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History: then and now, Moscow, Russia

History: Then And Now, Moscow, Russia

Moscow has the lowest unemployment rate of all federal subjects of Russia, standing at just 1% in 2010, compared to the national average of 7%. The average monthly wage in the city is 41,600 roubles (€1,070), which is almost twice the national average of 21,800 rubles (€560), and the fourth highest among the federal subjects of Russia.
Moscow is the undisputed financial centre of Russia and home to the country's largest banks and many of its largest companies, such as Russia's largest company Gazprom. Moscow accounts for 17% of retail sales in Russia and for 13% of all construction activity. Since the 1998 Russian financial crisis, various business sectors in Moscow have shown exponential rates of growth. Many new business centers and office buildings have been built in recent years, but Moscow still experiences shortages in office space. As a result, many former industrial and research facilities are being reconstructed to become suitable for office use.
However, while the overall stability has improved in the recent years, crime and corruption continue to remain a problem hindering business development.
The Cherkizovskiy marketplace is the largest marketplace in Europe with daily turnover of about thirty million dollars and about ten thousand sellers from different countries (including China, Turkey, Azerbaijan and India). It is administratively divided into twelve parts and covers a wide sector of the city.It is closed from 1 July 2009.

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Filename:159882.jpg
Album name:World & Travel
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Keywords:#history #then #now #moscow #russia
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Date added:Jun 17, 2009
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