunities – Main goods, main exports, main imports, major regional import/export agencies
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Investment Environment – Capital investments, major enterprises, foreign investment, most attractive industry sectors, existing legislation, regional entities responsible for raising investments, regional and federal economic and social development programs
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Regional Investment Projects
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Book Additional
Appendices Articles -
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Analysis of Tax System
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Foreign Investment Legislation
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Delineation of Powers
in the field of foreign trade between the Government of the Russian Federation and regional governments. |
Basket Total:
Russian Union of Industrialists and Entrepreneurs
Russia: All Regions Trade and Investment Guide - a Project of the Council for Trade and Economic Cooperation (Russia - USA).
Republic of Karelia £20
Sergey Katanandov,
HEAD OF THE REPUBLIC OF KARELIA
HEAD OF THE REPUBLIC OF KARELIA
The Republic of Karelia boasts abundant natural resources: timber, granite, marble, iron ore, titan, vanadium, molybdenum, mica, and shungite. Besides,
it is advantageously situated near industrially developed central regions
of Russia and Western Europe. These obvious advantages make Karelia attractive for investors. We are open for cooperation with both Russian and foreign companies and entrepreneurs.
The defining components of Karelia’s economy are industrial production and
those activities that use local natural resources (mining and quarrying, pulp and paper, wood processing), as well as some sectors using non-local raw materials, e.g. Machine engineering and non-ferrous metals production. The Republic accounts for 8.4% of all iron ore mined in Russia, 36.4% of total Russian output of paper, 3.8% of pulp, 6.1% of commercial timber, 4% of sawn timber, 61.2% of paper sacks, and 70% of Russian cage-grown trout.
Turning its geographic location to its advantage, the Republic actively builds international relationships. The social and economical life of the Republic is dominated by its external economical activities. Over 50% of the Republic’s products are exported.
The Republic’s progress is confirmed by the fact that at the end of December
2006, the Fitch Ratings agency assigned Karelia an A (rus) national rating with a positive outlook. This proves that, according to experts, Karelia is actively developing rather than just maintaining the same level of production, wages, and social security.
The Republic has close business relationships with investors from Moscow,
St. Petersburg and other cities and regions of Russia and CIS countries; areas of such business cooperation include extraction and processing of stone.
The Republic has a great potential for development of tourism. Karelia is famous for internationally renowned historical sites, such as Kizhi, Valaam, and the Onega and White Sea petroglyphs. The northern Ladoga area of Karelia is often called the Karelian Switzerland. Thousands of rivers and lakes, waterfalls and rapids, unique historical, cultural, geological, and recreational sites, natural preserves, and the famous Martial Waters spa (established during the reign of Peter the Great) create a unique environment for rest and recuperation.
I am confident that the opportunities for mutually beneficial collaboration
are not limited to the above. Attracting investment into the Republic’s economy is considered a priority task for the Karelian government. We actively use all possible methods for supporting both Russian and foreign investors. The program named Investment Policy of the Government of the Republic of Karelia for 2003–2006 was successfully completed in 2006. The main goal of the program was achieved: investment volume was doubled compared to the previous 4-year term. Now we have developed and are implementing a new program named Main Areas of Investment Policy of the Government of the Republic of Karelia for 2007–2010, the main goal of which is to ensure that the Republic, its economy, and its territories should have a strong appeal for investors, which will result in attracting planned amounts of investment, and achieving the planned economic and social results, such as improvement of quality of economic growth, enhancement of communal services infrastructure, increase of the population’s incomes and of employment
rate, and achieving the goals set forth in national projects.
Welcome to Karelia!
it is advantageously situated near industrially developed central regions
of Russia and Western Europe. These obvious advantages make Karelia attractive for investors. We are open for cooperation with both Russian and foreign companies and entrepreneurs.
The defining components of Karelia’s economy are industrial production and
those activities that use local natural resources (mining and quarrying, pulp and paper, wood processing), as well as some sectors using non-
Turning its geographic location to its advantage, the Republic actively builds international relationships. The social and economical life of the Republic is dominated by its external economical activities. Over 50% of the Republic’s products are exported.
The Republic’s progress is confirmed by the fact that at the end of December
2006, the Fitch Ratings agency assigned Karelia an A (rus) national rating with a positive outlook. This proves that, according to experts, Karelia is actively developing rather than just maintaining the same level of production, wages, and social security.
The Republic has close business relationships with investors from Moscow,
St. Petersburg and other cities and regions of Russia and CIS countries; areas of such business cooperation include extraction and processing of stone.
The Republic has a great potential for development of tourism. Karelia is famous for internationally renowned historical sites, such as Kizhi, Valaam, and the Onega and White Sea petroglyphs. The northern Ladoga area of Karelia is often called the Karelian Switzerland. Thousands of rivers and lakes, waterfalls and rapids, unique historical, cultural, geological, and recreational sites, natural preserves, and the famous Martial Waters spa (established during the reign of Peter the Great) create a unique environment for rest and recuperation.
I am confident that the opportunities for mutually beneficial collaboration
are not limited to the above. Attracting investment into the Republic’s economy is considered a priority task for the Karelian government. We actively use all possible methods for supporting both Russian and foreign investors. The program named Investment Policy of the Government of the Republic of Karelia for 2003–2006 was successfully completed in 2006. The main goal of the program was achieved: investment volume was doubled compared to the previous 4-
Welcome to Karelia!
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