the 3rd place in the Volga Federal District
the 5th place by population in Russia
Nizhny Novgorod Region includes 26 municipal districts, 15 urban and 11 municipal districts. The administrative center of the region is Nizhny Novgorod.
The largest cities in the region:
ETHNIC STRUCTURE
The Nizhny Novgorod Region is a multi-ethnic region, where representatives of more than 100 people and ethnic groups live (according to the 2010 census).
The Nizhny Novgorod region is characterized by a multiconfessional population. More than 770 religious organizations are registered in the Nizhny Novgorod Region.
KEY BUSINESSES
The industrial potential of the Nizhny Novgorod Region is made up of the largest enterprises in the automotive, engineering, metallurgy, chemistry and petrochemistry, defense and nuclear industries.
THE NIZHNY NOVGOROD REGION’S INDUSTRY IN THE TOTAL RUSSIAN PRODUCTION
Nizhny Novgorod takes 1st place in Russia in terms of quality of life – 2019 (according to the Numbeo international research portal)
The average monthly wage in 2019 – RUB 35, 692 per month (+ 35% for the last 5 years)
In 2019, the level of officially registered unemployment in the Nizhny Novgorod Region is 0.4% (the lowest in the Volga Federal District - the 1st place; the 2nd place in Russia)
The minimum wage is RUB 9,699
In 2019, the volume of construction work was RUB 180.9 billion (3rd place in the Volga Federal District)
5,648 buildings with 17,089 comfortable apartments constructed with a total area of nearly 1.4 million square meters (the 4th place by the commissioned housing in the Volga Federal District)
The volume of housing construction in 2019 vs. the previous year is 104.3%
In 2019, retail trade turnover amounted to RUB 780.7 billion or 101.3% in comparable prices vs. 2018 (the 10th place in Russia)
TOP-10 regions with the maximum investment potential
Rating of the region’s investment climate – 2A (“medium potential” and “minimal risk”)
Investment attractiveness rating – “IC 3” (“high level of investment attractiveness”)
15th place in the ranting of Russian regions (out of 85) by the quality of life
Nizhny Novgorod was recognized as the most comfortable city for living in Russia (the 123rd place in the world rating “Quality of Life Index - 2019”, St. Petersburg takes the 187th position, Moscow – the 194th position)
Fitch Ratings
Long-term rating in national and foreign currencies – “BB” with a stable outlook
Long-term international rating in national currency – “Ba3” with a stable outlook
Rating of the region’s investment climate – 2A (“medium potential” and “minimal risk”)
Investment attractiveness rating – “IC 3” (“high level of investment attractiveness”) (1 of 3 regions of the Volga Federal District)
16th place in the ranting of Russian regions (out of 85) by the quality of life
Nizhny Novgorod was recognized as the most comfortable city for living in Russia (the 109th place in the world rating “Quality of Life Index - 2019”, St. Petersburg takes the 182th position, Moscow – the 191th position)
Nizhny Novgorod is a leader in the ranking of the most promising cities in Russia. The magazine conducted research of changes in the quality of life and cultural events over the past 10 years.
Long-term rating in national and foreign currencies – “BB” with a stable outlook
Long-term international rating in national currency – “B1” with a positive outlook
Rating of the region’s investment climate – 2A (“medium potential” and “minimal risk”)
The Nizhny Novgorod Region was among the TOP-20 of leaders of the “Rating of Regions by Quality of Life - 2017”, taking the 14th place in the rating of Russian regions by the quality of life
Long-term rating in national and foreign currencies – “BB-” with a stable outlook
Rating of the region’s investment climate – 2A (“medium potential” and “minimal risk”)
The Nizhny Novgorod Region was among the TOP-20 of leaders of the “Rating of Regions by Quality of Life - 2016”, taking the 14th place in the rating of Russian regions (out of 85) by the quality of life
According to the survey, the Nizhny Novgorod Region was among the top 7 regions of the Russian Federation, which German business considers the most attractive in terms of investments.