The volume of furniture production in Moscow has grown by a quarter since the beginning of the year

From January to May 2023, the volume of furniture production at Moscow enterprises increased by 25.2 percent compared to the same period last year. This was reported by Vladimir Efimov, Deputy Mayor of Moscow for Economic Policy and Property and Land Relations.    

«Today, 90 furniture factories operate in Moscow, four of which belong to medium and large enterprises. In the first five months of this year, the turnover of the capital's furniture manufacturers amounted to 7.88 billion rubles, which is 43.2 percent higher than the figure for the same period in 2022», said the Deputy Mayor.  

The enterprises produce a wide range of furniture products from various materials for home, office, trade and warehouse premises and socially significant objects.

«The total volume of products shipped by city furniture companies in the reporting period amounted to 5.33 billion rubles. Moscow enterprises continue to increase production capacity and expand the range of manufactured furniture products for medical and preventive institutions: medical beds, cabinets, tables, patient transportation couches and other products», added Vladislav Ovchinsky, Head of the Department of Investment and Industrial Policy of Moscow.

Moscow is a city with developed production. There are almost four thousand industrial sites operating in the capital, employing over 720 thousand people. At the same time, 40 to 50 medium and large enterprises, as well as about 100 small ones, are opened every year. The most diverse goods are made here: clothes, footwear, cosmetics, furniture, decorative items, medicines, medical equipment, complex machinery and much more.

The development of Moscow production facilities is facilitated by the support of the city. For example, investors are granted city land plots on lease for the realization of large-scale investment projects without tenders. In addition, the Moscow City Government offers a number of additional tools to support business, the list of which includes preferential taxation, provision of various subsidies and issuance of investment loans.