Izhevsk is the capital of the Udmurt Republic, a large administrative, industrial, cultural, trade and scientific center of the Volga region. Energy-intensive industries including machine-tool construction and metallurgical engineering present the basis of the economic and social development of Izhevsk. Industrial production represents a share of the workforce of about 32% of the average number of employees of the city of Izhevsk. Moreover, industrial enterprises are the main taxpayers to the city budget.

The population of the city of Izhevsk is 646.0 thousand people, as of January 1, 2017.

The total number of enterprises in the City is 30 083 (as of December 2016).The largest share in the volume of shipments of goods of own production covers production of such manufacturing enterprises as LLC "Obyedinennaya avtomobilnaya gruppa", JSC "IEMZ Kupol", JSC "Izhstal", Izhevsk Motor Plant "Axion Holding", JSC "IMZ", DOOO "Izhevsk Radio Plant", JSC "Concern" Kalashnikov".

The enterprises of the city of Izhevsk manufacture steel, medical equipment, cars, plastics, machinery, equipment for the GLONASS system, on-board remote signaling systems, automatic docking ships systems, products for the needs of the defense industry of the country. The development and production of air defense and electronic equipment for military use, airborne and ground-based radio systems, telecommunication systems, communications, sports and hunting and military weapons and other products for special purposes is carried out. Weapons production is unique. The Kalashnikov gun has no analogues in the world. The potential of the military-industrial complex is used for the development of the civil sector.

For labor merits of the city and its inhabitants, the contribution of Izhevsk into the industrial and defense potential of Russia, current economic and social transformations Izhevsk was awarded with the title "City of Labor Glory".

Izhevsk is a city that purposefully and successfully develops multidisciplinary economy. This implies a balanced development of basic industries, as well as the development of other spheres: science and education, culture and the arts, services and trade, the building complex, small and medium enterprises, information technology and telecommunications, modern transport complex and engineering infrastructure, healthcare, social protection institutions, physical education, sports and tourism. 

According to the data for 2016 there are 201 pre-school edicational institutions, 96 general educational institutions and 1 municipal state institution for orphans and children left without parental care "Izhevsk orphanage". The system of advanced level of education includes 12 lyceums and 4 gymnasiums. There are 95 secondery schools and 12 secondary schools with in-depth study of individual disciplines in the city.

The sistem of higher and secondary vocational education is presented by 10 state institutions of secondery vocational education and 4 higher educational institutions such as Kalashnikov Izhevsk State Technical University, Udmurt State University, Izhevsk State Medical Academy, Izhevsk State Agricultural Academy. Moreover, the system of non-state educational institutional is developing.

Kalashnikov Izhevsk State Technical University is included in the list of the 100 best Universities of the country.

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