Nizhny Novgorod is one of the biggest industrial centres of Russia, known in more than 100 countries worldwide. The economy of Nizhny Novgorod represents a diversified complex where basic and supporting branches are balanced. Such diversification provides stability of Nizhny Novgorod economy and a wide range of opportunities for its development.
The manufacturing industries form the basis of the city economy, transport means and equipment production being the dominating sectors. The main manufacturing sectors also include food industry, production of electric, electronic and optical equipment, chemical production, machine-building and equipment manufacturing. These branches compose 95% of all the city's industry.
Nizhny Novgorod has a capacious consumers’ market. Its rates sustainably grow in all the basic commodity groups.  Within a radius of 500 km from Nizhny Novgorod there live 43 mln. people, within a radius of 1000 km – 84 mln. people. Thus our potential trade area goes beyond the similar ones of  Moscow and Saint-Petersburg.

In the Russian market many Nizhny Novgorod enterprises are the largest and the only producers (suppliers) in the fields of their activity and serious players in the international market. Thus, Ltd. «MK «GAZ Group» is the leading producer of light commercial vehicles (about 50% of the Russian market) for small and medium business, medium trucks, components for automobile industry and various spheres of economy.
The plant produces light commercial vehicles «GAZelle Next» and «Sobol», medium trucks «Valday» and GAZ, off-road cars «Sadko» and «Vepr», and also auto components (PowerTrain systems, control systems, body elements, equipment, and details of forge production, iron and nonferrous casting). Ltd. «Managing Company «GAZ Group» conducts continuous work on producing own advanced development. So, in 2014 the enterprise began production of light commercial vehicle of the new generation GAZon Next, which brought the company to Russian and foreign markets. GAZ Group cooperates with the leaders of the global automotive industry, like Volkswagen and Daimler in production of passenger cars Љkoda Octavia, Љkoda Yeti, Volkswagen Jetta and commercial vehicles Mercedes-Benz Sprinter on the plant production facilities. There were opened joint ventures with the European producers of auto components – companies Bosal and Bulten. Joint projects with leading international car producers allowed to renovate production facilities and guarantee training of the employees according to the best international practices and standards used in the global automotive sector.
The Nizhny Novgorod aircraft plant «Sokol» is well known in the field of aircraft industry. The plant produces fighters «MiG», multi-purpose combat-capable trainer aircraft of Air Forces and light civil planes.
JSC «Hydromash» keeps leading positions in production of landing gears for planes (80% of all aircraft factories requirements) and helicopters (100% of all requirements) in Russia.
The company is involved in development and production of landing gears and hydraulic units for almost all new Russian aircrafts, including the fifth-generation fighter Т-50, new passenger aircraft МС-21, and multipurpose helicopter Ка-62. JSC «Hydromash» is integrated into world aircraft industry and cooperates with leading aviation producers from Germany, Italy and France. It delivers equipment for such planes as «Airbus», «Embraer», «Global Express», helicopter «Agusta». The plant is the only supplier of titanic blocks for a managing system of plane spoilers for «Airbus» А380 in Russia, it continues participation in perspective international projects - «Airbus» А350XWB and «Bombardier C-series».
About 85% of all planes of the Russian Federation and CIS countries are equipped with products of OJSC «GZAS of A.S.Popov» (Gorky Plant of Equipment and Communications). The enterprise carries out production, maintenance, repair and modernization of aviation and land radio stations of MF and HF ranges, aviation modules of radio communication complexes, plane intercoms and speech notification equipment.
One of the largest Russian enterprises producing and developing ships is the plant «Krasnoe Sormovo», which specializes on construction of dry-cargo ships and tankers.
Nizhny Novgorod shipbuilding industry is also represented by hydrofoils, speedboats and hovercraft. This technology is developed and implemented in “The Central Constructional Bureau on Hydrofoils Named after Alekseev”.
JSC «Nizhpharm» is the third pharmaceutical enterprise in Russia, one of the leading medicine producers in CIS and Baltic countries. JSC «Nizhpharm» is a part of STADA CIS (Russian holding company forming a part of STADA Arzneimittel AG international group that unites leading companies of domestic pharmaceutical market - JSC «Nizhpharm», LLC «MAKIZ-FARMA» and LLC «Hemofarm»). JSC «Nizhpharm» is the modern complex situated on 11,5 thousand square meters in Nizhny Novgorod producing ointments, creams, suppositories, liniment, tablets.
Medicines are produced on modern high-technology equipment from high-quality raw materials on the basis of the latest technologies. In addition to development of generic medications specialists of this holding company together with the leading research-and-development centers of Russia and CIS countries are occupied with clinical trials and innovative medicinal products development in the most important therapeutic areas of medicine.
Other largest Nizhny Novgorod enterprises: OJSC «Nizhny Novgorod Machine Building Plant», OJSC «Nizhny Novgorod Television Plant», JSC «Nizhny Novgorod Scientific and Research Institute of Radio Techniques», federal state unitary enterprise «Nizhny Novgorod Scientific and Research Institute of Measuring Systems named after U.E.Sedakov», JSC «Afrikantov Experimental Design Bureau for Mechanical Engineering», JSC «RUMO», OJSC «Normal», JSC «Krasnuy Jakor», JSC «Nizhny Novgorod Mayonnaise and Fats Company», JSC «Sormovo Sweets Plant» and others. Economic contacts are established between Nizhny Novgorod industrial enterprises and more than 100 foreign countries.

Due to the progressive legislative base, financial and non-financial measures of support foreign investors enjoy favourable conditions for business development in Nizhny Novgorod and the Nizhny Novgorod region. Financial measures of support are tax remissions, investment tax credits, partial compensation of credit interest rate and rental fee exemption. Non-financial measures of support consist of consulting, organization and information services for investors.
Such foreign companies as Askona, Banca Intesa, Visus-1, Rosbank Societe Generale Group,  Volga Consult, IKEA, Kelly Services, Knorr-Bremse Rus, Intel Corporation, Lear Corporation, KPMG, Liebherr, Raiffesenbank, Rettenmaier Rus Produktion, RusVinil, Trosifol,  Heineken,  STADA, Schlemmer Rusland, ERGO Rus, Unilin and others work in Nizhny Novgorod.

The economic development of Nizhny Novgorod is characterized by a stable and sustained growth of all main rates.

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