Northwestern economic region
Encyclopedia
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Romanization of Russian
Romanization of the Russian alphabet is the process of transliterating the Russian language from the Cyrillic alphabet into the Latin alphabet...

.: Severo-Zapadny ekonomichesky rayon) is one of twelve economic regions of Russia
Economic regions of Russia
Russia is divided into twelve economic regions —groups of federal subjects sharing the following characteristics:*Common economic and social goals and participation in development programs;*Relatively similar economic conditions and potential;...

.

Composition

  • Leningrad Oblast
    Leningrad Oblast
    Leningrad Oblast is a federal subject of Russia . It was established on August 1, 1927, although it was not until 1946 that the oblast's borders had been mostly settled in their present position...

  • Novgorod Oblast
    Novgorod Oblast
    Novgorod Oblast is a federal subject of Russia , located between Moscow and Saint Petersburg. Its administrative center is the city of Veliky Novgorod. Some of the oldest Russian cities, including Veliky Novgorod and Staraya Russa, are located there...

  • Pskov Oblast
    Pskov Oblast
    Pskov Oblast is a federal subject of Russia . Pskov Oblast borders the countries of Estonia and Latvia, as well as Belarus. It is the westernmost federal subject of contiguous Russia . Its major cities are the administrative center Pskov and Velikiye Luki . Area: 55,300 km²...

  • federal city of St. Petersburg
    Saint Petersburg
    Saint Petersburg is a city and a federal subject of Russia located on the Neva River at the head of the Gulf of Finland on the Baltic Sea...


Socio-economic indicators

With its Baltic port and proximity to Finland, this region and its chief city St. Petersburg have always been a Russian window on the west. Its history is very different from that of Moscow and other parts of the Russian Federation. This is reflected in the positive outlook of many residents. The evaluation of the current economy is unusually high by Russian standards, and so to is the expectation of life improving. The region is also a magnet for student seeking higher education.

While nominal income is well below the national average, to a significant extent this is compensated by the fact that the likelihood being paid is well above the national average. Moreover, those finding life bearable are also well above the national average.
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