Ekaterina Krylova: increase of Russia in Doing Business is good omen for market
“The Moscow government is committed to making the process of obtaining approvals and permits in construction more transparent and predictable. Increase in figures in terms of “Obtaining a Construction Permit” in the World Bank ranking is a very positive sign for the market.
It’s hard to make forecasts for next year, but it is obvious that there is a huge upside potential for the capital. Primarily due to the fact that many of the reforms that were carried out by the Government of Moscow this year, have not been taken into account in the assessment methodology, as representatives of the developer community has not yet felt the full effect of their implementation,” says the Director of the Association of Moscow Investors Ekaterina Krylova.