Moscow authorities have estimated the timing of the recovery of the city economy

“We still count on maintaining the overall dynamics of economic development and investment cycle.

In general, if you look at the situation in the city, I think that we will fully return to the previous dynamics at the end of next year, maybe even by the middle of 2022, ”he said.

According to him, for the first time in the last decade, Moscow will enter the borrowing market.

In addition, Efimov said that the capital's budget by the end of the year will receive about 800 billion rubles less due to the coronavirus pandemic.

Earlier, Denis Sokolov, a member of the Urban Land Institute Committee for the regeneration of urban spaces, told the radio station "Moscow speaking" how the pandemic affected the capital's rental market.