Moscow improves position in Doing Business ranking
World Bank’s “Doing Business” ranking has shown the boost of figures of Moscow in terms of “Dealing with Construction Permits” – Moscow improved its position by four points. This was announced by Sergey Levkin, Head of the Moscow city department of urban planning policy.
“Russia – in the name of its capital, where the measurements were taken – rose from 119th to 115th place,” said Sergey Levkin.
According to him, five procedures were abolished in Moscow resulting in reduction of the total time required for procedures by 14.5 days, as well as their cost which was reduced by 10%.
“Thus, according to the report, the company which is building a warehouse in Moscow needs to pass through 14 procedures in 229.5 days, and the total cost of them will amount to 1.5% of the warehouse value,” noted Sergey Levkin.
It is to be recalled that for many businessmen the major world rankings plays a key role in selection of project and country for investment. Doing Business ranking is one of them. Each year, independent international experts of the World Bank assess the situation with administrative barriers in 189 countries around the world. The ranking is based on anonymous surveying of builders and developers and reflects the ease of doing business, including with regard to construction.
In recent years the Russian Federation shows a steady growth in the rankings which measure this area. Thus, since 2014 Russia has moved from 178th to 115th place. In Moscow, the number of procedures has dropped by more than 2.5 times – from 36 to 14. The index of procedures cost has decreased by 25%.
The Moscow City Government continues to focus on upgrading management in urban planning field, development of online services and e-services in construction, abandonment of requirements to submit documents which are available to the state bodies, as well as providing developers access to information on conditions and limitations of the area use, which can be found in the state information systems.