News from Authorities
China and Germany are defined as priority foreign economic partners of the Vologda Oblast.
Germany that has the largest economy in the European Union has been sustaining partnership ties with the Vologda Region for years. Germany thrives in industry and manufacturing and is a major exporter of electrical and engineering products and is renowned globally for their skilled work force.
China with its ever-increasing industrial production is looking for new markets for its goods. The Chinese partners intend to further expand the country’s strategic partnership, including investments into the economy of the Vologda Oblast, namely the timber complex and agribusiness.