Finance Industry Today

Russian Cities to compete with global cities for investment capital — Tikhonov

Denis Tikhonov — the Head of the Department of Economic Policy and Development of Moscow — has participated in “Creating the cities of the future: where to start?” session of the Eastern Economic Forum. He announced that nowadays global competition between cities for human and investment capital is raging and Russian megacities are expected to meet this challenge.
Published 18 September 2019

He reminded that the quality of human habitat is assured by cities & the education possibilities. In other words, the quality of healthcare & transport infrastructure has greater significance than the place of birth and jurisdiction for city dwellers.

“This is a challenge for both Moscow and other Russian metropolitan areas: it is necessary to create comfortable habitat here, so that the people do not flee abroad, in which Moscow has succeeded recently,” Tikhonov also noted.

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