Investments in fixed capital of Moscow increased by 2.7 percent

“Today, Moscow accounts for 20.5 percent of the all-Russian volume of investments in fixed capital. Even under the conditions of sanctions pressure, investments are growing steadily,” the deputy mayor assures. 4 trillion rubles, which is 2.7 percent higher than in the comparable period of 2021. At the same time, large and medium-sized businesses invested 2.6 trillion rubles.”

The main investments were in the construction of non-residential buildings and structures and land improvement – 34 percent of the total. The share of investments in machinery and equipment was 31.3 percent, in the creation of intellectual property objects – 17.7 percent, in the construction of residential buildings and premises – 16.5 percent. At the same time, 50.3 percent of the total volume was financed by large and medium-sized enterprises from their own funds.

As Vladislav Ovchinsky, head of the Moscow Investment and Industrial Policy Department, noted, with the departure of foreign investors, businesses have the opportunity to occupy free niches in the capital’s market. He recalled that a wide range of support measures from the city is available to entrepreneurs. For example, this year, enterprises do not need to confirm compliance with the conditions for granting special statuses – all of them will be automatically extended. Industrial enterprises can take advantage of preferential land leases to implement large-scale investment projects.

The city provides preferential loans to industrial enterprises and investors who create non-residential facilities in the capital. An additional 20 billion rubles were allocated to the Moscow Fund for the Support of Industry and Entrepreneurship for these programs.

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