Saint Petersburg is one of the most actively developing regions in Russia. It has an enormous investment potential. The main advantages of Saint Petersburg are its profitable geopolitical position, its developed and diversified economy, and its efficient transportation network. Furthermore, the professional personnel and intellectual resources of the city attract foreign investors. These are valuable resources for making the innovations and industry development.

Located on the shore of the Baltic Sea, Saint Petersburg is contiguous with countries of the European Union. Among European cities Saint Petersburg occupies the third position in terms of the population (5 million people) and comes right after Moscow and London. 

Saint Petersburg is one of the most important economic centres of the Russian Federation. Various international companies operate in Saint‑Petersburg such as Coca‑Cola, PepsiCo, Wrigley, Kraft Jacobs, Gillette, Bosch und Siemens Hausgerate GmbH, Knauf, Lucent Technologies, Sungwoo Hitech, Foxconn, Alcan Packaging, OTIS, British American Tobacco, Toyota, General Motors, Nissan, Hyundai, Scania and many others.

Moreover, a number of widely‑known industrial brands from Saint Petersburg operate on the international markets. Among those are Kirovsky Zavod; The Izhorskie Plants; the Joint Stock Company “Power Machines”; as well as enterprises for military and civil shipbuilding: The Northern Shipyard, the Baltic Plant, and the Admiralty Shipyards.

Such Russian both state and private companies as the navigation company “Sovkomflot”, oil company “Gazprom Neft”, the largest petrochemical holding in Russia “Sibur Holding”, the mining company “Polymetall”, the power‑machine building company “Power Machines”, and the most important Russian brewery company “Baltica”, together with many others, have their headquarters in Saint Petersburg.

Furthermore, Saint Petersburg is one of the most important transport centers and is located on the intersection of the transport routes connecting Scandinavia and Europe as well as central regions of Russia and the countries of the Baltics. One of the largest ports of the Russian Federation, the seaport of Saint Petersburg, processes 65% of the entire exports of the country. Saint Petersburg “Pulkovo Airport” makes it possible to get to European countries in less than 2.5 hours.

Saint Petersburg has been included in the list of the world heritage sites of UNESCO, and is an important European center of tourism. Each year more than 5 million tourists visit Saint Petersburg.

Governor of Saint Petersburg
Georgiy Poltavchenko
 
  • Administrative center

    Saint Petersburg

  • Federal district

    Northwestern

  • Distance to Moscow

    696 km

    Moscow—Saint Petersburg — 1 hour 10 minutes

  • Timezone

    UTC+3/MSK

  • Population

    5.19 million people

    13.80% english speaking population

  • Area of the Region

    1,4 thousand sq km

 

Economic performance

  • Gross Regional Product

    2 496,55 billion
    ₽ 491,45 thousand per person
  • Foreign Direct Investment

    $ 7 912,10 million
    $ 1 523,90 per person
  • Fixed investment

    502,62 million
    ₽ 97 372 per person
  • Unemployment rate

    1,40 %
  • Percentage of profitable companies

    70,20 %
  • Average cost of living

    8 479
  • Average monthly wage

    40 697
Gross Regional Product
GRP per capita
Foreign Direct Investment
Fixed investment
Fixed investment per capita
Unemployment rate
Average monthly wage
Percentage of profitable companies

Geographical location and climate

Largest cities

  •  

    Saint Petersburg

    5131 K people

 

Seas

  • Baltic Sea

Border countries

  • Finland
 
Sunny days Average annual rainfall
72 625 mm
Average January temperature Average July temperature
-4,6°С 22,1°С
Agricultural period Snow cover duration
5 months 3 months
Natural area
Mixed forest
 

Natural resources

  • Mineral resources

    Sand
    Gravel
  • Other resources

    Water resources

 
 
 
 

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