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The main industrial sectors of the Leningrad Region are fuel, oil refining, forestry, lumber, pulp and paper, chemical production, and engineering. Capital goods account for 85 percent of all the industrial production in the region.
 There are 300 basic industrial enterprises, most of which are corporations. The region's economy is close to St. Petersburg, and many regional enterprises were established as branches of the city's enterprises. Transmash, a former Kirovsky Zavod's plant in Tikhvin, is an example.
The region has substantial reserves of wood, rock products, turf, bauxites, oil shale, and phosphate rock.
The Leningrad Region has a developed network of roads, railways, river ports, and seaports.
The Leningrad Region government wants to expand the mutually advantageous economic links between enterprises and organizations in various regions. The government is ready to consider any proposals concerning the provision of most -- favored company treatment for industrial enterprises, organizations, and commercial structures if that would help them fulfil their mutual obligations.
Currently, attracting investment in the production sector is one of the most important tasks of the social and economic development of the Leningrad Region. Due to its unique geopolitical location, natural resources, productive and human potential, and investor-friendly legislation (which helps establish convenient legal and information on work conditions for investors) the Leningrad Region is one of the most promising regions in Russia for the development of investment.
 In 1994 and in 1997 -- 1999 the region passed a number of laws on state support and protection of investors. These include:
The Law on Privileged Taxation for Enterprises and Organizations in the Leningrad Region;
The Law on Investment Activities in the Leningrad Region (with amendments);
The Law on Tax Credits and Investment Tax Credits.
The Law on Leasing Activities is currently under consideration.
The Leningrad Region government has establishment an investment portfolio, which includes 100 large projects and 200 small and medium business projects. The region's total need of investment is no less than US$10 billion.
Within this section of our site, we have made an attempt to respond to a potential investor's need for information on legal and business conditions in the region, the order of investment project implementation, and accommodation procedures. This section offers lists of large and medium industrial enterprises in the Leningrad region and free production areas, as well as a directory of products made in the Leningrad Region, and some investment projects from various sectors. |
