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The Altai Territory

The Altai territory is a subject of the Russian Federation. It borders on the Novosibirsk and Kemerovo oblasts, the Altai republic. Besides the Altai territory has a border with Eastern Kazakhstan. Its total area is 168 thousand square kilometers. As of January 1, 2007, the population was 2523,2 thousand people. The Altai territory has two major landscape types: mountains – in the east; steppe – in the west. Much Altai area is covered by forests, mostly coniferous forests. Mineral recourses are rich in polymetallic and iron ores, nickel, cobalt, common salt, soda, coal, precious metals. The climate is continental.

The governmental center of the Altai Territoryis Barnaul (population: 649,6 thousand people.) Situated in the north-central quadrant, it sits on the bank of the beautiful Ob River. Barnaul is located 3419 km southeast of Moscow.

 

 

Labor potential: The economically active population is 1,3 mln people (This accounts for more than 50% of total regional population)

Market infrastructure:

  • There are 8 independent and 43 branches of credit institutions in the Altai Territory.
  • Eight independent insurance companies are headquartered here.
  • 54 branches (or representative offices) of non-local companies are also located in the region.
  • The Altai Territory serves as home to 20 leasing companies.
  • Stock listing and registered specialist activities are handled by one independent institution and 6 branches from other regions.
  • There is one Moscow non-state pension fund and one independent non-state pension fund here.
  • There are 4 housing cooperatives.
  • More than 60 consumers’ credit cooperatives and more than 20 agricultural credit cooperatives
  • More than 70 organizations rendering consultation services in the economic, audit and management spheres.
  • More than 10 large real estate agencies.
  • More than 30 organizations providing valuation activity.
  • The Altai Fund for Support of Small Business.
  • Altai Chamber of Commerce and Industry (unites 290 enterprises and organizations).

Also: public organizations uniting the interests of businessmen, industrialists, builders, investors, grain processors, appraisers, auditors, vendors, educational and research institutions, insurance and financial intermediaries.

Gross Regional Product structure:

Industry – 19,1 %, farming and forest management – 19,6%, transport and communication lines – 9,4%, distribution and retail trade – 19,5%, other kinds of activities – 32,4%.

Foreign economic activity:

Foreign trade partners – companies from more than 80 countries of the world.

Foreign trade turnover – 898,8 mln dollars: export – 595,5 mln dollars, import – 303,3 mln dolars

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