History: Then And Now, Moscow, Russia

In 2008, Moscow ranked top on the list of most expensive cities for the third year in a row.
Future development
The "Moscow International Business Center" (Moscow-City) is a projected new part of central Moscow. Geographically situated in Presnensky District, located at the Third Ring, the Moscow-City area is under intense development. The goal of MIBC "Moscow-City" is to create a zone, the first in Russia, and in all of Eastern Europe, that will combine business activity, living space and entertainment. It will be a city within a city. The project was conceived by the Moscow government in 1992.