Moscow concentrates a significant part of the country’s financial and economic potential. The most developed industries are:
Financial sector and business services. Moscow accounts for more than 85% of the country’s banking assets and the main share of exchange trades. The city houses the headquarters of more than half of the largest Russian companies.
Trade and Services. The capital is the largest consumer market in Russia with retail turnover accounting for about 30% of the Russian total.
IT and telecommunications. About a third of all employees in Russia’s IT industry work in Moscow. The city leads the implementation of digital technologies; The largest data centers are located here.
Industrial production. The industry remains significant and diversified. Key areas:
• Mechanical engineering: aerospace industry, automotive.
• Food industry.
• Electronics and instrumentation: production of microelectronics, communications and navigation equipment.
Moscow has a developed urban infrastructure and a dynamically growing construction complex. The city is the main tourist center of Russia, receiving more than 20 million tourists annually. Key attractions are the Moscow Kremlin, Red Square, the Grand Theatre, the Tretyakov Gallery and the Zaradye Park.