St. Petersburg is a major centre for industry, research and culture and it is known as the cultural treasure of Russia. The city has an extremely favorable geopolitical location, developed diversified economy and efficient transportation. St. Petersburg has a huge human and intellectual potential, powerful innovation and industrial resources. Moreover, it is the biggest transport hub in north-west Russia.
St. Petersburg is referred to as an Open-Air Museum which historic old town district is a UNESCO World Heritage Site. The city has been a meeting point for politicians, scientists, businessmen for three centuries and hosts more than 115 forums and 180 exhibitions annually.