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Regular version of the site

1.5

is the minimum number of times by which Russia’s housing market will decline in value terms in 2015.

Despite the efforts of the state and major banks to preserve an acceptable level of mortgage lending, there have been problems with housing construction this year. First, a portion of the population has already solved its demand for housing during a period of feverish demand at the end of last year. Second, many people, especially those with low and middle incomes, have decided to postpone the purchase of goods and durable services, including housing, until ‘better times’ (this transition to a selective savings model of behavior is almost always carried out by households during periods of prolonged decline in real incomes in order to minimize potential losses caused by the situation’s unpredictability). Third, the recently introduced property tax increase, deductions for remodeling for owners, and possible further parliamentary initiatives in this area have served to cast serious doubt on the purchase of property for investment purposes.

These data are presented in a new Monitoring the Business Climate in the Construction Sector study that was conducted in the third quarter of 2015 by the Centre for Business Tendency Studies at the HSE Institute for Statistical Studies and Economics of Knowledge (ISSEK).

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International Partners' Week Starts at HSE University–St Petersburg

HSE University–St Petersburg has launched International Partners' Week, which brings together more than 100 representatives of leading global universities. The grand opening ceremony took place on May 20 in the new HSE building on Vasilievsky Island.

May 20

HSE University Signs Cooperation Agreements with Leading Chinese Universities

On May 8, 2025, in Moscow, in the presence of Russian President Vladimir Putin and Chinese President Xi Jinping, strategic agreements were signed between the HSE University and two of China's top institutions, Peking University and Tsinghua University. The event was attended by Nikita Anisimov, Rector of HSE University, Qiu Yong, Secretary of the CPC Tsinghua University Committee, and Gong Qihuang, President of Peking University. The signing unfolded during the official visit of the Chinese delegation to Russia, coinciding with the commemoration of the 80th Anniversary of Victory Day.

May 08

University Representatives from Six Countries Agree to Create International Research Network

Universities from Russia, Malaysia, Brazil, Mexico, Colombia and Indonesia are creating an international research network. The signing of the Manifesto of the Consortium of Satellite Laboratories for Social Entrepreneurship and Sustainability took place in the framework of the International Partners' Week at HSE University-St Petersburg.

May 23