Belgorod's active investment policy aims to attain strategic objectives of economic modernization and industrial area renovation, its diversification contributes to favorable investment climate and makes the region an optimal place for different branches of production.

Among effective methods of capital and investments attraction are favorable organizational and economic conditions of business management. In order to create a favorable investment climate, the government of Belgorod realizes the following strategies to provide the most comfortable conditions for its investors: creating a favorable investment climate: assignment of land plots for industrial objects creation, priority development of electric power systems, regional tax regulations improvement, state support and project management implementation.

On the basis of state credits (guarantees) of Belgorod and public property of Belgorod measures were taken to attract credit resources by investors for the participation of funds of regional budget in the authorized capital of open joint stock market entities. Some of our top priorities are the development of electric power systems in the region, constant cooperation with the suppliers of gas and electricity, a raise in the amount of investments support aimed at the engineering infrastructure development under terms of co-financing, the use of funds of investors, and gas and electricity supply organizations, which provide the connection of pipelines and networks.

Governor of Belgorod region
Yevgeny Savchenko
 
  • Administrative center

    Belgorod

  • Federal district

    Central

  • Distance to Moscow

    576 km

    Moscow—Belgorod — 1 hour 20 minutes

  • Timezone

    UTC+4/MSK

  • Population

    1.55 million people

    3.70% english speaking population

  • Area of the Region

    27,1 thousand sq km

 

Economic performance

  • Gross Regional Product

    569,41 billion
    ₽ 369,14 thousand per person
  • Foreign Direct Investment

    $ 236,20 million
    $ 152,60 per person
  • Fixed investment

    120,39 million
    ₽ 77 871 per person
  • Unemployment rate

    4 %
  • Percentage of profitable companies

    73,50 %
  • Average cost of living

    6 842
  • Average monthly wage

    23 895
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

  •  

    Belgorod

    373,5 K people

  •  

    Stariy Oskol

    220,8 K people

  •  

    Gubkin

    87,6 K people

 

Border countries

  • Ukraine
 
Sunny days Average annual rainfall
75 500 mm
Average January temperature Average July temperature
-8°С 20°С
Agricultural period Snow cover duration
6 months 4 months
Natural area
Forest-steppe
Steppe
 

Natural resources

  • Mineral resources

    Iron
    67,5 billion tonnes
    Aluminum
    115 million tonnes
    Limestone
    1 billion tonnes
  • Combustible resources

    Turf
    7 million tonnes
  • Other resources

    Land resources All agriculturally used areas make 2713,4 thousand hectares. A significant part of them (more than 70%) is black soil.

 
 

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