Lipetsk Region

Lipetsk Region

The Lipetsk Region is situated in the center of European Russia, 370 km south of Moscow (the distance between Moscow and Lipetsk is 450 km). It borders with the Kursk, Oryol, Tula, Ryazan, Tambov and Voronezh regions. 

Area: 24,000 sq km
Population: 1,171,000 people
Capital: — Lipetsk (pop. 508,000)
Large cities: Yelets (pop. 108,000), Gryazi (pop. 46,000)
GRP: — RUB 254.7 billion in 2010

Key sectors of the regional economy

Steelmaking and metalworking
Mechanical engineering
Petrochemical industry
Domestic appliances
Construction materials

International rankings and investment climate

Fitch Ratings:

  • Long-term BB rating in foreign and national currency, outlook stable
  • Short-term B rating in foreign currency
  • Long-term national AA-(rus) rating, outlook stable

Standard & Poors:

  • Long-term BB credit rating
  • National ruAA rating, outlook stable