Businesses

As the economic heart of Russia, Moscow accounts for a significant portion of the nation's GDP. The city is a major financial, retail, and technological hub. The **Moscow International Business Center (MIBC)**, often referred to as Moscow-City, is a prominent commercial district featuring some of Europe's tallest skyscrapers, housing corporate headquarters, financial institutions, and luxury apartments. Major state and private banks, including Sberbank and VTB, anchor the financial sector. Retail is a major economic driver, characterized by historic shopping centers like **GUM** on Red Square and **TSUM**, alongside massive modern malls like Evropeisky. The city is also the epicenter of the Russian tech industry, serving as the home base for digital giants and a bustling startup ecosystem.