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Annual average rate of 2007:
1 USD ($ USD) = 29.39 rub.
1 EUR (€) = 41,42 rub.
Currencies exchange rates (as of 11.06.2010): 1 USD ($ USD) = 31.5742 rub.
1 EUR (€) = 38.0217 rub.
15.01.2010
Inflation 0.7% Изм. 0%
Gold and currency reserves 441.4 bln. USD
Oil Brent (ICE) 71.62 USD/ barrel
GDP II квартал 2009 год 9 326,4 bln. Rub.
Exports 24,5 Изм 1,8 bln. USD
Imports 15.5 Изм. 1.6 bln. USD
Fixed asset investments 01.07.09г. 621,7 Изм. -49.4 bln. Rub.
Consumer price index (as of 01.8 / 31.08.2009) 100 Изм. 0%
- for food commodities 99.1 Изм. - 1.5%
- for non-food products 100.6 Изм. - 0.2%
- for paid services rendered to the population 100.4 Изм. - 0.4%
Forecast rates on
1 USD ($ USD) = rub.
1 EUR (€) = rub.
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Nizhny Novgorod Region
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Area, km2:
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74 800
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Time zone:
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GMT+3
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Administrative center (city):
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Nizhny Novgorod
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Population (inhabitants):
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3 370,57
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Share of urban population (%):
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78,7
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Gross regional product, 2005 (million rubles):
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380 921.3
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Gross regional product per capita, 2005 (rubles):
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112 161.7
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Fixed capital investment, 2006 (million rubles) :
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84812
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Foreign direct investment, 2006 (thousands USD):
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48413
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Nizhny Novgorod Oblast (Russian: Нижегоро́дская о́бласть, Nizhegorodskaya oblast) is a federal subject of Russia (an oblast). Its administrative center is the city of Nizhny Novgorod. With a population of 1.3 million, Nizhny Novgorod is the largest city of the oblast and the fourth largest city of the Russian Federation, after Moscow, Saint Petersburg, and Novosibirsk.
The area is crossed by the Volga River. Apart from Nizhny Novgorod's metropolitan area, the biggest city is Arzamas. In the town of Sarov, there is the largest and holiest convent in Russia. Makaryev Monastery opposite the town of Lyskovo used to be location of the largest fair in Eastern Europe. Other historic towns include Gorodets and Balakhna, located on the Volga to the north from Nizhny Novgorod.
Nizhny Novgorod Region ranks seventh in Russia in industrial output, while the processing industry predominates in the local economy. More than 650 industrial companies employ nearly 700 000 people, or 62% of the workforce involved in material production. Industry generates 83% of the regional GDP and makes 89% of all material expenditures. The leading sectors are engineering and metalworking, followed by the chemical and petrochemical industries and the forestry, woodworking, and paper industries. The first three sectors account for about 75% of all industrial production.
Nizhny Novgorod Region has traditionally been attractive to investors. In 2002, Moody's rating agency confirmed a Caa1rating based on the region's long-term foreign currency liabilities
The region maintains trade relations with many countries and has an export surplus. The largest volume of exports goes to Ukraine, Belarus, Switzerland, Kazakhstan, Belgium, and France. Imports come mainly from Ukraine, Germany, Belarus, Kazakhstan, Austria, the Netherlands, China, and the United States.
The stock market infrastructure is quite well developed in Nizhny Novgorod, and the exchange business is expanding. Companies and organizations registered in the region include 1153 joint-stock companies, 63 investment institutions, 34 commercial banks, 35 insurance companies, 1 voucher investment fund, 1 investment fund, 17 nongovernmental pension funds, 2 associations of professional stock market dealers, and 3 exchanges (stock, currency, and agricultural). Nizhny Novgorod Region is noted for having relatively highly developed market relations. Today, the region needs serious partners interested in equitable, long-term, mutually beneficial partnerships.
There are 650+ industrial companies in the region[2], most of them engaged in the following sectors:
Machine-building and engineering
Chemical & petrochemical
Fuel & energy,
Ferrous and non-ferrous metallurgy ,
Construction materials ,
Glass ,
Wood and paper ,
Cloth-making ,
Food & food processing ,
Medical & pharmaceuticals ,
Printing & publishing.
These key industries are supplemented by other sectors of the economy such as agriculture, trade, services, communications and transport.
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Contact information
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Region's website
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Governor
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Valery Shantsev
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Investment projects of the region:
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Back to the list of regions
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