Sunday, August 20, 2017

Yekaterinburg falls in Best Business Cities list

According to a 2012 Forbes survey released on Wednesday, Yekaterinburg has made it onto Russia's top 30 best cities for doing business.

This year marks the fourth year running that the business magazine has published a top list of Russian cities in which to do business. The rankings are based on several variables, including taxes, infrastructure, administrative barriers, human and financial resources, and population, RIAN.ru reports.

This year, the Russian resort city of Sochi topped the list of Russia's 30 best cities for doing business. The report found that the Black Sea town has the least administrative pressure, as well as tax officials who are tolerant to local businesses. This year, second place went to the southern Urals city of Ufa, and third place went to the Urals city of Chelyabinsk, each trailing only slightly behind Sochi.

The last time that the studies were done was in 2010, when the top three cities were Krasnodar in the Russian south, Khabarovsk in the Russian Far East and Yekaterinburg, according to RIAN.ru.

This year, the remaining top 10 best cities for doing business included Tyumen, Nizhny Novgorod, Makhachkala, Kazan, Ulan-Ude, Krasnodar and Rostov-on-Don.