Scandinavian investments in Moscow last year amounted to more than a billion dollars

Investors from Scandinavia are most interested in the high-tech and the industrial sector, with the financial sector and the insurance sector in second place.

The offices of Oriflame, Ericsson manufacturing complex, AstraZeneca pharmaceutical manufacturing company are in Moscow.

Danish companies are also extensively represented in the capital: the developer of drainage systems – Blucher Metal, the manufacturer of children’s constructors – LEGO GROUP, the logistics company – Blue Water Shipping.

The ABB enterprise to produce electrical equipment, robotics, automation, and electric drives is successfully operating in the city. Swedish investments also formed the basis for the establishment of a large telecom operator Tele2.

Moscow is making significant efforts to improve the investment climate: it improves infrastructure, presents locations for production detail, uses offset contracts that guarantee municipal purchases of products in exchange for investments and long-term contracts that give manufacturers of products a production load for several years ahead.

The amount of accumulated foreign investments in the capital of Russia as of July 1, 2021, amounted to
$ 267 billion.