Moscow consistently working to improve its investment climate

Moscow consistently working to improve its investment climate
Photo: Photo by the Mayor and Moscow Government Press Service. Yevgeny Samarin
Moscow ranks third in the national investment climate rating.

Judging by all indicators, Moscow’s economy is growing despite the crisis, Mayor Sergei Sobyanin said addressing the St Petersburg International Economic Forum.

“We’re keeping a watchful eye on all indicators, including investment in the economy, the number of registered companies and the budget revenues,” Sobyanin said. “As can be seen from these indicators, Moscow’s economy keeps growing despite all the problems and the crisis. What President Vladimir Putin said earlier today, setting a very distinctive task of improving the investment climate, is absolutely right and momentous as it is aimed at promoting the development and security of Moscow and the whole country.”

Mr Sobyanin said that the national investment climate rating for Russia's regions had been presented at a forum session. This year Moscow has moved into third place whereas last year it ranked 10th.

“Of course, it’s of great importance to Moscow – in its role as a global city – to be in this position,” Mr Sobyanin added. “The comparison of Moscow and other cities is very important, but it’s even more important that Moscow largely serves as a benchmark for the Doing Business investment ranking. It was largely due to Moscow that Russia has moved up from the 124th position to the 40th, that is, by 80 spots,” he added.

This shows that each year Moscow consistently works to improve its investment climate.