Moscow Entered Top List of European Innovative Cities

Moscow has improved its position in the international Tech Cities of the Future rating of the fDi Intelligence analytical agency taking 14th place among 76 cities in Europe, according to the official website of the city mayor. The leaders of the rating were London, Paris, and Dublin. 

Tech COF overall rankings
Picture: fDi Intelligence

It is noted that the rating evaluates the cities that have created the most favourable conditions for the development of investments and start-ups in technology and innovation. In the assessment, statistical indicators are calculated on economic potential, the startup ecosystem, the attractiveness of innovation, economic costs, and investment.

As the Deputy Mayor of Moscow, Natalya Sergunina, stated, according to the Startup Ecosystem, Moscow entered the top 10 of the rating and took 6th place in this section.

“Even in an epidemiologically difficult year, Moscow managed to improve its performance compared to other European cities […] The successful implementation of all large-scale investment projects will give the city over 1.2 thousand new jobs. Technoparks, a meat processing plant, production of percussion instruments, and an instrument-making complex will appear in the capital,” the Deputy Mayor of Moscow for Economic Policy and Property and Land Relations, Vladimir Efimov, said.

“Foreign investors come to Moscow from European and Asian countries, as well as from the United States. They are attracted by the favourable business climate in the city, developed infrastructure, and the availability of highly qualified personnel. In addition, foreign investors can receive support from Moscow along with Russian entrepreneurs,” the Head of the Department of Investment and Industrial Policy of Moscow, Alexander Prokhorov, said.

He added that the volume of accumulated foreign direct investment as of January 1, 2021, from Germany amounted to $7.4 billion, from France to $4.6 billion, and from Finland to $4.1 billion.

Ru-Main, 18.08.2021  

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