Monday, 06 December 2021 05:36 GMT

German business invested $7.8 billion in Moscow


(MENAFN- ForPressRelease) “Today Germany remains one of the largest foreign investors in Moscow: according to the Central Bank, as of April 1, 2021, the accumulated direct investments of the Federal Republic in Moscow reached $7.8 billion. Over the year, the investment increased by about $ 0.4 billion. The trade turnover between Moscow and Germany is also growing: in January-August 2021 it amounted to $ 19.9 billion, which is almost 60% more than in the same period last year,' said Vladimir Efimov, Deputy Mayor of the City of Moscow for Economic Policy and Property and Land Relations.
According to Efimov, exports from the capital of Russia to Germany increased by 93.5% over the year and in January-August amounted to $11.5 billion. Imports from Germany to Moscow for eight months of this year reached $8.4 billion, exceeded the same indicator in 2020 by 29%.
There are many examples of localized German enterprises and offices in Moscow. Thus, productions of the industrial companies Symrise Rogovo, VEKA Rus, NSH Group are located in Moscow. German conglomerate Siemens, operating in the fields of electronics, electrical engineering, energy equipment and transport, maintains the Lastochka trains for the Moscow Central Circle at the Podmoskovnaya depot. In addition, German retail chains Hyperglobus and Metro Cash and Carry operate in Moscow. The companies Bayer, Bautex, Henkel Rus, Profine RUS and others have their representative offices in the Russian capital.
Several enterprises operate in the «Indigo» industrial park on the territory of New Moscow.
The factory of the manufacturer of professional measurement equipment WIKA MERA occupies 5 thousand square meters there. The complex is equipped with a machining workshop with the latest numerical control machines. In addition, 107 jobs have been created at the factory. In its work, the main investments were directed to the development of high-performance technological production lines of pressure gauges made of chrome-nickel steel, diaphragm separators, level gauges, new types of resistance thermometers and thermocouples.
In addition, there is a plant for the production of industrial pumps and pumping equipment of the German concern KSB. This manufacturer is well known in the capital: it is a supplier of equipment for Mosenergo and Mosvodokanal, it also played an important role in the construction of the Moscow Oil Refinery, «Moskvarium», and «Moscow City» Towers. The production complex of the

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