Moscow is in top-20 cities of Europe most attractive for investments

29.06.2020

Moscow entered the TOP-20 of the Tech Cities of the Future ranking among the European cities most promising in terms of investments in technology, innovation and startups. The capital is ahead in the ranking of Helsinki, Milan, Prague and other major cities.

“The rating covers 76 European cities, which were evaluated in terms of attracting capital, the availability of qualified employees and the development of infrastructure. This year Moscow took the 18th place, and in one of the five rating categories, “Ecosystem of Startups”, it immediately rose to the 10th line, ”said Vladimir Efimov, Deputy Mayor of Moscow for Economic Policy and Property and Land Relations.

The cities participating in the rating were evaluated according to five main parameters: “Economic Potential”, “Innovation and Attractiveness”, “Level of Foreign Direct Investment”, “Startup Ecosystem” and “Profitability”. The five leaders included London, Paris, Dublin, Amsterdam, Berlin.

“The work on introducing innovative solutions into the life of the city showed its relevance during the time constraint regime, when the demand for obtaining services and goods through online services sharply increased,” noted the Minister of Moscow Government, head of the Department of Economic Policy and Development Kirill Purtov, adding that Moscow every year is becoming an increasingly attractive city for investment.

Experts believe that the basis for the success of the capital in the global digital environment is, among other things, favorable regulatory regulation.

The Tech Cities of the Future 2020/21 ranking was compiled by fDi Intelligence magazine (part of the Financial Times Group) and TNW (The Next Web), a specialized technology and innovation publication this year, for the first time.

Source: Official website of the Government of Moscow

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