High-tech production turnover in Moscow has more than doubled — Sergei Sobyanin

In January–June, the turnover of Moscow-based high-tech companies increased by 2.2 times in comparable prices to reach RUB 512.1 billion, writes Sergei Sobyanin on his Telegram channel.

“Almost 50 per cent of the industry’s turnover was provided by computer and peripheral equipment manufacturers,” the Moscow Mayor wrote.

Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin

About 16 per cent came from companies that produce control, measuring and navigation devices and watches, another 13 per cent being due to production of electronic equipment and printed circuit boards.

In H1, the pacesetters were producers of consumer electronics, whose turnover increased by 72.5 times year-of-year.

The drivers of the industry’s growth are small businesses however as their turnover amounted to RUB 212.9 billion over the six months.