Nizhny Novgorod Enterprises Increased Investments to 383 Billion Rubles

The volume of investments in fixed assets of companies in the Nizhny Novgorod region amounted to 383.1 billion rubles in 2020, which is 20.6 per cent more than in the previous 12 months, the press service of the regional government reports with reference to the governor Gleb Nikitin.  

It is specified that the growth of investment activity was in most cases in the manufacturing industry, the production of petroleum products and medicines, as well as in metallurgy. To date, there are 13 residents working in the territories of advanced social and economic development (TASED) in Volodarsk, Reshetikha, and Sarov, for whom there are zero tax rates on land and property of the organization. In 2021, the number of these residents is planned to be increased. According to Nikitin, applications for the implementation of projects for a total amount of about 600 million rubles are already being prepared.

Ru-Main, 07.03.2021 

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