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MIL OSI Translation. Region: Russian Federation –

Source: Moscow Government – Moscow Government

In two months, 10 events from the cycle of seminars for Moscow manufacturers and investors as part of the implementation of the regional investment standard were held in the capital. They were attended in person by about 500 people, and more than 300 thousand more joined online. Speakers were representatives of city departments, executive authorities and energy companies.

“We hold such events every year. They remain one of the effective channels of communication between the city and investors, and also provide an opportunity to get feedback from businesses. Participants can not only learn details on the topic of interest, but also come to the seminar with a specific request and receive expert advice. In addition, if additional questions arise, investors and industrialists can clarify the information

on the Moscow investment portaland also apply for benefits, loan compensations, apply to the industry support center and receive other assistance. In 2023, the functionality of the portal was significantly expanded. As a result, the online services of the portal were used 197 thousand times, which is 18.5 percent more than in 2022,” said the Minister of the Moscow City Government, Head of the Moscow Department of Investment and Industrial Policy. Vladislav Ovchinsky.

At the seminars, the participants were told about communications to the facilities, registration of property rights and new opportunities when renting and buying land plots from the city. In addition, the trainees learned about available business support measures.

For example, for the development of the capital’s industrial enterprises, the city has developed a number of effective support tools, one of which is the program of preferential investment lending. It is being implemented by Moscow Industry and Entrepreneurship Support Fund. The program has shown high efficiency in the use of budget funds: up to 55 rubles of private investment per one ruble of support provided.

In addition, the city provides investors with land for one ruble per year for the construction of production facilities as part of large-scale investment projects.

In total, more than 20 support measures are available, and several instruments can be used simultaneously. A set of measures aimed at increasing the investment attractiveness of the capital for domestic industrialists and the development of production is being implemented on behalf of Sergei Sobyanin.

More information on Moscow’s economic policy and property and land relations can be found on the following website economy.mos.ru.

Please note; This information is raw content directly from the source of the information. It is accurate to what the source states and does not reflect the position of MIL-OSI or its customers.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

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

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