The main owner of Class C premises is the Moscow government represented by organizations subordinate to it, such as the Moscow Joint-Stock Company. As confirmed by the Moscow State Joint-Stock Company, they do indeed lease municipal land to private enterprises, but did not give details. Over the past year, the government has twice tried in its own way to restore order in this sector, announcing a decision to increase rates on municipal areas to market levels (from 700 rubles to $ 400 per 1 sq. M per year) and prohibiting the rental of premises in hotels.
Signed by Moscow Mayor Yury Luzhkov, the order forbids from February 1, 2005, administrations of municipal hotels to enter into lease agreements for rooms for office, retail, and services. Continue reading