About 14% of all Russian perfume and beauty products are manufactured in Moscow

11 April 2017

To support enterprises, the Moscow Government reduces ground rent rates and also offers tax benefits. Sergei Sobyanin has inaugurated new manufacturing lines at one of Russia’s biggest cosmetics manufacturers, Faberlic OJSC. Faberlic may become Moscow’s 25th enterprise to gain industrial complex status. Benefits allow enterprises to reduce their regional tax burden and payments by 10–20%.