Economics by Tile International
Russia enters the world top 30 countries, spearheaded by its building industry
The World Bank’s Ease of Doing Business Rating 2020, which was released in late October 2019, has ranked Russia at 28th place out of 190 countries.
The rating takes into account 10 different parameters, and Russia’s place is determined by performance indicators of Moscow and St. Petersburg. Russia has raced up the ratings in recent years, from coming in at 123rd in 2011 to breaking into the top 30 in 2019.
Russia’s National News Service is attributing this progress to the country’s building industry, which has seen a high growth rate for the second year in a row.
According to Marat Khusnullin, Head of the Moscow Construction Complex, such progress in the ratings were in part due to the implementation of a whole range of measures that allow developers to build faster and easier in Moscow.
“Over the past two years, we’ve been very active in digitising the building permit process. So you can now submit all documents and receive permission electronically over a period of just five days. We’ve also optimised the process of connecting to utility networks,” Mr Khusnullin explained.
In view of this news, the 2020 construction season in Russia promises to be considerably active.
In this very positive business environment, Mosbuild 2020 will take place from 31 March to 3 April 2020 at Crocus Expo IEC, Moscow, celebrating 26 years of success. The show is the Russia’s leading build and interiors trade show, annually attracting over 1,200 manufacturers and suppliers and over 77,300 trade visitors actively looking for new products and materials and to find new partners.