Economy
In 1996, Kaliningrad was designated a Special Economic Zone. Manufacturers based there get tax and customs duty breaks on the goods they send back to Russia. Although corruption was an early deterrent, that policy means the region is now a manufacturing hub. One in three televisions in Russia is made in Kaliningrad, and it is home to Cadillac, Hummer and BMW related car plants. Currently, Kaliningrad's major industries are manufacturing, shipping, fishing and amber products. Moscow has declared it will turn the region into "the Russian Hong Kong".
The European Commission provides funds for business projects under its special programme for Kaliningrad. The region has begun to see increasing trade with the countries of the EU as well as increasing economic growth and rising industrial output. With an average GDP growth of more than 10% per year for three years to 2007, Kaliningrad is growing faster than any other region in Russia, even outstripping the success of its EU neighbours.
Read more about this topic: Kaliningrad
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