Ladies and Gentlemen!

As the governor of the Penza Region, I welcome and propose to you a brief review of its economic and cultural life. I count on future collaboration with the business community and the whole business world.

A developing and distinctive Russian region, Penza possesses considerable industrial, scientific, and research potential; highly qualified specialists; and a base for construction industry. Large areas are available for agriculture. All these factors determine our future.

Our past experience shows us that the economic development and the quality of life for every citizen depend on our own production development as well as domestic and foreign investments. Political stability, social concord, favorable legislation, and tax climate contribute greatly to attracting new investors in the region. Among important factors of mutually beneficial cooperation, we point out convenient geographical and even geostrategic location, developed transport infrastructure, and modern telecommunications.

Great investment opportunities are concentrated in mechanical engineering and instrument-making industries. Investments are especially promising in chemical, textile, and clock manufacturing; the development of new types of compressors and valves; diagnostic; measuring and sensing equipment; and consumer goods. Investment in pharmaceutics and small enterprises may also be very efficient. There are great possibilities for extensive cooperation.

The Penza Region is rich with cultural traditions. We have a unique environment, wide network of holiday homes and health resorts, picturesque recreation, and hunting and fishing zones. There are plenty of historic and architectural monuments and museums. Visiting our places of interests provides everyone with unforgettable impressions about the Penza Region.

We look forward to seeing you both as kind guests and as business partners!

Governor of Penza region
Vasily Bochkaryov
 
  • Administrative center

    Penza

  • Federal district

    Volga

  • Distance to Moscow

    556 km

    Moscow—Penza — 1 hour 20 minutes

  • Timezone

    UTC+4/MSK

  • Population

    1.36 million people

    2.20% english speaking population

  • Area of the Region

    43,4 thousand sq km

 

Economic performance

  • Gross Regional Product

    270,85 billion
    ₽ 198,48 thousand per person
  • Foreign Direct Investment

    $ 44,10 million
    $ 32,50 per person
  • Fixed investment

    83,69 million
    ₽ 61 623 per person
  • Unemployment rate

    4,60 %
  • Percentage of profitable companies

    57,90 %
  • Average cost of living

    6 839
  • Average monthly wage

    22 392
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

  •  

    Penza

    523 K people

  •  

    Kuznetsk

    85 K people

  •  

    Zarechny

    63,9 K people

 
 
Sunny days Average annual rainfall
80 560 mm
Average January temperature Average July temperature
-7°С 25,7°С
Agricultural period Snow cover duration
6 months 3 months
Natural area
Forest-steppe
Mixed forest
Steppe
 

Natural resources

  • Mineral resources

    Clay
    88.3 million m³
    Sand
    16 million m³
    Macadam
    112 million m³
  • Combustible resources

    Turf
    10.5 million t
  • Other resources

    Land resources

    Forest resources

 
 

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