Dear Investors!

The Pskov Region is famous for its great history and vast prospects for economic development. It possesses a number of competitive advantages, including a beneficial geographic location on the border with three states – the EU countries Estonia and Latvia and the Republic of Belarus, a member of the Commonwealth of Independent States.

The Pskov Region is distinguished by its well-developed transportation and engineering infrastructure. The network of roads and railways crossing the region connects it with the following major economic centers: Moscow, St. Petersburg, ports of Russia, and the Baltic states. Moreover, our region has a huge industrial, economic, and scientific potential as well as human resources; and it is considered to be one of the largest traditional cultural centers in Russia.

Our strategic goal is to develop investment processes in these priority-oriented directions: industrial, agricultural, tourist, transport, and logistic sectors of economy 

The regulatory and legal framework of investment activity improves from year to year, remaining targeted towards supporting business focused on investing financial resources into various sectors of the economy. Major investment projects implemented in this region cover such spheres of development as pig breeding, aviculture, compound feed industry, tourism, transport logistics, and many more.

The Pskov Region is ready for perspective cooperation with potential investors!

Governor of Pskov region
Andrey Turchak
 
  • Administrative center

    Pskov

  • Federal district

    Northwestern

  • Distance to Moscow

    611 km

    Moscow—Pskov — 2 hours

  • Timezone

    UTC+4/MSK0

  • Population

    0.65 million people

    3.60% english speaking population

  • Area of the Region

    55,4 thousand sq km

 

Economic performance

  • Gross Regional Product

    114,25 billion
    ₽ 173,35 thousand per person
  • Foreign Direct Investment

    $ 13,80 million
    $ 21,20 per person
  • Fixed investment

    29,51 million
    ₽ 45 134 per person
  • Unemployment rate

    6,50 %
  • Percentage of profitable companies

    59,70 %
  • Average cost of living

    8 518
  • Average monthly wage

    21 004
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

  •  

    Pskov

    206,7 K people

  •  

    Velikiye Luki

    96,5 K people

  •  

    Ostrov

    20,6 K people

  •  

    Nevel

    15,4 K people

 

Border countries

  • Belarus
  • Estonia
  • Latvia
 
Sunny days Average annual rainfall
73 550 mm
Average January temperature Average July temperature
-7°С 21°С
Agricultural period Snow cover duration
4 months 4 months
Natural area
Mixed forest
Taiga
 

Natural resources

  • Mineral resources

    Limestone
    55024 thousand cubic m
    Sand
    94051 thousand cubic m
    Clay
    44535 thousand cubic m
  • Combustible resources

    Turf
    564 million t
  • Other resources

    Forest resources Rated wood cutting - 5675,2 thousand cubic m, i.a. 2444,7 cubic m leased out

    Water resources 3700 lakes 3261 sq km in area (therefrom Lake Peipus is 2100 sq km in area), upward of 15000 rivers (the central are the Velikaya and the Shelon rivers)

 
 

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