Moscow Is The Top Region For Investment In Russia

Moscow once again topped the overall ranking of investment attractiveness of Russian regions by RAEX (RAEX Analytics).
Moscow topped the list of Russian regions in terms of best investment potential and social infrastructure, and was also lis­ted among regions with the lo­west investment risks.

"The city's massive development program is a key investment driver," said Vladimir Efimov, De­puty Mayor and Head of the Department of Economic Policy and Landholding Affairs of Moscow Government. "Moscow's Targeted Investment Program for 2020-2022 is valued at over 2 trillion rub. This money will be used to implement priority projects in transportation, social services, landscaping, etc. Today, every rub invested by the city in infrastructure is matched by more than 3 rub of private capital."

Fixed capital investments in Moscow more than doubled in comparable prices from 2010 to 2018, and now account for 14% of Russia's overall fixed investments and about half of fo­reign direct investments. Total fixed investments for the first three quarters of 2019 reached 1.6 trillion rub, up 10.6% from the same period in 2018.
Every RUR invested by the city in infrastructure
is matched by more than
RUR of private capital
"Support for businesses provided by the Moscow government contributes greatly to towards creating a favorable investment climate in the city," said Alexander Prokho­rov, Head of the Department of Investment and Industrial Policy. "For example, actively investing enter­prises that were granted the status of technology parks, industrial complexes or technology park anchor residents, along with new investment projects, may reduce regional tax burden by 17-25%. A total of 112 Moscow enterprises are currently eligible for various benefits, including 53 industrial complexes, 36 techno­logy parks, 13 anchor resi­dents, 9 priority investment pro­jects, and 1 motor ve­hicle manufacturer."

Moscow is implementing measures designed to reduce investment risks, improve business climate and cut red tape for investors. The Moscow government maintains regular contact with the real economy, is aware of its priorities, and works hard to provide entrepreneurs with everything they need.
APROPOS
The RAEX ranking of investment attractiveness of Russian regions has been published annually since 1996, and is a reliable indicator of changes in the investment climates of Russian regions. Investment attractiveness in the rankings is determined by two parameters: investment potential and investment risk.
"Following regular meetings with busines­ses, decisions are made to improve support for non-financial sectors and to expand the exi­sting range of benefits and preferences, such as the legislation put in effect on the 1st of Ja­nuary, 2020 regarding investment tax deductions. We've created conditions that encourage companies to invest in the capital's economy and set up new businesses in Moscow," said Leonid Kostroma, Director of the Moscow Investment Management Agency.

Besides the RAEX ranking, Moscow's favorable investment climate has also been acknow­ledged by other reputable rating agencies. Moscow topped the ASI 2019 National Investment Climate Ranking of Russian Regions, overtaking the Tyumen Region, which led regions in 2018. The purpose of the ranking is to assess the efforts of regional authorities to create favorable conditions for doing business and to identify best practices.
We've created conditions that encourage companies
to invest in the Russian capital's economy
and set up new businesses in Moscow
Last November, the Moscow Technopolis special economic zone was also named among the leaders of the 3rd National Ran­king of Investment Attractiveness of Special Economic Zones, compiled jointly by the Association of Clusters and Technology Parks of Russia and the Russian Ministry of Economic Development.

Furthermore, for the fourth year in a row, the Russian capital tops national public-private partnership rankings, compiled by the Ministry of Economic Development and the National PPP Center to encourage Russian regions to promote public-private partnerships. The value of PPP contracts implemented in Moscow from 2013 to January 2020 exceeded 950 billion rub.
Corporate Issue, Moscow Department
of Investment and Industrial Policy
E-mail: pressprom@mos.ru
Audience: 16+