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January 20, 2022, 13:26


Photo by E. Samarin.

December 2021 became the leader in revenue.

In Moscow, in 2021, the turnover of trade and service enterprises reached 14.7 trillion rubles. Compared to 2020, it increased by 39.1 percent, said the Deputy Moscow Mayor for Economic Policy and Property and Land Relations Vladimir Efimov.

“Last year, most sectors of the capital’s economy continued to recover after the crisis of the beginning of the pandemic. At the same time, the sector of trade and services showed the fastest growth rates. Back in November 2020, the turnover of trade and service enterprises in Moscow exceeded one trillion rubles, and for almost the entire 2021, with the exception of the traditionally “low” January, it was above this level. The leader in terms of revenue was December last year, when the sector’s turnover reached a record 1.6 trillion rubles, which is 37 percent higher than December 2020, and 55 percent higher than pre-pandemic December 2019,” said the Deputy Mayor of Moscow.

The turnover of trade enterprises in 2021 increased by 37.1 percent compared to 2020 and amounted to 6.67 trillion rubles, of service enterprises – by 40.7 percent, to 8.05 trillion rubles.

“Last year, the growth leaders were the transportation and storage sector, in which the increase was 81 percent, telecommunications and communications – an increase of 51 percent, public catering and real estate operations – an increase of 44 percent,” said the Minister of the Government of Moscow, head Department of Economic Policy and City Development Kirill Purtov.

He added that in the food trade, turnover in 2021 increased by six percent compared to 2020, in the non-food trade – by 53 percent.

More information about the economic policy and property and land relations of Moscow can be found on the site.

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

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