Moscow entered top-10 of major cities for ease of doing business

18.03.2016

Moscow ranked first among Eastern European cities for sustainable development and entered top ten of major cities in terms of attractiveness of doing business. The ranking was done by fDi Magazine, a bi-monthly investment publication of the Financial Times Group.

The award ceremony took place on the real estate exhibition MIPIM in Cannes, France. The Head of the Department for External Economic and International Relations of Moscow Sergey Cheremin picked up the award.

According to “Rossiyskaya Gazeta”, Moscow won first place among Eastern European cities for sustainable development. In addition, the Russian capital is included in the TOP-10 major cities in terms of attractiveness, cost-effectiveness of urban management, friendly attitude to business, economic potential, as well as with regard to development of human capital assets and attractiveness of living conditions.

Moscow was also included in the TOP-25 of the most progressive European cities.

223 cities took part in the contest. Honorary diplomas were also received by London (United Kingdom), Lisbon (Portugal), Vilnius (Lithuania), Cologne and Dusseldorf (Germany), Zagreb(Croatia), Ljubljana (Slovenia), Minsk (Belarus) and others.

The ranking took into account 96 independent indicators. Calculations were carried out according to analysis and evaluation of the leading experts of fDi Magazine and included economic potential, human resources, the level of costs for doing business, living standards, quality of infrastructure, ease of doing business, strategy of attracting direct foreign investment.

MIPIM is a 4-day real estate exhibition, conference and networking event, which brings together the most influential players from all international property sectors – office, residential, retail, healthcare, sport, logistics and industrial, offering unrivalled access to the greatest number of development projects and sources of capital worldwide. As a result of interaction between developers, architects, government officials, representatives of financial institutions and banks new ideas come into being, contracts are signed and partnerships are strengthened.

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