Dear Ladies and Gentlemen!

Today, the Republic of Komi has huge economic and human potential as well as unique opportunities for development.

At present the industry of the Republic is focused not only on the production of raw materials, but also on processing; we create new refineries and modernize existing ones. It is necessary to improve the competitiveness of both enterprises and the whole region.

The Government of the Komi Republic aims to provide the most favorable conditions for the production industry and the development of appropriate infrastructure.

We prioritize the task of making the state support investment and innovation organizations. As more and more funds from the state and federal budgets are directed to innovative projects, we are making changes to the investment law, aimed at reducing investment risks, and creating a legal framework for the implementation of public-private partnership projects. The list of tax benefits to investors expands every year.

Attractiveness of the investment image of our Republic is confirmed by leading international rating agencies, which believe that the Komi region has a stable and steadily-growing economy.



 

Head of the Komi Republic
Vyacheslav Gaiser
 
  • Administrative center

    Syktyvkar

  • Federal district

    Northwestern

  • Distance to Moscow

    1006 km

    Moscow—Syktyvkar — 1 hour 50 minutes

  • Timezone

    UTC+4/MSK

  • Population

    0.86 million people

    4.30% english speaking population

  • Area of the Region

    416,8 thousand sq km

 

Economic performance

  • Gross Regional Product

    490,74 billion
    ₽ 559,98 thousand per person
  • Foreign Direct Investment

    $ 316,30 million
    $ 366,10 per person
  • Fixed investment

    207,42 million
    ₽ 238 899 per person
  • Unemployment rate

    6 %
  • Percentage of profitable companies

    64 %
  • Average cost of living

    10 817
  • Average monthly wage

    40 222
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

  •  

    Syktyvkar

    259,4 K people

  •  

    Sosnogorsk

    119,8 K people

  •  

    Inta

    81,4 K people

  •  

    Vuktil

    52,9 K people

 
 
Sunny days Average annual rainfall
90 545 mm
Average January temperature Average July temperature
-12,7°С 22,9°С
Agricultural period Snow cover duration
4 months 6 months
Natural area
Forest-tundra
Taiga
Tundra
 

Natural resources

  • Mineral resources

    Aluminum
    331 million t
    Manganese
    1.565 million t
    Titan
    640 million t
  • Combustible resources

    Oil
    636.5 million t
    Coal
    7 billion t
  • Other resources

    Water resources The Komi Republic is in the zone of excess humidity. A significant predominant amount of atmospheric precipitation over evaporation, terrain features and geological structure is identified by increased waterlogging and a developed hydrographic network.

    Recreational Resources Specially protected natural areas of regional significance - 238.
    Protected areas of federal significance - 2

 
 

Report inaccuracy