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 775 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
The volume of foreign direct investment in 2020 – US $1,152 million
By the volume of foreign direct investment, the Nizhny Novgorod Region is the 1st and the 14th among all Russian regions
Nizhny Novgorod takes 1st place in Russia in terms of quality of life – 2020 (according to the Numbeo international research portal)
The average monthly wage in 2020 – RUB 37,601 per month (+32.4% for the last 5 years)
(Higher than the average for the Volga Federal District)
In 2020, the level of officially registered unemployment in the Nizhny Novgorod Region is 3.2%
The minimum wage in 2020 is RUB 10,833
In 2020, the volume of construction work was RUB 192.8 billion (3rd place in the Volga Federal District)
5,992 buildings with 16,596 comfortable apartments constructed with a total area of nearly 1.48 million sq. m (the 3th place by the commissioned housing in the Volga Federal District)
The volume of housing construction in 2020 vs. the previous year is 104.7%
In 2020, retail trade turnover amounted to RUB 756 billion (the 3rd place in the Volga Federal District and 9th place in Russia)
The volume of paid services to the people amounted to RUB 171.8 billion (the 3rd place in the Volga Federal District and 9th place in Russia)
6th place in the National rating of investment climate 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”)
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
13th place in the rating 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 136rd place in the world rating “Quality of Life Index - 2020”, St. Petersburg takes the 187th position, Moscow – the 194th position)
Top 10 regions of Russia for quality of life
Top 20 of the National rating of investment climate 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”)
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
15th place in the rating 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 rating 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 182nd position, Moscow – the 191st 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.