The Republic of Kalmykia is a part of the Southern Federal District and the Southern Macroregion and is located in the extreme south-east of the European part of Russia.
Kalmykia is characterized by a multicultural economy with a predominance of agriculture.
The transport system of the republic includes road, rail, and air transport.
The dominant economic activities of the region are:
The Republic of Kalmykia has developed a Strategy for the socio-economic development of the Republic of Kalmykia for the period up to 2030. The draft Strategy-2030 defines priority areas of development in order to create a favorable environment for human life and activity and the development of entrepreneurship.
The main factors of investment attractiveness of the Republic of Kalmykia include:
favorable geographical location;
resource potential, including renewable energy resources;
the uniqueness of the landscape, the availability of recreational resources for the development of specialized types of tourism, the unique ethno-cultural potential;
the availability of an educational complex that can meet the needs of the economy in highly qualified personnel;