Within the frame of the session “The Impact of the investment environment on the finances and the economy of the city”, the Deputy Mayor of Moscow in the Moscow Government for economic policy and property and land relations Vladimir Efimov said that the shadow economy of Moscow, which was 20%, reduced by half: “At least a third of those additional funds - this is the result of "whitewashing" of the company as a result of the work of tax service. With the introduction of tax forms into the self-employed mode, we are slowly pulling it into a “white channel”.

Vladimir Efimov noticed that one of the key criteria for granting exemptions to enterprises in Moscow is the wage level. The higher it is, the more high-tech is the workforce at this enterprise with “white” workplaces.

Concerning the investment environment in Moscow, the vice-president of Sberbank of Russia Vyacheslav Tsybulnikov spoke about the fact that Moscow has a self-sufficient budget, it does not need money: “It is the leader of digital transformation. It has very high requirements to the quality of service.”

The Deputy general director of the ZAO “Renault Russia” Tatyana Redko expressed the view that the power of a global city is determined by the degree of concentration of the headquarters of national companies: “Renault” made its choice - it opened the largest digital-hub in Moscow."

In the course of the discussion, Moscow was compared several times with the largest foreign cities, particularly with London. “We compared the investment structure of Moscow and London, it is very similar hitting one and the same. Transport and communications are much larger than in London. This is explained by an active investment policy in the transport sector, ” — informed the Director for regional projects of the RDIF, the Head of the Center for attracting investments in Russian regions Alexander Malakh.

In his turn, the moderator of the session, the president of the Moscow School of Management “Skolkovo” Andrey Sharonov noted that Moscow was suffering from sanctions, and London from Brexit, they were in similar conditions. 

The session also touched on the issues of migration policy in Moscow, development of transport infrastructure and work with foreign investors.