Direct investment by foreign companies registered in Moscow has increased by 28.4 percent to $83.9 billion in 2017, said Natalya Sergunina, Deputy Mayor for Economic Policy, Property and Land Relations.
“According to the Bank of Russia, this was 56.3 percent of all the direct investment in the country in 2017,” Sergunina said.
She noted that good growth rates reflect the city’s sustained efforts to improve the investment climate, simplify administrative procedures and develop new investment tools.
Last year Moscow was the first in Russia to sign an offset contract: a company will start modern production of pharmaceuticals in the city. The Financial Times included Moscow in the world’s top five European cities for investment appeal.
“In the World Bank’s ‘Doing Business’ rankings, Moscow’s efforts raised Russia by five points (its contribution was 70 percent), thus placing it ahead of Italy and Belgium,” said Vladimir Yefimov, Moscow Government minister and head of the Department of Economic Policy and Development.