General Characteristics of the Region’s Economy

Favorable economic and geographic location of the Rostov region, developed transportation infrastructure, high availability of labor resources, absence of social tensions have historically defined the position of the region as one of the largest in the South of the country centre of diversified industry, developed agriculture, science and culture.  

In terms of gross regional product the region is included in the top 15 regions of Russia.

In 2012 the rates of gross regional product growth increased by 2,5% (according to Rostovstat) compared to 2011, with average russian growth rate 3,1%.  The growth was achieved due to faster growth of manufacturing activity, construction, wholesale and retail, transportation and communications.   

In 2013 the rates of gross regional product growth increased by 3,5% compared to 2012 (according to Ministry of economic development of the Rostov region),with average russian growth rate 1,3%. 

Rostov region is open to mutually beneficial cooperation and welcomes constructive business offers from local and foreign investors, which will facilitate development, integrity and welfare of both the Rostov region and Russia as a whole.

3/11/2010 10:22:11 AM|
8/11/2011 3:10:04 PM|
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344050, Rostov-on-Don, str. Socialisticheskaya, 112