Economy of the region

The main share in the volume of industrial production of Murmansk Region belongs to mining industry and metallurgy, fishing industry:

  • «Kolsk Mining and Metallurgical Company» JSC  (Monchegorsk, Zapolyarniy, Nickel) — production of nickel and refined copper;
  • «Apatit» JSC (Apatity, Kirovsk) — production of apatite and nepheline concentrates;
  • «Northwestern Phosphoric Company» JSC (Koashva, Kirovsky district) - production of apatite and nepheline concentrates;
  • «Kovdorsky Mining and Processing Integrated Plant» JSC — production of apatite, baddeleyite and iron ore concentrates;
  • Subsidiary of «SUAL" JSC "KAZ-SUAL"» (Kandalaksha) — production of primary aluminum;
  • «Olenegorsky GOK» JSC  (Olenegorsk) - production of iron ore concentrate;
  • «Murmansk Trawler Fleet» JSC (Murmansk) — fishing industry.

Projects on creation of new and modernizations of existing operating industrial enterprises are held. For example, construction of a mining enrichment integrated plant «Oleniy ruchey» («Northwestern Phosphoric Company» JSC) and development of platinoids  field of «Fedorova Tundra» («Fedorovo Risorses» JSC).

On the territory of «82 SZR» JSC (Roslyakovo urban-type settlement) it is planned to create a modern coastal base with the developed transport infrastructure and possibility of compact placement of objects necessary for effective and timely development of the shelf. The initiator of the project is  «Rosneft» JSC.

It is possible to look at the list of industrial and investment platforms of Murmansk Region on the investments map.

Foreign investors do business in Murmansk region for a long time. For example, Norwegian companies work in oil and gas sphere, logistics, tourism, fishing industry:

Parameter 2011 2012 2013
Index of industrial production (%) 99,3 100,8 102,1
Volume of investment into fixed capital (billion rubles) 55,9 72,4 79,6*
Demography (people) 794077 787948 780401
Coefficient of fixed assets updating (%) 3,9 3,9 4,6*
Turnover of products(services) made by small enterprises, including microenterprises, and individual enterprises (thousand rubles) - 137422700 155136486

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Marina Kovtun

The governor of the Murmansk region

+7 (8152) 486-201

News

30.12.2016  14:44

Results of Federal Program "You are an Entrepreneur" were summed up in the Murmansk region in 2016

The Government of the Murmansk region with the support of the Federal Agency for Youth Affairs (Rosmolodezh) and the Ministry of Economic Development has implemented successfully the Federal Programme for the Development of Youth Entrepreneurship "You are an entrepreneur" since 2014.

26.12.2016  14:43

Extraordinary meeting of the Project Office was held

An extraordinary meeting of the Project office (working group) on monitoring the results of implementation of the Standard of Executive Authority Activity of the Russian Federation to ensure favorable investment climate in the Murmansk region and the implementation of the National rating of investment climate in the Murmansk region was held on 23 December, 2016 and chaired by the Deputy Minister of Industrialization and Enterprise Development of the Murmansk region.

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