Dear partners!

The main goal of the regional investment policy is to create the most favorable conditions for starting and doing business, as well as the introduction of an effective system for attracting investment and supporting the projects. 

Our investment strategy clearly determines the priorities for regional development:
— investment infrastructure expansion;
— comprehensive support for business in the Republic of Altai, local businesses included;
— attracting investment flows to high-tech industries;
— creating clusters in the main economic sectors;
— accelerate the creation of high-performance workplaces;
— informational support and of investment activity and provision of qualified personnel.

The industries we particularly focus on include tourism, agriculture, food processing, biopharmaceuticals and spa vacation.

We count on your cooperation, which I am sure will be mutually beneficial. Improving the investment climate in the Republic of Altai is impossible without the participation of the business community. Working together, we will surely achieve tangible and sustainable results.

Head of the Republic of Altai
Alexander Berdnikov
 
  • Administrative center

    Gorno-Altaysk

  • Federal district

    Siberian

  • Distance to Moscow

    3137 km

    Moscow—Gorno-Altaysk — 4 hours 30 minutes

  • Timezone

    UTC+8/MSK+4

  • Population

    0.21 million people

    1.90% english speaking population

  • Area of the Region

    92,9 thousand sq km

 

Economic performance

  • Gross Regional Product

    33,09 billion
    ₽ 156,83 thousand per person
  • Foreign Direct Investment

    $ 0 million
    $ 0 per person
  • Fixed investment

    13,79 million
    ₽ 64 843 per person
  • Unemployment rate

    10,40 %
  • Percentage of profitable companies

    70,90 %
  • Average cost of living

    8 175
  • Average monthly wage

    22 598
Gross Regional Product
GRP per capita
Foreign Direct Investment
Fixed investment
Fixed investment per capita
Unemployment rate
Average monthly wage
Percentage of profitable companies

Geographical location and climate

Largest cities

  •  

    Gorno-Altaysk

    61,1 K people

 

Border countries

  • Mongolia
  • China
  • Kazakhstan
 
Sunny days Average annual rainfall
300 100 mm
Average January temperature Average July temperature
-16°С 17°С
Agricultural period Snow cover duration
5 months 5 months
Natural area
Mixed forest
Taiga
 

Natural resources

  • Mineral resources

    Gold
    308 tonnes
    Manganese
    50 million tonnes
    Tungsten
    140 thousand tonnes
  • Combustible resources

    Coal
    134.5 million tonnes
    Brown coal
    39 million tonnes
  • Other resources

    Water resources More than 20,000 watercourses with the combined length of more than 60 thousand km. The region has about 30% of the Western Siberia hydropower potential. The total length of 12,209 large and small mountain rivers is 42,277 km. There are about 7 thousand lakes in the region with the combined area of 700 sq. km. Huge reserves of fresh water are contained in the Altai glaciers.

    Forest resources Forests cover an area of about 40 sq. km and are estimated to contain 700 million cubic meters of timber, including 600 million cubic meters of softwood. Overall forest cover is 43%. Especially valuable are the pine forests, covering an area of 125 million hectares. Mature and overmature forests amount to about 300 million cubic meters of timber.

 
 

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