Press Business
No Result
View All Result
Sunday, December 8, 2019
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • Tech
  • Real Estate
Submit post
Press Business
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • Tech
  • Real Estate
No Result
View All Result
Press Business
No Result
View All Result
Home Economy

Russian Cities to compete with global cities for investment capital — Tikhonov

Denis Tikhonov — the Head of the Department of Economic Policy and Development of Moscow — has participated in “Creating the cities of the future: where to start?” session of the Eastern Economic Forum. He announced that nowadays global competition between cities for human and investment capital is raging and Russian megacities are expected to meet this challenge.

3 months ago
in Business, Economy
0
1
SHARES
8
VIEWS
Share on FacebookShare on Twitter

He reminded that the quality of human habitat is assured by cities & the education possibilities. In other words, the quality of healthcare & transport infrastructure has greater significance than the place of birth and jurisdiction for city dwellers.

“This is a challenge for both Moscow and other Russian metropolitan areas: it is necessary to create comfortable habitat here, so that the people do not flee abroad, in which Moscow has succeeded recently,” Tikhonov also noted.

According to him, urban agglomerations are generally more efficient in terms of economy — today 50% of the global population lives in cities, and produces 80% of the world’s GDP. It is clear that in megacities production costs are lower, competition is greater, and the conditions for self-realization are better, Tikhonov added.

He mentioned that the productivity of large urban agglomeration resident is twice as big as of a small town resident’s. Just as only 8.5% of the country’s population lives in Moscow, but more than a quarter of the national GDP is created here. The head of the department said that Moscow accumulates about 16% of investment in fixed assets, 50% of foreign direct investment.

Moscow has the largest number of jobs & creates additional 3.5 million jobs in other regions. Having this in mind, both Russia and Moscow are far behind some global agglomerations leading in resources concentration, he emphasized.

Only 12 Russian cities are among the TOP-600 largest cities in the world, and only two — Moscow and St. Petersburg — are in the TOP-100 largest agglomerations. Relative GRP values (per square km) in Moscow is somewhat four times lower than in New York, and half as high as in Paris. At the same time, the share of budget revenue per capita in these capitals is at the same level.

“We have something to strive for — it is increasing the economic density of our city”, Denis Tikhonov said. One of the main tasks for the city authorities today is to provide a favorable business environment, he explained.

Moscow ranks #1 in the national rating of the investment climate according to the Agency for Strategic Initiatives. “Development of the Russian cities, the increase of their competitiveness is the cornerstone of sustainable development of the national economy”, — summarized Tikhonov.

Vladimir Yefimov, the Moscow Deputy Mayor for economic policy and real estate relations, has previously reported that the amount of investments in fixed assets in Moscow in the first half of 2019 increased by 19.5% compared to the same period last year. It is 946 billion rubles.

The large-scale program of the Moscow development is one of the key drivers of investment activity. Moscow Address Investment Program 2019-2021 amounts to 1.6 trillion rubles in total. The Program deals with strategic projects in transport, social sector, city beatification, development of the new territories etc.

Click here for further information

Tags: Click here for further information
Previous Post

Why Cosmetic Manufacturers Work with Contract Packagers?

Next Post

How to Accept Credit Card Payments - Let Your Customers Spend the Way They Want

Next Post
How to Accept Credit Card Payments – Let Your Customers Spend the Way They Want

How to Accept Credit Card Payments - Let Your Customers Spend the Way They Want

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Plastic chairs products

Plastic chairs products

November 3, 2018
Tips for Expanding Your Tirupur Textile Client Base to a Global Market

Tips for Expanding Your Tirupur Textile Client Base to a Global Market

June 20, 2019

Constructing the future of Africa

January 22, 2019

Uber Hacking: Customers Not at Risk of Financial Crime, Says Minister

June 18, 2018
FNOL Execution in Inclement Conditions

FNOL Execution in Inclement Conditions

0

Ensure you receive a tax deduction for that charitable donation

0
Assassin’s Creed Odyssey Review – Fighting For Glory

Assassin’s Creed Odyssey Review – Fighting For Glory

0
Mobile Phone Spy Software – Easy To Get And User Friendly

Mobile Phone Spy Software – Easy To Get And User Friendly

0
FNOL Execution in Inclement Conditions

FNOL Execution in Inclement Conditions

December 5, 2019

Mold Allergy – The Causes and Symptoms

December 3, 2019
Things You Should Know When Hiring a Pest Control Company

Things You Should Know When Hiring a Pest Control Company

December 2, 2019
Types of Commercial Cleaning Services

Types of Commercial Cleaning Services

December 2, 2019

Recent News

FNOL Execution in Inclement Conditions

FNOL Execution in Inclement Conditions

December 5, 2019

Mold Allergy – The Causes and Symptoms

December 3, 2019

Categories

  • Business
  • Cryptocurrency
  • Economy
  • Gadget
  • Game
  • Health
  • Markets
  • Opinion
  • Politics
  • Real Estate
  • Startup
  • Tech
  • Uncategorized
  • World

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links
Press Business

Press Business is an ultimate website news portal covering most happening news across the World.
Contact us: mubeenh782@gmail.com

Copyright ©2018 Oath Inc. All rights reserved. Press Business News

No Result
View All Result
  • Advertisement
  • Contact Us
  • Homepages
    • Home 1
    • Home 2
    • Home
    • Home 4
    • Home 5
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • Tech
  • Real Estate

Copyright ©2018 Oath Inc. All rights reserved. Press Business News

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In