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!
Vasily Bochkaryov
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Administrative center
Penza
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Federal district
Volga
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Distance to Moscow
556 km
Moscow—Penza — 1 hour 20 minutes
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Timezone
UTC+4/MSK
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Population
1.36 million people
2.20% english speaking population
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Area of the Region
43,4 thousand sq km
Economic performance
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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
Geographical location and climate
Largest cities
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Penza
523 K people
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Kuznetsk
85 K people
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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
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Mineral resources
- Clay
- 88.3 million m³
- Sand
- 16 million m³
- Macadam
- 112 million m³
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Combustible resources
- Turf
- 10.5 million t
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Other resources
Land resources
Forest resources