Dear Colleagues,

An important priority of our economic policy is the development of our agro-industrial complex. Small and medium-sized businesses are actively involved in its implementation; and we'd like to see big business involved too, particularly in the establishment of modern production facilities for processing agricultural products. A large field in the application of forces and resources for this category of entrepreneurs consists of resorts and recreation complexes.

With regard to transport, communications, trade and other areas of public service, there has long been a strong position occupied by SMB representatives; and we expect them to work effectively towards the development of these socially-important industries.

The government of the Republic continues to create the most favorable conditions for business development, for investment, and for the establishment of new industries. We are focused on improving business climate and strengthening the legal safeguards for the property.

Welcome to Kabardino-Balkaria!

Sincerely, Head of Kabardino-Balkaria Yuri Kokov
 
  • Administrative center

    Nalchik

  • Federal district

    North Caucasian

  • Distance to Moscow

    1428 km

    Moscow—Nalchik — 2 hours

  • Timezone

    UTC+4/MSK

  • Population

    0.86 million people

    2.40% english speaking population

  • Area of the Region

    12,5 thousand sq km

 

Economic performance

  • Gross Regional Product

    113,23 billion
    ₽ 131,87 thousand per person
  • Foreign Direct Investment

    $ 29,10 million
    $ 33,80 per person
  • Fixed investment

    27,04 million
    ₽ 31 459 per person
  • Unemployment rate

    9,50 %
  • Percentage of profitable companies

    60,80 %
  • Average cost of living

    7 357
  • Average monthly wage

    20 323
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

  •  

    Nalchik

    264,8 K people

  •  

    Prokhladny

    58,2 K people

  •  

    Baksan

    57,3 K people

 

Border countries

  • Georgia
 
Sunny days Average annual rainfall
200 550 mm
Average January temperature Average July temperature
-8°С 20°С
Agricultural period Snow cover duration
9 months 1 month
Natural area
Mixed forest
 

Natural resources

  • Mineral resources

    Tungsten
    600 thousand tonnes
    Gravel
    230 million m3
    Sand
    27 million m3
  • Other resources

    Recreational Resources

 
 

Report inaccuracy