Resistance to crisis is proved
On May 25, 2016 officials and experts from leading commercial companies discussed the investment potential of Moscow and the Russian regions.
“Association of European Businesses (AEB) is a well-known organization,” opened the discussion Thomas Staertzel, the Chairman of the AEB Board, “It helps to develop business in Russia, and today I have a serious intention to work in this country”.
In the long term we believe in its potential as soon as the role of Russia today, in times of a crisis, is one of the leading countries in the world,” he said.
According to him, the Russian capital is particularly attractive for the Association, as it is actively promoting investments.
[citata id=937]“Moscow is the best region for investment; it remains the best one from the standpoint of objective competitive positions. The economy of the capital has recently proved its resistance to the crisis,” said Maxim Reshetnikov, Minister of the Moscow Government, Head of the Moscow Department of Economic Policy and City Development, “Economic trends are changing to positive: a number of entrepreneurs is steadily increasing, the number of companies is growing”.
He stressed that the main investor in this case is the city itself. For example, direct investments in construction of roads and metro, engineering and social infrastructure, amounts to 23 %. And this share will be maintained in the next three years, while the volume of investments will increase.
“Moscow will remain an anchor, a large and growing region,” said the Head of Department, “In many respects, this is due to the well-formed economic policy, since over the past four years the city has adapted to new conditions and has elaborated decisions, having reoriented the fiscal policy. Thus, Moscow supports economic activity by reducing taxes for entrepreneurs,” he said.
[citata id=545]Administrative barriers became lower in the construction sector. According to Reshetnikov, a favorable investment climate was created in the capital, and the city promotes it.
“Moscow has prescribed standards of protection against non-commercial risks: the city budget amounts to €25 billion, so we offer protection to investors. In case of problems the city will undertake compensation payment for investors. Our goal is to provide a clear and competitive environment for the arrival of new suppliers. Today, the capital provides the best options for development of production, engineering and service centers. If you find better and cheaper somewhere, as they say, we will refund you the price difference,” stated Reshetnikov.
The panelists agreed that the potential of Moscow is strong: its infrastructure, industrial areas, real estate is of interest to major players. Moreover, the city has got high-quality workforce and advanced logistics.