Now in its 3rd successful edition the Guide represents 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.
The Nizhny Novgorod Region is rightfully called a land of unique opportunities.
Its advantageous geographical location, well-developed transport infrastructure, significant industrial and scientific potential, and highly qualified workforce suggest the Region’s strong economic and social potentials.
Some 45 million people live within 500 km from Nizhny Novgorod, with their purchasing capacity exceeding the national average by approximately 40%
– a unique figure even Moscow or St. Petersburg can’t boast. That means that
Nizhny Novgorod is an optimal point to open large centers for manufacturing
mass consumption goods.
Another top priority target defined in the strategy of the regional development
is to win the leadership in automotive construction and component manufacturing. New production facilities are established both at existing enterprises and on green field where completely new plants are constructed. According to estimates, the region is going to secure at least 25% of the Russian automotive construction market.
The Nizhny Novgorod Region ranked first in the nomination “Best Legislative
Environment for Investment” of the investment appeal rating of Russian regions assigned by Expert RA agency for the years 2005–2006. Fitch Ratings
awarded the Nizhny Novgorod Region long-term local and foreign currency
ratings B+ and short-term rating B. The Region also has long-term national
rating A(rus). The outlook on all long-term ratings is defined as stable.
The Investment Council established in 2006 has already reviewed over 900
investor applications. Some 800 investment projects have been approved and
their implementation started in the Region. Total capitalization of projects exceeds $20.3 billion; over 72,000 jobs with wage level above the national average are going to be created in the Region.
Investment as such does not end in itself. It is an instrument, and a very
effective one, to raise people’s life quality significantly. “The health of nations is
more important than the wealth of nations”, said Will Rogers, and this maxim
can be applied to territories, republics, and regions as well.
Such internationally renowned companies as Intel, Glaverbel, Coca-Cola,
Heineken, Ikea, Knauf, Metro, Wella, Gallina Blanca, Bericap, Freudenberg, and others are successfully working and developing in the Region.
It is a proof of the reliability and dependability of the Region, which has every opportunity to become one of the most attractive places in Russia for life,
business, and recreation, providing vast opportunities for self-actualization andself-development, including best career opportunities for most gifted, educated, and motivated people.
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