Search Results for “economy of saint petersburg”

Source: Economy of Saint Petersburg

St. Petersburg is a major trade gateway, financial and industrial center of Russia specialising in oil and gas trade, shipbuilding yards, aerospace industry, radio and electronics, software and computers; machine building, heavy machinery and transport, including tanks and other military equipment, mining, instrument manufacture, ferrous and nonferrous metallurgy (production of aluminium alloys), chemicals, pharmaceuticals, medical equipment, publishing and printing, food and catering, wholesale and retail, textile and apparel industries, and many other businesses.
10% of the world's power turbines are made here at the LMZ, which built over two thousand turbines for power plants across the world. Major local industries are Admiralty Shipyard, Baltic Shipyard, LOMO, Kirov Plant, Elektrosila, IIzhorskiye Zavody; also registered in St. Petersburg are Gazprom Neft, Sovkomflot, Petersburg Fuel Company, BaltGaz Group, and SIBUR among other major Russian and international companies.
St. Petersburg has three large cargo seaports: Bolshoi Port St. Petersburg, Kronstadt, and Lomonosov. International cruise liners are served at the passenger port at Morskoy Vokzal on the west end of the Vasilevsky Island. A complex system of riverports on both banks of the Neva River are interconnected with the system of seaports, thus making St. Petersburg the main link between the Baltic Sea and the rest of Russia through the Volga–Baltic Waterway.

The Saint Petersburg Mint (Monetny Dvor), founded in 1724, is one of the largest mints in the world, it mints Russian coins, medals and badges. St. Petersburg is also home to the oldest and largest Russian foundry, Monumentskulptura, which made thousands of sculptures and statues that are now gracing public parks of St. Petersburg, as well as many other cities. Monuments and bronze statues of the Tsars, as well as other important historic figures and dignitaries, and other world-famous monuments, such as the sculptures by Peter Clodt von Jürgensburg, Paolo Troubetzkoy, Pavel Antokolsky, and others, were made here.
Toyota is building a plant in Shuishary, one of the suburbs; General Motors and Nissan have signed deals with the Russian government too. Automotive and parts industry is on the rise here during the last decade. Saint Petersburg is known as a "beer capital" of Russia, due to the supply and quality of local water, contributing over 30% of the domestic production of beer with its five large-scale breweries including Europe's second largest brewery Baltika, Vena (both operated by BBH), Heineken Brewery, Stepan Razin (both by Heineken) and Tinkoff brewery (SUN-InBev). St. Petersburg has the second largest construction industry in Russia, including commercial, housing and road construction.
The federal subject's gross regional product as of 2021 was ₽9.44 trillion(€108 billion), ranked second in Russia, after Moscow.