Nizhny Novgorod, founded in 1221, is located 400 km eastward from Moscow at the confluence of the two rivers: the Volga and the Oka. Nizhny Novgorod covers an area of 41,1 thousands hectares, the population amounts to 1.3 mln. citizens. It is the administrative centre of the Nizhny Novgorod Region – one of the biggest regions located in the European part of Russia. At the same time Nizhny Novgorod is the centre of the Volga Federal District which integrates 14 subjects of the Russian Federation.
Nizhny Novgorod is located on the junction of the major railway, air, river, pipeline and automobile lines and is included in two trance - European corridors, originating in Scandinavia and Germany. Russian railway connects central, northern and northwestern regions of Russia with Ural and Siberia. An immediate vicinity to the Russian capital (439 km) is an additional logistic advantage of setting up a business in Nizhny Novgorod.
Nowadays Nizhny Novgorod is one of the most dynamically developing Russian cities with a great investment potential. The beneficial geographical location, diversified economic system, huge human and intellectual potential of the city attract investors from all over the world. According to the federal and regional laws on investment activity promotion, investors can get financial and nonfinancial government support.