Category: Russia

  • MIL-OSI Russia: 145 years: from the Aleksandrovsky Commercial School to the State University of Management

    Translartion. Region: Russians Fedetion –

    Source: State University of Management – Official website of the State –

    Today, March 3, marks 145 years since the founding of the Aleksandrovsky Commercial School, which served as the historical foundation for the State University of Management.

    We told a detailed story with the justification for the direct inheritance of the State University of Management from an educational institution of the Russian Empire era in early February.

    Rector Vladimir Stroyev has repeatedly emphasized that a modern university should not be constrained by political prejudices, which is why GUU has returned the sign of the Order of the Red Banner of Labor, which was awarded to the university, to its façade, and a bust of Sergo Ordzhonikidze, after whom our university was named for a long time, to the hall. It is time to restore ties with an even more ancient history.

    Yes, it is a bit strange now – last year we celebrated 105 years, and now it is 145. But the basis for this is solid and logical, so let’s gradually get used to the new date.

    While there is no grand celebration yet, we still congratulate our university on its 145th anniversary. We wish all students and staff not to be afraid of change, to find only positive aspects in it, the potential for development and positive transformations. Be as noble as the officials of the Russian Empire, as purposeful as the Soviet party leaders, and as progressive as any new generation.

    Let the complex of these very best qualities contribute to the solution of the most important state tasks that have always been assigned to our university and its graduates. Do not tarnish the honor of the First Management University of the country, maintain its high status, be worthy of your predecessors and serve as the best example to your followers.

    Subscribe to the TG channel “Our GUU” Date of publication: 03.03.2025

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  • MIL-OSI Russia: Echo of the Big Bang

    Translartion. Region: Russians Fedetion –

    Source: Novosibirsk State University – Novosibirsk State University –

    As part of the popular science marathon “Darwin Week”, this year the dean Faculty of Physics, Novosibirsk State University, Doctor of Physical and Mathematical Sciences Vladimir Blinov gave a lecture on how people’s ideas about the origin and structure of the Universe have changed and what role relic radiation plays in this.

    “My lecture is a story about how humanity tried to understand the structure of the world in which it lives. And I will tell you how the history of the Universe appears in the light of relic radiation,” he began his speech.

    People have been trying to understand how the Universe works and to build a model of it for quite some time. Even before our era, in ancient Alexandria, the scholar and scribe Claudius Ptolemy wrote an encyclopedia of astronomical and mathematical knowledge of the ancient Greek world, known today as the Almagest. In his picture, the center of the universe was a flat Earth, around which the Sun, planets, and fixed stars were located.

    Interestingly, at about the same time, another scientist from Alexandria, Eratosthenes, used mathematics to prove that the Earth is spherical and even calculated its approximate dimensions. True, he was wrong in his calculations by about 10%, but given the imperfection of his instruments, this was excusable. However, it was Ptolemy’s concept that became officially recognized for a long time.

    After about one and a half thousand years, Renaissance scientists finally debunked it, and through the efforts of Nicolaus Copernicus, Tycho Brahe, Johannes Kepler and Isaac Newton, the model of a heliocentric solar system and a universe based on the laws of classical mechanics was established in science.

    — This state of affairs lasted for about 300 years, and during this time, data gradually accumulated that could not be explained from the standpoint of classical Newtonian mechanics. And then Einstein appeared, who created the Special and General Theories of Relativity and, on their basis, created a model of the Universe, — Vladimir Blinov continued.

    This model no longer operated with classical mechanics, but with relativistic mechanics. And one of the first predictions of the General Theory of Relativity was the explanation of the anomalous precession of the orbit of the planet Mercury.

    And a few decades later, the American astronomer Hubble established that the Universe is expanding. Then, physicists, relying on the results obtained by Hubble, abandoned the stationary model of the Universe (from which, by the way, Einstein also proceeded) and came to the conclusion that it used to be more compact, hotter, and approximately 13.8 billion years ago its expansion began. Simply put, this is how the cosmological concept, better known as the Big Bang Theory, was born.

    By the way, the age of the Universe determines the radius of the part of the Universe visible to us due to the finiteness of the speed of light.

    — But this gives scientists a huge bonus: the further away from us the observed object is, the younger we see it. Therefore, thanks to the development of telescopes, astrophysicists and cosmologists can see and study the history of the Universe with their own eyes, rather than reconstructing it from indirect data, — Vladimir Blinov emphasized.

    He then briefly described the various stages of the history of the Universe, starting from the time when it was in a state of helium-hydrogen plasma. It was the recombination of this plasma, according to astrophysicists, that led to the appearance of individual atoms, from which stars and other structures in the Universe were later formed. The consequence of this, in particular, according to scientists’ calculations, was the emergence of radiation with a high degree of isotropy and a spectrum characteristic of an absolutely black body with a temperature of 2.73 K. Soviet astrophysicist I.S. Shklovsky designated it with the term “relict radiation”.

    At first it was a theory, but in 1965, astronomers Arno Penzias and Robert Wilson of Bell Telephone Laboratories, while investigating the effects of cosmic radiation on radar, discovered that the antenna had an excess noise temperature of 3.5 K, which they could not explain. It was only after consulting with physicists at Princeton University, who had been trying to detect the relic radiation for a year, that it became clear that this was it.

    — This became proof that the Big Bang model works, that at the age of 380 thousand years the Universe consisted of plasma with a temperature of 3000 K and this radiation is the noise of that same plasma. But further observations began to give rise to new questions, — the dean of the Physics Department emphasized.

    In particular, why is this temperature the same at different, distant points in the Universe, which could not contact each other at that time. There were other inconsistencies. They were explained using the inflationary model of the expansion of the Universe, to the creation of which Soviet physicists Andrei Starobinsky, Andrei Linde and their American colleague Alan Guth contributed.

    In its framework, the expansion of space occurred as a result of quantum fluctuations of a scalar field similar to the field proposed by Higgs, whose quantum, the Higgs boson, was discovered in 2021 at the Large Hadron Collider, and it was almost instantaneous and led to the formation of many “bubble” universes. Precise calculations showed that the sizes of these bubble universes were many orders of magnitude larger than the visible radius of our Universe. For this reason, we do not observe “walls” separating these “bubble” universes.

    — This is how the concept of the Multiverse was born, in which an infinite number of Universes with different properties were, are, and will be formed. Some of them quickly collapse, some do not. We live in one of these universes, — the speaker concluded.

    And since the number of universes is infinite, and the number of particles in them is finite, all possible scenarios of their composition and evolution are realized. Even exact copies of our Universe are possible, and perhaps somewhere at this time the same lecture is being given by Vladimir Blinov’s double.

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  • MIL-OSI Russia: Tatyana Golikova presented the national project “Family”

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Deputy Prime Minister Tatyana Golikova presented the national project “Family” at an extended meeting of the State Duma Committee on Family Protection, Fatherhood, Motherhood and Childhood.

    Tatyana Golikova presented the national project “Family”

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    Deputy Prime Minister Tatyana Golikova, Minister of Labor and Social Protection Anton Kotyakov, Minister of Health Mikhail Murashko, Minister of Culture Olga Lyubimova, Deputy Minister of Science and Higher Education Olga Petrova and Deputy Minister of Education Andrei Nikolaev spoke about the prerequisites for the formation, main goals and directions of the new national project.

    As Tatyana Golikova noted, the national project “Family” is comprehensive and was formed taking into account the instructions of the President of Russia and his decree No. 309. It is aimed at achieving three national development goals:

    • preserving the population, strengthening health and improving well-being of people, supporting families;

    • realizing the potential of each person, developing his talents, raising a patriotic and socially responsible individual;

    • comfortable and safe living environment.

    “When developing the national project, we focused on the family in the broadest sense of the word. Therefore, the national project included measures aimed at both stimulating new births and supporting various types of families, including young, large families, and older generations of families,” the Deputy Prime Minister emphasized.

    She noted that the national project “Family” replaces the national projects “Demography”, “Culture” and some activities of the national project “Healthcare” and takes into account all the experience of positive decisions accumulated in recent years.

    The national project consists of five federal projects. The Ministry of Labor has been appointed as the head of three projects: FP “Family Support”, “Large Families”, “Older Generation”. FP “Maternity and Childhood Protection” is assigned to the Ministry of Health, FP “Family Values and Cultural Infrastructure” to the Ministry of Culture.

    17.9 trillion rubles have been allocated for the implementation of the national project over six years, including 7.8 trillion rubles over the next three years.

    “The President of the country has set the task of ensuring sustainable growth in the birth rate, increasing the total fertility rate to 1.6 by 2030 and to 1.8 by 2036. The target value can be achieved provided that not only the social sphere, but also all areas of our life – the economy, development of housing and rural infrastructure, improvement of cities and towns – will work towards this goal,” said Tatyana Golikova.

    According to her, preliminary results for 2024 show that, compared to 2023, the total fertility rate, according to Rosstat’s operational data, has remained almost unchanged, decreasing by 0.7% to 1.4.

    At the same time, 18 regions have seen an increase in the birth rate. It is important that among them are regions of Central Russia, the North-West from the cluster “Demographic Winter” – these are Smolensk, Oryol, Ryazan, Leningrad and Kaliningrad regions.

    “The growth dynamics of births of third and subsequent children has been maintained – by 1.1% compared to the previous year. At the same time, Russia, like many developed countries, is characterized by demographic challenges and new trends in the development of the institution of the family. Based on these challenges, we have formed seven key areas,” the Deputy Prime Minister said.

    The first direction is the implementation of the “plus one child in every family” approach. The target is large families.

    The second direction is to level out the high regional differentiation in birth rates.

    According to preliminary results for 2024, in 38 regions, excluding new regions, the birth rate is higher than the Russian average, and in two – the Chechen Republic and Tuva – it exceeds the level of simple reproduction – 2.1. In general, the differentiation between regions has not changed – the indicator differs by three times).

    In such conditions, federal umbrella measures with uniform conditions for the entire country must be supplemented in all subjects with regional support measures linked to local specifics and targeted work with individual groups of regions, supporting them from the federal level. It is important that the growth of the total fertility rate in the territory, support for large families, and the reduction of their poverty become a personal project of each governor.

    The third direction is the creation of conditions for the harmonious combination of professional development with the birth and upbringing of children.

    “To do this, we are fine-tuning both state and corporate policies. Together with the Russian Union of Industrialists and Entrepreneurs and the Federation of Independent Trade Unions of Russia, we have developed recommendations for the implementation of corporate social policy. Informally, we call them the “corporate demographic standard”. At the end of the year, it was adopted by the Russian Tripartite Commission,” noted Tatyana Golikova. “As you remember, at the final meeting of the State Council, the President supported certain additional measures, including tax incentives for employers, so that there would be an opportunity to support working women and working families. And of course, an important topic here is support for the older generation.”

    The fourth direction is increasing the birth rate in rural areas.

    The village has traditionally been the basis for population growth in the country, large families. Despite the decrease in the total fertility rate in the village by a third in the last 10 years, the fertility rate in the village as a whole is currently maintained at the level that must be achieved throughout the country by 2030. It is important to maintain it at this level and, if possible, increase it.

    “Last year, a pilot project was launched in three regions – Novgorod, Tambov and Penza regions, which is aimed at developing infrastructure. And although not much time has passed, we are already seeing the first positive results. Over the three quarters of 2024, compared to the same period in 2023, the number of women registered for pregnancy at antenatal clinics in the pilot regions increased by 15% on average, and the number of women who continued their pregnancy increased by 22% on average,” the Deputy Prime Minister said.

    “Another area is improving the well-being of families so that they can make decisions about having another child. These are, of course, new targeted support measures. And here, both within the framework of the national project and within the framework of individual state programs and general policy, we will continue measures aimed at increasing the minimum wage, increasing citizens’ labor incomes, and, of course, keeping inflation low,” Tatyana Golikova emphasized.

    The sixth direction is strengthening reproductive health and developing children’s medicine. It is planned to further increase additional investments in infrastructure and technologies in healthcare.

    The seventh direction is strengthening the values of the family institution. All events related to the national project “Culture” implemented in previous years are concentrated here. These include cultural centers, cinemas in rural areas, modernized theaters and museums, model libraries, renovated and equipped children’s art schools, and new cinemas.

    “There are no trifles in issues such as birth rate. This really should become the business of every governor, so that there are more of us, Russians,” concluded Tatyana Golikova.

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  • MIL-OSI Russia: Financial news: 02/28/2025 Changes in the parameters of the third deposit auction of the Federal Treasury

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    Application selection date 02/28/2025. Unique application selection identifier 22025044. Deposit currency rubles. Type of funds – funds of the single treasury account. Maximum amount of funds placed on bank deposits, million monetary units 1,160,000. Placement period, in days 4. Date of depositing funds 02/28/2025. Date of return of funds 03/04/2025. Interest rate for placement of funds (fixed or floating) FIXED. Minimum fixed interest rate for placement of funds, % per annum 20.05. Basic floating interest rate for placement of funds-Minimum spread, % per annum-Terms of conclusion of the bank deposit agreement (fixed-term, replenishable or special)Fixed-term. Minimum amount of funds placed for one application, million monetary units 1,000. Maximum number of applications from one credit institution, pcs. 5. Application selection form (open or closed)Open.

    Schedule of application selection (Moscow time). Venue of application selection: Moscow Exchange PJSC. Application acceptance: from 18:30 to 18:40. Applications in preliminary mode: from 18:30 to 18:35. Applications in competition mode: from 18:35 to 18:40. Formation of a consolidated register of applications: from 18:40 to 18:50. Setting the cutoff rate and (or) recognizing the application selection as unsuccessful: from 18:40 to 18:50. Sending an offer to credit institutions to conclude a bank deposit agreement: from 18:50 to 19:30. Receipt from credit institutions of acceptance of the offer to conclude a bank deposit agreement: from 18:50 to 19:30. The time of transfer of the deposit in accordance with the requirements of paragraphs 63 and 64 of the Order of the Federal Treasury dated April 27, 2023 No. 10n.

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  • MIL-OSI Russia: Dmitry Chernyshenko: 3 million tourists visited the Russian North and the Arctic in 2024

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Dmitry Chernyshenko during a working trip to Arkhangelsk and the Solovetsky Islands in the Arkhangelsk region.

    The growth in visits to the northern territories is an important result of the development of domestic tourism and the discovery of the potential of the country’s unique regions. This was stated on Arctic Day by Deputy Prime Minister Dmitry Chernyshenko during a working visit to Arkhangelsk and the Solovetsky Islands in the Arkhangelsk Region.

    The Deputy Prime Minister summed up the results of tourist visits to the regions of the Russian North and the Arctic in 2024.

    “The number of tourist trips around Russia is steadily growing, including in the regions of the Russian North and the Arctic. In 2024 alone, they were visited by 3 million people – this is 7% more than in 2023. This applies to both Russians and guests from abroad. The steady growth of domestic tourism ensures that we fulfill the task set by Russian President Vladimir Putin – to almost double the tourist flow in the country by 2030 – to 140 million people. This is largely due to the implementation of the national project “Tourism and Hospitality” and the interest of the regions in creating places of attraction,” said Dmitry Chernyshenko.

    Of the total number of tourists who visited the regions of Russia, according to the calculations of the Center for Strategic Research, more than 1.3 million tourists visited the Arctic territories (in 2023, according to estimates, about 1.2 million people visited the territory). Among the northern regions, tourists most often visited the Vologda Region and Karelia (about 700 thousand trips), and among the Arctic regions – the Murmansk Region (almost half a million trips).

    Chukotka is the leader in popularity growth, where the number of tourists has more than doubled. There is also a significant increase in tourist trips in the Murmansk Region (18.6% year-on-year), Krasnoyarsk Krai (16.1%) and Yakutia (10.6%).

    The number of foreign tourists has almost doubled, with more than 75,000 trips made. The largest share of foreign tourists is in the Murmansk Region (7.7%); in December, they made 20% of all trips to the region. At the same time, foreign tourists, unlike Russians, are equally active in traveling to the Arctic and the North in both winter and summer. From December 2023 to February 2024, they made 23,500 trips, and in the summer of 2024 – 25,500.

    Minister of Economic Development Maxim Reshetnikov emphasized that the growing interest in the Russian North and the Arctic is not accidental and that the further growth of tourist trips to these regions is directly related to the development of modern tourism infrastructure.

    “The unique nature and culture of these territories attract more and more Russian and foreign tourists. The development of tourism infrastructure, including the construction of glampings and modular hotels on the coast of the Barents Sea and in Prionezhye, helps to further attract travelers. Over the past two years, more than 570 million rubles have been allocated to regions in the Arctic zone under the national project “Tourism and Hospitality” for the creation of modules. Large hotel complexes with a total number of rooms of about 1.1 thousand are also being built with support. The project of the ski resort “Ray-Iz” in the Polar Urals, which will become a powerful point of attraction for both Russian and foreign guests, was also supported under the preferential lending program,” the head of the Ministry of Economic Development noted.

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  • MIL-OSI Russia: Alexander Novak held a meeting with the Minister of Energy and Natural Resources of Turkey Alparslan Bayraktar

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Alexander Novak held a meeting with the Minister of Energy and Natural Resources of Turkey, Alparslan Bayraktar.

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    Deputy Prime Minister of Russia Alexander Novak held a meeting with the Minister of Energy and Natural Resources of Turkey Alparslan Bayraktar.

    The main topic of the meeting was cooperation in the oil, gas, coal, electric power and nuclear industries. It was noted that interaction in the energy sector is a strategic area of cooperation between Russia and Turkey.

    The parties discussed further investment cooperation in the fuel and energy sector, issues of supplying Russian energy resources to the Turkish market and increasing the share of mutual settlements in national currencies, as well as the progress of construction of the Akkuyu NPP, four power units of which are planned to be built in the Republic of Turkey by 2028.

    The Deputy Prime Minister noted the good results of trade and economic cooperation between Russia and Turkey in 2024. In 2023, Türkiye took third place among Russia’s foreign trade partners (third in exports and fifth in imports).

    “Political interaction between our countries remains intensive. We appreciate the principled position of the Turkish leadership – to continue developing mutually beneficial bilateral partnership with Russia, despite pressure from Western countries. I am confident that through the channels of the bilateral Intergovernmental Commission on Trade and Economic Cooperation, every effort will be made to achieve new results in the trade and economic sphere,” Alexander Novak emphasized.

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  • MIL-OSI Russia: Financial news: Clarification of the procedure for registering clients during the DSVD

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    The procedure for registering clients on weekends, previously announced in Developer Newsletter #17, has been clarified:

    Messages with “L” type operations will be processed only for new short trading codes. Messages with “L” type operations for changing market information of current (previously registered) short trading codes will be rejected with an error.

    The news text on the website has been changed to reflect the new registration procedure. Link: HTTPS: //VVV. MEEX.K.M.M.A detailed description of the weekend trading technology is available at the link: HTTPS: //VVV. MEEX.K.M.M..

    Contact information for media 7 (495) 363-3232Pr@moex.kom

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  • MIL-OSI Russia: Financial news: The deadlines for sending notifications to the Bank of Russia have changed when individual officials of financial organizations change

    Translartion. Region: Russians Fedetion –

    Source: Central Bank of Russia –

    From March 1, 2025 the terms are increasing sending to the Bank of Russia notifications of dismissal from office (termination of temporary performance of official duties) of heads of internal control, internal audit and risk management services of a credit institution, special officials responsible for the implementation of internal control rules in a credit institution for the purpose of countering the legalization (laundering) of proceeds from crime, the financing of terrorism and the financing of the proliferation of weapons of mass destruction.

    In addition, the amendments will make it possible to clearly determine from what moment the period for sending to the Bank of Russia notifications of appointment to a position (dismissal from a position), temporary performance of official duties (termination of official duties) of individual officials of credit institutions, insurance organizations, non-state pension funds, management companies of investment funds, mutual investment funds and non-state pension funds, microfinance companies is calculated.

    Preview photo: PATCHARIN.IN / Shutterstock / Fotodom

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  • MIL-OSI Russia: Financial News: How Weekend Trading Should Work

    Translartion. Region: Russians Fedetion –

    Source: Central Bank of Russia –

    The Bank of Russia has defined the conditions for trading on weekends in order to minimize risks for exchanges and their clients. Trading on Saturday and Sunday will not be considered as separate days, but as additional sessions on Monday. This will allow not to conduct clearing and settlements on weekends. The regulator sent the corresponding order to the organizers of trading.

    At the first stage, the exchanges must set the size of the price corridor within 3% (both up and down) of the value of the securities that formed by the end of Friday. The Bank of Russia recommends including highly liquid shares in the list of securities admitted to weekend trading. Such restrictions are aimed at avoiding increased volatility in the market.

    In the future, the Bank of Russia will monitor the trading activity of participants, the quality of pricing, and what financial instruments are traded on exchanges. All this will allow us to assess the possibility of scaling up trading on weekends and will be taken into account when deciding on the need to introduce additional restrictions.

    Preview photo: ShishkinStudio / Shutterstock / Fotodom

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  • MIL-OSI Russia: Financial news: 02/28/2025, 17-19 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A104TQ2 (EDR 1P-08) were changed.

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    02.28.2025

    17:19

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on 28.02.2025, 17-19 (Moscow time), the values of the upper limit of the price corridor (up to 100.18) and the range of market risk assessment (up to 1078.43 rubles, equivalent to a rate of 12.5%) of the security RU000A104TQ2 (EDR 1P-08) were changed.

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  • MIL-OSI Russia: IMF Executive Board Completes the Third Review Under the Extended Fund Facility

    Source: IMF – News in Russian

    February 28, 2025

    • The IMF Executive Board completed the Third Review under the 48-month Extended Fund Facility with Sri Lanka, providing the country with immediate access to SDR 254 million (about US $334 million) to support its economic policies and reforms.
    • Performance under the program has been strong. All quantitative targets for end-December 2024 were met, except the indicative target on social spending. Most structural benchmarks due by end-January 2025 were either met or implemented with delay. The recent successful completion of the bond exchange is a major milestone towards restoring debt sustainability.
    • Reform efforts are bearing fruit with the recovery gaining momentum. As the economy is still vulnerable, sustaining the reform agenda is critical to put the economy on a path towards lasting recovery and debt sustainability.

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed the third review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw SDR 254 million (about US$334 million). This brings the total IMF financial support disbursed so far to SDR 1.02 billion (about US$1.34 billion).[1]

    The EFF arrangement for Sri Lanka was approved by the Executive Board on March 20, 2023 (see Press Release No. 23/79) in an amount of SDR 2.286 billion (395 percent of quota or about US$3 billion. The program supports Sri Lanka’s efforts to restore and maintain macroeconomic stability and debt sustainability while protecting the poor and vulnerable, rebuild external buffers, and enhance growth-oriented structural reforms including by strengthening governance.

    Following the Executive Board discussion on Sri Lanka, Mr. Kenji Okamura, Deputy Managing Director, issued the following statement:

    “Reforms in Sri Lanka are bearing fruit and the economic recovery has been remarkable. Inflation remains low, revenue collection is improving, and reserves continue to accumulate. Economic growth averaged 4.3 percent since growth resumed in the third quarter of 2023. By end-2024, Sri Lanka’s real GDP is estimated to have recovered 40 percent of its loss incurred between 2018 and 2023. The recovery is expected to continue in 2025. As the economy is still vulnerable, it is critical to sustain the reform momentum to ensure macroeconomic stability and debt sustainability, and promote long-term inclusive growth. There is no room for policy errors.

    “Program performance has been strong with all quantitative targets met, except for the indicative target on social spending. Most structural benchmarks due by end-January 2025 were either met or implemented with delay.

    “Sustained revenue mobilization is crucial to restoring fiscal sustainability and ensuring that the government can continue to provide essential services. Boosting tax compliance and refraining from tax exemptions are key to maintaining support for economic reforms. To ease economic hardship and ensure the poor and vulnerable can participate in Sri Lanka’s recovery it is important to meet social spending targets and continue with reforms of the social safety net. Going forward, social support needs to be well-targeted towards the most disadvantaged so as to promote inclusive growth with limited fiscal space. Restoring cost-recovery electricity pricing without delay is needed to contain fiscal risks from state-owned enterprises. A smoother execution of capital spending within the fiscal envelope would foster medium-term growth.

    “The progress to advance the debt restructuring to restore Sri Lanka’s debt sustainability is noteworthy. The recent successful completion of the bond exchange is a major milestone towards restoring debt sustainability. Timely finalization of bilateral agreements with creditors in the Official Creditor Committee and with remaining creditors is a priority now.

    “Monetary policy should prioritize maintaining price stability, supported by sustained commitment to prohibit monetary financing and safeguard Central Bank independence. Continued exchange rate flexibility and gradually phasing out the balance of payments measures remain critical to rebuild external buffers and facilitate rebalancing.

    “Resolving non-performing loans, strengthening governance and oversight of state-owned banks, and improving the insolvency and resolution frameworks are important priorities to revive credit growth and support the economic recovery.

    “Prolonged structural challenges need to be addressed to unlock Sri Lanka’s long-term potential, including steadfast implementation of the governance reforms.”

                                                                    Sri Lanka: Selected Economic Indicators 2022-2030

     

    2022

     

    2023

    2024

     

    2025

     

    2026

    2027

    2028

    2029

    2030

    Act. 

    Proj.

     

    Projections

                             

    GDP and inflation (in percent)

                         

    Real GDP

    -7.3

    -2.3

    4.5

    3.0

    3.0

    3.1

    3.1

    3.1

    3.1

    Inflation (average) 1/

    45.2

    17.4

    1.2

    3.8

    5.4

    5.2

    5.0

    5.0

    5.0

    Inflation (end-of-period) 1/

    58.6

    3.0

    -1.5

    7.8

    5.4

    5.2

    5.0

    5.0

    5.0

    GDP Deflator growth

    47.5

    17.5

    3.5

    4.9

    5.5

    5.3

    5.2

    5.1

    5.0

    Nominal GDP growth

    36.6

    14.8

    8.2

    8.1

    8.7

    8.5

    8.5

    8.4

    8.3

     

    Savings and investment (in percent of GDP)

                       

    National savings

    27.6

    33.8

    34.0

    31.7

    31.9

    32.1

    31.9

    31.7

    31.7

      Government

    -6.4

    -6.0

    -3.2

    -1.8

    -0.7

    0.0

    0.1

    0.3

    0.5

      Private

    34.0

    39.8

    37.2

    33.5

    32.6

    32.1

    31.7

    31.4

    31.2

    National investment

    28.6

    30.8

    32.1

    32.2

    32.5

    32.9

    32.7

    32.6

    32.5

      Government

    5.5

    3.7

    3.6

    4.4

    4.6

    4.7

    4.6

    4.6

    4.6

      Private

    23.1

    27.1

    28.5

    27.7

    27.9

    28.2

    28.1

    28.0

    28.0

    Savings-Investment balance

    -1.0

    3.1

    1.8

    -0.4

    -0.6

    -0.8

    -0.9

    -0.9

    -0.8

      Government

    -11.9

    -9.6

    -6.8

    -6.2

    -5.3

    -4.7

    -4.5

    -4.3

    -4.1

      Private

    10.9

    12.7

    8.6

    5.8

    4.7

    3.9

    3.6

    3.4

    3.2

     

    Public finance (in percent of GDP)

                       

    Revenue and grants

    8.4

    11.1

    13.7

    15.1

    15.3

    15.3

    15.2

    15.3

    15.3

    Expenditure

    18.6

    19.4

    19.3

    20.4

    19.8

    19.2

    19.1

    19.0

    18.8

    Primary balance

    -3.7

    0.6

    2.2

    2.3

    2.3

    2.3

    2.3

    2.3

    2.3

    Central government balance

    -10.2

    -8.3

    -5.6

    -5.4

    -4.6

    -4.0

    -3.8

    -3.7

    -3.5

    Central government gross financing needs

    34.1

    27.6

    22.1

    22.8

    19.7

    15.7

    13.2

    11.8

    11.6

    Central government debt

    115.9

    109.5

    99.5

    105.7

    106.4

    103.5

    100.2

    97.0

    93.9

    Public debt 2/

    126.3

    115.8

    104.6

    110.7

    110.9

    107.4

    103.7

    100.1

    96.8

     

    Money and credit (percent change, end of period)

    Reserve money

    3.3

    -1.5

    10.3

    9.7

    8.7

    8.5

    8.5

    8.4

    8.3

    Broad money

    15.5

    7.3

    10.0

    9.7

    8.7

    8.5

    8.5

    8.4

    8.3

    Domestic credit

    18.8

    -1.2

    6.1

    3.3

    2.8

    3.3

    4.0

    4.3

    4.9

    Credit to private sector

    6.4

    -0.8

    7.9

    7.5

    9.5

    9.5

    9.4

    9.4

    9.4

    Credit to private sector (adjusted for inflation)

    -38.8

    -18.2

    6.6

    3.7

    4.1

    4.3

    4.3

    4.3

    4.3

    Credit to central government and public corporations

    31.1

    -1.6

    4.7

    -0.1

    -3.1

    -2.9

    -2.2

    -2.2

    -1.5

     

    Balance of Payments (in millions of U.S. dollars)

    Exports

    13,107

    11,911

    12,772

    13,446

    14,090

    14,795

    15,638

    16,397

    17,192

    Imports

    -18,291

    -16,811

    -18,841

    -21,718

    -22,668

    -23,410

    -24,105

    -25,109

    -26,026

    Current account balance

    -737

    2,582

    1,824

    -409

    -538

    -751

    -864

    -952

    -922

    Current account balance (in percent of GDP)

    -1.0

    3.1

    1.8

    -0.4

    -0.6

    -0.8

    -0.9

    -0.9

    -0.8

    Current account balance net of interest (in percent of GDP)

    0.1

    4.2

    3.8

    1.7

    1.6

    1.5

    1.5

    1.3

    1.3

    Export value growth (percent)

    4.9

    -9.1

    7.2

    5.3

    4.8

    5.0

    5.7

    4.9

    4.9

    Import value growth (percent)

    -11.4

    -8.1

    12.1

    15.3

    4.4

    3.3

    3.0

    4.2

    3.7

                             

    Gross official reserves (end of period)

                             

    In millions of U.S. dollars

    1,898

    4,392

    6,122

    7,056

    9,303

    13,118

    14,710

    14,875

    15,175

    In months of prospective imports of goods & services

    1.2

    2.4

    2.9

    3.2

    4.1

    5.5

    5.9

    5.8

    5.7

    In percent of ARA composite metric

    16.6

    37.5

    50.3

    58.3

    75.4

    100.1

    108.8

    108.5

    108.7

    Usable Gross official reserves (end of period) 3/

                       

    In millions of U.S. dollars

    462

    2,956

    4,686

    7,056

    9,303

    13,118

    14,710

    14,875

    15,175

    In months of prospective imports of goods & services

    0.3

    1.6

    2.2

    3.2

    4.1

    5.5

    5.9

    5.8

    5.7

    In percent of ARA composite metric

    4.0

    25.3

    38.5

    58.3

    75.4

    100.1

    108.8

    108.5

    108.7

    External debt (public and private)

    In billions of U.S. dollars

    57.4

    54.1

    53.9

    54.9

    57.2

    61.2

    62.9

    63.3

    65.6

    As a percent of GDP

    77.0

    64.1

    54.4

    56.1

    62.9

    65.9

    64.0

    60.4

    58.9

     

    Memorandum items:

    Nominal GDP (in billions of rupees)

    24,064

    27,630

    29,893

    32,309

    35,123

    38,113

    41,343

    44,819

    48,551

    Exchange Rate (period average)

    322.6

    327.5

    302.0

    Exchange Rate (end of period)

    363.1

    323.9

    293.0

    Sources: Data provided by the Sri Lankan authorities; and IMF staff estimates.

                           

    1/ Colombo CPI.

                         
                                                                                                                                 

    2/ Comprising central government debt, publicly guaranteed debt, and CBSL external liabilities

    (i.e., Fund credit outstanding and international currency swap arrangements). The debt statistics

    currently assume the external debt restructuring to have been completed at end 2023.

    3/ Excluding PBOC swap ($1.4bn in 2022) which becomes usable once GIR rise above 3 months

    of previous year’s import cover.

    [1] SDR figures are converted at the market rate of U.S. dollar per SDR on the day of the Board approval.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Randa Elnagar

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/02/28/pr25053-sri-lanka-imf-completes-the-3rd-rev-under-the-eff

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI Russia: IMF and Ukrainian Authorities Reach Staff Level Agreement on the Seventh Review of the Extended Fund Facility (EFF) Arrangement

    Source: IMF – News in Russian

    February 28, 2025

    • International Monetary Fund (IMF) staff and the Ukrainian authorities have reached staff level agreement (SLA) on the Seventh Review of the 4-year, $15.5 billion Extended Fund Facility (EFF) Arrangement. Subject to approval by the IMF Executive Board and consistent with its balance-of-payments needs, Ukraine would be expected to draw about US$0.4 billion (SDR 0.3 billion), bringing total disbursements under the program to US$10.1 billion.
    • Program performance remains strong. All end-December quantitative performance criteria (QPCs) have been met and understandings were reached on a set of policies and reforms to sustain macroeconomic stability. The structural reform agenda continues to make progress, with seven structural benchmarks met, another benchmark implemented with delay, and strong commitments to advance other key reforms.
    • The outlook remains exceptionally uncertain as the war continues to take a heavy toll on Ukraine’s people, economy, and infrastructure. Despite the challenging environment, the program remains on track on the back of critical external support.

    Warsaw, Poland: An International Monetary Fund (IMF) team led by Mr. Gavin Gray held discussions with the Ukrainian authorities in Kyiv, Ukraine and Warsaw, Poland during February 20-28 on the Seventh Review of the country’s 4-year Extended Fund Facility (EFF) Arrangement. Upon the conclusion of the discussions, Mr. Gray issued the following statement:

    “IMF staff and the Ukrainian authorities have reached staff-level agreement on the Seventh Review of the EFF, subject to approval by the IMF Executive Board, with Board consideration expected in coming weeks.

    Ukraine’s four-year EFF Arrangement with the IMF continues to provide a strong anchor for the authorities’ economic program in times of exceptionally high uncertainty. Program performance remains strong with all quantitative performance criteria for end-December met, and important progress on the structural agenda due for this review. Reflecting a revised profile of balance of payments needs in 2025, Ukraine has requested to rephase access under its EFF program, shifting IMF financing to future reviews while the overall size of the program remains unchanged.

    “The economy has continued to show resilience despite the challenges arising from three years of war in Ukraine. Real GDP growth is estimated at 3.5 percent for 2024, but is expected to moderate to 2-3 percent in 2025, reflecting headwinds from labor constraints, damage to energy infrastructure, and the persistence of Russia’s war in Ukraine. Inflation has continued to rise, reaching 12.9 percent y/y in January, mainly due to rising food and labor costs. The National Bank of Ukraine (NBU) raised the policy rate by a cumulative 150 bps since December in response. Gross international reserves reached US$43 billion as of January 2025, reflecting continued large external official support. Risks remain exceptionally high given uncertainty on the war and the prospects for peace and recovery.

    “The 2025 budget targets a deficit (excluding grants) of 19.6 percent of GDP and remains the anchor for fiscal policy this year. It incorporates the additional revenue derived from the increase in tobacco excise taxes and enactment of this tax policy change is a requirement for completion of the review. Financing the large fiscal deficit will require significant and timely external support, notably from the G7’s ERA initiative, to support macroeconomic stability. Responding to high budget risks will require preparedness with offsetting measures; in particular broad-based, durable, and efficient revenue measures and accelerated implementation of Ukraine’s National Revenue Strategy (NRS)

    Restoring medium-term fiscal sustainability requires determined implementation of reforms to mobilize domestic revenues, tackle tax evasion and avoidance, and improve the investment climate. Tax policy reforms need also to be coupled with improvements in tax administration with continued reforms to the state customs service (SCS) and state tax service (STS). Restoring debt sustainability hinges on this revenue-based fiscal adjustment and continued implementation of the authorities’ debt restructuring strategy (where completing the treatment of the GDP warrants remains important). The upcoming 2026-2028 budget declaration that is to be submitted to Parliament in June will be an important opportunity to provide both the context and strategic objectives of the medium-term fiscal strategy.

    “Given the risks from rising inflation, the recent increases in the policy rate by the NBU are appropriate. Further action would be warranted if inflation accelerates further or inflation expectations deteriorate. The exchange rate should increasingly act as a shock absorber. Maintaining adequate reserves is a priority, particularly in view of risks to the outlook.

    “The independence, competence, and credibility of anti-corruption and judicial institutions should continue to be enhanced. Parliamentary adoption this week of the law establishing the High Administrative Court, a benchmark under the program, is a landmark step in this direction. Swift enactment of the law would pave the way for prompt establishment of the court.

    “Effective public investment management (PIM) is critical for post-war recovery, reconstruction, and growth against a backdrop of limited fiscal space and tough demographic realities. To tackle these challenges, the government of Ukraine is implementing a comprehensive PIM framework that is in line with best international practices. A strategy-driven and transparent approach is essential to overcome absorption capacity constraints and allocate scarce resources efficiently.

    “The financial sector remains stable, but continued vigilance is warranted given elevated risks. Developing financial markets infrastructure will be critical to support prompt reconstruction and recovery by facilitating much needed private investment, including attracting foreign capital. Comprehensive consultation and collaboration with financial market participants is essential to facilitate preparation of a prioritized reform agenda, which the NBU has begun in collaboration with other relevant stakeholders.

    “The mission met with Finance Minister Marchenko, National Bank of Ukraine Governor Pyshnyy, other government ministers, public officials, and civil society. The mission thanks them and their technical staff for the excellent collaboration and constructive discussions.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Camila Perez

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/02/28/pr25052-ukraine-imf-and-ukrainian-authorities-reach-sla-on-the-7th-review-of-the-eff-arrangement

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI Russia: Costa Rica: Staff Concluding Statement of the 2025 Article IV Consultation Mission

    Source: IMF – News in Russian

    February 28, 2025

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    San José: An International Monetary Fund (IMF) staff team, led by Mr. Ding Ding, held the 2025 Article IV consultation with the Costa Rican authorities during February 18-28. At the conclusion of the discussions, Mr. Ding issued the following statement:

    Costa Rica is one of the fastest-growing economies in the Western Hemisphere, achieving notable economic success in recent years. GDP growth has averaged above 5 percent since 2021, outpacing regional peers and contributing to lower poverty and unemployment. Over the same period, public debt fell by an impressive 8 percentage points of GDP to below 60 percent of GDP. These successes are fruits of good macroeconomic policies, wide-ranging reforms in the context of becoming a member of the OECD, two successfully completed IMF-supported programs, and a strategic focus on exports and economic diversification. Growth is projected to remain strong at about 4 percent for 2025.

    Inflation is showing encouraging signs of returning towards the inflation target, following decisive monetary policy easing by the BCCR. Having been near zero since mid-2024, headline inflation has begun to rise and is projected to reach the BCCR’s tolerance band in mid-2025 and the 3 percent target within a year. However, core inflation remains subdued and there are downside risks, primarily stemming from low inflation expectations becoming entrenched below the target. Upside risks could arise from possible commodity price increases and/or supply-side disruptions.

    The BCCR’s forward-looking data-dependent approach has proven effective and its inflation targeting regime is working well. At the current monetary policy rate, inflation is expected to be 3 percent by 2026Q1. If the convergence of inflation to the 3 percent target weakens in the coming months, there is room for the BCCR to cut the policy rate further. Credit growth has been strong. If there are signs of excess credit growth especially associated with FX loans, macroprudential measures should be tightened to mitigate potential risks to financial stability.

    It is important to further strengthen the BCCR’s autonomy, governance, and operational framework. This would be achieved by approving legislative proposals to improve BCCR governance, transparency, and accountability, and institutionalize the central bank’s de facto autonomy.

    The exchange rate should be allowed to adjust more flexibly to market conditions. The BCCR accumulated US$ 920 million in international reserves during 2024, and reserve coverage is now comfortable by multiple metrics. A further accumulation of international reserves is unwarranted and would impose unnecessary costs over time. Moreover, frequent foreign exchange intervention can weaken monetary policy transmission and hinder foreign exchange market development. Concerted efforts including legal reforms are needed to deepen FX markets and strengthen the non-financial public sector’s ability to manage currency risks, reducing its reliance on the BCCR as an intermediary for FX transactions. Alongside the planned reform to restructure existing pension funds into generational funds, regulatory limits on foreign investments by local pension funds need to be updated. Adjustments to these limits should be phased in and supported by FX market development.

    There is scope to further capitalize on the significant progress on financial sector oversight. Indicators of financial soundness remain comfortable, notwithstanding the resolution of two small non-bank financial institutions last year. These episodes highlighted the importance of a strong supervisory and resolution framework. The Legislative Assembly should, therefore, pass the proposed amendments to the bank resolution and deposit insurance law that would further strengthen supervisory and resolution powers and enhance the crisis management framework.

    Although public debt fell to below 60 percent of GDP in 2024, the task of rebuilding fiscal space is not yet complete. The debt ratio fell in part due to some drawdown of cash balances and transfers of cash balances by decentralized and autonomous entities to the Treasury Single Account (which lowered financing needs). However, the primary surplus fell in 2024 due to temporary factors and the regrettable reductions of the vehicle property tax (marchamo) and corporate tax base. An unwinding of temporary factors is expected to help the primary balance rise to around 1½ percent of GDP this year. A higher primary balance is essential to bring debt down further, reduce interest costs, and create room for additional spending. While spending should be less than the ceiling permitted by the fiscal rule, the higher primary balance should still allow for some increases in priority areas like infrastructure, child and adult care (which will help boost female labor market participation), and investments in skills training for vulnerable groups (which will help reduce dependency on social assistance).

    Tax reforms could improve the fairness and efficiency of the system while raising resources for both debt reduction and somewhat higher spending. However, revenue-increasing bills presented over the last five years that would also have increased progressivity and bolstered dynamism have not been viewed favorably by legislators. These have included proposals to reduce VAT and income tax exemptions (such as on the salario escolar and for lottery winnings) and to bring income from self-employment, salaries, and pensions under a single threshold while raising the top marginal rate. These bills warrant renewed consideration as higher revenues would allow faster increases in social and capital spending. At the same time, we are worried that various Legislative Assembly bills are reducing revenues.

    Full implementation of the public employment bill and debt management reforms would improve spending quality and reduce interest costs. Legislative proposals aimed at amending the public employment law could significantly undermine progress in containing the public-sector wage bill. Institutions that have not yet fully implemented the public employment law should do so without further delay to ensure its benefits are broadened to beyond the central government. Legal reforms to permit access to international sovereign debt markets and grant the executive branch more flexibility in issuing external debt would also be valuable. There have been welcome improvements in the quality of government finance statistics, which are expected to be used in the setting of fiscal policies.

    A comprehensive solution is needed to resolve the dispute between Caja Costarricense de Seguro Social (CCSS) and the Ministry of Finance (MoF) over social security claims. The outstanding claim is due to an unfunded expansion of beneficiaries and CCSS’s unilateral decisions to raise the government’s contribution. Addressing this issue requires urgent improvements in the CCSS’s registry systems so as to allow for an accurate tracking of outlays and beneficiaries. Moreover, the CCSS and the MoF should clarify the scope of healthcare services and pension benefits that are currently covered by the budget while identifying additional funding sources as needed to ensure that the healthcare and pension systems are actuarially sound. Strengthening CCSS governance will be essential to ensure that any future changes to the social security system include a thorough assessment of the fiscal and labor market implications of such changes. There is also scope to enhance the accountability of the CCSS, the transparency of their operations, and the simplicity of the system, in line with international best practice. These reforms will be critical to safeguard the long-run sustainability of the social security system as the population ages.

    Advancing supply-side reforms can help sustain Costa Rica’s impressive economic performance by addressing key bottlenecks to growth. To tackle skill shortages, particularly in high-tech industries, it is essential to accelerate efforts to reduce skills mismatches, align school curricula with industry needs, promote dual education (including apprenticeship programs) and bilingual education, and improve adult secondary education graduation rates. The recent reduction of the minimum contribution base for part-time workers has helped encourage formal employment but there is scope to lower the high tax wedge on labor, substituting for alternative revenue sources. Enhancing infrastructure quality and maintenance would further strengthen potential growth. In this regard, integrating climate considerations into public investment decisions is already making infrastructure more resilient against natural disasters. Given the substantial additional funding needed to upgrade infrastructure, approving and implementing the new legislation on public private partnerships is critical. Additionally, ongoing reforms to facilitate private-sector electricity provision, including diversification into non-hydroelectric renewables, will make electricity more affordable and less vulnerable to fluctuations in rainfall.

    The IMF team is grateful to the Costa Rican authorities and other counterparts for the productive discussions and hospitality during the mission.

    Costa Rica: Selected Economic and Financial Indicators

     

     

     

     

     

     

    Projections

    2022

    2023

    2024

    2025

    2026

    2027

    Output and Prices

    (Annual percentage change)

    Real GDP

    4.6

    5.1

    4.3

    3.9

    3.8

    3.6

    GDP deflator

    6.3

    -0.1

    0.0

    2.9

    3.2

    3.2

    Consumer prices (period average)

    8.3

    0.5

    -0.4

    2.0

    3.0

    3.0

    Savings and Investment

    (In percent of GDP)

    Gross domestic saving

    14.4

    13.8

    14.3

    14.1

    14.1

    14.3

    Gross domestic investment

    17.7

    15.3

    15.7

    15.7

    15.7

    15.8

    External Sector

    Current account balance

    -3.3

    -1.4

    -1.4

    -1.6

    -1.6

    -1.5

    Trade balance

    -6.7

    -3.7

    -2.7

    -3.0

    -2.8

    -3.1

    Financial account balance

    -2.5

    -0.7

    -0.7

    -1.6

    -1.5

    -1.5

    Foreign direct investment, net

    -4.4

    -4.3

    -4.0

    -5.3

    -5.5

    -5.4

    Gross international reserves (millions of U.S. dollars)

    8,724

    13,261

    14,181

    15,056

    16,077

    16,827

    External debt

    50.7

    43.3

    38.6

    35.5

    33.3

    30.9

    Public Finances

    Central government primary balance

    2.1

    1.6

    1.1

    1.5

    1.6

    1.7

    Central government overall balance

    -2.8

    -3.2

    -3.8

    -3.0

    -2.7

    -2.3

    Central government debt

    63.0

    61.1

    59.8

    59.4

    58.4

    57.1

    Money and Credit

    Credit to the private sector (percent change)

    3.3

    1.9

    6.4

    7.5

    7.0

    7.0

    Monetary base 1/

    8.0

    7.9

    8.0

    8.0

    8.0

    8.0

    Broad money

    47.5

    47.4

    49.4

    50.1

    50.3

    50.9

    Memorandum Items

    Nominal GDP (billions of colones) 2/

    44,810

    47,059

    49,116

    52,531

    56,237

    60,132

    Output gap (as percent of potential GDP)

    -0.3

    1.0

    0.6

    0.5

    0.4

    0.2

    GDP per capita (US$)

    13,240

    16,390

    17,901

    19,013

    20,009

    21,045

    Unemployment rate

    11.7

    7.3

    6.9

    8.0

    8.5

    9.0

    Sources: Central Bank of Costa Rica, and Fund staff estimates.

    1/ Includes currency issued and required reserves.

    2/ National account data reflect the revision of the benchmark year to 2017 for the chained volume measures, published in January 2021.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Meera Louis

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/02/28/mcs-022825-costa-rica-staff-concluding-statement-of-the-2025-article-iv-consultation-mission

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI Russia: “Science is very fluid, very fast. You have to keep up with it.”

    Translartion. Region: Russians Fedetion –

    Source: State University Higher School of Economics – State University Higher School of Economics –

    Vladimir Dimidov studies positive psychology and explores the problem of time perspective. In an interview with the Young Scientists of the Higher School of Economics project, he explained why we should think about the future, how to prevent burnout, and which places on Lake Baikal are worth visiting.

    How I got into science

    At the age of four, I wanted to become an inventor. That’s probably where it all started. I tried myself in different fields – electronics, robotics. Then I realized that something humanitarian was closer to me. I tried to become a writer. Then I entered psychology and already in my second year I met Oksana Vladimirovna Zashchirinskaya, a doctor of psychological sciences and professor at St. Petersburg State University. She was the first person who had no doubts about my successful scientific future. And in my fourth year, having worked indirectly on scientific projects, I began to look for a specific place, a research institute, where I would like to work.

    Where did I end up?

    I work at the International Laboratory of Positive Psychology of Personality and Motivation. Positive psychology is a global trend in personality psychology that deals with the problems of happiness and meaning. My scientific supervisor Dmitry Alekseevich Leontiev is a leading scientist, as well as the grandson of the famous Soviet psychologist Alexei Nikolaevich Leontiev and one of his direct followers.

    There is no other place like this in Russia. On the one hand, it is a hereditary, generational, real scientific school. On the other hand, Dmitry Alekseevich is one of the world-class scientists, and he transmits his knowledge to us. This is probably the most valuable experience that can be gained here.

    What I am researching

    Time perspective. Understanding what time perspective is is a separate theoretical task. On the one hand, it can be understood that a person is not only focused on the present, but also looks to the past and the future. In other approaches, time perspective is precisely the perspective of the future, a cognitive-motivational formation consisting of a person’s goals, aspirations, hopes, and fears.

    I suppose that time perspective plays a certain role in the regulation of behavior. Let’s take spirituality, for example. How does it enter our lives? I think through time perspective. Experiments will show whether this is true. But there is an assumption that higher behavior regulators (for some it is God, for others it is morality) appear in our lives precisely because we have a future, we think about the consequences of our actions.

    Time Perspective Effects

    People who have a time perspective are less susceptible to momentary emotions; their happiness depends less on the peak of experiences here and now, and more on meanings.

    In other words, if a person has a goal in the distant future, he may be more resistant to frustration.

    Such a goal could be, for example, defending a dissertation. What distinguishes science from other areas is the need to plan, including your defense. And people who plan better, build a path to their goal, have a more detailed time perspective.

    The lack of a time perspective can have very serious consequences. Suicide is committed by people who have lost their sense of purpose, and the first sign may be that a person has no purpose in life. Alcoholism is also one of the signs of a lack of meaning. A person’s sense system is simplified. Because of this, he becomes more dependent on momentary desires. His illness or tendency to drink alcohol intensifies. Because this intensifies, his sense system is simplified. All this takes on a pathological character.

    How my research is structured

    One of the specific hypotheses I want to test is that time perspective is a specific phenomenon that separates meaning from happiness. In statistical terms, we can say that there is a moderation effect: the correlation either increases or decreases when we introduce time perspective. In the example of happiness and meaning, their relationship should be lower. Let’s say they correlate at 0.7, but when we introduce time perspective into the model, they start to correlate at 0.4. This means that the relationship is destroyed, reduced.

    The main study looks standard: I recruit a certain sample (about two hundred people) so that the study has sufficient power. This sample must be homogeneous. Then I conduct a set of tests. Most of them I still have to develop or test in Russian.

    And then a certain structural model is built, in which there is happiness and positive emotions, there is meaning and time perspective. Within the framework of the dissertation, there will be a number of other important variables. By analyzing the indicators, we can assume whether time perspective plays a role or not.

    What I am proud of

    By not spreading myself too thin. I can do a lot in science or in the academic environment right now, but I try to concentrate on my dissertation, on distant goals.

    There is one achievement. I opened a student research project group at the Faculty of Social Sciences. We worked for a year and conducted a number of interesting studies. This was my first experience of management. I won’t say that I am proud of it, but overall I consider this enterprise successful.

    We developed the issue of goal setting. We asked people how they think about goals, set goals, why, where it all starts, what difficulties there are in this process. The results are reflected in the article “Subjective experience of goal setting”, which will soon be published in the journal “World of Psychology” by my colleagues who worked with me. This process is described there in sufficient detail. We also created a test on involvement in the goal and conducted a number of tests.

    What We Learned About Goal Setting

    We conducted two studies. They were on maximally similar samples. But at the same time, we gave some people the freedom to write down their goals, and others were asked to choose from aspirations that had been empirically identified over decades of research. And we looked at what role meaning plays.

    It turned out that people who wrote down their goals themselves had one structure of involvement in these goals, but when we gave them the aspirations ourselves, the picture was different.

    In theory, these aspirations are divided into internal and external. Internal ones are, for example, the desire for self-development, external ones are the desire to look attractive. We thought that the structures for internal and external goals would differ. It turned out that the structure in each specific case will be its own.

    Some goals bring inspiration, a person gets energy from this inspiration and gets involved. Some goals do not bring inspiration at all, but motivate a person to work on themselves. And this structure in this case depends on the meaning of the goal. My dissertation will have a higher level of generalization: it is not about specific goals, but in principle about the time perspective.

    For example, does a person consider his future limited, if he feels that he may not have as long to live as he would like, most of his life has been lived. Or, on the contrary, the future is open, a person does not know how much longer he will live, and wants to set goals for a long, long time.

    My dream as a scientist

    I have a distant goal – to found an institute. An institute in the broadest sense – it can be an educational institution or a laboratory.

    I could say that it is a dream. But it is not a dream, it is a goal. And there are also things that can be called fantasies. For example, if we talk about the state of psychology and science in Russia, I have a fantasy that scientists will become a little more immersed in science. So far, this has not happened.

    Science is very fluid, very fast. You have to keep up with it.

    You need to be aware of the current state of science, read articles that are published in your field here and now. For example, in 2024, article in the journal “Neuro”. Neurophysiologists, based on experiments with rats, put forward the initial provisions that the functioning of consciousness can be explained by quantum dualism.

    Ideally, people who study the psychology of consciousness can mobilize and begin research based on this article. But only a few will do it. These same few will be cited. These same few will set trends for other scientists. And other scientists will come to this in years, when quantum dualism may no longer be so relevant.

    Before I came to my topic, I wrote probably a dozen research projects, and each topic was closer and closer to what we have now.

    And I see a certain gap between what we do and what our closest colleagues do – psychologists from all over Russia. They use a methodology that is significantly behind. They write research for the drawer. As a scientist, I dream that in Russia the gap between provincial and metropolitan science would be smaller (although, as my scientific supervisor says, there is most provincial science in Moscow – unfortunately, this is true). I want general competence to grow.

    What areas of science could I study?

    The parts of science are closely integrated into each other. From the topic of time perspective, I can move, for example, to the topic of the temporal aspect of consciousness, to talk about how consciousness here and now, consciousness that unfolds further, provides us with a state in the flow of time, the flow of life. This is close to my topic, but already a different area. And I see this as a topic for tomorrow. Maybe tomorrow I will get a grant on this topic, or maybe no one will need it, and I will turn in another direction.

    First of all, science is a worldview. I began to notice that as I delved into the scientific field, my thinking changed greatly. And this can even lead to conflicts with colleagues who are poorly integrated into science. For example, the question of truth.

    The scientist does not know the truth. He strives for it, but he will never know it. He gradually gains power over certain pieces of reality. And such a shaky one that perhaps a new study will refute it, and he will have to adapt to it. He has to think in changeable categories, to build his worldview on the fact that, in essence, nothing is true. And if it is true, then there must be numbers, there must be statistics – in statistical sciences, and in empirical science there must be an empirical base that confirms this. And even a series of confirmations does not give the scientist the right to think that this is so.

    More reliable data is a refutation of something. If it were shown on mice, humans and dolphins that there is no quantum dualism, we could say with more certainty that consciousness is still something different, but not like that. And we could study it further.

    If I hadn’t become a scientist

    I could become a writer, a cyberneticist, a philosopher, a data scientist. All of this is useful to me even in my work. I can easily immerse myself in philosophical and psychological research. Data Science is how we conduct research. Of course, prose would probably be more difficult for me to write than scientific articles, but I would manage. Perhaps poetry is not my thing, but who knows…

    How I use artificial intelligence

    For data analysis, we can only use artificial intelligence to a limited extent now, because the scientific community is not yet accustomed to it. For example, I can process data using machine learning, but it should be an analogue of an existing statistical method that we can do manually. So that if we publish an article, reviewers understand it.

    Personally, I discuss models with artificial intelligence. For example, we have a task to develop a test of time perspective. I have a certain set of variable characteristics: some were identified in a literature review, others in another study of mine. You can generalize this yourself in one way – theoretically. You can generalize it empirically, conduct a study if there are suitable methods. Or you can discuss it with artificial intelligence, giving it certain instructions.

    For example, in terms of time perspective, I have 15 different characteristics. I can’t measure them all in a dissertation, it would be too much. They are from different theories, some of them intersect, some don’t. Discussing this with artificial intelligence, I can identify a more coherent structure, say, of four components.

    Artificial intelligence is very good at identifying what are called in statistics orthogonal and oblique structures, that is, things that are definitely not correlated, and things that are weakly or strongly correlated.

    Who would I like to meet?

    With positive psychologist Robert Emmons. He is an American fundamental psychologist who studied the problems of personal aspirations, wrote about spirituality and religiosity. At the turn of the 2000s, he studied human goals. This is close to what I do. And recently – for more than ten years – he has been studying the problem of gratitude (whether it is an emotion or religious gratitude to God). I would ask him – why. I consider him a genius, but why he chose this direction, I still do not understand.

    Emmons’s graduate student was Ken Sheldon, who at one time worked as the scientific director of our laboratory. He is still an invisibly present at HSE, as his goal self-concordance model sometimes pops up – a model of the correspondence of goals with the interests, values and needs of the individual.

    How my typical day is structured

    Every day is like a new one, everything is different. The only thing is that every evening I walk the dog, and I periodically start the morning with pancakes that my girlfriend makes. I really love them.

    Do I get burnout?

    As I have noticed, scientists work in cycles. I am also starting to experience this, but I do not have burnout as such. There is simply a deterioration in my general condition, but I know very well how to deal with it. You need to do what you love. If I am currently doing work that is not interesting to me, I can put it aside and spend half an hour doing something that I enjoy.

    Science has helped me even in difficult moments in my life. I could miss the whole day due to various events. Feel tired all evening. Not sleep until 4am. But at 4am I would sit down to do science, and my life would become better.

    What are my hobbies besides science?

    I do sports. In the warm season, I like to go to the horizontal bars. Often with friends. I love my friends very much. Most of them are also connected with science. My best friend, with whom I have been friends since school, is involved in cybersecurity. He is also a graduate student. So in any free moment I try to meet with one of them. Or at least call, if a friend is from another city.

    What does sport give?

    Sport is a great tonic, changes the physiological state of the body. Beneficial hormones and hormones of happiness are produced. Sport stabilizes the nervous system, strengthens certain neural connections in the brain due to muscle innervation. And it improves your mood!

    What I read recently

    Nassim Taleb’s book “The Statistical Consequences of Fat Tails”. It is very critical of statistics in the social sciences. And, frankly, it is impossible not to agree with it.

    When collecting data, we work with a certain set of data as normally distributed indicators. We proceed from the assumption that everything we have received is subject to certain statistical laws.

    When we get a normal distribution, we know what to do with it. But if the distribution deviates from the normal, we don’t know how to work with that yet.

    “Fat tails” are just one of the signs that something deviates from the normal.

    Taleb wrote a book based on several dissertations and a number of articles by statisticians. It says that the distribution will most often be different. Most often it will obey other laws, not those we rely on. But we will work, closing our eyes to this. That’s how I was taught, that’s how everyone is taught now.

    If we admit that the book is telling the truth, we will have to admit that we can’t do anything. Statisticians should teach us (scientists who use applied statistics) to work with other data distributions. And they themselves can’t work with all types of distributions.

    Advice to young scientists

    Among young scientists, especially among my peers, the issue of earning money is acute. If you want to earn money, go into business or management. If you are a person of the heart, then go where your heart leads you. But remember that only the best of the best will earn money doing what you really like.

    Favorite place in Moscow

    I really like the Gorka Park with its sports ground under Maroseyka, not far from the Vyshka. And I like the park on Vorobyovy Gory, there is the Luzhniki sports complex nearby, you can work out on the horizontal bars and then walk along the embankment with friends.

    Favorite place in Irkutsk

    In Irkutsk, where I was born and raised, there are also two wonderful embankments. Not far from Irkutsk is Baikal, if you go to a non-tourist place, everything there is wonderful.

    I like the town of Slyudyanka in the south of Baikal. It is equidistant from the Buryat centers of attraction and Irkutsk. I have relatives there. And Baikal there is exactly the kind that is remembered: nature, beaches, mountains.

    I also love the village of Staraya Angasolka, located on the Circum-Baikal Railway. In 1926, Nikolai Roerich passed through this station, and now there is a museum to him there.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

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  • MIL-OSI Russia: Diplomas were awarded at the Institute of Continuous Education

    Translartion. Region: Russians Fedetion –

    Source: Saint Petersburg State University of Architecture and Civil Engineering – Saint Petersburg State University of Architecture and Civil Engineering – Sergey Shirshikov and IBFO graduate Anastasia Podolskaya

    The Institute of Continuous Education of SPbGASU awarded diplomas to graduates. Documents on successful completion of the university were received by 627 people: 480 bachelors, 25 specialists, 122 masters. 33 people received diplomas with honors.

    “By combining study with work, our graduates have demonstrated their determination, strength of character, and that they truly deserve to have a higher education. I would like to wish them all success in their professional activities. I would also like to remind you that at SPbGASU you can improve your qualifications, undergo retraining, and receive higher education in other areas. Our doors are always open!” said IBFO Director Sergei Shirshchikov.

    Professor of the Department of Construction Organization Alexander Rudenko shared his opinion about the final qualifying work of his student, a graduate of the bachelor’s degree in the field of training “Construction” Yulia Taranova. The State Attestation Commission noted the high level of Yulia’s final qualifying work on the topic “Design and construction of the building of the puppet theater in Petropavlovsk-Kamchatsky” and its defense.

    “The process of completing the final qualifying work by Yulia Gennadievna was an example of such an attitude to the educational process, which is typical for a researcher and designer, which is what the teachers of our department are trying to teach students. Yulia approached the development of the final qualifying work in the most motivated way, demonstrating the ability to independently work with regulatory literature, high speed of perception of information, erudition, the ability to improve her competencies as the final qualifying work is completed, the ability to develop complex technical solutions independently. I would also like to mention her ability to concentrate at the right moment, which she demonstrated during the defense.”

    The members of the State Examination Commission noted the depth of development and practical significance of the master’s thesis by Yulia Amoskova on the topic “Strategy for an organization’s entry into the warehouse real estate construction market”, completed under the scientific supervision of the head of the construction management department Natalia Pletneva. As Natalia Gennadievna explained, the work analyzes the warehouse real estate market in Russia and, in particular, in St. Petersburg. Possible directions for the development of construction and engineering companies in the warehouse infrastructure construction and operation market are substantiated: custom construction, construction with subsequent leasing of warehouse facilities, construction of warehouses with subsequent provision of warehouse services. Using the example of a specific organization, costs and incomes were calculated in all three areas, while the construction of a warehouse in Shushary and Fyodorovskoye was considered and the best option for the organization was selected.

    In addition, the commission highly appreciated the work of Maria Zolotova, a graduate of the Master’s program in the field of training “Management”, on the topic “Development of a strategy for the implementation of information modeling technologies in the construction project management system”. The strategy considers key aspects related to the integration of information modeling technology (IMT) in the design, construction and operation of facilities. The main focus is on the creation of an organizational structure of the enterprise and a project management system, which include the distribution of roles and responsibilities, the establishment of hierarchies, and the definition of relationships between different departments. Maria Vladimirovna, using the example of creating an evacuation map of a building using IMT, justifies the effectiveness of the solutions proposed in the work. The master’s student’s supervisor, Dean of the Faculty of Economics and Management Galina Tokunova noted her creative activity, initiative and high potential for research work. Guided by the significance of the study and the master’s student’s ability to conduct research, the commission recommended publishing the results of the study, and Maria Zolotova continuing her education in graduate school.

    A graduate of the bachelor’s degree in the field of “Construction” Anastasia Podolskaya was awarded a red diploma. Anastasia works in her specialty, and the knowledge she gained has already come in handy.

    “I studied easily, with pleasure – I also finished school with excellent grades. After school, I immediately entered SPbGASU. Everyone in my family is a programmer, I had no idea what awaited me. In my third year, I went to Finland for six months on an exchange. When I returned, I went to work and continued my studies at IBFO. My plans are to continue working. That’s one hundred percent for sure!”

    Artem Zholobov, a graduate of the bachelor’s degree in the field of “Construction”, has many positive emotions associated with the university. He warmly remembers his mentors and their lectures.

    “The more you work, the more you understand the importance of studying. At work, you do something, and at university you understand why you do it, how everything interacts with each other. Thanks to the university, I work at Atomenergoproekt. If I hadn’t studied here, I wouldn’t have gotten there!”

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  • MIL-OSI Russia: Students attended a lecture by representatives of the Samolet company

    Translartion. Region: Russians Fedetion –

    Source: Saint Petersburg State University of Architecture and Civil Engineering – Saint Petersburg State University of Architecture and Civil Engineering – Students at a lecture

    The Center for Student Entrepreneurship and Career of SPbGASU organized a lecture by representatives of one of the largest Russian developers, Samolet. Senior students were among the audience.

    “We hold regular meetings between students and representatives of industry companies. In this way, students get a unique opportunity not only to learn about professions, but also to personally meet the largest construction companies in the country. The dialogue format allows students to ask questions and receive valuable recommendations from professionals, which will certainly help them in their future employment,” noted Veronika Nikiticheva, Deputy Director of the Center for Student Entrepreneurship and Career at SPbGASU.

    Director of Human Resources and Sustainable Development of Samolet, Alexandra Gorchakova, spoke about the company’s history and culture, team values and career opportunities.

    “In terms of construction volumes and land bank, our company ranks first in the country and has over a hundred projects at various stages in its portfolio. With such indicators, we occupy a leading position not only in the domestic market, but also in the European one. We are focused on constantly improving efficiency, for which we are developing new initiatives, introducing automation tools and new digital solutions. This year, we continue to develop the youth direction. We support special projects for young people: hackathons, excursions, career days,” explained Alexandra Gorchakova.

    Maxim Shinkarev, the head of the development project at Samolet, spoke in detail about the development cycle: what stages it includes, what are the responsibilities of each specialist, and what skills are in demand. The presentation allowed students to clearly see the entire cycle, from the selection and registration of land plots to the settlement of new residents.

    Fourth-year student of the construction faculty Egor Vinogradov admits that he learned in detail and directly from industry specialists about how a structure is built and put into operation, about possible risks, about the problems that have to be faced at different stages of construction. “Perhaps, I will contact this company for industrial practice,” Egor concluded.

    Fifth-year construction student Ekaterina Ponomareva intends to develop professionally now, combining studies with work. It turns out that this is also possible at Samolet.

    “I came to the lecture to learn more about construction processes directly from practitioners. I am quite well informed about the company, its large-scale projects and constant development, so I would like to get a job there, especially since I have heard about good salaries,” said Ekaterina.

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  • MIL-OSI Russia: “A Journey into the World of Research and Discovery”: HSE Introduces Schoolchildren to Become Future Professionals

    Translartion. Region: Russians Fedetion –

    Source: State University Higher School of Economics – State University Higher School of Economics –

    © Higher School of Economics

    On Science Day, the Higher School of Economics hosted a ceremonial event, “Initiation into Future Professionals,” for 10th-grade students in the pre-professional education projects, “Engineering Class in a Moscow School,” “IT Class in a Moscow School,” “Entrepreneurial Class in a Moscow School,” and “Media Class in a Moscow School.”

    At the HSE Culture Center Laboratory of Media Communications in Education met almost three hundred tenth-graders — participants of the project “Media class in a Moscow school”. Director of strategic work with applicants, Deputy Vice-Rector Alexander Chepovsky opened Science Day with the following words: “Science is not just a set of facts and theories. It is a fascinating journey into the world of research, experiments and discoveries. Each of you has the opportunity to become a part of it. We hope that Science Day will inspire you to new achievements and help you discover the world of media. Do not be afraid to experiment and try new things. Each of you is unique, and it is your individuality that will make this world brighter and more interesting. Set ambitious goals and always strive for new heights. You are the future of the media industry, and we believe that you can change this world for the better. I wish you good luck and hope to see your achievements!” He also invited everyone to get acquainted with the prospects of studying at the National Research University Higher School of Economics, after which a series of interesting and useful speeches were held for the visitors.

    Deputy Dean Faculty of Creative Industries Tatyana Tikhomirova spoke about media programs and training areas, as well as about the teachers, many of whom are active media specialists. Press Secretary of the Institute of Biomedical Problems of the Russian Academy of Sciences Oleg Voloshin held a master class, where he examined cases of media coverage of research by scientists who ensure the health of astronauts working in orbit. In addition, a media quiz prepared by Anastasia Chesnokova, an expert of the Laboratory of Media Communications in Education, helped the children test their knowledge gained during their studies in media classes.

    The initiation into future professionals for students of Moscow’s entrepreneurship classes began in the atrium of the main building of the HSE on Pokrovsky Boulevard, 11. Director Center for Academic Development of Students of the National Research University Higher School of Economics Andrey Kozhanov gave an opening speech, after which congratulatory letters were read from the President of the Russian Union of Industrialists and Entrepreneurs and the Higher School of Economics, Alexander Shokhin, and the Chairman of the Board of Trustees of the All-Russian Public Organization of Small and Medium-Sized Entrepreneurship “OPORA RUSSIA” Sergey Borisov.

    On behalf of the business, the participants were congratulated by the Director of Innovation and Ecosystem Development at Wildberries

    However, Science Day did not end with this fiery dance. According to the already established tradition, four business trainings were organized for schoolchildren.

    1. General Director of the Prospect company Olga Barinova held a unique master class on the topic of “Creating and implementing a business idea,” focusing specifically on the implementation of creative ideas.

    2. Lyudmila Bulavkina, serial entrepreneur, business angel, strategic consultant and leading expert at the National Research University Higher School of Economics, conducted a training session in a game format called “Roles in Business, Roles in a Team”.

    3. Angelina Akatova, business trainer of the department for work with educational organizations of the Wildberries company

    4. Co-owner of the IT company RiskProf Alexander Bragin told schoolchildren in accessible language about the opportunities that the use of neural networks in business opens up today.

    The icing on the cake was the speeches of the finalists of the Science for Life conference (in the Step into Business nomination) 2023 Alena Adoratskikh and Veronika Gileva (school No. 1799) and student MIEF, graduates of Irina Balberova’s entrepreneurship class.

    MIEM HSE hosted more than 200 tenth-graders from six Moscow schools participating in the projects “Engineering Class in a Moscow School” and “IT Class in a Moscow School”, who immersed themselves in the world of advanced technologies and engineering professions.

    The official part of the ceremony was opened by the performance of the Russian anthem. The Vice-Rector and Director of MIEM HSE Dmitry Kovalenko addressed the participants with a welcoming speech. He congratulated the schoolchildren on the Day of Russian Science, noted the importance of engineering and IT specialties in the modern world and invited them to continue their education within the walls of the university.

    Leading specialists from HSE partner companies, such as ScanEx Group, Aquarius, and YADRO, as well as MIEM employees, spoke to the participants. They presented current trends in engineering, geoinformatics, IT, computer technology, and artificial intelligence, shared professional insights, and talked about the in-demand competencies of the future.

    The program also included an intellectual quiz “Interesting facts from the engineering and IT industry”, the winners of which received souvenirs from the university. The event ended with a lecture “Professions of the Future and AI”, which aroused keen interest among the audience.

    Throughout the day, there was a thematic photo zone where schoolchildren could take memorable photos with the HSE symbol – a crow.

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  • MIL-OSI Russia: Exercises at the Polytechnic: Readiness Check

    Translartion. Region: Russians Fedetion –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    On February 27, the Polytechnic University held an object training. This time, the Polytechnicians worked out algorithms for actions in the event of an attack by an unmanned vehicle and a fire.

    Activities in the field of anti-terrorist security, fire safety, civil defense and emergency prevention and response are held at SPbPU regularly.

    The head of the training, Vice-Rector for Security at SPbPU Alexander Airapetyan informed the participants of the initial situation and the plan of the training.

    At the first stage, workers and students practiced taking cover in basements (ground) upon receiving the signal “Attention everyone!” with a voice message about the danger “Attack by an unmanned aerial vehicle.”

    According to the scenario, an air raid siren sounded. After receiving the signal, everyone began to descend to the basement. Staff and students responded quickly and moved to shelter in place within eight minutes.

    The second stage was devoted to evacuation from the building in case of fire. According to the plan, the criminal, who was on the territory of the university, decided to arrange a provocation by using an incendiary mixture to set fire to the security post of the third academic building. However, the criminal failed to enter the building, and he set fire to the entrance door (model), after which he tried to escape.

    The attacker was quickly detained by a patrol group of the security organization “Yu-Piter”, and the fire was quickly localized by volunteers of the student fire and rescue squad “Pyotr Velikiy”, which is part of the All-Russian Student Rescue Corps.

    At the end of the event, SPbPU Vice-Rector for Security Alexander Airapetyan thanked all the participants of the exercises, highly appreciating their organization, and emphasized the importance of conducting such training for students and staff.

    Photo archive

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  • MIL-OSI Russia: Dmitry Chernyshenko: The third wave of selection of research centers in the field of artificial intelligence is starting

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    The Ministry of Economic Development is launching a competitive selection of the “third wave” of research centers in the field of artificial intelligence.

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    The Ministry of Economic Development is launching a competitive selection of the third wave of research centers in the field of artificial intelligence (AI). Grants to universities and research organizations for scientific research in the field of artificial intelligence technology development for the period 2025–2026 will be distributed within the framework of the federal project “Artificial Intelligence” of the national project “Data Economy”. The four-year cycle of work of six research centers of the first wave ended at the end of 2024.

    “President Vladimir Putin set the task of ensuring the availability of our own developments of a new generation of artificial intelligence, emphasizing that this is one of the key conditions for the scientific, technological and ideological sovereignty of the country. To strengthen breakthrough scientific discoveries within the third wave, at least six research centers will be selected, which will be allocated about 4.5 billion rubles in grants. They will focus on the development of strong AI, technology forecasting and attracting industrial partners, forming a basis for fundamental scientific research and accelerating the emergence of innovative solutions that can provide Russian science with leading positions in the world,” emphasized Deputy Prime Minister Dmitry Chernyshenko.

    In particular, the new centers will work in such areas as “Elements of Strong AI”, “Control, Decisions, Agent/Multi-Agent Systems”, “Fundamental and Generative Models”, and others.

    The specific achievements of the recipients of support will contribute to the development of the potential of Russian science and the technological growth of the economy, noted First Deputy Minister of Economic Development Maxim Kolesnikov.

    “The task of the research centers is to conduct breakthrough scientific research at the world level. Each center that passes the selection procedure will be able to receive about 336 million rubles in 2025, and up to 422 million rubles in 2026. At the same time, the volume of extra-budgetary co-financing should be at least 30% annually,” commented Maxim Kolesnikov.

    He expressed confidence that it would be possible to support the best teams with the most ambitious programs. On the instructions of the President, support for research centers in the field of AI will continue until 2030.

    The first wave of selection of research centers in the field of AI took place in 2021 within the framework of the federal project “Artificial Intelligence” of the national program “Digital Economy of the Russian Federation”. Six scientific and educational organizations received state support for the implementation of programs in the field of AI: Skoltech, Innopolis University, ITMO University, HSE University, MIPT and V.P. Ivannikov Institute of System Programming of the Russian Academy of Sciences. The total amount of support exceeded 8 billion rubles.

    Research center staff have published 165 articles on AI topics in first quartile journals indexed in WoS/Scopus systems, made 206 publications at A* level conferences in the field of artificial intelligence, and created and maintain 15 frameworks.

    Research centers, together with 36 industrial partners, including Sber, Yandex, MTS, Gazprom Neft, Sibur, KhimRar, and Kaspersky Lab, have already launched about 50 applied solutions.

    As part of the second wave of selection of research centers, programs of industry centers in the field of AI were supported at the N.N. Blokhin National Medical Research Center of Oncology, S.P. Korolev Samara University, MEPhI, N.I. Lobachevsky UNN, St. Petersburg State University, and Novosibirsk State University.

    Expert support for the competitive selection and subsequent support for the implementation of research center activity programs will be provided by the Strategic Agency for Support and Formation of AI Developments, a project office created on the basis of the Skolkovo Foundation. You can get advice on preparing applications for the competition by contacting the e-mail address aicenters3@sk.ru.

    Documentation for participation in the selection is posted on the portal Rinse. Bujet.gh.ru.

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  • MIL-OSI Russia: Financial news: The microfinance market in 2024 grew due to companies associated with the largest marketplaces and banks

    Translartion. Region: Russians Fedetion –

    Source: Central Bank of Russia –

    The volume of loans issued by microfinance organizations (MFOs) increased by more than 50% in 2024. The largest increase was shown by companies from the banking MFO segment. Moreover, 65% of loans in this segment are accounted for by MFOs, the basis of whose financial groups are the largest marketplaces and non-banking settlement credit organizations.

    Such dynamics of banking MFIs is largely connected with more accessible funding at the expense of the group’s funds, which allows them to issue loans at rates on average a quarter lower than other MFIs. This makes them attractive to citizens.

    The quality of the MFI portfolio in 2024 improved both due to the growth of new loans and as a result of the consistent tightening of macroprudential limits restricting issuance to high-risk borrowers. The share of loans from individuals with a DTI of 50–80% decreased to 11%, with a DTI of more than 80% — to 3%.

    They will be introduced in stages from 2025 further measures, to limit the over-indebtedness of citizens. The main ones are reducing overpayments on MFO loans from 130 to 100% and limiting the number of simultaneously active expensive loans. Currently, 22% of citizens – MFO borrowers have 3 or more loans on hand at the same time. The debt of such borrowers reaches almost half of the MFO consumer portfolio.

    Read more in the article “Trends in the MFI Market for 2024”.

    Preview photo: nimito / Shutterstock / Fotodom

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    HTTPS: //VVV.KBR.ru/Press/Event/? ID = 23421

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  • MIL-OSI Russia: Financial news: New procedure for using escrow accounts in private home construction is being introduced

    Translartion. Region: Russians Fedetion –

    Source: Central Bank of Russia –

    Innovations that in law will come into force on March 1, are aimed at protecting the rights of citizens and will contribute to increasing the transparency of the construction industry.

    Citizens (customers) using escrow accounts for payments during the construction of a private home will now have the same advantages as when purchasing an apartment in an apartment building under construction:

    — the contractor will be able to receive money from the escrow account only after registering the ownership of the constructed house (if for some reason the contractor does not fulfill his obligations, the citizen will receive the money back);

    — escrow accounts will be opened only inbanks with sufficient credit rating, and the funds for them will be insured up to 10 million rubles.

    Citizens will have the right to refuse to continue construction of a private home and return funds from the escrow account, provided that the contractor is paid for the materials used and the work performed.

    It will be possible to receive a preferential “Family Mortgage” for the construction of a private home only if funds for payment under the contract are placed in an escrow account. In this regard, the Bank of Russia expects that the mechanism will be in demand not only by citizens, but also by developers.

    Contractors working under the new rules will be required to publish in the Unified Information System for Housing Construction information about the legal entity, about projects of private houses that can be built, with the estimated cost and timeframes for the work, as well as about the authorized bank in which the escrow account is opened.

    Preview photo: ANNVIPS / Shutterstock / Fotodom

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  • MIL-OSI Russia: Financial News: List of CS (taxonomy 6.1.0.1) excluded from verification

    Translartion. Region: Russians Fedetion –

    Source: Central Bank of Russia (2) –

    The taxonomy for the presentation of information on request (version 4.3.0.2) is intended for the presentation to the Bank of Russia of information submitted at the request of the Bank of Russia, and is to be used when sending the following information to the Bank of Russia:

    Submission of information from credit history bureaus to the Bank of Russia starting from the reporting date of 2022-06-30 (in accordance withThe procedure for preparing and submitting information from credit history bureaus to the Bank of Russia upon request). Submission of information by insurers to the Bank of Russia starting from the reporting date 2022-07-01 (for interperiod reporting dates, i.e. reporting dates other than 31.01, 28.02, 31.03, 30.04, 31.05, 30.06, 31.07, 31.08, 30.09, 31.10, 30.11, 31.12).

    Please note that for the purposes of submitting supervisory reports and accounting (financial) reports of credit history bureaus to the Bank of Russia (in accordance with Bank of Russia Instruction No. 5851-U dated 09.07.2021 “On the forms, procedure and terms for compiling and submitting reports of credit history bureaus to the Bank of Russia”), the Bank of Russia Final XBRL Taxonomy (version 4.3), published on the official website of the Bank of Russia, should continue to be used.

    For the purposes of submitting supervisory and statistical reports of insurers to the Bank of Russia (in accordance with Bank of Russia Instruction No. 5724-U dated 03.02.2021 “On the forms, terms and procedure for compiling and submitting reports of insurers to the Bank of Russia”), the Bank of Russia Final XBRL Taxonomy (version 4.2), published on the official website of the Bank of Russia, should continue to be used.

    For the purposes of submitting accounting (financial) statements of insurers to the Bank of Russia, the Bank of Russia Final XBRL Taxonomy (version 4.3), published on the official website of the Bank of Russia, should continue to be used.

    05/30/2022

    Accompanying documents for the module

    More Collapse –

    Methodological recommendations

    More Collapse –

    06/29/2022

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  • MIL-OSI Russia: Marat Khusnullin: The acceptance of applications from regions for subsidizing integrated territorial development projects has been completed

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Residential area in the Kirov region.

    Integrated development of territories (IDT) is a mechanism for accelerated involvement of abandoned or inefficiently used territories into circulation, primarily for housing construction. This tool for improving the urban environment, introduced in 2021, shows a steady increase in demand in the regions.

    “Integrated territorial development is a unique urban planning tool. More and more regions are showing interest in it and involving more and more sites for this, where it is planned to build housing, social, communal, road infrastructure facilities, as well as resettlement of dilapidated and emergency housing. Now, on the instructions of the President, regions can receive direct subsidies for the construction of facilities within the framework of integrated territorial development. The program includes 37 entities. These are regions with a low level of budget provision, as well as entities for which individual socio-economic development programs are being developed. Earlier, the Government approved the rules for the provision and distribution of subsidies for the implementation of KRT projects. Today, the acceptance of applications from regions has been completed,” said Marat Khusnullin.

    The Deputy Prime Minister noted that, on the instructions of the President of Russia, 120 billion rubles will be allocated to the regions for these purposes by 2030. This work is being carried out under the federal project “Housing” of the national project “Infrastructure for Life”.

    “The main criterion for providing subsidies is the commissioning of housing within the framework of the KRT project. The funds can be used for the construction or reconstruction of educational, healthcare, housing and communal services and transport infrastructure facilities, as well as for connecting capital construction projects to heat supply, water supply and sanitation networks,” said First Deputy Minister of Construction and Housing and Communal Services Alexander Lomakin.

    To qualify for subsidies, regional authorities submitted packages of documents containing decisions on integrated territorial development, an agreement or contracts on integrated territorial development with the obligations of the subject of the Russian Federation to implement projects, as well as confirmation of housing construction plans, such as permits for the construction of multi-apartment buildings.

    The list of 37 regions that can apply for support for the implementation of KRT projects includes the city of Sevastopol, Bryansk, Ivanovo, Kirov, Kostroma, Kurgan, Oryol, Penza, Pskov, Tambov, Kherson and Zaporozhye regions, the republics of Adygea, Altai, Buryatia, Dagestan, Ingushetia, Kalmykia, Crimea, Mari El, Mordovia, Sakha (Yakutia), North Ossetia – Alania, Tuva, Khakassia, Kabardino-Balkarian, Karachay-Cherkess, Chechen, Chuvash republics, Altai, Transbaikal, Kamchatka, Stavropol territories, the Jewish Autonomous Region, Chukotka Autonomous Okrug, Donetsk and Lugansk People’s Republics.

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  • MIL-OSI Russia: Marat Khusnullin: The law on escrow accounts for individual housing construction comes into force on March 1

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    The law on escrow accounts for individual housing construction comes into force on March 1.

    Starting from March 1, 2025, a law will come into force that provides for the possibility of using the escrow account mechanism in individual housing construction (IHC). This mechanism protects citizens’ finances from unscrupulous construction organizations and guarantees the safety of transactions in the construction of houses. This was reported by Deputy Prime Minister Marat Khusnullin.

    “We are noting the growing interest of citizens in individual housing construction. In particular, this is confirmed by the consistently high level of individual housing construction in recent years. Last year, 62.3 million square meters of individual houses were commissioned, which was a record figure in the entire history of Russia. Our task is to support people in their desire to live in their own home. First of all, it is important to provide land plots with the necessary engineering, social and transport infrastructure. In addition, it is necessary to guarantee the security of transactions. Thus, from March 1, a law comes into force that provides for the use of an escrow account mechanism for individual housing construction, which has already proven itself in the construction of apartment buildings. I am confident that such a measure will increase the reliability of individual housing construction and citizens’ trust in this market,” said Marat Khusnullin.

    The Deputy Prime Minister noted that escrow accounts ensure the safety of citizens’ investments throughout the entire housing construction process. Buyers can be sure that their money will be sent to the developer only after all obligations have been fulfilled. Thus, in the event of problems with construction, citizens will get their money back.

    According to the new mechanism, construction of houses will be carried out by contractors, including using ready-made house kits, on territories owned, leased or used free of charge by private individuals.

    Organizations planning to carry out their activities within the framework of the new mechanism must post information about themselves, about the residential buildings they are building, about the bank through which clients’ escrow accounts are processed (if targeted loans are used for construction), as well as about concluded contracts in the unified information system for housing construction.

    “Thanks to this, it will be easier for citizens to evaluate the work of a developer, and easier to choose a construction company based on open data,” added the Deputy Prime Minister.

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  • MIL-OSI Russia: Financial news: Three Federal Treasury deposit auctions will take place on 28.02.2025

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    Application selection parameters
    Date of the selection of applications 02.28.2025
    Unique identifier of the application selection 22025042
    Deposit currency rubles
    Type of funds funds of the single treasury account
    Maximum amount of funds placed in bank deposits, million monetary units 1,288,000
    Placement period, in days 4
    Date of deposit 02.28.2025
    Refund date 04.03.2025
    Interest rate for placement of funds (fixed or floating) Fix
    Minimum fixed interest rate for placement of funds, % per annum 20.05
    Basic floating interest rate for placement of funds
    Minimum spread, % per annum
    Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Urgent
    Minimum amount of funds placed for one application, million monetary units 1,000
    Maximum number of applications from one credit institution, pcs. 5
    Application selection form (open or closed) Open
    Application selection schedule (Moscow time)
    Venue for the selection of applications PAO Moscow Exchange
    Applications accepted: from 09:30 to 09:40
    Preliminary applications: from 09:30 to 09:35
    Applications in competition mode: from 09:35 to 09:40
    Formation of a consolidated register of applications: from 09:40 to 09:50
    Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 09:40 to 10:00
    Submission of an offer to credit institutions to conclude a bank deposit agreement: from 10:00 to 10:50
    Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 10:00 to 10:50
    Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n
    Application selection parameters
    Date of the selection of applications 02.28.2025
    Unique identifier of the application selection 22025043
    Deposit currency rubles
    Type of funds funds of the single treasury account
    Maximum amount of funds placed in bank deposits, million monetary units 50,000
    Placement period, in days 182
    Date of deposit 02.28.2025
    Refund date 08/29/2025
    Interest rate for placement of funds (fixed or floating) Flotting
    Minimum fixed interest rate for placement of funds, % per annum
    Basic floating interest rate for placement of funds Ruonmds
    Minimum spread, % per annum 0.00
    Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Special
    Minimum amount of funds placed for one application, million monetary units 1,000
    Maximum number of applications from one credit institution, pcs. 5
    Application selection form (open or closed) Open
    Application selection schedule (Moscow time)
    Venue for the selection of applications PAO Moscow Exchange
    Applications accepted: from 12:00 to 12:10
    Preliminary applications: from 12:00 to 12:05
    Applications in competition mode: from 12:05 to 12:10
    Formation of a consolidated register of applications: from 12:10 to 12:20
    Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 12:10 to 12:30
    Submission of an offer to credit institutions to conclude a bank deposit agreement: from 12:30 to 13:20
    Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 12:30 to 13:20
    Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n

    RUONmDS = RUONIA – DS, where

    RUONIA – the value of the indicative weighted rate of overnight ruble loans (deposits) RUONIA, expressed in hundredths of a percent, published on the official website of the Bank of Russia on the Internet on the day preceding the day for which interest is accrued. In the absence of a RUONIA rate value published on the day preceding the day for which interest is accrued, the last of the published RUONIA rate values is taken into account.

    DS – discount – a value expressed in hundredths of a percent and rounded (according to the rules of mathematical rounding) to two decimal places, calculated by multiplying the value of the Key Rate of the Bank of Russia by the value of the required reserve ratio for other liabilities of credit institutions for banks with a universal license, non-bank credit institutions (except for long-term ones) in the currency of the Russian Federation, valid on the date for which interest is accrued, and published on the official website of the Bank of Russia on the Internet.

    Application selection parameters
    Date of the selection of applications 02.28.2025
    Unique identifier of the application selection 22025044
    Deposit currency rubles
    Type of funds funds of the single treasury account
    Maximum amount of funds placed in bank deposits, million monetary units 10,000
    Placement period, in days 4
    Date of deposit 02.28.2025
    Refund date 04.03.2025
    Interest rate for placement of funds (fixed or floating) Fix
    Minimum fixed interest rate for placement of funds, % per annum 20.05
    Basic floating interest rate for placement of funds
    Minimum spread, % per annum
    Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Urgent
    Minimum amount of funds placed for one application, million monetary units 1,000
    Maximum number of applications from one credit institution, pcs. 5
    Application selection form (open or closed) Open
    Application selection schedule (Moscow time)
    Venue for the selection of applications PAO Moscow Exchange
    Applications accepted: from 18:30 to 18:40
    Preliminary applications: from 18:30 to 18:35
    Applications in competition mode: from 18:35 to 18:40
    Formation of a consolidated register of applications: from 18:40 to 18:50
    Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 18:40 to 18:50
    Submission of an offer to credit institutions to conclude a bank deposit agreement: from 18:50 to 19:30
    Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 18:50 to 19:30
    Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n

    Contact information for media 7 (495) 363-3232Pr@moex.kom

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  • MIL-OSI Russia: Rosneft continues large-scale scientific research in the Arctic

    Translartion. Region: Russians Fedetion –

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    On February 28, Russia celebrates Arctic Day, which aims to draw attention to the issue of preserving the nature of this unique region.

    Rosneft pays special attention to environmental issues and the preservation of biodiversity in the Arctic region. Since 2012, the Company has been implementing the largest comprehensive scientific research program in the Arctic since Soviet times. During this time, more than 50 expeditions have been conducted, and a unique array of information about the region has been collected. Geological, oceanographic, hydrometeorological and environmental research is carried out in cooperation with key scientific institutes of the country.

    The Company’s expeditions are unprecedented in their scale – research is conducted of the waters of the northern seas, the seabed, the coastal zone, glaciers and icebergs, as well as animal bioindicators. The results of many years of work on studying the region are presented in the ecological atlases of Rosneft and the non-governmental development institute Innopraktika, and are also reflected in numerous documentaries filmed with the support of the Company.

    In 2024, Rosneft, together with scientists from the country’s leading research institutes, launched a new corporate biodiversity conservation program called Tamura. Its goal is to update information on the state of the region’s key animal species, including its bioindicators.

    During the first field season alone, Rosneft organized 5 expeditions in the north of Krasnoyarsk Krai, during which studies were conducted of the Kara subpopulation of polar bears, wild reindeer, and rare bird species. The total length of air routes was almost 17,000 km, and water routes – more than 3,000 km.

    At the mouth of the Yenisei River on the Brekhov Islands, scientists from the Institute of Ecology and Evolution of the Russian Academy of Sciences recorded 60 rare bird species. As part of the program, Rosneft, together with SFU, also continued long-term research into the wild reindeer population. In addition, on the northwestern coast of Taimyr and the islands of the Kara Sea, the Company’s scientists conducted a polar bear census during the ice-free period, recording 50 Arctic predators. In 2025, scientists are faced with the task of conducting the first full-scale aerial census of the Kara polar bear subpopulation in Russian practice.

    The data obtained will allow scientists to draw conclusions about the state of ecosystems and develop measures to preserve the biodiversity of the Arctic region. In total, ten expeditions will be conducted over four years.

    In addition, Rosneft, together with Innopraktika and the Center for Full Genome Sequencing, are implementing a unique project to create a genomic database of living organisms in the Russian Arctic. This information is necessary for long-term planning of sustainable development of the region and preservation of its fragile ecosystems. Among the priority works is the assembly of the full genome of the polar bear.

    Since 2013, Rosneft has been caring for all polar bears living in Russian zoos. Currently, the Company patronizes 35 polar bears in 16 zoos in the country, providing them with care, feeding, veterinary support, and updating their enclosures. With the Company’s support, special toys have been developed to increase the animals’ physical activity. In addition, Rosneft is implementing a program to rescue and rehabilitate young polar bears left in the wild without their mother’s care. Thanks to the Company’s support, six orphaned bear cubs have already been rescued in the Russian sector of the Arctic since 2016.

    Rosneft and Innopraktika are also implementing a large-scale environmental project in the White Sea. As part of the expeditions, scientists have repeated the route of the famous Soviet hydrobiologist Konstantin Deryugin, which he completed more than 100 years ago. Specialists plan to obtain data on the current state of the White Sea biota and assess the changes in the region’s ecosystems that have occurred over the past 100 years.

    This year, Rosneft continued geological exploration of the Arctic. The project, which has been implemented since 2020, already covers all the seas of the Russian Arctic. The goal of the expeditions is to obtain core samples to build a reliable geological model of the studied regions, as well as to estimate the length of the Russian continental shelf in the Arctic Ocean.

    Department of Information and Advertising of PJSC NK Rosneft February 28, 2025

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  • MIL-OSI Russia: A year in RIM: at SPbGASU, estimators discussed the results of work on the resource-index method

    Translartion. Region: Russians Fedetion –

    Source: Saint Petersburg State University of Architecture and Civil Engineering – Saint Petersburg State University of Architecture and Civil Engineering – Victoria Vinogradova, Alexander Grimitlin, Valery Uskov, Evgeny Enokaev, Maxim Shibnev, Alexey Belousov, Oleg Razgulyaev, Pavel Goryachkin

    For the second time, SPbGASU held a conference on the application of the resource-index method (RIM) for pricing the estimated cost of construction for government procurement projects.

    RIM is a new method for determining the estimated cost of construction. It involves the use of estimate standards – a list of resources required to carry out the work and their quantity, but without base prices. The cost of each resource is determined in current prices directly at the time of drawing up the estimate. Since the first quarter of 2024, 85 regions of the country have switched to RIM. Let us recall that a year ago, the Consortium of the Construction Industry of the Northwestern Federal District (includes the construction committees of St. Petersburg and the Leningrad Region, the SRO Association “Association of Builders of St. Petersburg”, SPbGASU, NP “Association of Manufacturers of Building Materials”), the IOO “Union of Estimating Engineers” and the National Association of Surveyors and Designers (NOPRIZ) held the first conference on the use of RIM. Then the professional community discussed the expected effectiveness of the innovation and the problems in construction processes associated with it. This year, the organizers of the conference summed up some of the work.

    “A year ago, the obligation to switch to RIM was an event that took many by surprise. Today, we intend to discuss ways to facilitate and increase the reliability of the work of estimators,” emphasized Oleg Razgulyaev, Vice President of the Association of Construction Materials Manufacturers, moderator of the conference.

    Alexey Belousov, General Director of the Saint Petersburg Builders Association and Coordinator of the Northwestern Federal District Construction Industry Consortium, noted that today prices for construction materials are quite volatile, which requires better work with them, so the conference is of great importance. “RIM allows for more efficient work in the current conditions. In addition, the government has legislatively allowed for price adjustments during construction in the range of up to 30 percent. This is serious support for the industry,” he said.

    Digital aspects

    Alexander Grimitlin

    Vice President of NOPRIZ Alexander Grimitlin recalled that in light of geopolitical events, unprecedented pressure caused certain concerns, since many foreign software products were supplied from unfriendly countries. Risks arose that could have led to tragic consequences, but became less unpleasant and certainly not catastrophic.

    “Until 2022, about 600 software products were used in 49 areas of the domestic construction industry, after the well-known events, almost half left the Russian market. But our activities have not undergone significant transformation. Since the beginning of this year, NOPRIZ has launched a program to stimulate software developers, to increase their own product, including with the help of government measures, because this task is not easy due to the financial situation of the developers themselves. If large companies are able to provide for themselves, then it is more difficult for small ones – they cannot organize the development of the new product they need.

    In addition, I consider the assistance in training personnel within the framework of the TIM championships of SPbGASU to be significant. They also include costing, which is very useful for participants, since at the very beginning of their professional activity it gives them skills in working in the automated calculation system.

    The digital modeling method is very important in science. It allows achieving greater efficiency and solving problems in an unconventional way. The introduction of calculation programs and price instability create serious difficulties for the industry, but you can’t choose your time. Therefore, it is necessary to continue to engage in qualified cost estimates,” says Alexander Grimitlin.

    In the process of implementation

    Deputy Chairman of the Committee for Construction of St. Petersburg Evgeny Uskov noted that his department began analyzing the necessary data and issuing the relevant documentation practically from the moment the decree on the transition to RIM was signed.

    “In 2024, 118 social facilities were built, 37 of which were financed from the city budget and 81 from investors. We managed to obtain permission using the new calculation method for two facilities. For 2025-2027, design survey work is planned for 124 facilities, of which two projects using RIM are undergoing examination and technical specifications have been developed for 19. In 2025, it is planned to commission 112 social facilities, 42 of which are financed from the city budget. A large amount of funding is planned for the development of design documentation. Since December 1, 2024, documentation has been submitted electronically in the information system of the Ministry of Construction of Russia. Digital technologies allow for more efficient and effective management of construction processes. RIM is considered a tool with a number of advantages, including increasing the accuracy and reliability of cost determination. The transition to it is gradual, but accompanied by difficulties,” recalled Evgeny Uskov.

    Among the difficulties, he named the low filling of the Federal State Information System of Pricing in Construction (FSISPC), the decrease in the final cost of construction projects, the lack of standard pilot projects in RIM and the experience of specialists. Many questions also arise regarding the procedure for developing estimates, in particular, the procedure for drawing up estimate documentation and the procedure for determining the cost of resources, the increase in the volume of the estimate itself, the form of which is cumbersome and inconvenient for analyzing interim results. A market analysis of transportation prices and the calculation of the time and cost of delivery is necessary.

    Strategy of the Leningrad Region

    First Deputy Chairman of the Leningrad Region Construction Committee Evgeny Enokaev recalled that, in accordance with the strategy for the development of the regional construction industry, the task of improving the pricing system has been implemented since 2016.

    “The Leningrad Region switched to RIM a little earlier than St. Petersburg – in 2023, due to which we have more facilities built and under construction using the new calculation method. In 2024, 125 positive conclusions were issued using RIM. One facility – the Prosthetics Center in Vsevolozhsk – has already been built, another one – a clinic in Kirovsk – is at the implementation stage.

    We expected an increase in the reliability of cost estimates. Were they more reliable? It is difficult to say yet. But, in any case, the introduction of such innovations is associated with the need to improve them at the implementation stages, so RIM continues to develop: the Ministry of Construction of Russia is working to improve regulatory documents, involving the regions. Issues on improving software are being discussed.

    Our committee interacts with construction organizations and understands the problems of the industry well. For example, there is a discrepancy in the cost of resources in remote areas of the region. We cannot make decisions at the local level based on situations that are contrary to the regulatory documents of the federal government, but we actively participate in the discussion of the pricing system. Thus, in early February, a round table was held in the Federal Assembly with the participation of the Ministry of Construction and representatives of the regions. We made proposals that were included in the recommendations for development and implementation for the relevant ministries,” said Evgeny Enokaev.

    He noted that one of the key elements influencing the formation of a single price and index database in the FGISTSS is the monitoring center, a subordinate body of the executive power of the subjects. In the Leningrad Region, the tasks of monitoring the filling of the FGISTSS, quarterly monitoring of resource prices, and annual calculation of the wages of a first-category worker are assigned to the pricing department in construction. According to him, over the past five years, the growth of industry wages has amounted to about 100 percent. However, today the standard wage is significantly underestimated relative to the actual one. It is expected that this year it will amount to 63,500 rubles and will exceed the figures for the previous year by 38 percent. The next area is providing data for calculating indices based on the current cost of resources in accordance with the nomenclature. Over the past five years, the volume of the nomenclature has increased by 85 percent, and indices are already being issued based on the results of this data.

    “The FGISTS database remains low in volume; it has not been possible to increase its volume to 50 percent in five years. In the first quarter of this year, only 34 percent of 800 legal entities engaged in construction activities in the Leningrad Region submitted data. In our opinion, business entities do not have a strong motivation to provide prices for their products. We also made a proposal to strengthen this motivation in the Federation Council. The Ministry of Construction is considering various proposals to increase the database, including a possible expansion of the list of legal entities in the construction community that provide information for the formation of estimated prices. Self-regulatory organizations may be involved in this. The creation of an aggregated resource based on the Unified Information System for collecting prices in automatic mode is also being considered, on the basis of which data on price offers formed based on the results of procurement procedures, that is, from electronic trading platforms, will be collected,” said Evgeny Enokaev.

    In his opinion, in the conditions of price volatility, the discussed tasks for improving the pricing system may go beyond the RIM. For example, the introduction of a correct calculation of average industry salaries in the construction sector. In early February, the state announced that the methodology for calculating them would be revised, which is now quite strictly regulated so that the region cannot increase salaries, even if it considers it necessary. In addition, the development of a comprehensive forecast index-deflator by types of objects is being discussed, since the current procedure for determining the initial maximum contract price is based on the conditions of a fixed contract price taking into account the forecast inflation of the Ministry of Economic Development of Russia, and there is no mechanism for recalculating prices in the conditions of outstripping inflation. It turns out that the current procedure for determining prices in the terms of the contract does not allow contractors to compensate for the resulting difference. The development of a mechanism for automatic indexation of contract prices is also being discussed, that is, the introduction of a mechanism that provides for the possibility of adjusting the contract price in the event of a deviation of actual inflation from the forecast. Optimization of the processes of compensation of expenses not taken into account in the consolidated estimate calculation, which reasonably arose during the implementation of the contract, is also being discussed. For specific decisions, a long way needs to be made, summarized Evgeny Enokaev.

    Using RIM is cheaper and more reliable

    Pavel Goryachkin

    It is too early to draw conclusions, but there are some observations, and the main one shows that most government procurement projects using RIM are cheaper, and the calculations are more reliable, emphasized Pavel Goryachkin, President of the International Public Organization “Union of Estimating Engineers”, Director of the Department of Pricing and Expert-Analytical Work of the Association of Builders of Russia. He emphasized that it is most correct to tie salary calculation not to the first category, but to the actual statistics of accrual of the minimum wage in the region and industry, taking into account the indexation coefficient. For example, in the Leningrad Region, the average minimum accrued salary for October 2024 was 93 thousand rubles, in St. Petersburg – 90 thousand rubles.

    “The filling of the FGISTSS is not the main task. Over the year, the live price indicator in it for the Leningrad Region and St. Petersburg has doubled. A year ago, at this conference, we talked about about 647 resources with live prices, today there are 1,200–1,300 of them. The situation is the same in other regions. Considering that there are 64–67 thousand resources in the industry, we will be doubling their number with live prices for more than a decade. Therefore, when drawing up estimates in the absence of a live price, we take the 2022 price and multiply it by the index. But an estimate that is too voluminous and requires a lot of analytical work is a problem,” says Pavel Goryachkin.

    He also spoke in detail about the problems of settlements for work performed under the RIM estimate and the changes introduced this year.

    With the right approach, the job will become easier

    Maxim Shibnev, Director of Development at Inter Group of Companies, expressed confidence that with a skillful approach and the ability to use digital tools, it is possible to significantly facilitate the work of estimators, including estimators.

    “There is no shortage of software developers now, but there is a crisis in understanding the subject area, that is, in what a specific specialist who will use the software really needs. For example, it is needed by a designer who must correctly allocate resources. Correctly allocated resources are the basis for correctly allocated production, construction management, material quality assessment, and logistics. During construction, there is a lot of different documentation, and the information system operates with this metadata. Currently, titanic efforts are being made at the state level to collect a large amount of metadata. They are accumulating, but it is not yet clear how they will be used. If automation tools are installed on the basis of this metadata, including estimated cost, then it is possible to significantly facilitate work with routine tasks, while leaving creative expert work to specialists,” said Maxim Shibnev.

    He recalled that currently departments of one enterprise cannot exchange information in the information system due to the lack of uniform requirements and classification, a uniform approach. If the same object in the system is called differently, then nothing can be done automatically, especially if you work separately from designers and testing laboratories. Estimators are now starting to enter the digital circuit, but there are still subcontractors without the appropriate competencies.

    “As long as there are gaps in the overall information system, bureaucracy, expenses, and dissatisfaction with technology will multiply. Now, together with the Digitalization and Robotization of the Construction Industry consortium, we are developing an approach for a single bus of interaction between participants in the construction process, which will be based on the regulatory requirements of SMART standards, developed by the Codex consortium. In addition, colleagues from JSC IndigoSoft CT have their own developments in the Project Technical Committee (PTC) 711 “Smart (SMART) Standards”, which can become a link in this interaction bus. It is necessary to ensure universal circulation, exchange and processing of data, manage knowledge, simplify and reduce the cost of access to automation systems. Without comprehensive solutions, it is difficult for individual companies to solve this problem,” said Maxim Shibnev.

    Successful automation requires quality data

    Vitaly Shchukin, General Director for Development of JSC IndigoSoft CT, believes that RIM is a great idea, it combines the need for material and supplier prices. If this is combined, automation will occur.

    “Our company has invested a lot of resources to automate various processes, including interaction with suppliers. But this does not work, because high-quality data is needed. How can a neural network help an estimator? To quickly select a product with an up-to-date price. Correctly built automation is the basis for training a neural network. The task of automation is to organize data. But there is no single standardization methodology yet, and this is a problem that companies are trying to cope with as best they can: they create working catalogs, describing materials at their own discretion. In this regard, they cannot interact with the market, where these products are described differently,” explained Vitaly Shchukin.

    Problems in product descriptions include incomplete names, missing characteristics, spelling and punctuation errors, noted Vitaly Teplov, product manager at IndigoSoft CT.

    “We offer a standard – a unique record according to a template with a set of pricing characteristics. This allows you to get a specific product at current prices in automatic mode by pressing one button, save time on checks and form a high-quality library of materials. It turns out to be an ideal life cycle: the designer adds this standard at the beginning of the design, the estimator selects what is needed, and the buyer knows exactly what he needs to purchase. The catalog is constantly updated,” Vitaly Teplov said.

    Nikolay Samopal, Deputy General Director for Development at ZAO WizardSOFT, used specific examples to talk about options for automating the receipt of a statement and an estimate based on it, and passing a state examination.

    SPbGASU is ready to provide the necessary personnel

    Victoria Vinogradova

    Vice-Rector of SPbGASU for Continuing Education Victoria Vinogradova noted that the mass transition to RIM is complicated by changes in the regulatory framework, the need to use information modeling and obtain additional professional competencies.

    “Our university trains personnel capable of solving issues related to pricing in the construction industry. The university development program for 2023-2032 meets the specified vectors. It includes, among other things, an ecosystem approach to the implementation of educational activities, digital transformation of curricula, the formation of digital and professional competencies of graduates, an individual educational trajectory, and a flexible learning system. 108 basic educational programs are being implemented in 14 large groups of specialties and areas of training. They have state accreditation, most of them also have professional and public accreditation. Most curricula include the discipline “Estimating in Construction,” the vice-rector said.

    According to Victoria Vinogradova, more than 70 percent of graduates find employment in the industry, and the university aims to eliminate the gap between the requirements of educational programs and the needs of the labor market. The expert council at the educational and methodological council of SPbGASU, which includes both graduates and representatives of the real sector of the economy, helps with this. The vice-rector named the practice of targeted training, project-based training, and the implementation of corporate and network programs, within the framework of which the educational organization combines its resources with the employer, as a good way to interact with employers.

    “We work within the framework of the concept of continuous education, where the industrial partner is considered as the customer, and the educational organization is considered as the performer. Moreover, this is possible already at the initial stages – in career guidance work in schools and colleges. As part of continuous education and taking into account the digital transformation, we are implementing a number of projects related to information modeling technologies. In 13 schools in St. Petersburg and one school in Yekaterinburg, we are implementing TIM classes, holding a TIM elective for colleges. We attract industrial partners to work with students as part of the TIM championship.

    A unique story – complex TIM diploma projects. Students of different specialties, including estimators, jointly complete a diploma project. In addition, the university is conducting scientific research on the formation of a methodology for determining the estimated cost, taking into account the use of digital information models.

    Today, any specialist understands that in the course of their professional activity they need to acquire additional competencies. Therefore, we implement additional education. In the field of economics and management, we currently have six additional retraining programs and several advanced training programs. Among the latter is a program that examines RIM issues.

    I would like to thank all the conference participants. I am sure that our discussion will significantly help in resolving issues related to the transition to this method,” concluded Victoria Vinogradova.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI Russia: Support teams from the State University of Management at the KVN League Festival “Youth of Moscow”

    Translartion. Region: Russians Fedetion –

    Source: State University of Management – Official website of the State –

    On February 27-28, as well as March 3, 4 and 5, more than 250 teams will take to the stage of the International Youth Center “Planet KVN” to demonstrate their performances and compete for entry into the official Moscow and Moscow Region KVN leagues. Among them will be six teams from the State University of Management.

    This is one of the most important events in the life of every KVN player, so be sure to come support the teams from our university!

    February 28 at 15:00 “Syrbor”

    February 28 at 19:00 “Office” “What you need”

    March 3 at 15:00 “I don’t remember”

    March 4 at 19:00 “Minimum”

    March 5 at 19:00 “Fildy” (“Fildepersovye”)

    You can get free tickets here.

    The guys are really counting on your support!

    Subscribe to the tg channel “Our State University” Announcement date: 02/28/2025

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI Russia: With the support of Rosneft, a professional skills championship was held in Bashkiria

    Translartion. Region: Russians Fedetion –

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    With the support of ANK Bashneft (part of Rosneft), the regional stage of the All-Russian Championship in Professional Skills “Professionals – 2025” was held in Bashkortostan. The competition was held at more than 40 sites of regional colleges, with over 1,500 students taking part.

    The intensive program of the championship, which lasted for 3 weeks, included more than 200 competencies, including: oil and gas production, laboratory chemical analysis, oil and gas processing, electrical installation, chemical technology operator and others. 24 winners in the oil and gas field were awarded certificates and memorable gifts from Bashneft.

    As part of the championship’s business program, Bashneft specialists took part in a plenary session and organized a meeting with students from specialized colleges, where they discussed career prospects in the Company and the possibility of continuing their education at a partner university.

    Rosneft aims to ensure a constant flow of professionally trained young specialists from among the best graduates. The company supports schools, colleges, technical schools and universities in the regions of production activity and cooperates with 203 educational partner organizations in training qualified specialists in the oil industry and forming an external personnel reserve.

    In 2024, almost 2,000 university and college students completed internships at Bashneft, of which more than 1,000 received employment and payment for the internship period. About 170 final-year students combine their studies with permanent employment at Bashneft enterprises thanks to their transfer to individual training plans.

    Reference:

    The All-Russian championship movement “Professionals” is aimed at increasing the prestige of blue-collar jobs, attracting young people to the production sectors of the economy and improving qualification standards for blue-collar jobs and specialties.

    ANK Bashneft is one of the oldest enterprises in the country’s oil and gas industry, operating in the extraction and processing of oil and gas. The company’s key assets are located in the Republic of Bashkortostan. Oil and gas exploration and production are also carried out in the Khanty-Mansiysk Autonomous Okrug – Yugra, Nenets Autonomous Okrug, Orenburg Region, Perm Krai and the Republic of Tatarstan.

    Department of Information and Advertising of PJSC NK Rosneft February 28, 2025

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

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  • MIL-OSI Russia: The Laser and Additive Technologies laboratory is mastering domestic software

    Translartion. Region: Russians Fedetion –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    The world does not stand still. It is important to keep up with trends and be “on the crest of a wave”. In order to expand the range of tasks to be solved, specialists from the Research Laboratory “Laser and Additive Technologies” of the Institute of Mechanical Engineering, Materials and Transport of SPbPU have completed online training on working with the domestic CAM system SprutCAM.

    “The main goal of the training was to master the capabilities of domestic software for creating control programs for robotic laser complexes,” said Maxim Larin, an engineer at the LiAT Research Laboratory. “We focused on using the program in modern laser technologies: laser welding, hybrid laser-arc welding, laser cladding, and direct laser deposition.”

    The training included both theoretical and practical parts. Particular attention was paid to the creation of tool movement trajectories and the adjustment of process parameters. In the practical block, the students developed a program for direct laser growth of separation module elements.

    SprutCAM demonstrates high potential for solving our production tasks. Training in this system is an excellent opportunity to improve the qualifications of laboratory staff. The introduction of domestic software is an important step in the development of technological independence and increasing the efficiency of production processes, – believes the head of the Scientific Research Laboratory “LiAT” of the Institute of Metallurgy and Metallurgy of St. Petersburg Polytechnic University Mikhail Kuznetsov.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News