Tver is a wonderful city for living, doing business and developing industry. It is located on the Volga River between the two largest cities of Russia, which also raises the rating in economic and trade terms. It is precisely because of the advantageous position of the enterprise that Tver successfully flourishes and develops.
Industry
The industrial sector is one of the leading sectors in the economy of Tver. It occupies almost 40% of the industrial sector of the entire region. A large share is occupied by engineering, which is the main one in the urban sector of industry. Machine building is represented in Tver by the enterprise of the Tver Carriage Works OJSC, which is engaged in the production of wagons for locomotives.
Also, food is considered one of the leading industries in the city of Tver, but there is high competition in this industry due to the proximity of the Moscow region. Despite the decline of the economy after the collapse of the Soviet Union, the chemical industry is also booming in the region. The list of Tver enterprises in this area is also quite large, it includes Sibur-PETF OJSC, which is engaged in the production of polyethylene terephthalate, the Chemistry Institute, as well as factories that are engaged in the production of plastics, paints and other polymer compositions.
Trading area
As in any other regional center, there are a lot of trading companies in Tver. There are whole streets that are famous for their points, such as Sovetskaya, Novotorzhskaya and Tverskaya Avenue. The trade turnover of Tver enterprises is growing every year, and this is a very good trend. But, despite this, the city has practically no large shopping centers, because most of these networks are mainly occupied by cities with a population of over a million. The largest is the Tver department store, which was created back in Soviet times. Also in the city there are large representatives of the network business, such as Magnit, Lenta, Metro and others. The lack of large trading enterprises and centers is due to the fact that the city has not yet reached its full potential.
Financial enterprises
There is a special achievement in the history of Tver among the banking sector. It was in this city that one of the first to open a branch of the state bank in 1865. At present, this sector is represented by both local banks and branches of Russian and even foreign representatives. Many enterprises of Tver and the region also see an increase in investment, an increase in the solvency of enterprises and a decrease in the growth of debt among them. The proximity to the financial centers of the capital also positively affects the growth of activity in this area. New firms are opening that provide access for the population not only in terms of banking services, but also to brokerage services, as well as to the financial market.
Enterprises in the construction industry
It is worth highlighting two areas: the production of building materials and construction. In the first sphere, enterprises have enormous potential, since it is still under development. Local enterprises of Tver and the Tver region can occupy the local market and in the long term enter the international market. Currently, they are mainly engaged in the manufacture of concrete, the production of bricks and panels for the construction of houses.
But this industry also loses in competition to Moscow construction companies. The construction of houses is also underway and shows steady growth. This is because the city has not yet reached its growth potential. Given its favorable location and the fact that it is a regional center, its population is still very small. The same applies to commercial real estate.
Other enterprises
The list of enterprises in Tver does not end with these industries. One of the leading spheres in the city is printing, in which Tver occupies a leading position even on a national scale.
Also in Tver, the energy supply sector is very developed, several thermal power plants and energy distribution enterprises maintain the level of power supply at the proper level not only in the city, but also in some areas of the region. Transport sector enterprises are also developing.
With the development and increase of small law firms, state-owned firms are losing their market share.