ECONOMIC REVIEW

Advanced Northern Metropolis

St. Petersburg is the largest European city after Moscow and London. Its convenient location, economy and cultural component diversification make it possible to successfully raise investment.

Barometer of Economic Activities and Business Prospects in Russia ​
(JOINT SURVEY OF THE AMERICAN CHAMBER OF COMMERCE IN RUSSIA AND KPMG)

Favorable location

St. Petersburg can rightfully be called a logistics center, connecting Russia and Europe, due to combining the main directions. All transport types are provided by the city’s and region’s transport system, including maritime traffic.

369 km Tallinn - St. Petersburg

389 km Helsinki - St. Petersburg

720 km Moscow - St. Petersburg

 

Human potential

St. Petersburg is actively attracting human and intellectual resources, hereby creating the basis for successful innovative solutions due to a strong scientific school.

300 scientific organizations

186 000 scientists

25 000 candidates of science

8 000 doctors of sciences

 

Diversified economy

The largest Russian companies’ headquarters, including «Gazprom Neft», «Sovcomflot», «Sibur Holding», «Polymetal», «LSR Group», are located in St. Petersburg.

St. Petersburg’s industrial brands are widely known both in Russia and abroad: «Kirovsky Zavod» OJSC, «Izhorskiye Zavod» OJSC, «Siloviye Mashiny» OJSC, «Severnaya verf», «Baltic Shipyard», «Admiralty verfy», «Sredne-Nevsky Shipbuilding Plant», «Almaz».

Besides over 1000 foreign successfully operate in the city, including such largest international brands as «Toyota», «Nissan», «Hyundai», «Coca‑Cola», «PepsiCo» and others.

 

Investment infrastructure

Investment projects in the city are accompanied by the "One-Stop-Shop" front office principle, providing an understandable and operational procedure for interaction between business and the state.

Significant tax incentives and preferences for investors are provided with «strategic investment project» status, actual in St. Petersburg.

Foreign direct investment volume in 2018 in St. Petersburg approached 6.5 billion US dollars due to regular work and well-established cooperation mechanisms. The investments in fixed assets volume amounted to about 12 billion US dollars.