The Republic of Mordovia is located in the center of the European part of Russia, in the Volga River basin.
The socio-economic development of the republic in 2019 was characterized by positive dynamics of the main macroeconomic indicators, which was ensured by the implementation of measures to ensure the stability of the economy, increase its efficiency and competitiveness through the development and creation of new highly efficient, innovative industries, improve conditions for attracting investment, and solve social problems aimed at human development.
The dominant economic activities of the region are:
The mission of the Strategy of Socio-economic Development of the Republic of Mordovia is to form an innovation and technological hub of the interregional electrotechnical cluster.
Taking into account the economic specialization of the region that developed at the previous stage of development, the existing socio-economic situation and macroeconomic trends, as well as the long-term development objectives of the Russian Federation, the main goal of the region’s development is to increase the competitiveness of the territory through the innovative sector of the economy and improve the quality of life of the population.
The Government of the Republic of Mordovia is actively working to create a favorable investment climate in the region and increase its investment attractiveness.