The Smolensk Region is located in the center of the East European Plain and is part of the Central Federal District. It borders Belarus in the south-west, west and north-west.
The region is one of the most important transport and communication hubs — 35% of Russian cargo and 75% of cargo coming from Europe to Russia passes through the region.
The dominant economic activities of the region are:
- chemical production;
- jewelry industry;
- agriculture and agro-industrial complex;
- transport and logistics;
The main factors of investment attractiveness of the region include:
- unique geographical location and developed engineering infrastructure;
- large sales opportunities for products produced in the region, including exports to Europe;
- prospects in the implementation of energy-intensive projects (the energy complex of the Smolensk region generates 4 times more electricity than the region consumes);
- modern investment infrastructure: two state industrial parks, the territory of advanced socio-economic development and a Special Economic Zone.