Vladimir Efimov: decrease of administrative barriers is favorable to investment activity in Moscow

12.09.2017

Reducing administrative barriers, along with other measures taken by the city government, has a positive impact on investment activity in Moscow. This opinion was expressed by the Head of the Department of Economic Policy of the city Vladimir Efimov.

“Today Moscow has everything that is important for the investor – a developed real estate market, constantly improving transport and communal infrastructure, high scientific potential, favorable investment climate, effective mechanisms of interaction with the city authorities. The city constantly improves the mechanisms of interaction with investors, reducing administrative barriers and offering solutions optimizing the work of enterprises”, said Efimov.

According to Mosgorstat, fixed capital investments in the full range of organizations in the capital increased by 20.1% in the first half of 2017 compared to the same period last year. “Moscow has a good investment pace. Our city is by right the main center in the country for attracting investments, both Russian and foreign. The total amount of investments in Moscow for the first half of the year amounted to 658.2 billion rubles. This is the result of the systematic work of the Moscow Government to create a favorable environment for investors”, said Natalia Sergunina, Deputy Mayor of Moscow for Economic Policy and Property and Land Relations.

Source: Department of Economic Policy and Development of Moscow

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