The Altai Republic is a subject of the Russian Federation. It is located in the south of Western Siberia, in the heart of the Eurasian continent, in the mountains of the Southern Altai. The Republic shares border with China, Mongolia and Kazakhstan. It also has a common border with Altai and Kemerovo regions, the Republic of Khakassia and the Republic of Tyva.
The total area of the territory is 92.9 thousand square kilometers (1.8% of the territory of the Siberian Federal District, 0.5% of the territory of the Russian Federation). The Altai Republic territory ranks 11th in the Siberian Federal District.
The territory of the republic consists of 11 municipalities, uniting 90 administration objects, which include 248 settlements. The city of Gorno-Altaisk is the administrative center.
Number of population is 218 thousand people (as of January, 1, 2018). Most of people live in rural area. As of the 2010 Census, ethnic Russians make up 56.6% of the republic's population, with the indigenous Altai people making up 34.5%. Other groups include people of Kazakh (6.2%), and German (700 or 0.3%) ethnicity, together with smaller groups, each accounting for less than 0.5% of the total population.
The republic has a temperate continental climate with relatively short and hot summers (June–August); and long, cold, and often quite frosty winters (November–March).
The Altai Republic is situated in the Altai Mountains in the very center of Asia at the junction of the Siberian taiga, the steppes of Kazakhstan and the semi-deserts of Mongolia. Forests cover about 25% of the republic's territory. The most striking geographical aspect of the Republic of Altai is its mountainous terrain. The Republic is situated within the Russian part of the Altai Mountains system, which covers a large part of the Republic and continues into neighboring Kazakhstan, Mongolia and China. The Republic's highest peak, Mount Belukha (4,506 m), is the highest point in Siberia.
Mineral resources in the region primarily presented with gold, silver, iron ores, and lithium, in addition to other smaller amounts of minerals.
The Republic of Altai has one of the most developed networks of protected areas of Russia. The total area is 25%. Altaisky Zapovednik and a buffer zone around Lake Teletskoye; Katunsky Zapovednik and a buffer zone around Mount Belukha; and the Ukok Quiet Zone on the Ukok plateau are included in the list of UNESCO World Heritage Sites in Russia. All these natural objects form the natural complex listed as Golden Mountains of Altai.
The Altai Republic has unique recreational resources for creation of health resorts and tourist centers providing services and organizing tours and excursions for travelers. The Republic has long-lasting touristic traditions. It can provide various types of touristic activities including ecological, rural, sports, ethnic, and cultural tourism. A large number of touristic objects and resources make the Republic be one of the most perspective destinations in Russia.
Agriculture is a key sector of the regional economy. The most widespread type of activity is animal breeding.
Industrial sector is represented with food and consumer goods industries, mining and non-ferrous industry, timber and wood processing industries.
One of the most perspective industries is power generating industry. In 2014-2017 five solar power plants were constructed in the Republic. They become the first project on creation of line-operated solar power plants in Russia.
Investment attractiveness of the Altai Republic
Strategic and priority directions for investment cooperation are:
Creation of new innovative production of construction materials;
Energy development (including alternative energy);
Transport infrastructure development;
Adoption of new environmentally clean (non-waste) technologies;
Realization of investment projects in priority sectors of economy such as tourism, agriculture, food industry, biopharmaceuticals, and health resorts development.
The Altai republic implements several projects of high priority including the construction of the all-season ski resort in the village of Manzherok.
Other investment projects: