Kazan one of Russia’s best cities for doing business

Forbes Russia has today published a list of Russia’s best cities for doing business. Kazan has again been included on the top five.

This year, Forbes analysed the situation in 30 largest cities. Each of them was provided with a file containing information on both business climate, infrastructure and preferences for businesses, as well as the city’s level of comfort for travelling businessmen, including information on local hotels and restaurants.

The magazine compares 22 indicators of socio-economic development in Russia’s larger cities, excluding Moscow, Saint-Petersburg and the North Caucasus territories that were not considered due to the objective impossibility to rank a degree of safety in the region where hostilities took place not long ago.

The cities are graded based on the total of points depending on 6 groups of indicators: business climate, people’s buying power, social characteristics, infrastructure and level of comfort for doing business by top managers and owners.

Over the year since the first rating list was published, Russia has changed a lot, as has business and the situation in the larger cities due to the crisis. Cities with diversified economy has retained their advantageous positions, as people’s incomes were hit the least there, as have those where authorities provided equal rules for all investors, without protecting local, the more so “court” ones.

The leaders have remained Krasnodar, Kazan, Samara, Yekaterinburg and Novosibirsk, said the magazine’s brand manager Irina Antonova.

Last year, the capital of Tatarstan ranked 3rd, left behind by Krasnodar and Kaliningrad. Kazan managed to outperform the large cities like Samara, Khabarovsk, Nizhny Novgorod, Togliatti and others.