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Moscow takes fifth spot among Europe’s most attractive cities for investors

May 10, 18:30 UTC+3 MOSCOW

Moscow was seventh in 2016/2017 rating

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© Alexandr Sherbak/TASS

MOSCOW, May 10. /TASS/. Moscow has taken the fifth spot among Europe’s most attractive cities from the viewpoint of foreign investments for the first time ever, press service of Moscow’s department for economic policy and development reported on Thursday.

"Russia’s capital has improved its performance in the prestigious rating of attractive cities for investment in Europe. This year Moscow is among top five most interesting cities of the continent for making investments, and it has taken the first spot in the rating of Eastern European cities," department head Vladimir Yefimov was quoted as saying.

Moscow was seventh and tenth in 2016/2017 and 2014/2015 ratings, respectively, he added.

fDi’s European Cities and Regions of the Future ranking seeks to find the most promising cities and regions across the whole of Europe twice a year. It examines five main areas - economic potential, world of work, expenses of doing business, infrastructure, and environment for doing business.

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