Russians Keep Cash in Banks, Not at Home
The average Russian family lives on their salaries and pensions and only takes loans in exceptional cases. The vast majority of Russians are in fact millionaires, since almost every family owns their residence, while a third of all households also own other property, usually a 'dacha', i.e. a summer house. Thus, the combined value of assets owned by a typical Russian family exceeds that of many Europeans, according to the Russian Survey of Consumer Finance.
72%
of Russian managers at small industrial companies note that one of the main factors limiting production is the uncertainty surrounding the current economic situation.
Conference in St. Petersburg: ‘Cultural and Economic Changes under Cross-national Perspective’
From November 10 to 14, the HSE Laboratory for Comparative Social Research’s (LCSR NRU HSE) 4th International Annual Research Conference ‘Cultural and Economic changes under cross-national perspective’ will take place in St. Petersburg. The programme includes dozens of themed sessions on current social, political and economic problems, and lectures by the world’s leading sociologists.
15%
of Russian companies discuss personnel issues at every management meeting.
Muscovites Attached to Their Region
Muscovites who live between the capital’s Ring Road and the Third Ring Road are rooted in their region and, contrary to popular myths, do not try to move into the city centre. In their view, ‘Old Moscow’ is more a territory for rest than a business and residential area. This stereotype is also supported by Moscow’s radial ring structure, which is designed to regulate the influx of people into the city centre, Alexey Levinson said in HSE’s ‘Demoscope Weekly’ journal.
Finding a Balanced Approach on Internet Governance
Peter Major, vice-chairman of the Radiocommunication Advisory Group of the International Telecommunication Union and chairman of the Group on Information Systems of the ITU Radiocommunication Bureau at the United Nations, is one of the world's leading experts in the field of Internet Governance. He recently spoke with the HSE news service about some of these developments, particularly with respect to multi-stakeholder cooperation.
50%
is the amount by which the market for online video advertising will grow this year.
Inflation Eating up Russians' Wages
A drop in the public’s wages in September was accompanied by a growth in demand for durable goods. People tried to use this method to protect their savings from inflation. In addition, hopes for economic growth are becoming more and more illusory, as the main macroeconomic indicators are currently on the decline, experts from HSE's Centre of Development Institute said in the latest edition of New Comments on the State and Business.
‘We are Leaving the Door Open’ Australian Ambassador to Russia, Paul Myler
On November 15-16, Brisbane will be hosting the next G20 summit. At a meeting with HSE students the Australian Ambassador to Russia, Paul Myler talked about prospects for improvement of the world economy and how relations between Russia and the West can be normalised.
Conference at HSE to Focus on Plans for Developing Science and Technology over Next Decade
On November 6-7, 2014, the Higher School of Economics will hold the IV International Academic Conference ‘Foresight and STI Policy’.
Deadline for abstract submission - November 15