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6 September 2021, 07:06

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Photo by E. Samarin.

This amount exceeds last year’s figures.

In the first six months of 2021, investors invested 1.4 trillion rubles in the Moscow economy. This is almost 21 percent more compared to the same period last year.

“In the second quarter of this year, investments in the capital’s economy increased by 23.5 percent compared to the same period last year and amounted to 852.9 billion rubles. And for six months, the volume of private investments in fixed assets in Moscow reached 1.4 trillion rubles, which exceeds last year’s figures by 20.9 percent. The city has created optimal conditions for business development, and despite the pandemic and its consequences, Moscow companies continue to invest in the economy and development of the capital, ”said the Deputy Mayor of Moscow for Economic Policy and Property and Land Relations

Vladimir Efimov

Today, the capital accounts for about 18 percent of the total Russian investment in fixed assets and about half of foreign direct investment in the country’s economy. The volume of investments in fixed assets in Moscow over the past 10 years has increased in comparable prices by 2.7 times.

“The share of off-budget investments in Moscow in the first half of 2021 amounted to 77 percent. Most of the companies invested in machinery and equipment: this segment accounted for 39.4 percent of the total investment. For the construction of real estate and land improvement, 30.9 percent of investments were allocated, for the creation of intellectual property – 14.2 percent, for the construction of housing – 13.4 percent, ”said the head

Department of Investment and Industrial Policy Alexander Prokhorov.

The development of capital enterprises and investment activity is helped by the Targeted Investment Program, the volume of which for 2021–2023 amounted to 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 every ruble invested by the capital, there are more than three rubles of private investment.

The city supports investors. For example, industrial companies are entitled to special statuses and tax cuts, and 126 companies are already enjoying these benefits. The money saved is invested in production, increasing the volume of supplies, entering new markets.

Companies that have the status of an industrial complex, a technopark and an anchor resident have invested about 98 billion rubles over the past five years. Industrial enterprises can issue an investment tax deduction for income tax.

Two projects to create jobs outside the TTK approved in the capital The investor will build a kindergarten and a school in Moskvorechye-Saburov

Moscow is constantly developing new support measures, emphasized Svetlana Ganeeva, director of the City Investment Management Agency. Since 2020, a program has been in effect to stimulate the creation of places of employment. It lies in the fact that developers receive benefits if, simultaneously with housing, they build commercial and social facilities outside the Third Transport Ring. The city has already signed six such agreements, four of them this year. Together, investors will invest 27.6 billion rubles.

On investment portal of Moscowinvestors can find information on measures to support industry, tax regimes and incentives, apply for a special status, make a proposal for investment activities, send a request for a soft loan or subsidy. Companies can get a quick answer by using the Moscow Investor service.

The investment portal was created with the support of the Moscow Government. More than 8.6 thousand users visit it daily. The portal has 53 thousand registered personal accounts, which provide full access to resource functionality

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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