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Moscow recognized as one of the best cities for business in The World's 100 Best Cities

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Moscow recognized as one of the best cities for business in The World's 100 Best Cities

Moscow has once again taken the fourth place in the ranking of the World's 100 Best Cities, compiled by Resonance Consultancy. The cities are assessed according to such indicators as tourist attractiveness, convenience for living, working and doing business, the capital's mayor's office said.

"International experts assess not only the capacity of the economy or, say, the cultural environment, they analyze how balanced the city is developing. We have once again confirmed our leadership position, having surpassed the strongest rivals, in particular, Tokyo, Dubai, Singapore, Barcelona and Los Angeles," said Deputy Mayor Natalia Sergunina.

London, Paris, New York and Dubai are in the top five of the ranking.

In compiling the rankings, experts assess statistical indicators in 24 areas grouped into six main categories: place, product, people, economic prosperity, leisure and promotion. In the "Product" category, Moscow was recognized as a leader due to the developed infrastructure, air service and the number of attractions. The city was ranked second in the "Place" category for its high level of security and availability of quality parks. Moscow ranked fifth in the 'Leisure' category, it was in the top three after London and St. Petersburg in terms of the level of education of the population, and in terms of the number of hashtags on Instagram it made it into the top ten.

"This year Moscow has significantly strengthened its position in the group of indicators of "Economic prosperity", showing an increase from 64th to 25th place. The assessment was based on a number of economic indicators, including the unemployment rate and gross regional product per capita," added Deputy Mayor Vladimir Yefimov.

He stressed that the registered unemployment rate in Moscow is now 0.51%, which is the lowest since last April.

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Author: Karina Kamalova

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