Economy of Saint-Petersburg

The city is a major center of machine building, including power equipment, machinery, shipyards, instrument manufacture, ferrous and nonferrous metallurgy (production of aluminium alloys), chemicals, printing, and one of the major ports of the Baltic Sea.

The Saint Petersburg Mint (Monetny Dvor) is apart from Goznak in Moscow the only place in Russia that mints Russian coins, medals and badges.

Ford Motor Company began producing the Ford Focus automobile here in 2002. Toyota is building its plant in one of the suburbs and the Russian government is close to securing a deal with General Motors and Nissan for a factory to be built near the city.

In 2006 Saint-Petersburg's budget reached volume of more than million and planned to reach billion by 200