Lipetsk area

Geographical location
Lipetsk region was founded on 6 January 1954. It situated in the central part of the East-European plain. Climate is temperate continental with cold winter and warm summer. Almost all rivers belong to the basin of the Don. The biggest rivers are the Don and the Voronezh. Lipetsk region has reserves of limestone, sand, clay, peat, timber, water and fish resources, mineral fields.
Lipetsk region occupies an advantageous geographic position, because located in the crossing of the most important transport roads. This position and considerable natural resource potential are major factors of social-economic development.

Administrative division
Centre of the region is Lipetsk. The region is divided into 18 districts, 8 towns, 5 town settlements, 299 village administrations.
Population is 1244.8 thousand people, in town - 63.5% (793.3 thousand).
Density of population - 51.9 persons per sq. km.

Economics
Lipetsk region possesses economic potential, the base of which is industrial production (60% of gross regional product). Leading industrial branches are ferrous metallurgy, machine-building. Power engineering, food industry, industry of building materials, chemical, textile are also developed. In the region there are 247 big and small enterprises.
Grains (wheat, rye, buckwheat), sugar beet, sunflower are grown in the region. Beef-breeding, vegetable- and fruit-growing are developed.
Unique opportunities for successful investment activity are created by:

• high purchasing capability of population;
• low rate of unemployment;
• stable political situation.