A very favourable geographical position in the south of Russia, between the European part of the CIS and the Caucasus Mountains, has encouraged the dynamic development of Rostov Region. The abundance of also has played an important role in the region’s economic advancement.
Main competitive advantages of Rostov region
- favourable geographic location
- geo-political significance in Russia
- well-developed transportation infrastructure (railroads and highways of federal significance, 2 local and 3 international ports, international airport in the city of Rostov on Don)
- abundant mineral and natural resources (moderate continental climate, humus soils make 65% of agricultural land)
- well-developed industry, mainly mechanical engineering sector
- rich raw material potential for processing industry
- skilled and efficient manpower
- dynamic banking and insurance systems
- normative and legal regulations making the region investment friendly
- high consumer demand
- stable social and political situation
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2005
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2006
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2007
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2008
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2009
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2010
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Gross Regional Product of the Rostov region (million rubles)
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263051,5
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340012,5
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450434,7
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576386,1
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548662,5*
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629499,3*
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* by initial estimate
24.06.2011