Kingisepp municipal district is one of the most dynamic and growing self-governed districts in the Leningrad Region, boasting a solid economy.
The district is a highly industrialized one with a growing share of manufacturing industries in its output of goods and services: from 52% in 1999, it increased to 74% today but Kingisepp’s industrial potential has a lot more mileage.
Drawing on local natural resources, the district’s highly diversified industry features the following core sectors:
The chemical industry is centered around manufacturers of mineral fertilizers and coagulants.
The food industry consists of a number of fish and meat packers, liquor distilleries, bakeries and dairies.
The glass industry is exemplified by a factory producing glass packaging for the food industry.
Other industries include clothes-making, ferrous metallurgy, construction supplies, and a few others.
The district’s industries boast a number of prize-winning outputs, some of which are listed among Russia’s Top 100 Products. The district’s traditional Russian favorites - vodka and seafood preserves, have a retail presence in almost every Russian province.
The district’s agriculture is strong in dairy farming. Two of local farms are mentioned among Russia’s Top 100 in their respective fields.
Another dynamic industry is transportation. Sea transportation has recently been joined by watercraft as the Luga Inlet Port on the Gulf of Finland launched its new coal and timber terminals, e a railway-and-car ferry line linking Luga with Kaliningrad and German ports. Having a federal dimension, that project receives funding from the federal coffers.
Investment in corporate fixed assets shows a growth trend in the district with the bulk of investment committed to the new docks, ferry line and selective manufacturing industries. Major manufacturing companies operating in the district pursue their own investment agendas in a bid to upgrade and retool their production facilities.
Sound economic growth makes sure the district has one of the lowest official unemployment rates in the Leningrad Region, running at only 1,2% as of January 1, 2008. The number of employees in the district economy has increased 16% in the past five years.