Michail Teodorovich

Deputy Governor.
Director of the Economy and Forecasting Department

Nizhny Novgorod occupies a distinctive place in Russia.

Not only from the point of viewof the geography and geopolitics. And not only in the economy. It inherited from its ancestors a very unconventional, quick-minded, vigorous and enterprising folk.

Our people are indeed differ a lot from those of other regions and exactly this people build our main fortune.

And exactly for this reason the role of Nizhny Novgorod in the Russian economy will grow. Here, in Nizhny Novgorod land, the most challenging projects and ideas are being shaped and they turn up to be feasible and pragmatic.

These initially seemed incredible ideas provide people with steady jobs and solid money flow tothe budget.

It becomes plain that this is not just simple mind-games of smart individuals.

The technologies these ideas are brining in are multiplied throughout Russia. Remaining still one of the major defence industrycentres, Nizhny finds its place in other areas andsectors of the economy.

This is one of the largest higher education centre.

The agile cultural and intellectual life here did not withdraw even in the hard period of the economic collapse.

The share of intellectual products (e.g. analytical developments, research, new technologies) in the total scope of economic activities is always increasing.

Exactly the human potential, mentality of our people, good genetic type, good infrastructure inherited from the past - all this allows to look positively into the future.

I am sure that Nizhny Novgorod will preserve its attraction to the modern cultivated business people for their investments and business development.

Issue N5 | Nizhny Novgorod Business Encyclopedia

Parsek
Nizhny Novgorod
1998