The centuries-old textile industry is the city's second largest employer. Moscow has attracted an enormous amount of foreign investment in its retail, wholesale, and construction sectors since Russia made the transition to a market economy in the early 1990s. New Western-style office buildings and hotels are under construction, and numerous nightclubs have opened. A huge new underground shopping complex complete with parking garage is located under Manezhnaya Square, near the Kremlin. The city is also the center of Russia's banking, insurance, and financial industries.
Railroads provide the most common method of travel between Moscow and other cities.
Nine mainline railroad stations, located in Moscow's central metropolitan area, serve as the main connection points for routes to and from other parts of Russia and other countries. Moscow has an international airport called Sheremetyevo II and four additional airports that provide service within Russia and to other former Soviet republics. The first line of Moscow's Metro was completed in 1935. In the following years the subway system was expanded to serve most of the inner city. Since the 1970s construction of new Metro lines to the city's outskirts has often lagged behind residential development.