Economy of Buryatia

[1] Buryatia has a well-developed transport infrastructure of federal importance and boasts an impressive natural resources base.

The republic has well-established international and inter-regional relations, high potential for tourism development, and stable political and economic conditions.

Lack of investment in the integrated transport and logistics system has become a major obstacle to the economic growth in the region and its strategic development.

Particular attention has been drawn to the development of the new international transport corridor, Mongolian Vector, aimed at servicing transit cargo flows.

Currently, the cooperation within the framework of the railway transit traffic between Russia, Mongolia and China is aimed at creating an investment project to set up the transport and logistics company, ANMET.

The Republic of Buryatia is located in the center of the Asian continent and serves as a transportation and communication bridge between Russia, Mongolia, China, and other countries of the Asia-Pacific region.

The macroeconomic risks comprise the loss of competitiveness of regional products in the global food market, as well as the high interest rates of bank loans.

The significant role in ensuring food security of the country and its regions belongs to the foreign trade factors, including the strengthening of the imported products volumes under Russia's WTO accession.

Convenient geographical and geopolitical location, unique nature, rich history and culture make Buryatia attractive for travelers from all over Russia and abroad.

[8] Buryatia's natural resources, national parks and the Lake Baikal are the foundation for tourism development in the Republic.

The zone incorporates main tourist resources: spurs of Golondinsky mountain ranges, Ulan-Burgas and Primorsky Range, desert valleys, lush pine forests, lakes and mountain rivers, mineral water springs and muds, historical and cultural monuments.

Zabaykalsky National Park covers the middle of the eastern shore of Lake Baikal, with developed ecotourism routes and facilities.

The land of Buryatia accumulates 90% of Russia's reserves of nephrite, 48% of zinc, 24% of lead, 32% of molybdenum, 20% of wolfram, 15% of chrysotile asbestos, 13% of apatite, 11% beryllium.

The territory of Buryatia incorporates a large part of aquatorium of the unique Lake Baikal that accumulates fifth of the world's fresh water reserves.

Northern slopes of mountain ranges are covered with deciduous forests and thick moss, with cedars and silver firs in some places.

Notable actors in the forestry industry are the Selenginsk paper pulp-cardboard combine, Baikal wood company, and a processing complex at Taksimo.

Above the Arshan resort, Tunkinsky, with Sayan Mountains and Lover's Peak