Forbes defined Russia's best cities for business

Forbes defined Russia's best cities for business Forbes magazine published a ranking of Russian cities in terms of convenience for the business, which includes 30 cities with the best, in the editorial board opinion, conditions for running a business. The magazine published the ranking for the fourth time. This year Moscow and St. Petersburg were included for the first time and were at the end of the list. The leaders of the rating are those of the lowest administrative pressure, with tax officials that are tolerant to the business plus available finances.

The top spot went to Sochi. According to experts, this is a very good advertisement for the future capital of the Olympics. Businessmen and Sochi government are confident that the city is worthy of the assigned position, and the well-known international rating publications will have a big impact on its world status and promotion as a resort city.

The second place in the rating went to Ufa, the third - to Chelyabinsk. In addition to them the top ten are Tyumen, Nizhny Novgorod, Yekaterinburg, Makhachkala, Kazan, Ulan-Ude and Krasnodar.

To determine the most favorable city for the business, Forbes used three major studies: Checking the business climate in Russia's regions (New Economic School and Ernst & Young), study of the entrepreneurial climate in Russian regions conducted by Support of Russia and Doing business in Russia of the World Bank. The authors asked entrepreneurs figuring out what prevents them from doing business in Russia. The obstacles are: staff shortage, lack of financial resources, lack of adequate infrastructure, administrative barriers and tax administration