MIL-OSI Russia: The volume of investments in the city’s economy exceeded three and a half trillion rubles

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MIL OSI Translation. Region: Russian Federation –

Photo by M. Denisov. Mos.ru

Over the past five years, companies with the status of an industrial complex, a technopark and an anchor resident have invested 94.8 billion rubles.

The volume of investments in the economy of the capital in 2020 amounted to 3.6 trillion rubles. This is 1.7 percent more than in 2019. This was announced by the Deputy Mayor of Moscow for Economic Policy and Property and Land Relations Vladimir Efimov.

“According to preliminary data from Rosstat, last year investments in capital enterprises grew by 1.7 percent and reached 3.6 trillion rubles. The capital accounts for almost 18 percent of the total Russian investment in fixed assets and about half of Russia’s direct foreign investment. In general, over 10 years the volume of investments in fixed assets in Moscow has increased 2.7 times in comparable prices, ”he said.

The system of support measures, which has been operating in Moscow for five years and is being improved every year, significantly helped to maintain investment activity last year. It includes such instruments as providing investors with special infrastructure for locating production facilities on preferential terms, various subsidies and preferential loans, and reducing the tax burden through special statuses. New companies have the opportunity to obtain the status of an investment priority project, and existing enterprises – the status of an industrial complex.

“Today 123 Moscow companies already use the package of tax benefits: 58 industrial complexes, 37 technoparks, 15 anchor residents, 13 investment priority projects. Over the past five years, companies with the status of an industrial complex, a technopark and an anchor resident have invested 94.8 billion rubles in Moscow: 54 billion rubles were invested by technoparks, 32.4 billion rubles – industrial complexes, 8.4 billion rubles – anchor residents. Investments in priority investment projects amount to about 32 billion rubles “, – said the head

Department of Investment and Industrial Policy of the City of Moscow Alexander Prokhorov…

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In 2020, in addition to the previously existing business support measures, two more were launched in the capital – an investment tax deduction and a job creation incentive program. In 2021, another form of interaction between investors and the city will come into force – the conclusion of agreements on the protection and encouragement of investment.

The right to receive an investment deduction is granted to actively investing companies that are located in the capital, work in the manufacturing sector and have received the status of a Moscow investor of the first or second category. Enterprises with the status of the first category can apply a preferential rate on the regional part of the profit tax – 12.5 percent, in the second category – eight percent.

As part of the program to stimulate job creation, developers of apartment buildings can receive the status of an investment project and significant support from the city. To do this, along with housing, they must create places for employment beyond the external borders of the Third Transport Ring and the Moscow Ring Road: offices, industrial, trade, sports, social or educational facilities. Such developers are exempt from payment for changing the type of permitted use of a land plot. Under the new program, Moscow has already signed two agreements with investors who will invest 7.8 billion rubles in the construction of office complexes with a total area of ​​more than 100 thousand square meters outside the Third Transport Ring.

The actions of the Moscow authorities to improve the investment climate and support business are reflected in the authoritative ratings. Moscow ranks first in the National rating of the investment climate in the constituent entities of the Russian Federation.

“In the international ranking of the best cities for living, working, investing and visiting The World’s 100 Best Cities, the Russian capital rose from fifth to fourth place, overtaking Tokyo, Madrid, Rome, Dubai, Singapore and other megacities. In addition, for several years in a row, Moscow has been one of the leaders in the rating of regions in terms of the level of development of public-private partnerships, which is compiled by the Ministry of Economic Development of Russia and the National PPP Center. And by the end of 2020, it entered the top 25 global cities of the future that are attractive to foreign investors, ”said Svetlana Ganeeva, Director of the City Investment Management Agency.

Over nine years, investments in the Moscow economy have grown more than two and a half timesInvestment in production development increased in Moscow

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

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