TravelTill

Economy of Moscow


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ow watch factory produces reliable military, professional and sport watches well known in Russia and abroad. Yuri Gagarin in his trip into space used "Shturmanskie", produced by this factory.

 

ZiL street sprinkler in Moscow

The Electrozavod factory was the first transformer factory in Russia. The Kristall distillery is the oldest distillery in Russia producing various vodka types, including "Stolichnaya" while a wide assortment of wines are produced at several Moscow wine plants, including the Moscow Interrepublican Vinery. The Moscow Jewelry Factory and the Jewellerprom are important producers of jewellery in Russia; Jewellerprom used to produce the famous and exclusive Order of Victory, awarded to those aiding the Soviet Union's Red Armyduring World War II. There are also many other industries located just outside the city of Moscow, as well as many microelectronic industries in Zelenograd.

Gazprom, the largest extractor of natural gas in the world and the largest Russian company, has head offices also in Moscow, as well as many other oil, gas and electricity companies.

Moscow also hosts headquarters of various software development companies, including such as:

*    1C Company�business software and games producer

*    ABBYY software house�developer of text recognition and translation software,

*    Akella�game developer company

*    Kaspersky Lab�worldwide-known producer of anti-virus software,

Additionally, some industry is now being transferred out of the city to improve the ecological state of the city. Nevertheless, Moscow remains one of Russia's major industrial centers.

Living costs

During Soviet times, apartments were lent to people by the government according to the square meters-per-person norm (some groups, including people's artists, heroes and prominent scientists had bonuses according to
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