Economy of Moscow

The main articles are:

• Moscow
• Russian economy

Regional Gross Product

The international rating agency Moody's Investors Service estimated the decline in the Moscow economy at 4% at the end of 2020.

Small and medium-sized businesses in Moscow

Main article: Small and medium-sized businesses in Moscow

Moscow Fund for Industry and Entrepreneurship Support (IPPF)

Main article: Moscow Industry and Entrepreneurship Support Fund (IPPF)

National debt

2024: RUB 170.4 billion

According to experts from the RIA Rating Center for Economic Research for January-October 2024, the volume of Moscow's public debt amounted to 170.4 billion rubles. Read more here.

Export

• Technology exports from Moscow
• Export of medical devices from Moscow
• Moscow Export Center (MEC)

Industry

Electronics manufacturing

Main article: Electronics production in Moscow

Cosmetics and perfumery production

Main article: Production of cosmetics and perfumes in Moscow

Food industry

2024: Food industry turnover growth by 10.3% to ₽807,1 billion

The turnover of the food industry in Moscow in 2024 increased by 10.3% and reached ₽807,1 billion, which was a record figure for the industry. This was announced in early March 2025 by the Deputy Mayor of Moscow, head of the Moscow Department of Economic Policy and Development Maria Bagreeva, noting the positive dynamics in comparison with 2023.

According to the portal of the mayor of Moscow, almost 22% of the total turnover, or ₽175,6 billion, was provided by enterprises in the meat industry. About 15%, or ₽117,1 billion, earned factories producing bakery and flour confectionery, more than 12%, or ₽97,7 billion - dairy producers.

The turnover of the food industry in Moscow for the year increased by 10.3% and reached ₽807,1 billion

Food production is one of the leading areas of the capital industry. The share of this industry in the total turnover of Moscow manufacturing industries excluding the oil and gas sector in 2024 amounted to 10.2%. The capital provides 6% of the turnover of the food industry in Russia.

By the end of 2024, the leaders in growth in the Moscow food industry were enterprises specializing in the production of fat and fat products, flour mills and beverage manufacturers. The turnover of the first segment almost tripled, reaching ₽2,1 billion. Milling companies increased revenue by 56% to ₽15,6 billion. Beverage manufacturers increased their turnover by 32% over the year, bringing the figure to ₽85 billion.

Large and medium-sized enterprises accounted for more than 80% of the turnover of the food industry, or ₽648,7 billion. Over the year, their revenue grew by 10%. Small enterprises of the industry earned ₽158,4 billion in 2024, which amounted to almost 20% of industry turnover. Their revenue increased by 11%.

In 2024, the metropolitan food industry represents about 320 enterprises. They produce bakery, confectionery, meat, dairy and other products that are in demand both in the domestic market of the country and abroad.^[1]

Chemical industry

2024: Production of chemical products for the year increased by 14.7% and reached ₽289 billion

The turnover of Moscow manufacturers of chemical products in 2024 amounted to ₽289 billion, which is 14.7% more than in 2023 in comparable prices. Such data on March 17, 2025 was presented by the Department of Economic Policy and Development of the city of Moscow.

According to Finmarket, the capital's chemical production accounts for almost 4% of the turnover of Moscow's manufacturing industry, excluding the oil and gas sector, and an approximately similar share of the total turnover of the industry in Russia.

Chemical production in Moscow increased by 14.7% over the year and reached ₽289 billion

Maria Bagreeva, Deputy Mayor of Moscow, Head of the Department of Economic Policy and Development of the City, emphasized the importance of the chemical industry for the economy: "The products of Moscow chemical enterprises are involved in various spheres of the economy: from the production of packaging and household appliances to pharmaceuticals and the automotive industry and are in demand in Moscow and other regions of the country."

More than 43% of industry turnover, or almost ₽124,5 billion, was provided by manufacturers of chemicals for industrial and medical devices, dyes, plastics and synthetic rubber. Companies producing household chemicals, as well as perfumes and cosmetics, earned about ₽112,9 billion, which is 39% of the total turnover. Manufacturers of paints and varnishes accounted for more than ₽12,6 billion or 4.4% of the total.

The growth leaders in the chemical sector were manufacturers of plant protection products. Over the year, their revenue increased 3.2 times and reached ₽8,8 billion. Almost 2.2 times - up to ₽1,7 billion - the turnover of manufacturers of chemical fibers used to make fabrics, tires, artificial leather and other materials has increased. A 19% increase in the revenue of enterprises producing chemicals for industrial and medical devices, dyes, plastics and synthetic rubber.^[2]

Light industry

2024: The turnover of light industry in Moscow for the year increased by 42% and reached 226.1 billion rubles

The turnover of light industry in Moscow in 2024 increased by 42% and reached ₽226,1 billion. According to the Department of Economic Policy and Development of the capital, published in March 2025, the share of Moscow manufacturers of textiles and clothing amounted to almost 3% of the total turnover of the city's manufacturing industry, excluding the oil and gas sector, and about 18% of the all-Russian indicator. The head of the department, Maria Bagreeva, stressed that the rapid growth of the industry is associated with an increase in local production and an expansion of the range of products.

According to Vedomosti, Moscow manufacturers of clothing and textiles are actively developing market niches that have been vacated after the departure of foreign brands. Local companies not only provide the capital market with high-quality goods, but also successfully supply products to the regions of Russia.

The most impressive growth was shown by enterprises specializing in the production of textiles - their turnover in 2024 increased by almost 74%. Small enterprises play a special role in the development of the industry, which showed an increase in turnover by 81% per year. The share of small businesses in the total turnover of light industry in Moscow increased by 11% and reached 51%. Large and medium-sized enterprises also showed stable growth - by 17% compared to 2023.

The Minister of the Government of Moscow, the head of the Department of Investment and Industrial Policy Anatoly Garbuzov stressed that in 2024 the capital industrialists increased the production of clothing, shoes and accessories by 22.5%. According to him, a favorable investment climate, urban support measures and increased consumer demand make it possible to regularly increase production, and Moscow brands confidently respond to consumer demands for high-quality fashionable clothing.

There are many manufacturers of clothing and footwear in Moscow. Thus, the Pink Bus brand in Moscow is engaged in the production of textile products with author's prints. The capital company "Ortomoda" produces orthopedic shoes and adaptive clothing.^[3]

2023: Clothing production in Moscow has grown 62.4 times in 5 years

Over the past five years, the volume of clothing production in Moscow has increased 62.4 times. Moscow Mayor Sergei Sobyanin announced this on May 28, 2024 in his Telegram channel, noting that the departure of foreign brands created new opportunities for metropolitan manufacturers and contributed to the rapid growth of the industry.

In 2023, Moscow enterprises shipped clothes worth more than 70 billion rubles and produced over 2.8 million pairs of shoes. According to the head of the Moscow Department of Investment and Industrial Policy Vladislav Ovchinsky, 135 industrial enterprises now work in Moscow, which employ about 4,000 people. These enterprises produce a wide range of products - from the mass market to designer clothes, including suits, jackets, dresses and T-shirts.

Over the past five years, the volume of clothing production in Moscow has increased 62.4 times

The growth in clothing production in Moscow is also explained by active support measures from regional authorities. As Marina Malakhatko, Senior Director of CORE.XP, explained, the subsidies and benefits provided to entrepreneurs contributed to the formation of a modern and technological base for small-scale production in industrial clusters and economic zones.

One of the main advantages of production in Moscow is logistics convenience and delivery speed, which is especially important for new brands that produce small batches of products. Inna Gureeva, operating director of the Fashion Factory School of Business Education, noted that high rental and wage costs remain a significant obstacle for manufacturers. Salaries of employees in Moscow are above the average in Russia, which causes additional costs for companies.

Co-founder of the Moscow clothing brand BASK Sergey Bogdanov added that the company produces 15% of its products in Moscow, concentrating on a high price segment, while more budgetary positions are issued in other regions. In 2023, the salaries of specialists had to be increased by an average of 15% due to a lack of qualified personnel.

Anna Lebsak-Kleimans, CEO of Fashion Consulting Group, noted that the difficulty of finding contract industries capable of making turnkey products is also a significant obstacle. Often customers are forced to provide their own production with raw materials and equipment, which complicates the process.

The demand for local brands in Russia has grown significantly after the departure of foreign mass markets of brands, which has become a catalyst for the development of domestic companies. Co-founder of the Moscow brand Pink Bus Maria Batyukhnova noted that sales of their products in recent years have increased by 80-100%.

The Moscow government actively supports local manufacturers by providing subsidies and preferential terms on loans. For example, the BASK brand receives subsidies for the purchase of equipment, and the credit rate for the company is below the accounting rate and is 13.5%.^[4]

2024

Production of high-tech equipment doubled over the year and reached ₽880 billion

Capital enterprises in 2024 more than doubled the production of high-tech products and shipped products worth over ₽880 billion. This was announced on February 21, 2025 by the Deputy Mayor of Moscow for Transport and Industry Maxim Liksutov.

According to Interfax, about 370 companies with a total number of employees of more than 30 thousand people are engaged in the production of computers, optics and electronics in Moscow. The industry's industrial production index rose 114% in 2024.

The production of high-tech equipment in Moscow doubled over the year and reached ₽880 billion

The structure of deliveries of high-tech products in 2024:

• Control, measuring and navigation instruments - ₽353 billion
• Computers and peripheral equipment - ₽257 billion
• Communication equipment - ₽131,5 billion
• Printed circuits - ₽80 billion.

The index of industrial production of manufacturing industries in Moscow increased by 17.8% compared to 2023. Small enterprises made a significant contribution to this growth, whose turnover grew by 49% and exceeded ₽2 trillion.

In the structure of Moscow's manufacturing industry, small enterprises occupy 26% of turnover, increasing their share by five percentage points per year. Large and medium-sized enterprises account for ₽5,9 trillion or more than 74% of turnover.

Maxim Liksutov emphasized the role of active support for the industrial sector from the city authorities on behalf of Moscow Mayor Sergei Sobyanin, which allows companies to regularly increase production volumes and strengthen market positions.

The growth in the production of high-tech products in Moscow demonstrates the success of import substitution programs and the development of domestic electronics production. The increase in the share of small enterprises indicates an increase in the competitiveness of small production companies in the high-tech sector.^[5]

New personnel, digitalization and robotization: how the national project "Labor Productivity" affects the economic development of Moscow

As of the beginning of May 2024, more than 300 Moscow companies are participating in the national project "Labor Productivity." Of these, approximately 200 belong to the manufacturing industry - this is almost a quarter of large and medium-sized industrial enterprises in the Russian capital. Such data on May 8, 2024 was published by the Official Portal of the Mayor and the Government of Moscow.

It is noted that the tools of the national project allowed production companies to increase labor productivity by an average of 40%. The capital is characterized by the rapid growth of high-tech industries, a high share of qualified and highly qualified personnel, as well as a low unemployment rate. At the same time, labor productivity indicators in Moscow are about twice as high as the average in Russia. Moreover, almost all key sectors of the capital have significant reserves to improve values.

More than 300 Moscow companies participate in the national project "Labor Productivity"

If the rest of the regions are at least half as close by 2030 to the level of labor productivity that the capital has achieved today, then we will solve the problem of labor productivity in the country as a whole, "says Maria Bagreeva, Deputy Mayor of Moscow, head of the Moscow Department of Economic Policy and Development.

The national project "Labor Productivity" is based on lean production technologies. Resources that are freed up by optimizing workflows are directed to digitalization, automation and robotization. As a result, an additional increase in the efficiency of the enterprise is achieved. The next step is called training, retraining and advanced training of personnel

By 2030, as expected, the national project will cover about 80% of large and medium-sized companies in the industrial sector. In addition, it is planned to extend the program to other industries: among them are construction, transport, tourism, scientific research and development, housing and communal services and health care.^[6]

Banks

2024: 1st place in terms of IT mortgage issuance

Production of drugs and medical devices

Main article: Production of drugs and medical devices in Moscow

Wealthy residents

2024: Named the top 10 cities in the world by the number of billionaires living there. Moscow in 2nd place

As of the beginning of May 2024, there are a record number of billionaires in the world - 2,781 people. This is 141 more than in 2022, and 26 more compared to the previous record set in 2021. Almost a quarter of all billionaires live in 10 cities located in six countries. Such data are given in the Forbes rating, published on May 7, 2024. Read more here.

2023: 35,200 people live in Moscow with a fortune of $1 million or more

The number of dollar millionaires living in Moscow has decreased by 44% over ten years, follows from the data of Henley & Partners. As always, for comparison, the most successful year in the economic history of the new Russia is chosen to demonstrate the most negative dynamics. The first place on the list by the number of millionaires is New York. In Moscow, according to Henley & Partners, 35,200 people live with a fortune of $1 million or more, in New York - 340,000 millionaires.

Unemployment in Moscow

Main article: Unemployment in Moscow

Employment of foreigners in Moscow

2023: Moscow has formed an effective system for administering labor patents

An effective system for administering labor patents has been formed in the capital, which provides a transparent and legal process for the employment and work of foreign citizens, on May 12, 2023, said Maria Vasilevskaya, deputy head of the Department of Economic Policy and Development of Moscow, which is part of the Complex of Economic Policy and Property and Land Relations. Read more here.

Construction in Moscow

Main article: Construction in Moscow

Real estate in Moscow

Main article: Real estate in Moscow

Tourism

Main article: Tourism in Moscow

Cafes and restaurants in Moscow

Main article: Moscow Restaurant Market

Trade

The main articles are:

• Trade in Moscow
• Online trading in Moscow

Services

2024: Service turnover growth by 4.7% to RUB 4 trillion

The turnover of the service sector in Moscow at the end of 2024 reached ₽4 trillion, an increase of 4.7% compared to the previous 2023 in comparable prices. This was announced on March 3, 2025 by the deputy mayor of the capital, head of the department of economic policy and development of the city Maria Bagreeva.

According to RIA Novosti, the greatest contribution to the growth of the service sector in Moscow was made by electronic services, household and transport services. Maria Bagreeva stressed that the service sector in the capital continues to actively develop.

The turnover of the service sector in Moscow for the year increased by 4.7% and reached ₽4 trillion

In the transport sector, revenue in 2024 reached ₽1,4 trillion, an increase of 3.6%. This segment accounts for more than a third of the total turnover of services in Moscow. This growth is due to the continued restoration of air and rail transportation due to the development of domestic tourism, as well as the expansion of the Moscow transport system. In 2024, 8 new metro stations were opened in the city on the Sokolnicheskaya and Troitskaya lines.

The turnover of electronic services, including online cinemas, subscriptions and music sites, increased to ₽350,5 billion, which is 25% more compared to 2023. This dynamics is explained by the growing demand for online content among residents of the capital.

In the field of consumer services, the turnover in Moscow at the end of 2024 increased to ₽257,2 billion, which is an increase of about 9%. About a quarter of this amount - ₽61,2 billion - was provided by car sharing, the revenue of which increased by 20%. The popularity of car sharing among Muscovites is explained by savings in parking and the lack of need to maintain a personal car. This type of transport is also in demand among tourists visiting the metropolis.

Also in Moscow, the demand for construction and repair services is growing. This is due to the fact that developers began to offer housing without decoration for purchase more often, which stimulated an increase in demand for this type of service. In 2024, the turnover of this sphere reached ₽21,4 billion, exceeding the indicators of 2023 by 19^[7]

Investments

2023

Moscow accounts for more than half of venture capital transactions in Russia

In August 2024, it became known that more than half of all venture capital transactions in Russia are in the capital. This indicator confirms the leading role of Moscow as a center of investment activity in the country.

According to a study by the Moscow Innovation Agency, the share of Moscow transactions in 2023 amounted to 65% of the total and 84% in terms of investment, which is significantly higher than in previous years. In his blog, Moscow Mayor Sergei Sobyanin noted that in 2023, 45% of all venture capital transactions in the capital were concluded with the participation of the city.

More than half of all venture capital deals in Russia are in the capital

One of the key tools to support startups is the Moscow Venture Investment Development Fund, which helped attract more than ₽500 million in capital technology projects.

The fund provides several support programs, including concessional loans for start-up companies. This program has been operating since 2012 and has already helped more than 100 companies, the total investment of the fund exceeded ₽1 billion, and private investment - ₽3,5 billion. In 2024, the maximum loan size was increased to ₽50 million, and six companies have already received financing in the amount of ₽38 million.

According to Oleg Teplov, Director General of the Moscow Venture Fund, the fund is actively expanding its programs, including new areas of support for projects at the stages of early growth and expansion. These programs allow companies to receive funding of up to ₽300 million with co-investors, which contributes to the further development of the venture capital investment market.

In addition, in 2024, a program was launched to support companies planning an IPO. For such companies, funding of up to ₽100 million is provided to cover the costs associated with preparations for entering the public market.^[8]

Delivery robot and digital mentor: In which projects Moscow invested 114 million rubles

Since the beginning of 2023, 68 grants for testing innovations have been approved in Moscow. Their total amount amounted to 114 million rubles. Deputy Mayor of the capital Natalya Sergunina told about this on August 25, 2023.

One of the developments that is being tested at VDNKh is a new delivery robot called AI Kolobok. It is a self-propelled ball about 40 centimeters in diameter. The device moves, rotating 360 degrees. Kolobok will be able to deliver small parcels, documents and products.

Also in Moscow, by the end of August 2023, an innovative lamp for growing roses is being tested. The reflector in it, unlike standard lighting fixtures, is located inside, not outside, while part of the mirror flask is covered with silver spraying. This design provides the maximum reflectance. The use of this lamp is expected to increase yields by at least 10-15%.

A compact device for water purification "Kavitek-Aqua" in a trial mode was introduced into the water supply system in the Zelenograd Development Corporation.

In addition, a virtual reality chemical laboratory, a platform for conducting remote consultations with doctors and psychologists, a web service for automating the assessment of the cost of housing are being tested at city sites.

The program for innovators has already shown its relevance and effectiveness. In total, with the support of the city, developments from 16 industries will be tested at the capital's sites: culture, information technology, entrepreneurship, medicine and others, - said Natalya Sergunina at the end of August 2023.

It is noted that up to two million rubles are allocated for each technological solution that is being tested at enterprises, in technology parks and other metropolitan institutions.^[9]

2022

21.2% of investments in fixed assets of Russia fell on Moscow

21.2% of investments in fixed assets of Russia in 2022 fell on Moscow, which is 3 percentage points more in comparison with 2021. Vladimir Efimov, deputy mayor of the capital for economic policy and property and land relations, spoke about this in mid-June 2023.

Moscow continues to confirm its high level of business activity and play a significant role in the development of the country's socio-economic well-being, he stressed.

According to the head of the Department of Investment and Industrial Policy of Moscow, Vladislav Ovchinsky, the volume of investments in fixed assets of Moscow in 2022 exceeded 5.9 trillion rubles, which is 2.2% more in comparable prices than a year earlier. At the same time, about 4.4 trillion rubles fell on large and medium-sized businesses, which allocated funds for the construction of non-residential buildings, landscaping, as well as the purchase of machinery and equipment.

For five years, from 2018 to 2022, Moscow's share in the total investment in fixed assets of Russia increased by 7.2 percentage points. As reported on the official website of the mayor of Moscow in June 2023, the city offers potential investors attractive conditions for the development of their business. Thus, a large sales market for products with high purchasing power has been created in the capital, as well as a large pool of support measures. It is noted that enterprises do not need to confirm compliance with the conditions for the provision of special statuses - all of them will be extended automatically. Industrial enterprises can take advantage of preferential land leases to implement large-scale investment projects.^[10]

Investors invested 5.9 trillion rubles in the Moscow economy

Investors invested about 5.9 trillion rubles in the Moscow economy at the end of 2022, which is 2.2% more than a year ago. Metropolitan Mayor Sergei Sobyanin wrote about this in his Telegram channel on March 31, 2023.

According to him, the bulk of the money was invested by large and medium-sized businesses - about 4.4 trillion rubles. Entrepreneurs invested in the purchase of machinery and equipment, the construction of non-residential buildings, landscaping, etc.

The fact that the volume of investments showed an increase in 2022, despite sanctions pressure and economic uncertainty, Sobyanin linked, among other things, with the package of anti-crisis measures for business, which the Moscow government adopted in March 2022.

This includes, for example, subsidizing interest on loans taken to expand production, a preferential rate of 1 ruble per year for renting a site for large-scale investment projects and other programs.

Entrepreneurs concluded 13 such agreements for the year of existence of the benefit. In addition, the mayor of Moscow recalled that preferential investment loans are also provided to industrialists and investors who create non-residential facilities in the capital. The Moscow Fund for Industry and Entrepreneurship Support allocated 20 billion rubles for these programs.

As noted in the capital's mayor's office, in the current economic conditions, the Moscow Government has adopted a number of additional support measures that will allow companies to continue to maintain investment activity. Investors can take advantage of preferential land leases at a rate of one ruble per year: this is possible if the company draws up a site for the design and construction or reconstruction of industrial facilities.^[11]

The venture capital market exceeded the pre-pandemic level

In 2022, 119 transactions worth $658 million were concluded in the Moscow venture financing market (VC), the Moscow Innovation Agency said in early March 2023. They noted that the volume of investments in comparison with 2021 decreased, but it exceeded the level that was before the COVID-19 coronavirus pandemic.

Experts explain the decline in 2022 "a return to a normal situation after the overheating of the venture capital market in 2021." Overheating, according to analysts, happened due to pent-up demand for technology, inflated estimates of technology companies and low interest rates. Also, the market volume was influenced by the sanctions imposed after the start of Russia's special operation in Ukraine.

In 2022, 67% of the total number of capital transactions came from pre-seed and seed investments. Investments were more often attracted by IT companies with B2B products, while the share of "newcomers" in the VC market increased. Business Angels participated in 44% of the deals. They accounted for more than half of the total and investment of pre-seed and seed rounds. Most private investors come from the corporate environment, including top management or division directors.

In 2022, companies more often than a year earlier attracted investments to refine the current product, which may be due to the need to quickly look for new opportunities in the new economic reality. So, many companies begin to work with new target audiences or enter new geographies, and for this it is necessary to adapt the functionality of the product.

In 2022, Moscow startups began to look more often at other regions of Russia as potential markets for business expansion. The share of those who plan to spend investments on domestic expansion doubled in 2022.

2021

Investors invested 24 trillion rubles in Moscow's housekeeper over 10 years

Over the past 10 years, the volume investments of fixed assets in the capital has increased 2.7 times. In total, during this period economy Moscow , 24 trillion rubles were invested in investors. This was announced on November 3, 2021, according DIPP of Moscow to the Deputy Mayor of Moscow for Economic Policy and Property and Land Relations Vladimir Efimov.

Moscow is one of the most investment-attractive megacities. From 2011 to 2020, investors' investments in fixed assets in the capital amounted to 24 trillion rubles. If we talk about the annual volume of investments, then over 10 years it has increased 2.7 times. In the next 5 years, due to the implementation of large infrastructure projects, we expect an even greater increase in entrepreneurial activity. The volume of investment in fixed assets in real terms should grow by more than a quarter. According to our forecasts, pharmaceuticals, medicine, chemical industry, instrumentation and microelectronics will become the leading industries for investments, "said Vladimir Efimov.

According to Vladimir Efimov, even in the difficult economic situation associated with the pandemic, coronavirus investors continued to invest in the city. So, according to, information Rosstat the investments of the capital's enterprises in 2020 amounted to 3.6 trillion rubles, exceeding the indicators of 2019.

Investment activity also increased significantly in the first half of 2021: investments in fixed assets for this period amounted to 1.4 trillion rubles, which in comparable prices is 20.9% higher than the same period in 2020 and 19.7% more than in the first half of the pre-pandemic 2019. In November 2021, the capital accounts for about 18% of the all-Russian volume of investments in fixed assets and about half of Russia's foreign direct investment, "explained Alexander Prokhorov, head of the Moscow Department of Investment and Industrial Policy.

In January-June 2021, the share of extrabudgetary investments in Moscow amounted to 77%. Most of the funds - 39.4% of the total - fell on machinery and equipment. 30.9% of funds were allocated for the construction of real estate (except for residential) and landscaping, 14.2% for the creation of intellectual property, and 13.4% for housing construction.

The Moscow Targeted Investment Program plays an important role in stimulating the development of capital enterprises and investment activity. Its volume for 2021-2023. exceeds 1.9 trillion rubles. The city directs these budgetary funds to the implementation of priority projects in transport, social sphere and improvement. For each ruble invested by the capital, there are more than 3 rubles of private funds.

The system of business support measures also has an impact on the formation of a favorable investment climate. The capital offers companies tax and financial preferences. Thus, the city assigns to enterprises the statuses of an industrial complex, a technopark, an anchor resident of a technopark, an investment priority project (IPP). The reduction in the regional tax burden for such companies is 17-25%.

As of November 2021, 129 Moscow companies are entitled to various benefits. Largely thanks to this support, investments in the metropolitan economy of existing enterprises with special statuses over the past five years have amounted to 99.5 billion rubles, more than 121.5 thousand people are employed in these companies. And new investment projects, which are provided with tax support, will bring 33.8 billion rubles to the Moscow economy, "said Artem Barashev, director of the City Investment Management Agency.

Investment rating Baa3 with a "stable" forecast

Moody's Investors Service experts at the end of January 2021 reported that they see no reason to reduce the investment level of the rating of the Russian capital - it is at the level of Baa3 with a "stable" forecast. Experts are counting on a dynamic recovery of the city's economy, despite a decrease in business activity due to the coronavirus pandemic.

2020

Investors invested 24 trillion rubles in the Moscow economy over 10 years

Investors invested 24 trillion rubles in the Moscow economy from 2011 to 2020. This was announced in early November 2021 by the deputy mayor of the city for economic policy and property and land relations Vladimir Efimov. According to him, investors' investments in fixed assets of the Russian capital over 10 years have grown 2.7 times.

In the next five years, due to the implementation of large infrastructure projects, we expect an even greater increase in entrepreneurial activity. The volume of investments in fixed assets in real terms should grow by more than a quarter, - said Efimov, whose words are quoted on the official website of the mayor of Moscow.

He added that pharmaceuticals, medicine, chemicals, instrumentation and microelectronics should become the leading industries for investment.

It is noted that investment activity To Moscow in remains high even during the coronavirus pandemic. COVID-19 According to the data, Rosstat the investments of the capital's enterprises in 2020 amounted to 3.6 trillion rubles, exceeding the indicators of 2019.

Moscow accounts for about 18% of the all-Russian volume of investments in fixed assets and about half of Russia's foreign direct investment, said Alexander Prokhorov, head of the Department of Investment and Industrial Policy.

The Moscow authorities say that the development of urban enterprises and investment activity is helped by a targeted investment program, the volume of which for 2021‒2023 years exceeds 1.9 trillion rubles. This money will be spent on the implementation of projects in the transport and social spheres, the field of improvement. For each ruble invested by the city, there are more than three rubles of private investment. In addition, Moscow offers companies tax and financial preferences.^[12]

Investing 3 trillion rubles in the Moscow economy (+ 2 %)

In 2020, more than 3 trillion rubles were invested in the Moscow economy. There was an increase of 2% compared to 2019, despite the COVID-19 coronavirus pandemic, according to the portal of the mayor and the city government.^[13]

The three-year investment program in the amount of 1.8 trillion rubles involves the creation of new social and road transport infrastructure facilities, the modernization of public transport rolling stock, and housing construction. Employment indicators will also recover and remain favorable in the current macroeconomic situation.

It is expected that Moscow's high investment in the development of urban infrastructure, as well as a diversified economy and stable consumer demand, should help improve the economic situation in the capital. Russia

History

2024: Sobyanin: Moscow annually transfers 4 trillion rubles to the budget of the Russian Federation

Moscow annually transfers 4 trillion rubles in. This was Budget of the Russian Federation announced on August 13, 2024 by the mayor of the capital. Sergei Sobyanin More. here

1988

1967

Notes