MIL OSI Translation. Region: Russian Federation –
The capital accounts for half of foreign investment in Russia.
According to the Bank of Russia, the volume of accumulated foreign direct investment (FDI) in Moscow on July 1, 2019 totaled 247,6 billion dollars.
“Today, Moscow accounts for half of FDI stock of Russia. The largest investors of capital are countries such as Germany, Finland, France, Italy, Austria. Most foreign business invests in companies that are engaged in financial and insurance activities in the sphere of trade, industry and high technology, as well as in real estate,” — said the Deputy Mayor of Moscow in the Moscow Government on economic policy and property and land relations
In quite a lot successfully localized foreign enterprises.
“If we talk about foreign investors who localize their production in Moscow this year, in March in the industrial Park “Indigo” opened the first Russian plant of the German company KSB for the production of pumps. The enterprise is equipped with machines, mainly of Russian production. The plant has created 110 jobs. Investment in construction amounted to 750 million rubles,” — said the head of the Metropolitan
Such agreement between the investor and the public partner are a tool of industrial policy. The document record of the economic and financial obligations of the project proponent. The investment contract includes a guarantee of stability of fiscal and other support measures. Among the conditions is the return of all benefits received in case the investor of the undertaken obligations.
“Foreign businesses can always count on various incentives from the government of Moscow. For example, to support new investment projects in the sphere of industrial production, the city provides incentives that reduce the regional tax burden by 17-25 percent,” — said the Director of the City Agency for investment management Leonid Kostroma.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure will not be perfect.