Today Tuesday, 28 March | English RSS PDA AAA Version for visually impaired
Economy of area

The regional industry is multi-sectoral and includes about 200 large and medium-sized enterprises. The largest industrial enterprises are JSC NLMK, CSC Indesit International, JSC Svobodny Sokol Lipetsk Metallurgical Plant, JSC Yeletsgidroagregat and JSC Lebedyan Construction and Finishing Machinery Plant. The largest food processing enterprises are JSC Lebedyansky, JSC Lipetskkhlebmakaronprom, JSC Roshen Lipetsk Confectionery Plant, Dankov Meat Processing Plant, Lipetsk Ice Cream Factory and others.

Lipetsk Region leads in manufacturing household refrigerators and freezers, washing machines, cultivators, concrete mixing machines, cold-rolled sheet steel, oxygen converter steel, cast iron, rolled ferrous metal products, standard steel and coke. JSC Svobodny Sokol is the only manufacturer of the centrifugal-cast ductile iron pipes in Russia and CIS countries. Almost one third of the Russian population consumes "Ya", "Fruktoviy Sad" and "Tonus" juices brands manufactured in Lebedyan. Lipetsk ice cream is successfully sold both in Russia and in Western Europe.

AGRICULTURAL COMPLEX

Agriculture is a priority constituent of the economy of Lipetsk region. It includes about 200 agricultural enterprises, 1,2 thousand country farm enterprises and individual businessmen, more than 200 thousand personal farmsteads, 365 enterprises for manufacture of foodstuff and 116 agricultural consumers' cooperative societies.

The area of farmland makes over 1,9 million hectares (75 % of all land), of which arable lands make 1,5 million hectares (80 % of farmland), 35 thousand hectare of the territory of the region is allotted for the long-term green plantings. Prevailing types of soils are chernozems, they occupy over 85 % of agricultural grounds. Having only 1,5 % of all-Russian arable land, the region makes 3 % of the Russian volume of grain, meat and meat products, 4 % of macaroni and 5 % of confectionery, 6 % of mineral water, 9 % of sugar, 30 % of fruit-and-vegetable canned food and juice.

The basic directions of agricultural production are: manufacture of grain, sugar beet and potato, horned cattle cultivation, swine breeding, poultry farming.

There develops the manufacture of high-energy agricultural crops such as rape, corn. Much effort has been concentrated on the development of the meat and dairy industries, and special attention has been given to the creation of family dairy minifarms.

Seed-growing inm Lipetsk region has became a detached branch and the basis of plant growing. In Lipetsk region the leading positions in plant-breeding are taken by the All-Russia Scientific Research Institute of Rape" (original, elite grades), and the betterment of foreign sorts and the selection of hybrids to the fullest answering to the Russian weather conditions and natural requirements are performed by the "Souffle-Zerno-Rus" (France) and JSC "KWS-RUS" (Germany). The experimental station organized by the KWS-RUS has become the center of advancement of modern technologies of cultivation of agricultural crops which integrates modern experience, trains the heads and experts of the agrarian sector of Russia and Eastern Europe countries.

STRUCTURE OF GROSS REGIONAL PRODUCT

In the structure of the gross regional product of Lipetsk region (300 bln. Roubles) the share of the manufacturing activity makes more than 50%.

AVERAGE ANNUAL STRUCTURE OF THE GROSS REGIONAL PRODUCT

  • Manufacturing activity - 51%
  • Construction - 6%
  • Transport and Communication - 5%
  • Agriculture - 7%
  • Wholesale and Retail - 10%
  • Real Estate transactions - 5%
  • Other Types of Economic Activities - 16%

Participants of the foreign economic activities established trade relations in export with 49 countries and in import with 70 countries.

Leading foreign trade partners of the Lipetsk Region are Italy, Turkey, Germany, Denmark, Ukraine, USA and China.

China accounts for 26%, Italy for 13% and Germany for 10% of the imported machines.

LEADING FOREIGN TRADE PARTNERS OF LIPETSK REGION ARE ITALY, TURKEY, GERMANY, DENMARK, UKRAINE, USA AND CHINA.

<<<

Lipetsk Region Leads in Economic Development

Position of Lipetsk region in the Russian Federation
and Central Federal District in 2010

Indicator Central Federal District Russian Federation
GRP per capita (2009) 4 21
Manufacturing output per capita 1 2
Gross agricultural output per capita 4 11
Investments per capita 1 15
Foreign investments per capita 4 15
New residential housing per capita 3 5
Retail turnover per capita 4 25
Salaries per capita 4 34
Average monthly salary 8 45
Employment rate 1 3

Lipetsk Region traditionally obtains highest ratings of reputable international and Russian rating agencies, both among the regions of the Central Federal District and, in general, in the Russian Federation.

International rating agencies have assigned their international and national credit ratings to Lipetsk Region since 2003.

In October 2010, Standard & Poor's assigned to Lipetsk Region its BB long-term credit rating and ruAA national credit rating, outlook "Stable". High liquidity ratios and balanced financial and debt management has helped maintaining these rankings for a number of years.

Lipetsk Region tops the list of the most investment attractive regions prepared by "Expert Rating Agency" for the period 2009 - 2010. Lipetsk Region has been taking leading positions for 8 years and winning for 3 years in a row. The region has also won a special Sustainably Low Investment Risk nomination and received two second awards for the best social climate and high efficiency of public administration.

<<<

1 Lipetsk Region Cultural Heritage Development and Preservation 2009-2013 Resolution No. 260 of Lipetsk Regional Administration dated October 01, 2008
2 Educational Modernization in Lipetsk Region 2009-2011 Resolution No. 270 of Lipetsk Regional Administration dated October 08, 2008
3 Development of Innovative Activity of Lipetsk Region 2011-2015 Resolution No. 43 of Lipetsk Regional Administration dated February 17, 2011
4 Development of Beef Cattle Breeding in Lipetsk Region 2009-2012 Resolution No. 249 of Lipetsk Regional Administration dated July 13, 2009
5 Social Development of Rural Areas 2009-2012 Resolution No. 280 of Lipetsk Regional Administration dated October 21, 2008
6 Comprehensive Crime Prevention Program in Lipetsk Region 2009-2012 Resolution No. 248 of Lipetsk Regional Administration dated September 24, 2008
7 Comprehensive Drug Abuse and Trafficking Prevention Program 2009-2012 Resolution No. 240 of Lipetsk Regional Administration dated September 18, 2008
8 Civil Protection in Lipetsk Region 2009-2012 Resolution No. 242 of Lipetsk Regional Administration dated September 18, 2008
9 Road Traffic Safety in Lipetsk Region 2009-2012 Resolution No. 241 of Lipetsk Regional Administration dated September 18, 2008
10 Corruption Counteraction in Lipetsk Region 2009-2012 Resolution No. 257 of Lipetsk Regional Administration dated September 30, 2008
11 Automation of State Land Cadastre and Real Property Registration 2009-2011 Resolution No. 274 of Lipetsk Regional Administration dated October 09, 2008
12 Agricultural Development and Agricultural Market Regulation in Lipetsk Region 2009-2012 Resolution No. 275 of Lipetsk Regional Administration dated October 09, 2008
13 Development of Agricultural Consumer Cooperatives in Lipetsk Region 2010-2012 Resolution No. 322 of Lipetsk Regional Administration dated September 09, 2009
14 Lipetsk Population: Maintenance Strategy 2009-2014 Resolution No. 272 of Lipetsk Regional Administration dated October 09, 2008
15 Social Infrastructure Development and Modernization in Lipetsk Region 2009-2012 Resolution No. 330 of Lipetsk Regional Administration dated September 23, 2010
16 Improvement of State Civil Service in Lipetsk Region 2009-2013 Resolution No. 269 of Lipetsk Regional Administration dated October 08, 2008
17 Social Rehabilitation and Reintegration of Former Prisoners in Lipetsk Region 2009-2012 Resolution No. 220 of Lipetsk Regional Administration dated June 23, 2009
18 Production Development in Lipetsk Region 2009-2012 Resolution No. 265 of Lipetsk Regional Administration dated October 08, 2008
19 Small and Medium Business Development in Lipetsk Region 2009-2012 Resolution No. 243 of Lipetsk Regional Administration dated September 18, 2008
20 Forest Maintenance in Lipetsk Region 2009-2012 Resolution No. 266 of Lipetsk Regional Administration dated October 08, 2008
21 Mineral Resources Mining and Preservation in Lipetsk Region 2009-2012 Resolution No. 232 of Lipetsk Regional Administration dated September 11, 2008
22 Housing Construction Development in Lipetsk Region 2009-2013 Resolution No. 264 of Lipetsk Regional Administration dated October 08, 2008
23 Environment Protection in Lipetsk Region 2009-2012 Resolution No. 233 of Lipetsk Regional Administration dated September 11, 2008
24 Sports and Fitness Development in Lipetsk Region 2009-2013 Resolution No. 252 of Lipetsk Regional Administration dated September 24, 2008
25 Patriotic Education in Lipetsk Region 2009-2013 Resolution No. 249 of Lipetsk Regional Administration dated September 24, 2008
26 Young People in Lipetsk Region 2009-2013 Resolution No. 250 of Lipetsk Regional Administration dated September 24, 2008
27 Health Care Improvement in Lipetsk Region 2009-2013 Resolution No. 271 of Lipetsk Regional Administration dated October 08, 2008
28 Civil Society Development 2009-2012 Resolution No. 234 of Lipetsk Regional Administration dated September 15, 2008
29 Road Construction in Lipetsk Region 2009-2012 Resolution No. 268 of Lipetsk Regional Administration dated October 08, 2008
30 Labor Safety Improvement 2009-2011 Resolution No. 273 of Lipetsk Regional Administration dated October 09, 2008
31 Improvement of Budget and Costs Planning in Lipetsk Region 2011-2013 Resolution No. 32 of Lipetsk Regional Administration dated February 10, 2011
32 Voluntary Resettlement Assistance for Fellow-Countrymen Living Abroad 2007-2012 Resolution No. 84-ps of Lipetsk Regional Deputy Council dated December 19, 2006
33 State Housing Support for Young Families 2011-2015 Resolution No. 480 of Lipetsk Regional Administration dated December 28, 2010
34 Mortgage Lending 2011-2015 Resolution No. 479 of Lipetsk Regional Administration dated December 28, 2010
35 Private Housing 2011-2015 Resolution No. 478 of Lipetsk Regional Administration dated December 28, 2010
36 Labor Market Improvement 2011 (Additional Measures) Resolution No. 1 of Lipetsk Regional Administration dated January 12, 2011
37 Waste Disposal in Lipetsk Region 2011-2013 Resolution No. 21 of Lipetsk Regional Administration dated January 31, 2011
38 Health Care Modernization in Lipetsk Region 2011-2012 Resolution No. 97 of Lipetsk Regional Administration dated March 30, 2011
39 Accessible Environment 2011-2015 Resolution No. 156 of Lipetsk Regional Administration dated May 13, 2011

<<< Back

??????? Orphus