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Capital investment in Moscow up 5 prc for first time in years

April 26, 2012, 3:01 UTC+3
The year 2011 was on the whole good for Moscow in terms of economic growth: the gross regional product increased by 4 percent
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MOSCOW, April 26 (Itar-Tass) —— In 2011, for the first time in years, capital investments in Moscow’s economy increased by 5 percent, Moscow Mayor Sergei Sobyanin said.

“The year 2011 was on the whole good for Moscow in terms of economic growth: the gross regional product increased by 4 percent, real salaries grew, and unemployment is at its all-times low,” the mayor said.

“Let me emphasise specifically that we managed to reverse a negative downward trend in investments last year and they increased by 5 percent in 2011 for the first time in years,” Sobyanian said, adding that these are good results indicating that the city’s economy has a good future.

 

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