Primary economic activities. Industry is the basis of the regional economy, in 2009 industry contributed 48% of gross regional product:
Ferrous metallurgy is the most developed branch of industry (62% of total industrial output). JSC NLMK (Novolipetsk Steel) is the largest Russian full-scale plant. NLMK manufactures pig iron, plate slabs, cold-rolled and hot-rolled steel, galvanized, dynamo, transformer and polymer-coated steel. Other enterprises of this type in the region – JSC Lipetsk Iron Works “Svobodny Sokol” producing cast-iron pipes with spheroid graphite and radiators, JSC Lipetsk Pipe-making Plant manufacturing bathroom and lavatory equipment, baths, pipes.
Manufacturing of household appliances – “white” cluster – represented by the global giant Indesit International with its refrigerators and washing machines productions located in Lipetsk. 13 regional enterprises supply their products for plant operations, about 6,500 people are employed, 600 of which are visually handicapped.
Food industry is represented with processing plants; the industry’s share in the total output is 17%. JSC Lebedyansky manufactures juices consumed by one-third of Russian population. Lipetsk ice-cream is successfully marketed both in Russia and countries of Western Europe.
Machine-building and metalworking produce up to 12% of the total output – tractors, pumps of various modifications, transformers, transforming stations, electrical facilities, hydraulic arrangement. An automotive components cluster is being formed in the region, based on existing enterprises that produce outputs for the automobile industry - hydraulic equipment, steel wire cord for car tyres.
Petrochemical industry deals with manufacturing of organosilicon products (silicone materials) and polymer products, including package, polymeric packaging bags, plastic articles.
Agriculture is highly developed in the region. Black soils (chernozyom) prevail occupying over 85% of cultivated land. Traditional branches of agriculture are grain production, production of sugar beet, sunflower, potato, poultry, pig farming, cattle breeding. Gardening is developed as well; apple-trees, pear-trees and plum-trees are grown in the region.
Natural and mineral resources. Lipetsk Region lies in the forest-steppe zone. Major rivers are Don and Voronezh with their tributaries.
Natural resources: lime-stones, dolomites, sand, clay, cement materials. The region has the largest reserves of carbonate materials in Russia and considerable peat deposits.
Lipetsk Region has mineral springs and therapeutic muds that were discovered in 1871. At present, 13 mineral wells are operating, their total water intake being over 1,500 cub.m per day.
Fuel and energy complex. 10 heat-power plants are involved in generation of electric energy, their total capacity being 973.5 mW. The major electric energy producer is Eastern regional generation, the affiliate of JSC TGC-4 (Territorial Generating Company). More than half of necessary electric power is purchased at the wholesale market.
Foreign trade turnover. In 2009, foreign trade turnover made USD 3.6 bln. Export made USD 2.8 bln, import – USD 824 mln. Foreign trade balance was positive – USD 1,976 mln. Regional export is based on ferrous metals (93,2%). Machinery and equipment prevailed in the import structure – 55.8%. The main trade partners of the region were Italy, Turkey, Denmark, Germany, the USA, Chaina and Ukraine.
Transport system of Lipetsk Region is represented by motor roads, rail roads and airlines. Modern highways connect the regional centre with all the neighbouring regions, as well as with federal highways: Moscow – Rostov, Moscow – Volgograd.
The total mileage of railroads is 757 km, the territory of the region is crossed by 3 trunk railroads leading to the South of Russia, Povolzhye and western regions of the country.
Lipetsk airport carries out air transportation and provides its services to the aircrafts up to 60 tons of take-off mass.
Tourism. Lipetsk Region provides excellent conditions for rest, tourism, treatment, sports, fishery and hunting. A lot of archeological, historical, architectural monuments and works of arts can be found in the region. Mineral springs discovered in the early IXth century are very popular among the population and guests of the region. Mineral water and therapeutic muds, unique in their composition, attract a good deal of Russians to local health- resorts.
Pilgrims come from all over Russia and abroad to see the relics of Tikhon Zadonsky and visit the sacred springs in Zadonsk, Russian Orthodox centre.