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MIL OSI Translation. Region: Russian Federation –

E. Samarin. Mos.ru

Today, Moscow accounts for 15 percent of the total Russian investment in fixed assets and about half of foreign direct investment in Russia.

Last year, investments in fixed assets in Moscow amounted to 2.9 trillion rubles, taking into account inflation this is 2.3 times higher than in 2010. This was announced by the Deputy Mayor of Moscow for Economic Policy and Property and Land Relations Vladimir Efimov.

“Last year, investments in fixed assets in Moscow amounted to 2.9 trillion rubles, which is almost 8.9 percent higher than in 2018, and taking into account inflation, 2.3 times more than in 2010, then this the figure was 733 billion rubles. Despite the period of time constraints this year, we continue to implement the planned large projects and support investors, as a result, the volume of investments in the first half of the year can be called a record – it is more than one trillion rubles, which is 8.2 percent more than last year, “- noted he.

According to the Deputy Mayor, today Moscow accounts for 15 percent of the total Russian investment in fixed assets and about half of foreign direct investment in Russia.

The favorable investment conditions for business created in the capital are confirmed by Russian and international ratings. For example, in the National rating of the investment climate in the constituent entities of the Russian Federation for 2020, compiled by the Agency for Strategic Initiatives, the capital for the second year in a row takes the first line, although back in 2015 it was in 13th place. In the World Bank’s Doing Business 2020 rating, Russia has climbed 95 positions since 2010 and took 28th place, ahead of Japan, France and Switzerland. When compiling this rating, experts analyze the business climate in only two cities – Moscow and St. Petersburg.

“One of the important instruments for increasing investment activity in the city is the Targeted Investment Program for the Development of Moscow. Its volume for 2020–2022 is about two trillion rubles. Budget funds are directed to the implementation of priority projects in the social sphere, in the areas of transport, landscaping, as well as the development of new territories and other areas. The capital attracts Russian and foreign investors, including the comfortable infrastructure created in the city, “- said the head of the capital

Department of Investment and Industrial Policy Alexander Prokhorov.

In recent years, a set of measures has been implemented to transform Moscow into a city convenient not only for living, but also for doing business. Today public-private partnership mechanisms are actively developing and measures to support manufacturers are being developed. For example, companies with the status of a technopark, industrial complex, or an anchor resident of a technopark can reduce the regional tax burden by 17-25 percent. A similar mechanism works for new investment projects.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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