«Expert» № 42 (631)

On the Banya and How It Becomes Us

An optimist’s estimate would put the share of truly market-based, competitive sectors of our economy at about fifteen percent. A pessimist would put it at about five

Trimming the Fat

Middle-sized businesses that are not burdened with large debts remain stable for now. In the future, the companies’ development dynamics will depend on the presence of credit in the economy and the quality of consumer demand

We’ll Just Live More Modestly

The coming crisis is a good thing: the financial bubble that has not been allowing companies to develop normally over the past few years will finally burst

First Aid

If there are no new shakeups, the situation in the banking sector will stabilize in November. The funds market can depend on government support until December

An Autumn Breakdown

The reverses of conjunctures broke the system of relationships between the government and the oil companies. The fiscal and administrative pressure on the industry has reached a maximum, and there is now the risk that it will be transferred to “manual control”

The Authorities Will Help Publishers

Russia’s government plans to fix the tax imbalance in the publishing industry. Typographers are hoping that correct tariffs will be able to stimulate investments in this industry even during the financial crisis

Russian IPO Roulette

Nearly a year and a half after its IPO, the Nutritek Group has announced its intention to delist its stocks. This precedent could deal a painful blow to the Russian funds market. Investors’ faith in Russian IPOs has been undermined

We Aren’t Earning This Year

After last year’s large jump in prices, the Russian grains market is experiencing a decline during the new season. This will result in another rise in foodstuffs prices next season

From One Crisis to Another

If the government fulfils all its promises about supporting agricultural producers, animal farmers will be able to emerge from their crisis. Their fate afterwards will depend on the presence of demand and investment in the economy

“And Success Will Be Yours”

Bestsellers about management and generally accepted methods of researching the effectiveness of business have been proven to be scientifically unsound

The Knockdown of the Old World

The European economy has not experienced such serious and overarching problems for a long time. The next two years are going to be very difficult

The Economy’s Lid

The formation of the state-owned SamrukKazyn super-holding concludes the process of the creation of a management of government resources in Kazakhstan

Playing into the Hands of the Speculators and Hedgers

Last week, the Central Bank radically changed its tactics for the supply of liquidity to banks, limiting the possibilities for using refinancing support funds for the injection of excess demand for the ruble

System Failure

The effectiveness of the American financial model of capitalism and its viability in global market conditions have been brought into question

The Russian Innovation Puzzle

In order to make an innovative leap, Russia needs to determine its national competitive edges and strategic technological priorities, build an innovations infrastructure, figure out its intellectual resources, and construct relationships between the government and business

On the Eve of a Great Revolution

Pyotr Turchin discusses how structural and demographic processes lead to long-term, severe political crises

Without Bond and Potter

The British Cinema Today Festival in Moscow is dispersing the eternal “mists of Albion”…or will at least show us a piece of that Britain that we hardly know

The Past Is Over

At photographer Martin Munkacsi’s exposition, the 20th century is an unequivocally past and, it seems, a rather long-ago era

The Fulcrum

The continuation of the implementation of large investment projects and the financing of infrastructural and manufacturing development will be effective only if commercial banks, insurers, and private management companies take part on a large scale. The existing model of partnership between the government and private business is going to lead us to a dead end in the current “money famine” being experienced by the banking system

Export Insurance

The insurance of export credit could become a useful diversification instrument for Russian export, first and foremost due to the realization of the potential of atomic manufacturing and the military-industrial complex

The Age of Multicultural Emperors

Judging by the pre-election situation in the USA, we are witnessing a clear break in the previous tendency (not unique to Americans) in which the difference between the votes awarded to the winner and the loser was constantly decreasing from election to election

Is Investing in Real Estate a Good Idea?

Which kinds of real estate will turn out to be the most stable during the world crisis? If you had extra money right now, what would you invest it in? We asked various market participants – developers, realtors, consultants, and architects – to answer these questions

The Elite without a Registration

A new housing format – apartments – is spreading actively in Russia. What is the difference between these apartments and ordinary flats?

Shrinking Building Sites

Construction volumes have dropped sharply in Moscow. This happened even before the beginning of the financial crisis

Overkill

Stagnation had begun on the Moscow suburbs’ real estate markets before the world crisis started

Vertical Races

The flip side of the construction of skyscrapers in Moscow is the absence of a clear city construction policy

Following America

Housing prices are continuing to decline in the majority of European countries as well as in the US

Summer and Winter under One Roof

Builders wish to construct the largest all-season recreation center in the world, complete with downhill-skiing hill, in the Moscow suburbs