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Столичность нашего города также создает дополнительные



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Столичность нашего города также создает дополнительные удобства для предпринимательства. Москва без преувеличения
является сегодня одним из ведущих мировых центров бизнеса, торговли, банковской и биржевой деятельности. Здесь все рядом: и власть, и ведущие банки России, стран СНГ, дальнего зарубе­жья. Это крупнейший транспортный и телекоммуникационный узел. Все это создает хорошие предпосылки для успешного ведения практически любого дела.
Приход к нам зарубежных инвесторов мы расцениваем не только и не столько как путь привлечения дополнительных финансовых и материальных ресурсов, хотя этот фактор для нас, безусловно, сейчас немаловажен.
* * *
Distinguished ladies and gentlemen, Distinguished colleagues,
Attracting foreign capital and investments is one of the major/ important areas of (our) municipal investment policy. This has become particularly important because of/due to the recent economic problems caused by/resulting from the (well-known) August decisions of the Russian government, of which you are aware, which complicated the financial situation in the country.
I should like to particularly emphasize/stress/underline/highlight/ that Moscow, as an independent subject of the Federation, has not renounced/rejected/abandoned/its commitments and continues to be a reliable associate/interlocutor/for foreign partners/firms. In so doing,/moreover,/Moscow is producing its own plan for a favorable investment climate, taking into account the need for:
first: firm/solid guarantees
second: the establishment/creation of MFN/most favored nation conditions
third: simplification of the procedure for obtaining permission and documents,
and finally, sound/stable business relations between investors and the city administration.
Any city, which has begun to implement/embarked on a policy of/ put into effect a plan for/begun major changes/transformations cannot get by/manage/survive by using only its own resources/limit itself to its own resources/make do with solely its own resources; it always needs/ requires/is in need of external financing.
Investment activity in Moscow is major/high in terms of/Russia/the country as a whole. In 1997 foreign investors invested 8.5 billion US dollars in the Moscow economy, which accounted for 66% of investments in Russia. The same level was true for/held true for/1998.
We understand that western investors are concerned about the degree of risk to their investments, and they are right in counting on a stable political situation in the country, on being guaranteed receipt of an appropriate return for their investments, on civilized/sound/ acceptable norms of/legislation and insurance of their investments, etc.
There is every reason to assert that Moscow has resolved these issues positively/that there have been positive solutions to these problems in Moscow/and this has been demonstrated/proved/attested/ shown by the experience of numerous/many/foreign investors. Suffice it to say that in the last 10 years not a single foreign entrepreneur, foreign company or firm active on the Moscow market, particularly in the construction field, has abandoned such activities/its efforts; rather, there has been expansion of such efforts, despite the economic turbulence/upsets and political strife/struggles.
Confidence in the effectiveness of cooperation stems/derives/results from these specific features and potential of Moscow.
Moscow is indeed a major metropolis by world standards, with significant potential in production and property. It has the highest rate/largest proportion of investment activity in Russia. Despite the
148
serious economic crisis which has overtaken/gripped Russia in recent years, in particular/particularly in August 1998, which was also felt in Moscow, and despite the substantive/substantial decline/drop in production in all areas of the economy, the construction sector of the city has been functioning in a stable and productive manner.

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