page_title: Ufa
section_title: Economy
hierarchical_section_title: Ufa / Economy
caption_attribution_description: Русский: Национальный банк в Уфе.Башҡортса: Өфөле Милли банкы.English: National Bank in Ufa.
context_page_description: Ufa is the capital and largest city of the Republic of Bashkortostan in Russia, and is considered to be the industrial, economic, scientific and cultural center of the republic. As of the 2010 Census, the population of Ufa was 1,062,319, making it the eleventh most populous city in Russia, and the fourth most populated in the Volga Federal District. Ufa lies on the confluence of the Belaya and Ufa Rivers in the centre-north of Bashkortostan, on hills forming the Ufa Plateau to the west of the southern Urals.
  The city is considered to have been founded in 1574, when a fortress was built on the site of the city by order of Ivan the Terrible. Ufa was made capital of Ufa Governorate in 1865, when the governorate split from Orenburg Governorate. Ufa's population expanded during the early 20th century. Today, Ufa's economy consists primarily of the oil refining, chemistry, and mechanical engineering industries; the petroleum company Bashneft and several of its subsidiaries are headquartered in Ufa.
  Ufa hosted separate summits of the BRICS group as well as the Shanghai Cooperation Organisation in the same year, 2015.
context_section_description: According to Forbes, in 2013, Ufa was the best city in Russia for business among cities with population over one million.
  Many urban enterprises engaged in oil refining, chemistry, and mechanical engineering reside in Ufa. Additionally, the economy of Ufa is composed of many fuel, energy, and engineering complexes.
  Ufa is home to about 200 large and medium industrial enterprises.
  Some important enterprises in Ufa include:
  Ufa Engine-Building Production Association: subsidiary of UEC Saturn (gas turbine engines) 
  Ufimsky petrochemical Plant (subsidiary of Bashneft)
  Novo-Ufimsky refinery plant (subsidiary of Bashneft)
  Ufimsky refinery plant (subsidiary of Bashneft)
  Bashkir Trolleybus Manufacturing Plant JSC: trolley manufacturer
caption: National Bank of Bashkortostan
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