Category: Russia

  • MIL-OSI Russia: Polytechnic University held radiation protection exercises

    MILES AXLE Translation. Region: Russian Federation –

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

    The Polytechnic University held a staff training exercise entitled “Conducting civil defense on the territory of the Russian Federation in conditions of a radiation situation.”

    The exercises were attended by the Vice-Rector for Security of SPbPU – Chairman of the Evacuation Commission Alexey Sokolov, employees of the Civil Security Department, heads of non-staff formations to ensure the implementation of civil defense measures and other responsible employees.

    The event was opened by Vladimir Glukhov, Chairman of the Commission for the Prevention and Elimination of Emergencies and Fire Safety of SPbPU. He noted that the exercises are being held in accordance with the letter of the Ministry of Science and Higher Education of the Russian Federation “On conducting a staff training exercise on civil defense.” Vladimir Viktorovich named the objectives of the exercise: to ensure decision-making on the protection of workers, their family members, material and cultural values, archival documents in the conditions of a radiation situation; to check the readiness of civil defense forces and means; to clarify civil defense plans in the conditions of a radiation situation.

    In conclusion of his speech, Vladimir Glukhov congratulated the meeting participants on Russian Civil Defense Day, which is celebrated on October 4.

    The head of the SPbPU civil defense department, Aleksandr Palagin, explained that the training includes practicing the implementation of the university civil defense plan approved by the Ministry of Education and Science and the head of the SPbPU civil defense department, Andrey Rudskoy, as well as implementing measures to protect the population, material and cultural values, and archival documents in a radiation environment. The training is being held with the participation of the deputy head of the Kalininsky District Department of the Main Directorate of the Ministry of Emergency Situations of Russia for the city of St. Petersburg, Colonel of the Internal Service Konstantin Groshev and the head of the department of supervision and preventive work of the Kalininsky District Department of the Main Directorate of the Ministry of Emergency Situations of Russia for the city of St. Petersburg, Major of the Internal Service Anastasia Oblizina.

    Leading engineer of the civil protection department of SPbPU Nikolay Peganov said that the causes of the radiation situation could be a nuclear strike or an accident at the Leningrad Nuclear Power Plant, which would lead to possible irradiation of people and contamination of the area with radioactive substances. In the event of an accident at the Leningrad Nuclear Power Plant, the zone of possible radioactive contamination would be 100 km, and the whole of St. Petersburg would be included in it. During the first 24 hours, unprotected people could receive a dose higher than the permissible norm. The work of organizations does not stop during this time, but measures are taken to protect the population.

    The main danger is internal radiation from radioactive iodine, which can enter the body simply by inhaling air. You can protect yourself by taking cover in the nearest shelter, fallout shelter, or in the subway. If there are none, then in the room where the person is, you need to seal all the windows and doors, if possible, turn on all sources of information and monitor the development of the situation. It is also necessary to carry out iodine prophylaxis. Currently, the university has purchased 1,300 individual anti-radiation civil protection systems for this purpose. There are also 3,000 respirators and 1,000 gas masks.

    Alexander Palagin provided information about the types of civil defense protective structures (ZSGO) and how they differ. There are three types: a simple shelter, an anti-radiation shelter, and a shelter that protects against nuclear, chemical, and biological weapons. There are 12 shelters at the Polytechnic University: eight in the Kalininsky District (one in the GZ, four in the second professorial building, three in the 9th), and four in the Vyborgsky District (in the Lesnaya Student City). In order to maintain their working condition, four ZSGO maintenance units have been formed.

    Basements can also be used to accommodate staff and students.

    Leading engineer of the civil defense department Andrey Kruglov spoke about what the heads of non-staff civil defense formations should do in the conditions of a radiation situation.

    Vice-Rector for Security Alexey Sokolov summed up the results of the staff training and gave orders to prepare a report for the Ministry of Education and Science.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.spbstu.ru/media/nevs/student_life/trainings on-protection-from-radiation were held at the Polytechnic University/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: We invite you to the advanced track of the Acceleration program “Healthy Life Technologies 2.0”

    MILES AXLE Translation. Region: Russian Federation –

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

    The State University of Management and LAB Business Studio LLC are opening enrollment for the advanced track of the Healthy Life Technologies 2.0 Acceleration Program.

    Both students and graduates of Russian universities who completed their bachelor’s, specialist’s, master’s or postgraduate studies no earlier than 2022 are invited to participate.

    The advanced track program will have 3 key areas:

    Business model, competencies and pitch Market, data and analytics Thinking and readiness for responsibility

    Over the course of 6 weeks, participants will be able to check the completeness of the team and distribute areas of responsibility, focus the product on market needs, confirm the presence of a large market for the product, choose a suitable investment strategy, prepare a professional pitch deck and data room.

    Participation in the program is free. The number of places is limited.

    The accelerator will be held online, the in-person final will take place at the Boiling Point of the State University of Management on December 7, 2014.

    Applications are accepted until October 9 via the link. The decision on the team composition will be made on October 14, and the accelerator is scheduled to start on October 21, 2024.

    Additional information can be found on the official website of the project.

    The acceleration program is being implemented with the financial support of the ANO “National Technology Initiative Platform”.

    Subscribe to the TG channel “Our GUU” Date of publication: 10/4/2024

    Технологии здоровой жизни 2.0»….” data-yashareImage=”https://guu.ru/wp-content/uploads/yaSE_A58TI.jpg” data-yashareLink=”https://guu.ru/%d0%bf%d1%80%d0%b8%d0%b3%d0%bb%d0%b0%d1%88%d0%b0%d0%b5%d0%bc-%d0%bd%d0%b0-%d0%bf%d1%80%d0%be%d0%b4%d0%b2%d0%b8%d0%bd%d1%83%d1%82%d1%8b%d0%b9-%d1%82%d1%80%d0%b5%d0%ba-%d0%b0%d0%ba%d1%81%d0%b5%d0%bb/”>

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    We invite you to the advanced track of the Acceleration program “Healthy Life Technologies 2.0”

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: HSE to Expand Cooperation with Agency for Strategic Initiatives to Develop Advanced Solutions

    MILES AXLE Translation. Region: Russian Federation –

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

    The Higher School of Economics hosted the Day of Acquaintance between the University and the Agency for Strategic Initiatives (ASI). The parties presented their research and analytical projects and outlined areas for joint work. The task of scientists and experts is to increase efficiency and accelerate the implementation of breakthrough scientific developments in a wide range of areas – from economic forecasts to neuroprosthetics.

    First Vice-Rector, Director Institute for Statistical Studies and Economics of Knowledge (ISSEK) of the National Research University Higher School of Economics Leonid Gokhberg, opening the meeting, noted that the focus of the cooperation between the university and ASI is neurotechnology, development of regions and cities, artificial intelligence, digital transformation, etc. The university has strong teams of scientists in many disciplines, modern databases on various aspects of the country’s socio-economic development have been formed, Leonid Gokhberg emphasized. HSE teachers and research staff annually publish more than 3 thousand articles in leading world journals, including 40% of all Russian reports on artificial intelligence at international A* conferences, and also carry out more than 600 research projects.

    HSE is one of the most important partner universities for the Agency for Strategic Initiatives, which has the potential to develop breakthrough solutions, which is extremely important for ASI, said Georgy Belozerov, Deputy Director General of ASI. “We are not a financial institution, we do not allocate money, but we help overcome administrative barriers that can hinder the emergence and implementation of new initiatives,” he said. Georgy Belozerov believes that an important task of ASI is to identify and scale up successful regional practices and transfer advanced experience to other territories.

    During the meeting, representatives of ASI and HSE presented promising projects. Thus, Director of the Center for Creative Economy Development of the Agency for Strategic Initiatives Ekaterina Cherkes-zade believes that the creative economy can become one of the key drivers of the country’s development. “We are striving to build a new block of the economy so that artists in Russia are not hungry, so that creative industries influence the social sphere and related industries,” she said. Among the possible joint areas of work, Ekaterina Cherkes-zade highlighted strategies and forecasts for the development of creative industries until 2030 and 2036 and the creation of regulations aimed at stimulating the creative economy.

    Director of the ASI National Ratings Center Mikhail Utkin noted: “The main objective of our ratings is not to rank, but to offer the best solutions.” Currently, the center, in cooperation with the HSE, is improving methods in accordance with new challenges, including refining indicators and algorithms for their calculation. A promising task for joint efforts is the creation of an evidence-based information base.

    HSE representatives spoke about fundamental and applied projects. Director of the HSE ISSEK Center for Strategic Forecasting Mikhail Goland reported on the preparation of the report “Scenarios for the Development of the Russian Economy in the Context of Geopolitical Turbulence” dedicated to the analysis of possible scenarios for the development of key areas of the economy and social sphere for the period up to 2030-2036. The report is updated annually, it is registered as know-how, and access to it is provided under a license. A number of large state and private companies have already acquired the corresponding licenses. Along with the report, HSE specialists regularly prepare accompanying materials, including reviews of Russian and foreign forecasts, unique databases, specialized consensus forecasts based on a survey of more than 500 leading Russian experts, and quarterly reviews of the Russian economy and social sphere in 14 key areas. Access to all of this analytics is provided to businesses on a commercial basis.

    HSE Director for Regional Cooperation Natalia Ryazantseva recalled that HSE projects are being implemented in 62 regions of Russia. The university has implemented 250 urban and regional development projects, created integrated systems for monitoring and forecasting key indicators of the socio-economic development of regions and cities. They objectively reflect the development of entrepreneurship and human potential, demographic processes and the situation on the labor market. Particular attention was paid to projects for the integrated development of territories. Striking examples of the university’s developments were the renovation projects of Norilsk and the expansion of its green and park areas, as well as the creation of a health quarter on the basis of the National Center of Medicine in Yakutsk.

    Deputy Director of the HSE ISSEK Pavel Rudnik added: “Machine learning and big data analysis methods play an increasing role in our research on regional development. Thus, to assess a wide range of socio-economic development indicators in an automated mode, we actively use the ISSEK system for intelligent analysis of large volumes of dataiFORA“.

    Director Center “Russian Cluster Observatory” ISSEK HSE Evgeny Kutsenko reported that his team has been systematically studying innovations in regions and cities since 2012. Thus, in September of this year, the third issue was presented at the forum “Cloud Cities. Forum on the Future of BRICS Cities”Innovative attractiveness ranking of world cities — HSE Global Cities Innovation Index 2024, covering more than 1,000 agglomerations in 144 countries. By collecting data on 90 different indicators, it was possible to fully cover three areas: technological development, creative industries and the quality of the urban environment. Among the longest-running studies of the center, he also named the Rating of Innovative Development of Subjects of the Russian Federation, the 9th issue of which was published in August of this year. Among the landmark works, the Atlas of Economic Specialization of Russian Regions, the Rating of Creative Regions of Russia, reports on creative specializations of Russian cities, import dependence of Russian subjects and the potential for their cooperation with the EAEU countries in the industrial sphere, as well as monitoring of entrepreneurial activity were noted.

    Deputy Director Institute “Development Center” HSE University Sergey Smirnov reported that the institute is completing the development of a database of regional forecast indicators up to 2030, comparable with the overall forecast for Russia. The nowcasting method is used for current forecasts, and longer-term forecasts are developed based on the production function.

    Director Geodata Center Faculty of Geography and Geoinformation Technologies, National Research University Higher School of Economics Tatyana Aniskina spoke about the rating of regions by the level of climate risks, which assesses the risks and probability of natural disasters. Another major area was the assessment and support of climate projects aimed at increasing carbon absorption through afforestation.

    Director of the National Research University Higher School of Economics scientific research and development Igor Sokolov spoke about neurocognitive research, including the development of clinical neurotechnologies for preserving cognitive functions. Currently, the HSE neurocluster has an international team of researchers and unique scientific equipment, including an automated system of non-invasive brain stimulation with the ability to synchronously record brain biocurrents and eye movement. A system of evidence of the influence of the urban environment on the physical and mental health of residents is being developed, which will make it possible to develop indices of the psychological well-being of the city. HSE scientists have created a neuroorthosis based on the principles of neurofeedback to restore motor functions of the upper limb in children with congenital or traumatic motor disorders, allowing for faster return of arm and hand functions. These developments can be extended to adults. According to Igor Sokolov, it is necessary to develop proposals in cooperation with the ASI to change the legal regulation of experimental medicine, which, on the one hand, will make it possible to expand the clinical base for the development of technologies, and on the other, will allow people in need of the latest treatment methods to receive modern medical care. “Everything is done in accordance with the HSE motto ‘Not for school, but for life’,” he is confident.

    At the end of the meeting, Georgy Belozerov emphasized that many of HSE’s developments could become the basis for creating specific solutions, and proposed supplementing the cooperation plans and intensifying coordination in areas where HSE and ASI are conducting projects on similar topics. “The list of areas of our activity is not limited to the topics discussed today; during the discussion, I sketched out several dozen ideas. We have great potential for cooperation, and together with the agency team, we will continue to develop initiatives in the format of bilateral cooperation,” Leonid Gokhberg concluded.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.hse.ru/nevs/expertise/969586992.html

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: Slavic Horizon: Polytechnic and KRSU Joined Forces

    MILES AXLE Translation. Region: Russian Federation –

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

    On September 26, the Polytechnic University hosted the second summit of Slavic universities “Slavic Horizon – 2024”, where SPbPU and KRSU signed agreements on nine network educational programs in the following areas: infocommunication technologies and communication systems, electronics and nanoelectronics, instrumentation, electric power engineering, mechanics, architectural environment design, software engineering, construction, technosphere safety.

    This year, 30 KRSU students have already started a long-term internship under this agreement. The guys shared their impressions of studying at the Polytechnic.

    Daniel Kutmanov, a student at the Institute of Computer Science and Cybersecurity majoring in software engineering, is a volunteer and organizer of a youth initiative dedicated to helping children with disabilities.

    We had events where children played basketball and volleyball, which helped them escape from everyday life through sports. When selecting students for the Polytechnic, the average score and social achievements were taken into account. When I arrived in St. Petersburg, I was pleasantly surprised. It is a very beautiful city, I like it here. I was also impressed by the reputation of the Polytechnic, I am glad to be in one of the best international universities in Russia, – said Daniel Kutmanov.

    Daniel’s classmate Anatoly Toropov has visited St. Petersburg several times as a tourist, and is now doing an internship at a leading engineering university in Russia.

    All teachers have a unique style. Some use interactive methods, involving students in discussions and group projects, which helps to deepen the understanding of the topic. Others prefer a traditional approach, focusing on lectures and theoretical aspects. Their passion for the subject and desire to inspire students create an atmosphere of trust and openness, where we can freely share our thoughts and ask questions, – Anatoly noted.

    Baigeldi Musaev studies at the Institute of Civil Engineering of St. Petersburg Polytechnic University.

    At first, studying was intense because our knowledge differs from the level of training of polytechnics. The study programs in St. Petersburg begin with what we study only by the end of the second year. But over time, we began to adapt and build a schedule so as to catch up with our classmates. St. Petersburg is an amazing city, and our new friends give us excursions. Now I feel part of this community and am glad to have the opportunity to study here, – shared Baigeldi.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://www.spbstu.ru/media/nevs/international_activize/Slavic-horizon-polytech-and-krsu-joined-efforts/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: Students of the State University of Management were told about the nuances of implementing state and municipal programs

    MILES AXLE Translation. Region: Russian Federation –

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

    On October 1, 2024, a master class was held at the State University of Management with Professor, Deputy Governor of the Oryol Region, Head of the Representative Office of the Oryol Region to the Government of the Russian Federation Alexander Biryukov on the topic “State and Municipal Projects and Programs”.

    The event was held as part of a series of open lectures with invited speakers, organized by the Department of Project Management. The participants of the meeting were 2nd-year students of the Master’s program “Project and Program Management”.

    During the master class, Alexander Biryukov spoke about the experience of using various methods of project and program management in the development of the Oryol region, about the specifics of planning and change management in the implementation of state and municipal programs.

    The speaker provided a comparative analysis of the approach to implementing projects in the Belgorod, Kaluga and Oryol regions, and examined examples of implementing a portfolio of PPP projects in the field of agriculture.

    At the end of the event, a discussion with the students took place, during which Alexander Petrovich spoke about the specifics of interaction with various stakeholder groups, with state and federal authorities, and also answered questions about the implementation and planning of projects in an unstable environment using the example of the Belgorod Region.

    Subscribe to the TG channel “Our GUU” Date of publication: 10/4/2024

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    Students of the State University of Management were told about the nuances of implementing state and municipal programs

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: Rosneft presented innovative digital developments in the oil and gas industry

    MILES AXLE Translation. Region: Russian Federation –

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

    From October 1 to 4, the Rosneft Research Institute in Ufa held a unique oil and gas conference, “Digital Technologies in Hydrocarbon Production: Modern Challenges.” This year, more than 700 participants from 54 Russian cities registered for the large-scale event.

    On the first day, the conference venue featured an alley of Rosneft’s science-intensive software. Participants were given a unique opportunity to get acquainted with the functionality of 17 software packages designed to support exploration, design, and development of oil and gas fields.

    12 conference sections were devoted to current issues of geological exploration and oil production using digital products. Industry experts discussed modern technologies of artificial intelligence, extraction of reserves in complex geological conditions, as well as trends in professional training of personnel. Participants demonstrated the latest achievements in seismic exploration, robotics, 3D printing.

    The conference announced the release of new software “RN-Alpha” for joint modeling of field development, underground and surface infrastructure. With the help of this software, it will be possible to implement a seamless format for data transfer from field developers to designers. To date, 24 software modules and 9 calculation services have been created and tested. More than 200 conceptual design projects have been digitized and loaded into the software database. A distinctive feature of “RN-Alpha” is the prompt calculation of hundreds of options. This helps to make engineering and management decisions quickly and efficiently.

    The conference also included a series of tournaments using digital simulators created by specialists from a scientific institute in Ufa. Participants solved tasks related to the work of a chief geologist at an oil-producing enterprise and a geonavigator.

    Department of Information and Advertising of PJSC NK Rosneft October 4, 2024

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.rosneft.ru/press/nevs/item/220881/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: Dmitry Patrushev: More than 2 billion rubles have been allocated for the development of the agro-industrial complex of the Novosibirsk region

    MILES AXLE Translation. Region: Russian Federation –

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

    Dmitry Patrushev met with the Governor of Novosibirsk Region Andrey Travnikov

    Deputy Prime Minister Dmitry Patrushev visited Novosibirsk Oblast as part of a working trip to the regions of the Siberian Federal District, where he discussed issues of the region’s socio-economic development with Governor Andrei Travnikov.

    According to Dmitry Patrushev, Novosibirsk Region is traditionally one of the centers of attraction for competent personnel, scientific community and business. This year, active growth of investments is noted. The manufacturing sector is developing, in particular, technological and knowledge-intensive production.

    Speaking about agriculture, the Deputy Prime Minister separately noted the positive dynamics in livestock farming. Novosibirsk Oblast is the first region in Siberia in terms of livestock and poultry production, and is among the top three in terms of milk production. The new harvest is currently being harvested here in full swing. Despite the difficult weather conditions, more than 2 million tons of grain have already been harvested, the Deputy Prime Minister noted, and wished farmers worthy results.

    “The government, for its part, supports the development of the region’s agro-industrial complex. In 2024, more than 2 billion rubles have been allocated for these purposes. But the pace of delivery needs to be increased. It is also necessary to analyze the work within the framework of the state programs “Land” and “Comprehensive Development of Rural Territories,” Dmitry Patrushev emphasized.

    He also noted the work of the Novosibirsk Region in the field of nature management and environmental protection. The region participates in the activities of the national project “Ecology” to eliminate illegal dumps and preserve forests. This year, the Government allocated 281 million rubles for them. In the national project “Ecological Well-being”, the list of areas will be expanded. In particular, the region will continue to work on creating a waste management system within the framework of the new federal project “Closed Cycle Economy”.

    The Deputy Prime Minister expressed confidence that all this will improve the level of comfort and quality of life of the population of the Novosibirsk Region.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://government.ru/nevs/52893/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: Rosneft specialists are winners of the International Engineering Championship

    MILES AXLE Translation. Region: Russian Federation –

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

    The team of the company “Slavneft-Krasnoyarskneftegaz” took 1st place in the International Engineering Championship “CASE-IN” within the framework of “Russian Energy Week”. Young specialists of the enterprise created a software algorithm based on a neural network, allowing to predict failures in the operation of production equipment and take timely measures to prevent them. The award for the developed project was personally presented to the oil workers by Deputy Chairman of the Government of the Russian Federation Alexander Novak.

    The algorithm, built on the basis of a neural network, regulates the content of chloride salts in oil and warns of possible failures of pump units and jumps in liquid levels in devices. The flexibility of the algorithm allows it to be used in any area, which can significantly increase production efficiency.

    The neural network module has been successfully tested on real data obtained at the Kuyumbinskoye field in Eastern Siberia. The studies have shown that the developed software improves the accuracy of forecasts by 80-90% compared to traditional methods. The new technology makes the process of oil preparation and equipment management as predictable as possible, thereby ensuring stability and continuity of production.

    Rosneft is a leader in IT developments and innovative changes in the Russian oil and gas industry. The company is betting on digitalization in all areas of activity, which is one of the key elements of the Rosneft-2030 strategy. The emphasis on the implementation of digital technologies allows for increased transparency, controllability and speed of decision-making throughout the Company’s production chain.

    Reference:

    Slavneft-Krasnoyarskneftegaz, a joint venture between NK Rosneft (operator) and PJSC Gazprom Neft, carries out geological survey, exploration and production of hydrocarbons in five license areas with a total area of over 18 thousand km2 in the Evenki municipal district of Krasnoyarsk Krai. Thanks to the use of highly effective methods of geological exploration, drilling and well testing, Slavneft-Krasnoyarskneftegaz is one of the industry leaders in terms of growth rates of hydrocarbon reserves.

    Department of Information and Advertising of PJSC NK Rosneft October 4, 2024

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.rosneft.ru/press/nevs/item/220880/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: San Marino: Staff Concluding Statement of the 2024 Article IV Mission

    Source: IMF – News in Russian

    October 4, 2024

    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.

    Washington, DC – October 4, 2024:

    San Marino’s economy remains resilient, supported by a more diversified growth model with manufacturing and the nonfinancial service exporting sectors as key drivers. Prudent fiscal policy and access to international capital markets helped weather the pandemic and energy crises. However, additional fiscal consolidation is warranted given the still high debt level and contingent liabilities from the financial sector. Notwithstanding important progress in resolving legacy issues, further efforts are needed to improve asset quality and strengthen banks’ capitalization and profitability. With the recently negotiated European Union (EU) association agreement, San Marino has a unique opportunity to accelerate much-needed public and financial sector reforms and to further the integration with the EU’s single market to boost confidence in the economy and lift potential growth.

    San Marino’s economic growth remained positive despite adverse external shocks, including a regional slowdown and higher interest rates. After an exceptionally strong post-pandemic recovery in 2021-22, growth slowed in 2023 to 0.4 percent following a decline in external demand. Manufacturing, which has been operating at high levels, has decelerated as export orders declined, in part due to the phase-out of fiscal incentives in Italy and a related slowdown in the construction sector. The strong service sector performance, benefiting from the tourism boom and healthy domestic demand, kept employment growing at a robust pace.

    Growth is projected to edge up in 2024, strengthening further in 2025, as external demand improves. Stronger consumption on the back of rising real wages and higher investment, facilitated by easing financial conditions, will support domestic and external demand next year. However, there are risks ahead. Downside risks are related to the weakening of external demand while remaining vulnerabilities in the financial sector constitute one of the key domestic risks. The underlying strength of the manufacturing sector, the healthy private sector balance sheets, and prompt implementation of the EU association agreement constitute upside risks to the baseline.

    The fiscal position was stronger than expectedlast year but further efforts are needed to ensure sustainability.The government has saved the cyclical tax revenues, kept expenditures in check and primary balance stable in 2023. However, moderate government spending pressures arose in 2024 ―as real spending compression reached its limits and the cost of interest subsidies for the private sector expanded. The public debt-to-GDP ratio continued declining, but its level remains high.

    Additionalfiscal consolidation is needed to mitigate financing risks, build fiscal buffers, and reduce the debt-to-GDP ratio below 60 percent.San Marino is an euroized small open economy with a vulnerable financial sector and limited fiscal buffers. The government’s goal of reducing public debt below 60 percent of GDP over the medium term is an important anchor to guide fiscal policy. To achieve this target a moderate additional fiscal effort totaling 1 percent of GDP over the next three years is recommended through:

    • Designing and implementing a tax reform package introducing a value-added tax (VAT) and broadening the income tax base. With a low tax-to-GDP ratio, introducing a VAT in San Marino can simultaneously enhance fiscal revenues and tax efficiency while minimizing related distortions, increasing fairness and progressivity, and aligning indirect tax procedures with international standards, benefitting the ease of exports. Redesigning tax rebates to avoid overlaps with other exemptions—such as San Marino Card (SMaC) discounts and income tax deductions—can further rationalize the system. The authorities should leverage the technology used for the SMaC in combination with electronic invoicing to mitigate tax avoidance in the new VAT system. Equallyimportant, income tax revenues can be significantly enhanced by rationalizing income tax deductions.
    • Improving the efficiency of public spending.San Marino should shift from real expenditure compression across all spending areas to prioritizing consolidation of spending with low social return. In this context, it will be important to review transfers to the private sector―including interest subsidy programs―to ensure that transfers are more targeted. Reviewing extra-budgetary funds is also needed to rationalize spending. Large investment plans require sound prioritization based on rigorous cost-benefit analyses.
    • Keeping public wages and pensions growth in check. Moderate public wage and pension growth was key to improving the primary balance. Looking forward, given the limited fiscal space, it is critical to avoid public wage and pension growth above domestic inflation.

    Long-term demographic challenges will require additional parametric pension recalibration. The 2022 pension reform has increased contributions, delaying the depletion of the pension fund for a decade. However, ensuring the long-term sustainability of the pension system will require further parametric calibrations to address generous benefits. In addition, there is a need to continue the gradual diversification of the investments of the pension fund towards international markets to mitigate concentration of risks and increase returns.

    The debt management strategy needs strengthening to minimize refinancing risks. The recently published fiscal strategy marks an important advancement in the predictability of fiscal policy and communication with investors, but further efforts are needed to upgrade San Marino’s debt management capacity, including more autonomy to implement the financing plan approved in the budget. To smooth the debt amortization of the Eurobond in 2027, the authorities should consider liability management operations, including smaller international issuances with longer maturities.

    Banks’ liquidity and reported profits improved in 2023, but declining interest margins, high personnel costs, and remaining legacy non-performing loans (NPLs) pose risks going forward. Higher interest rates last year have improved banks’ cyclical profits without deteriorating the quality of loan portfolios, but structural profitability remains low. The safeguarding of profits to increase capital, as requested by the Central Bank, is welcome. However, with limited income-generating assets, high operating costs, and tight reported capitalization in some banks, the financial sector remains vulnerable.

    A speedy adjustment of banks’ costs is a priority to improve long-term viability and capital positions. Most banks’ profitability remains significantly lower than regional peers. The continuing reduction of income-generating assets in recent years has not been followed by a scale-down of banking sector employment. San Marino’s banking system also has the largest number of branches per capita in Europe. With the EU association agreement, the opening of the banking sector will bring new opportunities, but San Marino banks need to improve efficiency to be competitive.

    Important progress has been made in implementing the authorities’ strategy to reduce nonperforming loans (NPLs) through an Asset Management Company (AMC) and calendar provisioning. The write-off of a large NPL position and AMC securitization have reduced the NPL ratio from 53 to 21 percent. The asset recovery of the AMC has progressed better than expected, with the principal of state-guaranteed senior securities declining from 70 to 44½ million euros in the first half of 2024. Meanwhile, calendar provisioning has prompted banks to expedite the recovery and write-offs of NPLs. However, it will be important to improve dissemination of the information about the AMC asset recovery to anticipate and address any bottlenecks. The risk weights for junior securities should be increased faster to reflect the difference between the net book value and the real economic value of NPLs on banks’ balance sheets. Any undercapitalization that could arise from the securitization process and the implementation of calendar provisioning should be promptly addressed with credible capitalization plans. To strengthen CBSM supervisory powers and to help attract external capital, legal limits on banks’ shareholding structure should be lifted.

    The bank resolution framework needs to be updated to widen burden-sharing. The bank resolution law should be updated to gradually complete the alignment with EU standards. The process needs to be coordinated with addressing existing issues in the banking system.

    San Marino should continue to make progress to strengthen its AML/CFT framework. The domestic legal framework was amended in 2023 to incorporate the 5th EU AML Directive and improve technical compliance with the FATF standards. This resulted in an upgrade by MONEYVAL on technical compliance for AML/CFT sanctions regime. The National ML/TF Risk Assessment will be updated next year. San Marino should continue working to enhance the adequacy, accuracy, and up-to-dateness of its central beneficial ownership registry.

    The EU association agreement sets an ambitious financial sector reform agenda. The agreement requires the central bank of San Marino (CBSM) to complete the alignment of the regulatory framework with the EU. To that end, the CBSM will need additional staff and financial resources. The CBSM financial position should be strengthened to safeguard its independence and support financial sector stability through an effective lender of last resort capacity. To comply with EU standards, legacy issues should be addressed, including through a gradual conversion of the perpetual bond owned by the state-owned bank into liquid instruments. Overall, while the banking sector has 15 years to meet the requirements, earlier implementation, as envisaged by the authorities, will boost confidence.

    The conclusion of the EU association negotiations signals strong commitment to deeper integration with the EU and could lift potential growth by accelerating structural reforms. The successful implementation of the agreement is a priority and will support the competitiveness of the manufacturing sector and help consolidate gains in tourism. The authorities should ensure sufficient resources and staff are available to support implementation without undermining the fiscal consolidation path. In addition, further labor market flexibility is needed to improve labor reallocation, including in the banking sector. Real estate market reforms to facilitate price and market information dissemination and foreign ownership, will be key to support NPL resolution. Finaly, the authorities should foster energy safety and green transition, including by allowing households to sell back excess solar generated electricity.

    The mission would like to thank the authorities and other counterparts for their warm hospitality as well as candid and productive discussions.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Boris Balabanov

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/10/04/cs-san-marino-2024

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI Russia: Nikita Blagoy: “Exchange education is a colossal development and skills”

    MILES AXLE Translation. Region: Russian Federation –

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

    Nikita Blagoy, a postgraduate student at the Institute of Industrial Management, Economics and Trade, and an assistant at the Higher School of Engineering and Economics, received a scholarship from the President of the Russian Federation for students and postgraduates studying abroad. In early September, Nikita went to China. Before leaving, he told us about his academic path at the Polytechnic University, and how his ideas about life and science changed. And after a while, he contacted us to share his first impressions of his internship at the Dalian University of Technology.

    Interview with a graduate student Read in our traditional section “Person”.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://www.spbstu.ru/media/nevs/polytech-media/nikita-blagoy-exchange-training-is-colossal-development-and-skills/

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    MIL OSI Russia News

  • MIL-OSI Russia: 13 Polytechnicians Among the World’s Most Cited Scientists

    MILES AXLE Translation. Region: Russian Federation –

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

    Elsevier has published updated lists of the most cited scientists in the world over the past year and throughout my entire scientific career.

    Stanford University (USA) annually collects and analyzes information from the international scientometric database Scopus about the most authoritative scientists. When compiling the ratings, both qualitative and quantitative citation metrics are taken into account. The obtained information is posted on the Elsevier website. According to the company, the scientists presented in the lists make up 2% of the most influential scientific specialists. Among them are 13 SPbPU scientists.

    Nine of the university’s researchers were included in both rankings at once: the most cited authors at the end of 2023 and for their entire research career. The greatest successes were achieved by:

    Nikolay Vatin is the director of the Scientific and Technological Complex “Digital Engineering in Civil Engineering”, chief researcher at the Laboratory of Protected and Modular Structures, Professor at the Higher School of Advanced Digital Technologies NIS “Digital Engineering”, Doctor of Technical Sciences;
    Vladimir Mostepanenko is the chief researcher at the Scientific Laboratory “Micro- and Nanoelectronic Systems on a Chip” at the NIS “Digital Engineering”, Doctor of Physical and Mathematical Sciences;
    Vadim Davydov is a leading engineer at the Center for New Materials of the Research and Modeling of Materials Research Center of the Institute of Mechanical Engineering, Materials and Transport, Doctor of Physical and Mathematical Sciences;
    Galina Klimchitskaya is the chief researcher at the Scientific Laboratory “Micro- and Nanoelectronic Systems on a Crystal” at the NIS “Digital Engineering”, Doctor of Physical and Mathematical Sciences;
    Anatoly Popovich – Director of the Institute of Mechanical Engineering, Materials and Transport, Professor of the Research Center “Structural and Functional Materials” of the Institute of Mechanical Engineering and Technology, Chief Researcher of the Laboratory “Synthesis of New Materials and Structures” of the Advanced Engineering School “Digital Engineering”, Doctor of Technical Sciences;
    Lev Utkin is a professor at the Higher School of Artificial Intelligence Technologies at the Institute of Computer Science and Cybersecurity; Leading Researcher at the Research Laboratory “Supercomputer Technologies and Machine Learning” NIS “Digital Engineering”, Doctor of Technical Sciences;
    Anton-Jiri Krivtsov – Director of the Higher School of Theoretical Mechanics and Mathematical Physics of the Institute of Physics and Mechanics, Corresponding Member of the Russian Academy of Sciences, Doctor of Physical and Mathematical Sciences;
    Mikhail Shur is a leading researcher at the Laboratory of Computational Hydro-Aeroacoustics and Turbulence at the Scientific and Technical Complex “Mathematical Modeling and Intelligent Control Systems” of the NIS “Digital Engineering”, Candidate of Physical and Mathematical Sciences.
    Andrey Travin is a senior researcher at the laboratory “Computational hydroaeroacoustics and turbulence” of the Scientific and Technical Complex “Mathematical modeling and intelligent control systems” of the NIS “Digital Engineering”, Candidate of Physical and Mathematical Sciences.

    In addition, two Polytechnic University researchers are included in the list of the most cited researchers for the past year. The 2023 ranking includes Mikhail Strelets, head of the Computational Hydroaeroacoustics and Turbulence Laboratory at the Mathematical Modeling and Intelligent Control Systems Scientific and Technical Complex at the Digital Engineering Institute, Doctor of Physical and Mathematical Sciences, and Sergey Barykin, professor at the Higher School of Service and Trade at the Institute of Industrial Management, Economics and Trade, Doctor of Economic Sciences.

    Also, two SPbPU scientists are included in the annual list of the most cited authors by indicators for the entire career path. These are Sergey Shevkunov, a leading researcher at the Center for Technological Projects, Doctor of Technical Sciences, and Sergey Roshchupkin, a professor at the Higher School of Fundamental Physical Research of the Physics and Mechanics Institute, Doctor of Technical Sciences.

    We are proud that Polytechnics have entered the ranking of the most cited scientists in the world. This is a clear confirmation of the high level of scientific research conducted at our university and the significance of contributions to global science. Being included in such rankings is not only a sign of recognition of individual merits, but also the result of the hard work of the entire scientific team, which strives for innovation and high research standards. I am sure that many discoveries and achievements await us ahead, which will inspire students and young scientists to new achievements, – commented Vice-Rector for Research Yuri Fomin.

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    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.spbstu.ru/media/nevs/achivments/13-polytechnicians-among-the-most-cited-scientists-in-the-world/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: 10/04/2024, 10:38 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0JXXD3 (Rosnft1P6) were changed.

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    04.10.2024 10:38

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by NCO NCC (JSC), on 10/04/2024, 10:38 (Moscow time), the values of the upper limit of the price corridor (up to 106.96) and the range of market risk assessment (up to 1152.78 rubles, equivalent to a rate of 11.25%) of the security RU000A0JXXD3 (Rosnft1P6) were changed

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://www.moex.com/n73749

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: 10/04/2024, 10:38 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0JXXE1 (Rosnft1P7) were changed.

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    04.10.2024 10:38

    In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on 10/04/2024, 10:38 (Moscow time), the values of the upper limit of the price corridor (up to 106.21) and the range of market risk assessment (up to 1139.83 rubles, equivalent to a rate of 10.0%) of the security RU000A0JXXE1 (Rosnft1P7) were changed

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://www.moex.com/n73748

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: 10/04/2024, the deposit auction of the Moscow Small Business Lending Assistance Fund will take place

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://www.moex.com/n73754

    Category24-7, MIL-AXIS, Moscow, Moskov Stotsk Exchange, Russians Savings, Russian Federation, Russians Language, Russian economy

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    Parameters
    Date of the deposit auction 10/04/2024
    Placement currency RUB
    Maximum amount of funds placed (in placement currency) 235,000,000.00
    Placement period, days 11
    Date of deposit 10/04/2024
    Refund date 10/15/2024
    Minimum placement interest rate, % per annum 19.00
    Conditions of imprisonment, urgent or special Urgent
    Minimum amount of funds placed for one application (in placement currency) 235,000,000.00
    Maximum number of applications from one Participant, pcs. 1
    Auction form, open or closed Open
    Basis of the Agreement General Agreement
     
    Schedule (Moscow time)
    Preliminary applications from 12:00 to 12:10
    Applications in competition mode from 12:10 to 12:15
    Setting a cut-off percentage or declaring the auction invalid until 12:25
       
    Additional terms Placement of funds with the possibility of early withdrawal of the entire deposit amount and payment of interest accrued on the deposit amount at the rate established by the deposit transaction, in the event of non-compliance of the Bank with the requirements established by paragraph 2.1. of the Regulation “On the procedure for selecting banks for placing funds of the Moscow Small Business Lending Assistance Fund in deposits (deposits) under the GDS” (as amended on the date of the deposit transaction), early withdrawal at the “on demand” rate, payment of interest at the end of the term, without replenishment

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: 10/04/2024, 11:04 (Moscow time) the values of the lower limit of the price corridor and the range of market risk assessment for the security RU000A0JT6B2 (VEB.RF 19) were changed.

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    04.10.2024 11:04

    In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on 10/04/2024, 11-04 (Moscow time), the values of the lower limit of the price corridor (up to 97.83) and the range of market risk assessment (up to 948.91 rubles, equivalent to a rate of 7.5%) of the security RU000A0JT6B2 (VEB.RF 19) were changed

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://www.moex.com/n73752

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: 10/04/2024, 11:45 (Moscow time) the values of the lower boundary of the price corridor and the range of market risk assessment for the security RU000A0JT6B2 (VEB.RF 19) were changed.

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    04.10.2024 11:45

    In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on 10/04/2024, 11:45 (Moscow time), the values of the lower limit of the price corridor (up to 94.76) and the range of market risk assessment (up to 918.13 rubles, equivalent to a rate of 10.5%) of the security RU000A0JT6B2 (VEB.RF 19) were changed

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://www.moex.com/n73757

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: 10/04/2024, 11:38 (Moscow time) the values of the lower limit of the price corridor and the range of market risk assessment for the security RU000A0JT6B2 (VEB.RF 19) were changed.

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    04.10.2024 11:38

    In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on 10/04/2024, 11:38 (Moscow time), the values of the lower limit of the price corridor (up to 96.3) and the range of market risk assessment (up to 933.52 rubles, equivalent to a rate of 9.0%) of the security RU000A0JT6B2 (VEB.RF 19) were changed

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://www.moex.com/n73755

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: 10/04/2024, 11:50 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the RU000A0ZYBM4 (AlphaBO-21) security were changed.

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    04.10.2024 11:50

    In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of PJSC Moscow Exchange by NCO NCC (JSC), on 10/04/2024, 11:50 (Moscow time), the values of the upper limit of the price corridor (up to 105.1) and the range of market risk assessment (up to 1185.24 rubles, equivalent to a rate of 16.25%) of the security RU000A0ZYBM4 (AlphaBO-21) were changed

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://www.moex.com/n73759

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: From September 30 to October 4, 2024, a series of popular science events for mathematics teachers of basic schools of the Russian Academy of Sciences took place in Novosibirsk

    MILES AXLE Translation. Region: Russian Federation –

    Source: Novosibirsk State University – Novosibirsk State University –

    Over the course of a week, unique popular science events for mathematics teachers of the RAS basic schools (hereinafter referred to as the School) were held in Novosibirsk at the S.L. Sobolev Institute of Mathematics of the Siberian Branch of the Russian Academy of Sciences and Novosibirsk State University. The project was launched in 2022 and is aimed at popularizing science, discussing significant discoveries, exchanging experiences among specialists, developing a scientific worldview among young people and adolescents, increasing the prestige of science, and expanding the scientific horizons of schoolchildren.

    This year, 29 teachers from 14 regions of Russia took part in the School: Arkhangelsk, Voronezh, Irkutsk, Kemerovo, Moscow, Novosibirsk, Omsk, Rostov, Sverdlovsk, Chelyabinsk regions, as well as from Krasnoyarsk, Perm, Primorsky Krai and the Udmurt Republic.

    Summing up the results of the school, Deputy Governor of the Novosibirsk Region Irina Manuilova noted:

    — Such schools that unite professionals from different regions are extremely useful, so I would like to see as many of them as possible in different parts of Russia. Their goals are in line with the strategy of the Decade of Science and Technology in the Russian Federation, announced by the President of the Russian Federation, as well as the new national projects “Youth and Children” and “Personnel”. I would like to note that recently our region hosted a satellite event of the Technoprom forum, the Big Mathematical Workshop, where student and school teams are involved in solving specific mathematical problems. It is very important that the policy of forming specialized classes and taking a serious attitude towards mathematical education is gaining momentum today. People who come to such training programs are people, thinking people, who are passionate about the cause. Therefore, your thoughts and your experience are extremely important in order to make the right decisions at the level of the Government of the country. I am sure that you have received a good professional background and will continue to work with each other and cooperate. I think that mathematics will take the place it rightfully deserves in school education.

    Dean Faculty of Mechanics and Mathematics, NSU Igor Marchuk spoke in more detail about the training of mathematicians at the university and noted that NSU offers the main profiles of mathematical education.

    — The faculty has created a whole space for applicants, they can choose any of the profiles — someone wants to be a researcher, someone wants to do engineering, and someone — programming. At the same time, there is a principle of openness, when, having passed certain exams, a student can transfer to another profile during their studies.

    On the basis of the S.L. Sobolev Institute of Mathematics of the Siberian Branch of the Russian Academy of Sciences and NSU, a Mathematical center in Akademgorodok, which supports many events, including events with schoolchildren. For example, this is the winter school of the young mathematician “Lobachevsky”, the Workshop of Creative Mathematics. Also, active cooperation with the educational center “Sirius” is now beginning.

    The School program included practical classes and master classes, where issues of organizing research activities for schoolchildren, solving Olympiad problems in mathematics, and conducting in-class and extracurricular activities for students were discussed. This year, in addition to the traditional participant, Gymnasium No. 6 “Gornostay”, one of the Basic Schools of the Russian Academy of Sciences, the School was also joined by SUNC NSUTherefore, the sessions were held in both educational centers.

    The participants of the School visited the leading institutes of the country and educational institutions located in the Novosibirsk Akademgorodok: Sobolev Institute of Mathematics SB RAS, Budker Institute of Nuclear Physics SB RAS, Lavrentyev Institute of Hydrodynamics SB RAS, Sobolev Institute of Geology and Mineralogy SB RAS, SUNC NSU, Educational Center – Gymnasium No. 6 “Gornostay”.

    Popular science lectures were given by leading scientists, including Pavel Vladimirovich Logachev, Doctor of Physical and Mathematical Sciences, Academician of the Russian Academy of Sciences, Director of the G.I. Budker Institute of Nuclear Physics of the Siberian Branch of the Russian Academy of Sciences; Andrey Mikhailovich Raigorodsky, Doctor of Physical and Mathematical Sciences, Professor of Mathematics, Director of the Phystech School of Applied Mathematics and Computer Science of MIPT; Alexey Vladimirovich Savvateev, Doctor of Physical and Mathematical Sciences, Corresponding Member of the Russian Academy of Sciences, Professor of MIPT, Leading Researcher of the Laboratory of Mathematical Economics of the Department of Theoretical Economics and Mathematical Research of the Central Economics and Mathematical Institute of the Russian Academy of Sciences. Also, teachers and associate professors of the NSU Specialized Scientific Center and the Gornostay Educational Center took part in the event as experts.

    For reference: a series of events for mathematics teachers of the RAS basic schools is being held in the Novosibirsk Akademgorodok as part of the implementation of the RAS Basic Schools project, in which 108 general education organizations from 32 regions of the Russian Federation are participating.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.nsu.ru/n/media/nevs/education/from-September-30-to-October-4-2024-a series-of-popular-scientific-events took place in-Novosibirsk-

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: IMF Reaches Staff-Level Agreement on a New 38-Month Extended Credit Facility Arrangement with Sierra Leone and Completes 2024 Article IV Mission

    Source: IMF – News in Russian

    September 20, 2024

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. 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’s Executive Board for discussion and decision.

    • IMF staff and the Sierra Leonean authorities have reached a staff-level agreement on economic policies and reforms that could be supported by a new 38-month Extended Credit Facility (ECF) arrangement, with requested access of SDR 187 million (about US$253 million).
    • The ECF would support restoring stability through continued macroeconomic adjustment to address debt vulnerabilities, reduce inflation, and rebuild international reserves; bolster inclusive growth and poverty reduction through structural reforms and targeted social spending; and revitalize the reform agenda to strengthen governance and institutions – all advancing the poverty reduction and growth aspirations outlined in the country’s Medium Term National Development Plan (MTNDP) 2024-30.
    • The Article IV consultation focused on fiscal and debt sustainability, monetary policy operations, drivers of inflation, external sector stability, trade facilitation, macroeconomic implications of gender inequality, climate-related risks, and the adequacy of social policies.

    Washington, DC –  An International Monetary Fund (IMF) mission, led by Mr. Christian Saborowski, visited Sierra Leone from September 4 to 13, 2024, to conduct the 2024 Article IV consultation and discuss with the Sierra Leonean authorities economic and financial policies that could be supported by a new 38-month ECF arrangement, with requested access of SDR 187 million (about US$253 million). The staff-level agreement is subject to approval by the IMF’s Management and Executive Board.

    Today, Mr. Saborowski made the following statement:

    “A new economic team took over last year and has since taken bold measures to tackle Sierra Leone’s macroeconomic imbalances including a severe cost-of-living crisis. The authorities reduced the domestic primary deficit by 2.8 percent of GDP in 2023 and are on track toward reducing it by another 2.1 percent this year. They also tightened monetary policy sharply by reducing year-on-year base money growth from a peak of 63.4 percent in June 2023 to 8.8 percent in June 2024, and raising the policy rate by 7.25 percentage points since end-2022.

    “The reform momentum has borne fruit. Inflation declined to 25 percent in August 2024, down from a peak of 55 percent in October 2023, and the sharp exchange rate depreciation experienced in 2022 and early 2023 was arrested. However, T-bill rates remain stubbornly high at over 40 percent, international reserves have fallen to less than two months of imports, and the electricity distribution company (EDSA) continues to make losses, resulting in significant fiscal pressures.

    “Economic growth reached more than 5 percent in 2022 and 2023, buoyed by strong mining activity. Sierra Leone’s public debt continues to be assessed as sustainable but at high risk of distress, while its external position in 2023 is assessed as broadly in line with the level implied by fundamentals and desirable policies.

    “The new ECF arrangement would aim to (i) restore stability by bolstering debt sustainability, addressing fiscal dominance, bringing down inflation, and rebuilding reserves; (ii) support inclusive growth through reforms—including to narrow gender gaps—and targeted social spending; and (iii) confront corruption, as well as strengthen governance, institutions, and the rule of law. These objectives would advance the poverty reduction and growth aspirations outlined in Sierra Leone’s Medium Term National Development Plan (MTNDP) 2024-30.

    “Restoring stability in the Sierra Leonean economy will require a continued ambitious macroeconomic adjustment over the program period. Enhancing revenue mobilization, boosting spending efficiency, and managing fiscal risks will be critical to make room for priority spending on social policies and investment. Strengthening the monetary policy framework and maintaining appropriately tight monetary conditions will be important to safeguard internal and external stability.

    “Making durable progress in fighting poverty and raising standards of living will require a commitment to reform, sustained political and social consensus, and well-targeted social policies. Promoting gender equality and increasing women’s economic participation are crucial to boosting Sierra Leone’s growth potential. So too are reforms to enhance the business environment by improving EDSA’s operational and technical efficiency, strengthening customs administration and transparency, and addressing climate change risks. Guided by the MTNDP 2024-30, steadfast progress in addressing these challenges will be critical.

    “The staff team is grateful to the authorities for the open and productive discussions. The team met with President Bio, Finance Minister Bangura, Deputy Finance Ministers Alie and Kalokoh, Financial Secretary Dingie, Bank of Sierra Leone (BSL) Governor Stevens, Deputy Governors Tucker and Sesay, Commissioner General Bangura of the National Revenue Authority, and senior government and BSL officials. The mission also had fruitful discussions with representatives from the private sector and development partners.”

    More information about ECF: Extended Credit Facility

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pavis Devahasadin

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/09/20/imf-reaches-sla-on-38-month-ecf-with-sierra-leone

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI Russia: “I dream that all universities in Russia would have the same conditions for scientists as HSE”

    MILES AXLE Translation. Region: Russian Federation –

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

    Anastasia Sherubneva studies spatial economics and is writing a dissertation on the crises of 2020 and 2022. In an interview with the Young Scientists of HSE project, she spoke about the influence of agglomeration effects on enterprises, the Novosibirsk Akademgorodok, and a meeting with Nobel laureate Paul Krugman in Portugal.

    How I got started in science

    Since childhood, I liked creativity. I always came up with something new, tried to find non-standard solutions to problems. In the 10th grade, I took a six-month course in economics, and I liked that real processes are described by clear mathematical models.

    After school, I entered NSU to major in business informatics, where they study, on the one hand, economics, and on the other, programming. My favorite course in the first year of study was microeconomics. Our seminars on it were taught by Elizaveta Andreyevna Gaivoronskaya. She was then about the same age as I am now, and was passionate about science. She explained things in an interesting way, and I inherited her desire to do economic research.

    From my first year, I started thinking about how I could apply what we were taught in lectures and seminars, what I would do after graduating. I started planning a scientific career.

    NSU is located in Akademgorodok, where several dozen research institutes are located. In my third year, I was invited to work in the Department of Territorial Systems of the Institute of Economics and Industrial Engineering of the Siberian Branch of the Russian Academy of Sciences. I began to study regional economics under the supervision of Evgeniya Anatolyevna Kolomak. At the same time, my programming skills helped me work with real data. The institute had a great team, the seniors always supported the juniors. There was a Council of Young Scientists, we came up with activities, organized conferences, and could just go for a walk together.

    After working there for two years, I entered the Higher School of Economics and got into a single track “master’s degree – postgraduate study”. My academic supervisor was Olga Anatolyevna DemidovaShe works in spatial econometrics, and our research interests coincided.

    When I was in my second year of master’s degree, Olga Anatolyevna created the Scientific and Educational Laboratory of Spatial-Econometric Modeling of Socioeconomic Processes in Russia. I ended up in this laboratory. Now I am a postgraduate student, working under the supervision of Olga Anatolyevna on my PhD dissertation. Here, too, a wonderful scientific team has formed, and I am very glad that I went into science.

    What I am researching

    My area of research is spatial economics. Globally, this section of economics studies how the economic position of an entity depends on its geographical location.

    In my dissertation, I study the impact of macroeconomic shocks on the performance of Russian enterprises using the 2020 and 2022 crises as examples. I examine whether the impact of these shocks differed across enterprises located in different locations, both in different regions and within one, for example, in the capital and on the periphery.

    And while many researchers conduct interregional comparisons, few study spatial differences at the intraregional level. This is the main novelty of my research.

    I am currently finishing my research on the 2020 crisis and will be working on the 2022 crisis in graduate school.

    What business data do I use?

    I work with micro data, and I have the ability to build models at the enterprise level. I am currently using data from the SPARK database: financial statements of enterprises, their geographic location, individual characteristics.

    What I wanted to know

    I asked the question this way: how did the influence of various factors, in particular geographic location, on the efficiency of enterprises change during the crises of 2020 and 2022?

    Existing studies have shown that the differentiation of the COVID-19 crisis was mainly not regional, but sectoral. The sectors that suffered were those related to offline interaction: tourism, transport, hotels, and catering. This primarily concerned the regions where they are more represented. Another important factor was the state of medicine. In poor regions, quarantine measures were stricter because the medical system could not cope, and the economy began to decline. And regions where digitalization is developed, everyone has smartphones, experience using deliveries, good healthcare, survived the crisis easier.

    However, within a region, the effects of crises can also vary, and this is precisely the aspect I am exploring.

    My conclusions

    I studied how the financial performance of enterprises depends on similar performance of neighboring enterprises. Let’s say there is an enterprise, its neighbor has gone bad, the company closes or goes into the red. What happens to it? It is assumed that nearby enterprises interact with each other. I came to the conclusion that before the 2020 crisis, the financial condition of the enterprise had a positive impact on neighboring ones and during the crisis too, but this impact became weaker. The explanation here is obvious: offline interaction decreased during the pandemic, and this was confirmed by microdata using mathematical methods.

    Another interesting result describes the influence of agglomeration effects on the performance of enterprises depending on their location – in the city center, where there are many other enterprises and a high population density, or on the outskirts, where there is nothing.

    In general, agglomeration effects are beneficial for enterprises in Russia. But if we approach large agglomerations such as Moscow, St. Petersburg, Kazan, the influence of agglomeration effects becomes negative. This is true both during and outside of a crisis. Big city effects (traffic jams, inflated prices, etc.) hinder the work of enterprises. These results indicate that large Russian agglomerations are heavily overloaded.

    What I am proud of

    In July, I published my independent article in the American journal Regional Science Policy

    I recently attended a conference of the European Regional Science Association in Portugal and gave a talk there. I mentioned that I used the HSE supercomputer in my research. And the discussant in my section said that it was great that I was able to use the supercomputer for such purposes and get new results.

    What is the HSE supercomputer?

    A supercomputer is a system of clusters between which computational processes can be distributed. It has a huge operational memory, which is measured in terabytes, and if calculations are parallelized between cores, it is possible to make cumbersome calculations.

    Using the HSE supercomputer allowed me to work with data from enterprises all over Russia, my sample included 300 thousand enterprises. I used a geographically weighted regression model, and for this you need to calculate pairwise distances between all enterprises, which requires enormous computing power.

    What I dream about

    I want to conduct a study on how enterprises in different industries influence each other geographically. For example, if a cinema and a cafe are located nearby, then most likely they will influence each other positively. But if it is a chemical plant and an eco-farm, it is clear that the mutual influence will be negative. This study requires certain data that is not yet available.

    For me, science is a way to learn something globally new and share it with others, to understand how this result relates to the results of other studies.

    I dream that all universities and research institutes in Russia would have the same comfortable conditions for scientists as HSE. If we talk about young scientists, there is a single track “Master’s degree – postgraduate study” with a large stipend. Postgraduate students are not forced, as happens in other organizations, to look for part-time jobs and can focus on writing a dissertation. HSE offers bonuses for publications, and there is an additional incentive to publish in high-level journals. Here, scientists receive a decent salary and are motivated to work for the benefit of science.

    If I hadn’t become a scientist

    I would become a human rights activist because justice has always been the highest value for me. Even at school I was interested in law, in any unclear situation I read the laws and in the 11th grade I became a prize winner of the regional stage of the All-Russian School Olympiad.

    Which scientist would I like to meet?

    If we talk about living scientists, it is Paul Krugman, the 2008 Nobel laureate in economics. He also studies regional economics, we are in the same field. I like his concept of new economic geography – it is a pool of theoretical models that explains the emergence of agglomerations from an economic point of view. This year at the congress in Portugal I met him, I even have a photo with Paul.

    If we talk about those who are no longer alive, it would be Marie Sklodowska-Curie. A great scientist, the first woman to win the Nobel Prize, the first person to have two Nobel Prizes, and the only one to have these prizes in different sciences.

    I admire her for being so enthusiastic about her work, for overcoming obstacles all her life for the sake of science. The University of Warsaw in her native Poland did not accept women at the time, so she went to study in Paris. She was not accepted as a teacher or in a laboratory simply because she was a woman. Her colleagues did not recognize her achievements, even when she received her first Nobel Prize. At the same time, she worked with radioactive substances that were dangerous to health, and was one of the inventors of the X-ray machine, which saved many lives. I would like to ask her where she found the strength for this daily struggle.

    I often think about her now, when they are trying to return women to the kitchen again and deputies are talking about how women do not need an education, but rather need to give birth to five children.

    What my typical day looks like

    Basically, different combinations of work tasks. A significant part of my work consists of doing calculations, programming, writing articles, texts. In addition, I recently became a teacher, conducting seminars in English on the course “Mathematics for Economists” in my own master’s program, which I completed this year.

    Do I get burnout?

    I have not encountered burnout yet. My total scientific and pedagogical experience is about four years. And it is probably too early to talk about burnout, especially since I love my job. It is clear that there are more productive days, less productive days, but I try not to allow burnout. I arrange rest days when I do not think about work, walk in the fresh air, listen to music, read books, watch movies. I also like to ride a bike and swim.

    What am I interested in besides science?

    I like making memes. It helps me cope with life stress, because turning something into a joke is a kind of psychotherapy. The Institute of Economics has a group of the Council of Young Scientists on VKontakte. When I was a 4th-year undergraduate, I became one of the admins of this group, ran a section and published memes about our work and the institute.

    Now I have a Telegram channel “Nastya Sherubneva in …”, but I have become less likely to make memes. It is more dedicated to trips to conferences. I started it when I went to the European Regional Science Association (ERSA) conference in Spain a year ago. It was my first trip abroad, not counting Belarus, I was happy and wanted to document every second. At first, the channel was planned only for friends, but I thought that someone else might be interested, so I made it open access. Every time I go to a new place, I rename it.

    What was the last thing I read and watched?

    From books – “1984” by George Orwell. And from films – “Don’t Worry, Darling” by Olivia Wilde. A married couple lives in a small closed town, they have an ideal life, they are rich, they love each other. But at some point the wife notices that something is wrong, people are disappearing, and as a result she finds out that their whole life is a simulation. She got there thanks to her husband, who himself wanted to get rid of unbearable experiences and save her. The film raises the question of whether such a simulation is a way out, whether it is possible to pretend that everything is wonderful, to invent an imaginary world. And even more so to be a victim of someone else’s decision. I believe that a person should decide for himself, I am against lies and restrictions for the good.

    Advice to young scientists

    Start writing your own articles as early as possible. You don’t need to become a teaching assistant or do technical work, because later it will be hard to start writing articles, working with texts, and creating literature reviews. You also need to try to decide on a scientific direction as early as possible, to understand what undeveloped problems exist in this area. A good scientific supervisor who is interested in the student and sees the trajectory of his development can help you do this.

    Favorite place in Moscow

    Museum-Reserve “Tsaritsyno”. This place has a great history, but I also like it because it is a park-estate. Akademgorodok, where I used to live, is in the forest, and in Moscow I miss forest walks. But in Tsaritsyno it is green and you can walk.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.hse.ru/jung-scientists/sherubneva

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: Marat Khusnullin together with Kokhir Rasulzoda held a meeting of the intergovernmental commission on economic cooperation between Russia and Tajikistan

    MILES AXLE Translation. Region: Russian Federation –

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

    The 20th meeting of the Intergovernmental Commission on Economic Cooperation between the Russian Federation and the Republic of Tajikistan was held in Dushanbe under the chairmanship of Deputy Prime Minister of Russia Marat Khusnullin and Prime Minister of Tajikistan Kohir Rasulzoda.

    Previous news Next news

    Marat Khusnullin together with Kokhir Rasulzoda held a meeting of the intergovernmental commission on economic cooperation between Russia and Tajikistan

    “Russia and Tajikistan maintain high dynamics of bilateral contacts. Constructive interaction has been established, all issues are discussed promptly thanks to our direct contacts. Our economic ties demonstrate high rates of development. Russia remains a key trading partner of Tajikistan. The volume of trade turnover for the first eight months of 2024 increased by 14%, both imports and exports are growing. Interregional cooperation is on the rise. More than 70 Russian regions have already established business contacts with the republic in a wide range of areas. I thank my colleagues for their fruitful work. I am confident that our mutually beneficial large-scale cooperation will develop in the future, and we will make every effort to achieve this,” said Marat Khusnullin.

    The Deputy Prime Minister emphasized that an important step in the development of Russian-Tajik relations was, among other things, the agreement reached on the construction of the Center for Gifted Children in Dushanbe and a new building for the Russian Drama Theater named after V. Mayakovsky. At present, the design assignments and general plans have been signed and a state registration certificate has been received. It is planned to begin construction directly this year.

    Prime Minister of Tajikistan Kokhir Rasulzoda noted the stability of development of Russian-Tajik relations in a wide range of areas. According to him, bilateral personal meetings are a good opportunity to resolve a number of issues and discuss important topics aimed at socio-economic cooperation of both states. The Republic of Tajikistan adheres to strategic partnership and alliance with Russia, and also intends to take further steps to develop Russian-Tajik partnership, the Prime Minister of Tajikistan noted.

    At the meeting, the parties discussed details of cooperation in the areas of trade, industry, customs, agriculture, culture, education, tourism, and also defined plans for the further development of bilateral relations.

    In conclusion, Marat Khusnullin and Kokhir Rasulzoda signed the protocol of the 20th meeting of the Intergovernmental Commission on Economic Cooperation between the Russian Federation and the Republic of Tajikistan, as well as the Program of Economic Cooperation between the Government of the Russian Federation and the Government of the Republic of Tajikistan until 2027.

    In addition, within the framework of the intergovernmental commission, a memorandum of cooperation was signed between the Chamber of Commerce and Industry of the Republic of Tajikistan and the RVB company (Wildberries and Russ), as well as a memorandum between VisionLabs and the State Unitary Enterprise Smart City on cooperation aimed at developing joint projects in the field of digitalization.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://government.ru/nevs/52896/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: Rosneft supports projects to study and preserve biodiversity

    MILES AXLE Translation. Region: Russian Federation –

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

    On October 4, the whole world celebrates Animal Protection Day, which was established in 1931 with the aim of drawing attention to the problems of preserving the inhabitants of our planet.

    Rosneft pays special attention to environmental issues and biodiversity conservation. Environmental care is an integral part of the Company’s corporate culture and social responsibility. The protection and preservation of ecosystems and biodiversity is one of Rosneft’s main environmental goals until 2035.

    The Company is implementing the largest Arctic region study program since Soviet times. Over 50 expeditions have been conducted over 12 years, during which the country’s leading scientists have studied key species-bioindicators of Arctic ecosystem stability: polar bear, Atlantic walrus, wild reindeer and ivory gull. This has allowed them to collect a unique array of information about the Arctic animal world. The data obtained is used to create a series of ecological atlases by Rosneft and Innopraktika.

    In 2024, as part of the national project “Ecology”, the Company launched a new research program called “Tamura”. In the period up to 2027, it is planned to study reindeer, polar bear, valuable bird species, and fish in the mouth of the Yenisei River on the Taimyr Peninsula. In total, ten expeditions will be conducted over four years. This season, scientists have already carried out field work to study birds on the Brekhov Islands, as well as large islands of the Yenisei Gulf. The total length of the air routes of the bird study expedition conducted in the Krasnoyarsk Territory exceeded 4,000 km.

    In addition, with the support of Rosneft, a research expedition to study wild reindeer was organized within the Tamura program. The total length of the expedition’s boat routes to study wild reindeer exceeded 2,800 km, and the area of aerial observations was 360 thousand km2. Rosneft has been studying wild reindeer since 2014. During this time, large-scale ground and aerial surveys of animals were conducted in Evenkia and Taimyr. Using satellite tags installed on the reindeer, scientists tracked their full annual migration cycle for the first time, and also identified seasonal behavior patterns.

    The Company pays special attention to the study and conservation of the polar bear. Scientists from the A.N. Severtsov Institute of Ecology and Evolution of the Russian Academy of Sciences, together with the Company’s specialists, conducted a full-scale census of the polar bear population distribution during the ice-free period on the northwestern coast of the Taimyr Peninsula and the islands of the Kara Sea as part of the Tamura program. The total length of the polar bear study expedition’s air routes exceeded 2,500 km, and the scientists encountered 50 Arctic predators in total. For the first time in Russian practice, ear radio tags were placed not only on females, but also on males.

    Rosneft, together with the non-governmental development institute 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 needed for long-term planning of the region’s sustainable development and the preservation of its fragile ecosystems. Among the priority projects is the assembly of the polar bear’s full genome.

    Since 2013, Rosneft has been the guardian of all polar bears living in Russian zoos. Currently, the Company patronizes 34 polar bears in 16 zoos in the country, providing them with care, feeding, veterinary support, and updating their enclosures. With the support of the Company, special toys have been developed to increase the physical activity of the animals. In addition, Rosneft is implementing a program to rescue and rehabilitate young polar bears left in the wild without the care of their mothers.

    Rosneft also supports programs to preserve the Amur tiger population – interacting with specially protected natural areas in the predator’s habitat, rehabilitation and reintroduction centers for animals. With the Company’s participation, equipment and transport for scientific purposes are purchased, and social infrastructure for scientists is being built.

    In 2024, scientists from the Siberian Federal University, with the support of Rosneft, analyzed the state of the wolf population in the Evenki District of the Krasnoyarsk Territory. The result of the research was a set of recommendations from specialists on improving the regulation of the number of predators to maintain the balance of ecosystems. In total, the researchers conducted 67 field trips to various areas and reserves of Yenisei Siberia. Specialists developed a method for calculating the number of predators, according to which the wolf population in Evenkia numbers 2,600 individuals.

    The study and protection of the whale and dolphin population is one of the areas of the Company’s environmental program. As part of environmental monitoring when supporting Rosneft projects, observations are made from ships of all mammals found in the vast expanses of the seas, including whales and dolphins. One of the main species that receives close attention is the gray whale of the Okhotsk Sea population. The program for monitoring the Okhotsk Sea population of gray whales on the northeastern shelf of Sakhalin Island has been conducted for 27 years. As part of the program, the population size is annually counted, animal behavior is observed, their food supply is studied, photo-identification studies and acoustic monitoring are carried out.

    In addition, in 2020, Rosneft, together with the P.P. Shirshov Institute of Oceanology of the Russian Academy of Sciences, implemented a large-scale project to study and monitor Black Sea dolphins. Based on the results of 3 years of observations, modern up-to-date data were obtained on the number and preferred habitats of Black Sea dolphins, and the characteristics of their seasonal distribution. Recommendations were prepared for the study and conservation of Black Sea cetaceans.

    Department of Information and Advertising of PJSC NK Rosneft October 4, 2024

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.rosneft.ru/press/nevs/item/220882/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: Putin and Sobyanin opened an innovative practical platform in Rudnev

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    On the Day of Secondary Vocational Education, Russian President Vladimir Putin, Moscow Mayor Sergei Sobyanin and Russian Minister of Education Sergei Kravtsov opened the Rudnevo practical training site for Moscow colleges.

    “We have started building a large area related to education. This is secondary vocational education. This building where we are is an intercollegiate center for training specialists on high-tech equipment. Next, a laboratory complex is being built. Next, a building for the Stankin University is being built, where there will be a student training center, their laboratories and production areas. Next, a building for the production of Rostec machine tools will be built. So this is a large machine-building complex that will be a center of competence for our country,” the Moscow Mayor said.

    The Rudnevo site is the first innovative educational space for practical training of qualified personnel taking into account the needs of the Moscow economy, which is the largest production and scientific-engineering center of Russia. More than 4.5 thousand enterprises operate here and over 750 thousand people work.

    Educational platform “Rudnevo”

    The college training platform was created taking into account the new concept of secondary vocational education (SVE) development. The capital’s industrial enterprises took part in the development of the project. Advanced training programs, workshops equipped with the most modern equipment, close cooperation with future employers ensure high quality training of sought-after specialists.

    The educational platform is located in the industrial park “Rudnevo”, which is part of the special economic zone “Technopolis Moscow”. College students will study on the same territory with industrial partners – future employers.

    “The site’s capacity allows for training more than three thousand people per year. Practical classes are conducted by the most competent and experienced master teachers and employees of partner employers. Students from 15 Moscow colleges will be the first to undergo practical training here. A Center for Professional Competencies has also been created on the site. Its tasks include updating educational programs and forecasting the emergence of new competencies,” he wrote in his

    telegram channel Sergei Sobyanin.

    Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin

    The building with a total area of 9.1 thousand square meters houses a high-tech complex, which includes 21 workshops and laboratories. It is as close as possible to the conditions of real production. Here, students will be able to practice professional skills in production conditions in such areas and specialties as:

    — mechanical engineering (assembly mechanic, turner, milling machine operator, operator of CNC machines, general machine operator, welder (manual and partially mechanized welding – surfacing), adjuster of machines and equipment in mechanical processing, specialist in the quality control department);

    — electronics (installer of electronic equipment and devices, assembler of electronic equipment and devices, adjuster of electronic equipment and devices, SMD line operator);

    — automation of production (specialist in servicing mechatronic and robotic systems, fitter of control and measuring instruments and automation, specialist in additive technologies);

    — aviation industry, including unmanned aircraft systems (UAS) (aircraft electrical equipment fitter, aircraft equipment assembler, aircraft composite parts assembler, unmanned aircraft system operator up to 30 kilograms).

    Thanks to cooperation with residents of the Rudnevo Industrial Park, all conditions for training have been created on the site. Workshops and laboratories are equipped with equipment that is installed in production facilities, and the training programs take into account the needs of future employers.

    The training and production complex of the site includes three blocks.

    The industrial block consists of a section where CNC machines are installed, laboratories for metrology, standardization and certification, precision digital measurements, mechanical engineering design, as well as testing grounds for turning, milling machines, and metalworking and welding work.

    The UAS production site includes areas for programming, installation of aviation and electronic equipment, final assembly of UAS, modeling and manufacturing of molds, composite materials, unit and modular assembly, as well as laboratories for aerodynamics, aeromechanics and UAS data analysis.

    The multi-profile unit consists of metalworking and electrical installation workshops, laboratories for technical systems control, materials science and composite materials, pneumatic and hydraulic systems.

    The uniqueness of the workshops is that they allow for a full-fledged production process to be organized. At the UAS site, students will be able to manufacture drone bodies, solder electronic boards, program, assemble, pilot, and decipher flight data, and in the mechanical engineering zone, they will be able to do metalwork and evaluate the quality of finished products.

    Large industrial enterprises take part in the practical training of students. Among them are the Moscow machine-building plants Avangard and Skorost, the production complex Salut, the National Helicopter Manufacturing Center named after M.L. Mil and N.I. Kamov, the Moscow Design and Production Complex Universal named after A.I. Privalov, the companies Gaskar Group, Kronstadt, Aeromax, Nyukon Energy, CARS, Vemina Aviaprestige, Monolith, Aeropribor-Voskhod.

    Preparing students at the educational site “Rudnevo”

    The capacity of the Rudnevo educational site allows it to train more than three thousand students per year.

    In the 2024/2025 academic year, practical training will be provided to students from 15 secondary specialized educational institutions. These include Polytechnic College No. 8 named after I.F. Pavlov, Polytechnic College named after N.N. Godovikov, Moscow State Educational Complex, College of Communications No. 54 named after P.M. Vostrukhin, College of Automation and Information Technology No. 20, Educational Complex “Yugo-Zapad”, Moscow Industrial College, College of Architecture, Design and Reengineering No. 26, College of Hospitality Industry and Management No. 23, Police College, Moscow College of Business Technologies, College of Modern Technologies named after M.F. Panov, College of Entrepreneurship No. 11, First Moscow Educational Complex and Technological College No. 24.

    Depending on the specialty, students will be able to complete a single professional module in one of the courses or work on site for the entire period of study. In addition, they will have the opportunity to find employment at a partner enterprise. In this case, you can complete your studies according to an individual schedule.

    Practical classes will be conducted by competent and experienced master teachers, as well as representatives of partner employers. In total, 42 masters of industrial training from Moscow colleges and 40 current employees of industrial enterprises of the capital will be able to teach at the site.

    A center of professional competencies has been created on the basis of the site. Here they will be engaged in updating educational programs taking into account the prospective development of science and production technologies, forecasting the emergence of new competencies based on the transformation of production and including them in training programs, as well as methodological support for industrial training masters and improving their pedagogical and professional skills. Cooperation with the country’s leading engineering universities, such as the Moscow State Technological University (MSTU) “Stankin” and the Moscow State Technical University named after N.E. Bauman, will help solve these problems.

    In addition, an entrance control of students’ readiness to master programs at the Rudnevo educational platform is provided. For this purpose, the center of professional competencies will interact with partner colleges, providing them with methodological and consulting support.

    Each student has an individual work place on the site. The logistics of the classrooms are well thought out: for example, there are areas for project and group work. Modern public spaces will make extracurricular time comfortable.

    In the coworking space, students can work on projects, discuss ideas, and analyze situations they have considered in class. The assembly hall is designed for conferences and business events.

    The college has a 147-seat canteen where students on a budget are provided with free hot meals. On the third floor there is a cafe whose products are produced and sold by students of Moscow food colleges.

    In addition to the practical training platform for colleges, the Moscow Government, together with MSTU Stankin, is implementing a project within the framework of which the first competence center for the machine tool industry in the country is being created in Rudnev.

    The 19.5 thousand square meter building will house a tool and equipment testing center, an expert analysis center, a design bureau, pilot production, a reverse engineering center, and a numerical control center.

    The center will be able to train and practice about a thousand students per year. The site also organizes pilot and small-scale production of specialized products.

    On the industrial policy of the city of Moscow

    Modern Moscow is the largest industrial and scientific-engineering center of Russia. There are more than 4.5 thousand industrial enterprises in the capital, employing more than 750 thousand people.

    Every year, 150 new technology companies open in Moscow and dozens of investment projects are implemented, providing the city with additional jobs. By 2030, the number of industrial production facilities will increase to 5.5 thousand, and their employees – to 850 thousand. The total area of industrial infrastructure will grow from 14 million square meters to 21 million.

    The manufacturing industry is the driving force behind Moscow’s economic development.

    “I will say about industry that in general it is actively developing. Over the past five years, I reported, the manufacturing industry has doubled,” said Sergei Sobyanin.

    By the end of 2024, private and public investment will amount to 310 billion rubles. According to forecasts, by 2030 they will grow by 620 billion rubles – to 930 billion rubles.

    One of the effective measures to support the city is the localization of industrial enterprises in the special economic zone “Technopolis Moscow”. This is the center for the development of the capital’s advanced high-tech industry, which includes six sites with a total area of more than 280 hectares. More than 1.5 million square meters of industrial and public-business areas have been built here. The plan is to increase this figure to 3.8 million square meters by 2030.

    Today, there are more than 220 enterprises operating in Technopolis Moscow, 112 of which have resident status and receive tax preferences. Residents are exempt from paying property, land and transport taxes for 10 years, and the income tax rate for them is only two percent instead of 20.

    During the operation of the special economic zone, companies invested about 330 billion rubles in the development of their high-tech production facilities and created 22 thousand jobs. The volume of investments from the Moscow budget amounted to almost 135 billion rubles.

    Innovative developments of enterprises can be applied in various fields – from microelectronics to medicine and space. Among them are optical multiplexers, portable ultrasound machines, mobile ventilator complexes, multifunctional amphibious robots designed for reconnaissance and liquidation of consequences of accidents at various flooded objects, nuclear power plants and mines.

    Another tool for developing Moscow industry is clustering. By 2030, more than 13 inter-industry clusters will operate in Moscow – this is over seven million square meters of production space and 100 thousand jobs.

    Thus, one of the largest pharmaceutical clusters in the country, which includes 13 companies, is successfully operating at the Alabushevo site of the Technopolis Moscow special economic zone. A photonics and microelectronics cluster has also opened there, with 61 companies participating. Total investments in this site amounted to 137.9 billion rubles, of which 7.9 billion rubles were invested by the Moscow Government. Total investments will grow to 353 billion rubles by 2030.

    Two years ago, the Moscow cluster of electric vehicle manufacturing began its work. It included 64 companies, most of which receive benefits from the city. In particular, they are exempt from paying property, land and transport taxes.

    One of the important projects is the construction of the first gigafactory in Russia for the production of batteries. The city has signed an offset contract for the supply of batteries for public electric transport. The total purchase amount will be 172 billion rubles over six years. The enterprise will produce 50 thousand batteries per year, which will cover about 40 percent of the needs of the Russian market. The opening of the production will create 900 new jobs. The total investment in the project is 52 billion rubles, of which 25 billion rubles were allocated by the Moscow Government, and 27 billion are private funds.

    On behalf of the President of the Russian Federation Vladimir Putin, a new industrial park was opened in Rudnevo in 2023. Federal Center for Unmanned Aircraft Systems. Today it unites 11 leading developers and manufacturers of unmanned aircraft systems. The enterprises have created more than 2.8 thousand jobs. Investments in the industrial park “Rudnevo” amounted to 97 billion rubles, of which 20 billion rubles are private funds, and 77 billion rubles were invested by the Government of Moscow. By 2030, a total of 490 billion rubles will be invested.

    Work is currently underway to form food and construction clusters in TiNAO.

    The food cluster will build over 800 thousand square meters of industrial space and create 11.4 thousand jobs. Private investments will reach almost 90 billion rubles.

    The opening of the construction cluster will create 30 thousand jobs. More than 1.6 million square meters of industrial real estate will be built within its boundaries. Private investments will amount to almost 145 billion rubles.

    In the capital it is being created shipyard for the production of electric ships. Its capacity will occupy 23 thousand square meters. Commissioning is scheduled for the first quarter of 2025. The enterprise will provide more than 500 new high-tech jobs. Investments from the Moscow Government amount to more than 4.6 billion rubles.

    In addition, two new large industrial clusters will appear in TiNAO – automobile manufacturing and eco-industrial. In total, almost 23 thousand highly qualified jobs will be created there.

    Sobyanin named innovative clusters that will be created in New Moscow

    A cluster of innovative technologies in the field of construction is being created on the basis of OOO “Innovative Technology Plant – Monarch”. Last year, the first stage was put into operation – this is an experimental plant with an area of 26.6 thousand square meters. The volume of investments amounted to 3.4 billion rubles. Today, 500 people work here.

    A glass cluster is also being built in TiNAO. 120 hectares will be allocated for it for facilities with a total area of 840 thousand square meters. 9.6 thousand jobs will appear here. Investments will exceed 105 billion rubles. The implementation of the project will allow to cover the need for special glass, including medical glass.

    The elevator construction industry is quite promising for investment. The departure of foreign companies from the domestic market opens up new opportunities for capital enterprises to occupy vacant niches. Thus, on the basis of the Karacharovsky Mechanical Plant, a cluster of elevator construction and vertical transport of Moscow is being formed, which will accelerate the development and localization of vertical transport production in Russia.

    The National Space Center is being built on the territory of the Khrunichev State Research and Production Space Center. This is a large-scale project implemented jointly with Roscosmos. According to preliminary estimates, about 27 thousand jobs will be created on the site.

    Moscow has historically had a strong scientific base. Today, in the R sphere

    There are 735 higher education institutions (excluding branches) in Russia. At the same time, every fifth university is located in Moscow, which confirms the presence of significant human resources potential in the capital and the high level of training of students for work in high-tech enterprises.

    Today in Moscow, specialists in engineering and technical fields are trained at the Bauman Moscow State Technical University, the Stankin Moscow State Technological University, the Moscow Institute of Physics and Technology, the Lomonosov Moscow State University, the National Research Nuclear University MEPhI, the MISiS University of Science and Technology and other leading universities.

    In order to increase the number of qualified personnel annually graduating for the industrial sector, the Moscow Government is modernizing the system of secondary vocational education and implementing accelerated training of engineering personnel.

    Industrial Park “Rudnevo”

    “Rudnevo” is an industrial park within the SEZ “Technopolis Moscow”, built in the east of the city in record time to accommodate critically important production. This is an example of a modern high-tech industrial park, where it is convenient to work, study, create production and educational clusters.

    Construction work in Rudnev began at the end of 2020. During the construction of production buildings, domestic materials were used (for a number of items, import substitution was 100%) and modern technologies, which made it possible to reduce construction time by 35-50 percent, and the cost of work by 10-15 percent.

    Currently, 21 production buildings with a total area of 377 thousand square meters have been erected, including a pilot production facility and a design bureau. Additional production buildings are in the active stage of construction, as well as a social infrastructure building, which will house laboratories, office space, a training center and other social facilities for company employees.

    In the future, 21 thousand highly qualified jobs will be created at the enterprises in Rudnev, primarily for residents of the rapidly developing Moscow districts of Kosino-Ukhtomsky, Vykhino-Zhulebino and Nekrasovka, as well as the urban district of Lyubertsy in the Moscow region.

    Thanks to the SEZ regime, companies – residents of Rudnev receive significant tax benefits. In particular, they are exempt from property, transport and land taxes. The income tax rate for them is only two percent. Residents have a free customs zone regime and land lease benefits.

    In addition to the Federal Center for Unmanned Aircraft Systems, the Rudnevo Industrial Park also houses a production building for the Almaz-Antey Air Defense Concern and an industrial complex for PJSC Yakovlev, which currently produces wing kits for the MS-21 medium-range aircraft.

    In addition, enterprises producing ATMs, electrical capacitors, absorbent linen, equipment for industrial waste sorting, and others have set up their production facilities in Rudnev.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.mos.ru/major/themes/11847050/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: Sobyanin spoke about the development of secondary vocational education in Moscow

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Today, 275 thousand students study in Moscow colleges, and by 2030 their number will double to 420 thousand. This was announced by Moscow Mayor Sergei Sobyanin during the opening of the practical training site for Moscow colleges “Rudnevo”. The event was attended by Russian President Vladimir Putin and Russian Minister of Education Sergei Kravtsov.

    “We plan to double the number of students studying in colleges and graduates in five years. Thus, the number of students in colleges and higher education institutions will be comparable. Which, in general, is necessary for the economy today. What do we plan to do? We have two thousand real laboratories, workshops. We plan to update them by 100 percent by 2027. To make both laboratories and workshops modern,” said Sergei Sobyanin.

    In addition, according to the Mayor of Moscow, it is planned to build 400 thousand square meters of campuses, renovate existing sites and create shared-use centers.

    Today, there are 178 colleges operating in Moscow. Most specialists are trained for the IT sector, industry, creative industry and construction. Thanks to the high quality of training, graduates of the capital’s colleges quickly find work, Sergei Sobyanin said in on your telegram channel.

    Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin

    Secondary vocational education is actively developing throughout the country. More than 65 percent of all workers are specialists with secondary vocational education, noted Sergey Kravtsov.

    “It is important that the programs in colleges have become as practice-oriented as possible. About 80 percent of the educational process is practice. We updated the standards together with the industries. New 400 standards, directly with the enterprises for the requirements that the enterprises need. We do not forget about general education: Russian, mathematics, history, new history textbooks for colleges from this year and education. Each college has an education advisor,” said Sergey Kravtsov.

    Colleges prepare specialists that industries need. Some of the students begin their professional activities while still studying. According to Sergey Kravtsov, today more than 90 thousand college students are employed in the military-industrial complex.

    “The measures that are being implemented increase the prestige of blue-collar jobs. Last year, 1.25 million applications were submitted to colleges. Three people per place on average, in some specialties – nine people per place. 62.5 percent of ninth-graders choose colleges. In particular, career guidance helps, which we have been conducting in schools since last year from the sixth grade, when children come to colleges and to production facilities,” said Sergey Kravtsov.

    Labor market in Moscow

    The capital’s labor market is one of the largest and most diversified in the world. More than 8.6 million people are employed in the city’s economic sectors. Moscow has a constant need for qualified personnel, as well as a minimal level of unemployment.

    75 percent of employers are interested in specialists with secondary vocational education. Demand for college graduates is observed in such industries as industry, transport, logistics, construction, trade and information technology (IT).

    “Today, 75 percent of secondary vocational education personnel are required. At the same time, we train 63 percent of specialists with higher education in Moscow, and only 18 percent of secondary vocational education specialists. And another 19 percent of short programs are workers,” added Sergei Sobyanin.

    At the same time, the professional training system is primarily focused on specialists with higher education. There is an imbalance between the needs of the market and the capabilities of the professional education system. The demand for mid-level specialists with decent salaries is a stable trend in the capital’s labor market.

    The city pays special attention to the development of the secondary vocational education system. Currently, there are 178 colleges in the capital, including 71 private, 44 federal and 63 colleges under the jurisdiction of the Moscow Government. More than 270 thousand students study there, including almost 130 thousand people receive education in city colleges.

    20.6 thousand students study in city colleges in IT fields. 20.1 thousand people receive education in the industrial sector, 14.7 thousand Muscovites in creative industries and construction, 14.2 thousand and 13.4 thousand students in transport and healthcare, respectively. 12.9 thousand city residents study specialties related to hospitality, nine thousand students in education and social spheres, and 6.5 thousand people in security and law. 3.2 thousand Muscovites receive education in finance and trade, 1.5 thousand in culture and art, and 0.4 thousand students in sports.

    Last year, 93 percent of city college graduates found jobs.

    In 2023, an additional program of career guidance and career testing for ninth-graders was introduced. Thanks to this, graduates were able to get acquainted with modern professions taught in Moscow colleges. The program aroused great interest among teenagers and their parents. More than 60 thousand schoolchildren took free career testing, and over 70 percent of its participants decided to enroll in secondary vocational education institutions.

    Professional auditions, excursions to employers and interactive quests: Moscow ninth-graders completed a comprehensive career guidance program

    In 2024, the Moscow Government doubled the number of Moscow schoolchildren who graduated from city colleges nine classes. In total, 16 thousand additional budget places were created in popular areas. These include medicine, security, finance, information technology, hospitality, creative industries, industry, construction and transport.

    As a result, about 45 thousand students entered city colleges. Of these, about 36 thousand ninth-grade graduates study on a budget basis.

    The increase in budget places satisfies the demand of young people to obtain promising and in-demand specialties, allowing them to begin professional activities as early as 18–19 years of age.

    It is planned that by 2030 the number of students in Moscow (city, federal and private) colleges will grow to 420 thousand. Admission will increase by 53 percent: more than 150 thousand students will enroll in colleges annually – primarily ninth-grade graduates from the capital and other regions. Secondary vocational education programs will be taught to 11th-grade graduates and adults who want to obtain a popular and promising specialty.

    Modernization of the secondary vocational education system

    Increasing the number of college students is an important component of the modernization of the secondary vocational education system carried out by the Moscow Government. It is based on two basic principles:

    — relevance and demand — educational programs are developed with the participation of employers and professional associations;

    — practical orientation — students are immersed in a professional environment from the first year, and practical classes make up at least 70 percent of the total training time and are conducted under the guidance of experienced mentors.

    Sergei Sobyanin: At least 70% of classes in Moscow colleges will be practical

    As part of the modernization of the secondary vocational education system, the infrastructure and content of educational programs are being updated. This work includes several aspects.

    Constant interaction with enterprises and work at their request. For this purpose, colleges cooperate with many organizations. Today, among the partners of the capital’s institutions of secondary vocational education are more than three thousand employers. Among them are the state corporation Rostec, the State Unitary Enterprise Moscow Metro, JSC Sheremetyevo Security, PJSC MOEK, JSC Concern VKO Almaz-Antey, OOO Glavstroy, PJSC MGTS, PJSC Rostelecom, GUP Mosgortrans, PJSC Sberbank of Russia, PJSC Gazprom, the association of Russian automobile dealers, OOO Inzhenerstroy, OOO Spetsgrad, JSC Moscow Automobile Plant Moskvich, JSC NPP Toriy, the holding company United Confectioners and other companies.

    For the second year, a unique practice has been implemented — conducting a qualification exam in the conditions of a real production process. Its successful completion provides an opportunity to receive a rank and a job offer at the same time. In addition, employers participate in the development of the content and criteria for assessing the final demonstration exam and are part of the examination committee.

    Updating educational programs. The content of educational programs is formed on the basis of a competency profile compiled jointly with the professional community and industry representatives. In total, city colleges provide training in 170 specialties.

    By September 1, 2024, 60 percent of the programs currently being studied by 43 thousand college students have been updated. By the 2026/2027 academic year, all educational programs will be brought up to the new standard. In addition, a system for adapting programs to new technologies and changing labor market needs will be created. The main objective is to train a student who is ready to start full-time work immediately after graduation.

    “One of the most important problems is the quality of teachers. Since we have a large production potential, we are solving this problem. Reducing the training time to three years, today – four years. We are simply compressing some programs so that the guys can enter real life faster,” said Sergei Sobyanin.

    The duration of training is reduced by increasing its intensity. This academic year, the number of four-year programs has been reduced by 70 percent. Starting from the 2025/2026 academic year, all preparatory programs will be designed for two years for those who have completed 11th grade and three years for ninth-graders.

    Multidisciplinary and increasing the level of qualification. Students have the opportunity to master not one, but even two or three professions during their studies. This increases the competitiveness of young specialists in the labor market.

    For example, in the specialty “mechanical engineering technology”, a graduate receives the basic qualification of “technician-technologist”, as well as the opportunity to work in the professions of “general profile machine operator”, “setter of machines and manipulators with program control”, “controller of machine and metalwork works”.

    The city is forming a mandatory level of training quality for each profession. The minimum standard of qualification level will be the third category, and for some specialties – the fourth.

    Previously, college graduates received no higher than a second degree. They were not allowed to work in complex types of production. The guys had to be trained further. As a result, the wages of young specialists were low.

    Digitalization of education using the services of “MES College”. Since September 2024, teachers and students of 47 city colleges have had access to the electronic services of the “Moscow Electronic School” to prepare for classes (“MESH”). This improved the quality of education and made the educational process more accessible and convenient for all participants.

    Currently, the “MES” is being finalized to meet the specifics and objectives of professional education. It will be completed by 2026. Specialized forms of control and certification will be introduced, a student portfolio, an electronic grade book, personal student and teacher accounts, as well as an electronic library of materials for teachers will be created.

    The MES library will feature a set of materials designed for modern formats and teaching technologies: electronic lesson plans with video assignments and tests, interactive applications, virtual laboratories, electronic teaching aids, and digital textbooks.

    Improving the material and technical base of secondary vocational education. A practical training site for Moscow colleges operates in the Rudnevo industrial park. In 2024–2025, it is planned to open two more similar sites — Pechatniki and Yug. Their educational capacity will allow them to train 20,000 students annually, as well as adults who want to get a new specialty.

    A large-scale process of equipping colleges with new modern equipment has begun. Thus, by the end of 2024, it is planned to update and create about 650 educational laboratories and workshops. In 2025, 1,450 workshops will be updated, and in 2026-2027 – another 300 workshops.

    In total, it is planned to re-equip about 2050 laboratories and workshops. This will allow practical and laboratory work to be carried out at a modern technological level using equipment installed at the capital’s enterprises.

    It is planned to build seven innovative educational campuses with a total area of almost 400 thousand square meters to accommodate more than 60 thousand students. Among them are colleges in the fields of creative industry, information technology, healthcare, hospitality, industry, transport, construction and others. The buildings are designed for modern educational technologies taking into account the best world practices. There will be ergonomic premises with a comfortable educational environment and the effect of complete immersion in the profession.

    The new campuses will feature professional workshops, as well as internal and external full-cycle production sites for students to practice their complex skills in conditions close to reality. The educational space will include coworking spaces and transformable rooms for group and project work.

    In addition, the plans include a major overhaul of the Moscow Technological College and the Moscow College of Management, Hotel Business and Information Technology “Tsaritsyno”. These are three buildings with a total area of 50 thousand square meters.

    By 2031, it is planned to completely renew the infrastructure of city colleges.

    Expansion of the career guidance program for schoolchildren. In the 2024/2025 academic year, the program will cover eighth-graders in addition to ninth-graders. It is expected that about 100 thousand Moscow schoolchildren will be able to take part in it.

    One of the new areas will be student-to-school mentoring. Senior students will visit schools and talk about college education, share their success stories, and help kids make the right choice.

    The pool of employers — project partners — will expand. In the new academic year, schoolchildren will visit companies operating in all sectors of the city’s economy. They will get acquainted with high-tech equipment and talk to specialists.

    In particular, excursions to the territories of industrial enterprises of the special economic zone “Technopolis Moscow”, professional tests and master classes with the best employees of resident companies are planned.

    Particular attention will be paid to working with parents. Saturday meetings are planned at career guidance centers with labor market experts and college representatives.

    You can find out more about the in-demand professions and specialties taught in the capital’s colleges on the portal “School. Moscow”, in the section “Atlas of Professions” and podcast “The Key to the Profession”. Useful content about secondary vocational education is also published in the telegram channel “Moscow education” and the group of the same name on the social network “VKontakte”.

    Raising the prestige of secondary vocational education. In 2024, the Moscow Government established grants for capital colleges for achieving high results in teaching students.

    In total, it is planned to award 20 grants: three first-degree grants of 40 million rubles, seven second-degree grants of 25 million rubles, and 10 third-degree grants of 15 million rubles.

    When determining grant recipients, students’ results in passing qualification and demonstration exams, victories in professional skills championships, as well as graduate employment results and other achievements will be taken into account.

    The grant funds are planned to be used for additional material incentives for teachers and masters of industrial training who have achieved high results in their work. This will become an additional incentive for improving the quality of secondary vocational education in Moscow.

    The first colleges to receive grants will be determined based on the results of the 2024/2025 academic year. In the future, incentive funds are planned to be awarded to the best secondary vocational education institutions annually.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.mos.ru/major/themes/11848050/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: Cinema Weekend at the Moskino Cinema Park

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    On October 5 and 6, the Moskino Kinopark will host an entertainment program. Adults and children will be able to act in scenes from iconic Soviet films, attend dance, music and creative workshops, and take part in costumed photo sessions. Immersive shows, quests and a concert program will be held in natural settings. At the Moskino Kinopark cinema, guests will see both classics and the latest releases from Russian cinema. Of course, cartoons await children.

    The Moskino Cinema Park is part of the Moscow Mayor’s project “Moscow — City of Cinema” and a facility of the Moscow Cinema Cluster. The first stage of development has been completed — 18 natural sites, four pavilions and six infrastructure facilities have been built, including the sets “Center of Moscow”, “Vitebsk Railway Station”, “Partisan Village”, “County Town”, “Cowboy Town”, “Pitersky Bar”, “Streets of Berlin”, “City Yard”, as well as the Fairy Tale Park for children.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.mos.ru/poster/event/319842257/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: Cinema weekend at the Moskino cinema park (two-day ticket)

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    On October 5 and 6, the Moskino Cinema Park will host an entertainment program. Adults and children will be able to act in scenes from iconic Soviet films, attend dance, music and creative workshops, and take part in costumed photo sessions. Immersive shows, quests and a concert program will be held in natural settings. At the Moskino Cinema Park, guests will see both classics and the latest releases from Russian cinema. Of course, cartoons await children.

    The Moskino Cinema Park is part of the Moscow Mayor’s project “Moscow — City of Cinema” and a facility of the Moscow Cinema Cluster. The first stage of development has been completed — 18 natural sites, four pavilions and six infrastructure facilities have been built, including the sets “Center of Moscow”, “Vitebsk Railway Station”, “Partisan Village”, “County Town”, “Cowboy Town”, “Pitersky Bar”, “Streets of Berlin”, “City Yard”, as well as the Fairy Tale Park for children.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.mos.ru/poster/event/319851257/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: Financial News: The Financial Navigator Program Will Start on October 3

    MILES AXLE Translation. Region: Russian Federation –

    Source: Central Bank of Russia –

    The Bank of Russia webinars on personal finance and investments are designed for young people and adult listeners. The knowledge gained from them will help you competently build a personal strategy to achieve your financial goals and learn how to avoid possible financial traps.

    The program has two thematic blocks. The first is devoted to the basics and principles of investing. The classes will cover the nuances of various investment products, the rules for forming an investment portfolio taking into account the acceptable level of risk, safe financial transactions, and choosing an intermediary. The second block focuses on financial planning and reasonable savings. Participants will also discuss how to get out of a difficult financial situation and learn about the rules of responsible borrowing.

    The webinars provide the opportunity for live communication. The lecturers will be experts from the Bank of Russia, and everyone will be able to ask questions about finances live.

    To participate in the program, simply register on the website projectYou can join webinars individually or as part of a group.

    The program will end on December 13, 2024.

    Preview photo: maxbelchenko / Shutterstock / Fotodom

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.kbr.ru/press/event/?id=21056

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: Government meeting (2024, No. 29)

    MILES AXLE Translation. Region: Russian Federation –

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

    1. On the draft federal law “On Amendments to the Federal Law “On the State Defense Order” (in terms of creating legal grounds for the Federal Treasury to exercise its powers for automated monitoring of prices for products under the state defense order in the state integrated information system for managing public finances “Electronic Budget”)

    The bill is aimed at identifying risks affecting the cost of products supplied under state defense orders, in the order of a preventive risk-oriented approach for the response of state customers of state defense orders, implementing organizations, and federal executive bodies to such facts.

    2. On the draft federal law “On Amendments to Article 32 of the Federal Law “On Special Economic Zones in the Russian Federation” and Article 22 of the Land Code of the Russian Federation”

    The bill proposes to lift restrictions on residents of special economic zones attracting additional borrowed financing by transferring lease rights as collateral to credit institutions.

    3. On amendments to the distribution of subsidies to the budgets of constituent entities of the Russian Federation for the creation of modular non-capital accommodation facilities during the implementation of investment projects for 2024, approved by Appendix 31 (Table 140) to the Federal Law “On the Federal Budget for 2024 and for the Planning Period of 2025 and 2026”

    The draft order is aimed at approving the subject-by-subject distribution of funds within the framework of the implementation of the state program of the Russian Federation “Tourism Development”.

    4. On the allocation of budgetary appropriations to the Ministry of Industry and Trade of Russia in 2024 from the reserve fund of the Government of the Russian Federation for the purpose of providing a subsidy from the federal budget to the autonomous non-profit organization “Center for Support of Engineering and Innovation” for the provision of grants to Russian organizations for conducting research and development work

    The draft order is aimed at supporting innovative projects for the development and creation of production in priority industries, including in the areas of transport and oil and gas engineering.

    5. On the draft federal law “On Amendments to the Federal Law “On the State Corporation for Space Activities “Roscosmos””

    The bill is aimed at improving the regulation of legal relations related to the management of state property and clarifying certain powers of the state corporation.

    6. On the allocation of budgetary allocations to Rosavtodor in 2024 from the reserve fund of the Government of the Russian Federation to ensure the accelerated implementation of measures for the construction and reconstruction of highways

    After the completion of construction of a number of sections of the federal highway M-7 “Volga”, they will become part of the M-12 “Vostok” highway as part of its extension from Kazan to Yekaterinburg.

    7. On the allocation of budgetary appropriations from the reserve fund of the Government of the Russian Federation to the Russian Emergencies Ministry in 2024 for the purpose of providing another interbudgetary transfer to the budget of the Kursk region for the financial support of certain measures to eliminate the consequences of the attack of the Ukrainian armed forces on the territory of the Kursk region, meaning the provision of financial assistance to affected citizens in connection with the complete loss of their essential property

    Moscow, October 2, 2024

    The content of the press releases of the Department of Press Service and References is a presentation of materials submitted by federal executive bodies for discussion at a meeting of the Government of the Russian Federation.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://government.ru/meetings/52881/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Russia: Australia: Staff Concluding Statement of the 2024 Article IV Mission

    Source: IMF – News in Russian

    October 2, 2024

    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.

    • Growth has slowed; while inflation is retreating from its peak, it remains elevated as demand-supply imbalances persist particularly in sectors like rents, new dwellings and insurance. The mission projects a modest economic recovery next year, pushing growth from 1.2 percent for 2024 to 2.1 percent for 2025, bolstered by real income growth and resilient labor markets. The uncertain global environment and geoeconomic fragmentation pose significant external risks.
    • Near-term policies should continue to focus on reducing inflation while nurturing economic growth. The Reserve Bank of Australia’s continued restrictive monetary policy stance aimed at combating persistent inflation is appropriate. Should disinflation stall, policies may need to be further tightened while preserving targeted support to vulnerable households amid rising living costs. Financial sector policies should prioritize preserving stability, while tackling localized vulnerabilities arising from tightened financial conditions. Addressing the housing affordability challenges requires a holistic approach to tackle the continued supply shortfall.
    • Australia’s robust economic institutions and policy frameworks can be further enhanced to underpin stability and foster growth in the long term. Structural policies should focus on enhancing resilience, revitalizing productivity growth through enhancing competition and innovation — including leveraging AI technology responsibly — and strategically navigating the climate transition.

    Washington, DC:

    I. CONTEXT AND RECENT DEVELOPMENTS

    1. Australia’s resilient economy faces cyclical challenges. Recent decades of strong growth are attributed to effective policies, strong institutions, flexible prices, strong regional trade links, and robust population growth. Post-pandemic stabilization efforts have included a balanced set of macro policy measures to manage demand and bring inflation back to target while preserving the gains in the labor market. Progress in reducing price pressures and bringing inflation back to target has been slower than expected. In this context, significant policy challenges remain in rebalancing the economy while navigating cyclical headwinds.
    2. Economic growth has continued to decelerate. Under tightened policies, growth slowed to 1.0 percent (y/y) in the second quarter of 2024, down from 1.9 percent (y/y) a year ago. Per capita private consumption was down 1.9 percent (y/y) in 2024Q2, as real disposable income per capita declined due to high inflation, elevated interest rates, and tax payments growing faster than incomes prior to recent income tax cuts. Younger Australians, who are more likely to rent or hold mortgages, have seen a greater impact on spending. Despite recent resilience, private business investment has started easing, growing at just 1.6 percent (y/y). Economic activity has been supported by public demand and large state infrastructure projects. The labor market has eased somewhat but remains relatively resilient, with unemployment at 4.2 percent in August 2024, and the vacancies-to-unemployment ratio still above pre-pandemic levels. The current account fell into deficit in early 2024, driven primarily by the normalization of commodity prices.
    3. Inflation has continued to ease from post-pandemic highs, but price pressures remain elevated. Restrictive monetary policy and an easing in supply pressures led to headline inflation falling to 3.8 percent (y/y) in the second quarter of 2024 from a peak of 7.8 percent (y/y) in late 2022. Headline inflation—as measured by the monthly CPI indicator—declined to below 3 percent in August due in part to sizeable temporary electricity subsidies. However, underlying price pressures remain elevated, most notably in non-tradable sectors like rents, new dwellings, and insurance, reflecting ongoing demand-supply imbalances. The mission welcomes the second consecutive Commonwealth Government budget surplus in FY2023/24. This was achieved by saving revenue windfalls from a resilient labor market and higher commodity prices, and identifying expenditure reductions or reprioritizations, while implementing cost-of-living relief measures. While acute demand and supply imbalances in the housing market have begun to ease, national house prices have surpassed pandemic-era peaks and the momentum persists, with rents also rising significantly.

    II. OUTLOOK AND RISKS

    1. The economy is projected to recover gradually. Growth is expected to start picking up in the second half of the year, reaching 1.2 percent for 2024 and 2.1 percent for 2025. Real wage growth is expected to boost private consumption, while public demand is expected to remain solid. Meanwhile, it remains too early to assess to what extent the recent income tax cuts would be saved or spent by households. Starting in 2025, private demand is also expected to benefit from gradual monetary policy easing and a rebound in dwelling construction after the resolution of bottlenecks. However, growth will remain below its potential rate until 2026, when it is forecast to converge to 2.3 percent. Labor market conditions are anticipated to soften gradually, with a modest rise in unemployment to about 4.5 percent. Trimmed mean inflation is expected to sustainably return to the RBA’s target range at end-2025, with underlying price pressures easing only slowly. Upside risks to inflation include a slower than forecast rebalancing in labor market demand and supply, potential larger fiscal impulses, demand impact of recent house price increases, and higher tradable prices due to rising geoeconomic fragmentation.
    2. With large uncertainty surrounding the macroeconomic baseline, the balance of risks is tilted to the downside:
    • External risks: The uncertain external environment, including weakness in major trading partners, poses risks to Australia’s growth. Geoeconomic fragmentation, which could potentially reconfigure global trade, poses risks to external demand, especially given Australia’s sizeable commodity exports and diverse trading partners. Rising shipping costs and volatile energy and food costs stemming from global geopolitical tensions could complicate the fight against inflation. At the same time, Australia’s pivotal role in the Pacific in providing aid and remittances, enhances regional economic stability and development. Additionally, Australia’s economy continues to benefit from positive regional interactions, such as labor migration that addresses domestic capacity constraints and skills shortages.
    • Domestic risks: The disinflation process may stall due to persistent services inflation, a stronger-than-expected fiscal impulse, or spillovers from global trade and supply chain disruptions; this may in turn raise prospects of higher-for-even longer interest rates, with implications for consumption and investment. Conversely, growth may be weaker than forecast, or unemployment may rise faster than projected (for example, if the current labor market tightness proves to be localized), potentially requiring the Reserve Bank to lower interest rates sooner.

    III. NEAR-TERM POLICIES TO BRING DOWN INFLATION WHILE NURTURING GROWTH AND PRESERVING FINANICAL STABILITY

    1. Near-term policies should focus on managing the final phase of returning inflation to target while nurturing growth. The baseline policy mix should be orchestrated carefully to achieve these objectives and ensure price and financial stability. The current restrictive monetary policy stance is essential to address risks of prolonged inflation. Fiscal policy should support disinflation as the economy continues to grapple with supply capacity constraints. Additionally, macroprudential policies should maintain a stringent stance to mitigate the risk of excessive vulnerabilities in household balance sheets, particularly in the context of rising house prices. Should disinflation stall, monetary policy may need to be further tightened, supported by tighter fiscal policy while nurturing growth, and preserving targeted support to vulnerable households amid rising living costs. This contingent policy mix should ensure monetary and fiscal authorities complement each other to avoid overburdening any single policy instrument. In the face of external shocks, Australia’s commitment to a flexible exchange rate, will allow monetary policy to focus on domestic policy objectives.
    2. In this context, the RBA’s decision to maintain its restrictive policy stance in the near-term is appropriate. The still persistent inflation and emerging upside risks emphasize the importance of a tight monetary stance until the inflation outlook sustainably aligns with the target range. This stance is supported by the strong transmission of monetary policy through the Australian housing sector, largely due to a high proportion of variable-rate mortgages, and a possibly slow yet important transmission via non-mining business investment. While inflation expectations have remained anchored, the RBA should continue to build on its recent efforts and explore ways to further strengthen its communications capabilities and effectively guide the general public’s and the market’s understanding of its data dependent decision-making process and their expectations regarding policy shifts in an uncertain global policy environment.
    3. Should disinflation stall, a tighter fiscal stance would be warranted, while better targeting of transfers could more efficiently support vulnerable households. The FY2024/25 Commonwealth budget is projected to deliver a positive fiscal impulse based on the mission’s estimates. A preannounced personal income tax (PIT) cut and new expenditure items including broad-based cost-of-living support, are expected to contribute to moving the budget to a deficit. The mission’s analysis shows that while the cost-of-living support lowers the price level on a temporary basis, it may inject some additional stimulus into the broader economy. The permanent PIT cut increase households’ disposable income, but it remains too early to assess the extent to which they will be saved or spent and therefore the extent and timing of any impulse to demand. State and Territory budgets have proven more expansionary than expected in the near-term, incorporating further cost-of-living support and infrastructure spending. Should disinflation stall, expenditure rationalization at all levels of government could help lower aggregate demand and support a faster return of inflation to target. In particular, infrastructure spending could be carefully prioritized to avoid aggravating construction capacity constraints, by focusing on boosting productivity and facilitating the green transition. In addition, transfers should be made targeted wherever possible.
    4. Financial sector policies should prioritize maintaining stability, while carefully addressing localized vulnerabilities arising from tightened financial conditions. Banks are in a strong position, showcasing high capital levels, solid liquidity, and healthy profits, while also demonstrating resilience in recent stress tests conducted by the Australian Prudential Regulation Authority (APRA). While most households and businesses continue to be resilient, financial pressures are evident in vulnerabilities in low-income households and small-medium enterprises, and challenges to firms’ profitability under tight financial conditions. More generally, concerns about hidden leverage or vulnerabilities, combined with new and emerging global risks, could resurface. Thus, the mission welcomes APRA’s plan for the first system stress test to better understand interconnectedness across the financial system, providing a platform to quantify, assess and respond to identified risks. The mission team also welcomes APRA’s close monitoring of lending standards and regular review of macroprudential policy settings and would reiterate its recommendation that the authorities consider preemptively expanding their toolkit to include additional borrower-based measures, such as Debt-to-Income and Loan-to-Value Ratio, to manage household indebtedness and ensure financial stability amidst the housing market pressures. While financial supervisory and regulatory reforms have been undertaken to enhance resilience, data gaps on Non-Bank Financial Institutions pose challenges to effective risk oversight, including its exposure to commercial real estate (CRE) sector.
    5. A holistic policy package is needed to address housing affordability issues. Australia faces a significant housing supply shortfall, exacerbated by structural challenges such as restrictive planning and zoning regulations, high land costs, infrastructure deficits, and residential dwelling investment around decade lows. These barriers, coupled with high interest rates, elevated building costs, and labor shortages, have led to a substantial backlog in housing development, contributing to escalating prices and affordability concerns. To address these issues, a comprehensive strategy is essential, focusing on increasing construction worker supply, relaxing zoning and planning restrictions, supporting the built-to-rent sector, expanding public and affordable housing, and reevaluating property taxes (including tax concessions to property investors) and stamp duty to promote efficient land use. At the same time, capital flow management (CFM) measures that discriminate between residents and nonresidents are not consistent with the Fund’s Institutional View and should be replaced by non-discriminatory measures.

    IV. Medium-Term Reform Priorities to Strengthen Economic Resilience

    1. Australia’s robust economic institutions and policy frameworks can be further enhanced to underpin stability and foster growth. The establishment of a new Monetary Policy Board and strengthened governance arrangements and decision-making processes, in line with international best practices, would bolster central bank operational autonomy and enhance monetary-fiscal policy synergies. Tax reforms should target system efficiency and fairness, reducing reliance on direct taxes and high capital costs that hinder growth. Tax breaks, including from capital gains tax discount and superannuation concessions, could be phased out to generate a more equitable and efficient tax system. Forthcoming environmental and demographic changes will put structural upwards pressures on government spending. Expenditure reforms should therefore aim to enhance spending efficiency and sustainability, emphasizing improved governance in infrastructure projects and strengthening intergovernmental collaboration. The aged care reforms and NDIS review represent positive forward steps. As long-term spending pressures rise, the authorities can consider bolstering their fiscal policy framework with clearer anchors.
    2. Efforts to rejuvenate Australia’s productivity growth, including through competition policy, should be prioritized, focusing on reforms across capital and labor markets. Initiatives grounded in the five pillar Productivity Agenda—emphasizing innovation, a level playing field for firms, and human capital enhancement—are crucial for resilient medium-term growth. Enhancing innovation through building intangible capital, promoting R&D, creating a supportive environment for swift adoption of technologies, supporting intellectual property rights, and ensuring policy certainty are vital. The work of the authorities to improve the competition landscape, including data-based assessments of the use and impact of worker restraints (non-compete clauses), and reforms of merger rules towards a risk-based system using notification thresholds, together with initiatives to support labor market efficiency including expanding access to quality early childhood education and enhancing skills development to align with market needs, are critical for bolstering productivity.
    3. The advent of AI technologies introduces both opportunities and challenges to the Australian labor market, necessitating proactive labor market policies. With a significant portion of occupations highly exposed to AI, reminiscent of other advanced economies, the focus should be given to public awareness programs, as well as ensuring appropriate access to training and upskilling for workers who may be affected. These measures, coupled with ongoing assessment and policy flexibility, should aim to maximize AI’s productivity benefits, while mitigating the risks of job displacement and worsening inequality. This approach underscores the importance of agility and adaptation in policymaking to keep pace with rapidly evolving technological advancements. Efforts at the country level, must be complemented by multilateral collaboration, to ensure safe and responsible AI use globally.
    4. Australia’s approach to climate change and the global transition presents a multifaceted challenge, balancing risks and opportunities. To ensure an orderly transition to a low-carbon economy, a balanced mix of mitigation and adaptation, combined with transition policies, is crucial. Progress towards ambitious emission reduction goals necessitates addressing construction bottlenecks and community engagement issues, and potential solutions include an economy-wide carbon price or targeted sectoral policies. The domestic and global transition toward renewable energy would likely impact jobs, exports, and revenues, particularly given Australia’s status as a leading coal exporter. Thus, adapting to climate risks and fostering resilience, particularly in the financial sector and vulnerable communities, is of paramount importance. At the same time, emerging opportunities in green metals, green hydrogen and critical minerals mining and processing could mitigate these risks.
    5. Australia’s continued efforts to support multilateral solutions are welcome, including the rules-based international trading system. In this respect, the “Future Made in Australia” program goal of supporting the green transition, should be balanced with efforts for a careful design of the program and keeping it narrowly targeted to where market solutions fall short due to the presence of externalities or other market imperfections. In this context, adherence to core market-based principles, that are essential to minimizing trade and investment distortions in line with WTO obligations, crowding in private investments, while supporting economic resilience and net-zero objectives, would be key. Finally, the mission team would like to commend Australia’s continued voluntary participation in the review of transnational aspects of corruption through which the country is sending a powerful positive signal, which, if followed by other advanced economies, will help address more systematically transnational aspects of corruption and deliver a better governance world.

    The IMF mission team would like to express its deep appreciation to the Australian authorities and other interlocutors for their close engagement and cooperation. Our unstinting gratitude particularly goes to the counterparts at the Treasury and the Reserve Bank of Australia for the substantial time and effort devoted to supporting our work. The team looks forward to maintaining this constructive engagement and policy dialogue.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Rahim Kanani

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/10/02/mcs-australia-staff-concluding-statement-of-the-2024-article-iv-mission

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