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Economy of Saint Petersburg


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(Monetny Dvor), founded in 1724, is one of the largest mints in the world, it mints Russian coins, medals and badges. Saint Petersburg is also home to the oldest and largest Russian foundry, Monument skulptura, which made thousands of sculptures and statues that are now gracing public parks of Saint Petersburg, as well as many other cities. Monuments and bronze statues of the Tsars, as well as other important historic figures and dignitaries, and other world famous monuments, such as the sculptures by Peter Clodt von J�rgensburg, Paolo Troubetzkoy, Pavel Antokolsky, and others, were made there.

Nevsky Prospect plays a central role in the city's commerce

In 2007, Toyota opened a Camry plant after investing 5 billion dollars in Shushary, one of the southern suburbs of Saint Petersburg. Opel, Hyundai and Nissan have signed deals with the Russian government to build their automotive plants in Saint Petersburg too. Automotive and auto-parts industry is on the rise there during the last decade.

The Saint Petersburg International Economic Forum is a major Russian investment forum

Saint Petersburg is the location of a significant brewery and distillery industry. It is known as the "beer capital" of Russia, due to the supply and quality of local water, contributing over 30% of the domestic production of beer with its five large-scale breweries including Europe's second largest brewery Baltika, Vena (both operated by BBH),Heineken Brewery, Stepan Razin (both by Heineken) and Tinkoff brewery (SUN-InBev).

The city has a lot of local distilleries which produce a broad range of vodka brands. The oldest ones is LIVIZ (founded in 1897). Among the youngest is Russian Standard Vodka introduced in Moscow in 1998, which opened in 2006 a new $60 million distillery in Petersburg (an area of 30,000 square meters, production rate of 22,500 bottles per hour. In 2007 this brand was exported to over 70 countries.

Saint Petersburg has the second
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