Category: Moscow

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Financial news: The Bank of Russia has published a ranking of insurers based on complaints about compulsory motor third-party liability insurance for 2024

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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Results presented in two tables: insurers with a client base of more than 2 million OSAGO contracts and small companies that do not exceed this threshold. This breakdown will help car owners compare companies of the same size.

The ranking is based on statistics of complaints to the Bank of Russia on MTPL issues for 2024, for which consumer rights violations were confirmed and supervisory measures were taken. Companies are distributed by the level of the consumer risk indicator — from highest to lowest. It is calculated as the ratio of the number of complaints about a specific insurer to every 10 thousand contracts concluded by it. Insurance companies that received only one complaint are not included in the ranking.

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Financial news: Prospects for the development of the retail mutual fund market: report of the Bank of Russia

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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The Bank of Russia has analyzed and summarized the accumulated law enforcement practice in the retail mutual investment fund (MIF) market, international experience, as well as initiatives of market participants, and proposes to discuss possible directions for the development of this segment.

One of the development vectors may be the expansion of investment opportunities for retail funds. It is proposed to increase the list of non-traded securities in which they can invest, but to set a limit. Digital financial assets may also appear in the list of objects available for mutual funds for investment. This will require creating a legal framework, as well as developing a procedure for separating and storing such assets. But retail funds will not be able to start investing in them immediately, but over time.

Market participants also proposed creating opportunities for the emergence of funds with increased financial leverage in Russia. These are borrowed funds or derivative financial instruments that the fund additionally uses to generate profit. Currently, the amount of financial leverage that a mutual fund for non-qualified investors can take on is limited to 20% of the fund's net asset value (with the possibility of deviation up to 40% as a result of market factors). The Bank of Russia believes that increasing the leverage entails increased risks and requires additional investor protection measures.

The idea of creating a fund of funds also requires a comprehensive assessment. Currently, in Russia, a management company cannot acquire investment units of one mutual fund under its management as part of the assets of another mutual fund under its management. However, in international practice, there are master-feeder fund structures – this is the name for a central fund consisting of assets collected from other funds under its management. The regulator proposes to discuss the prospects for using such structures in Russia, as well as the problems that they will help solve in the collective investment market.

In addition, the report considers proposals to speed up operations with units. Currently, the procedures for issuing, redeeming and exchanging investment units of open-end mutual funds, as a rule, take place within 1 to 4 business days from the moment the client provides all the necessary documents and makes the payment. It is proposed to consider the possibility of reducing this period so that operations are carried out in T 0 mode.

More about possible scenarios for the development of retail mutual fundsread in the report. Answers to questions presented in the material, comments and suggestions to it can be sent up to and including September 1.

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Financial news: Optimization of issuers' reporting: proposals from the Bank of Russia.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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The Bank of Russia plans to improve the quality of issuers’ reporting, increase its value and ensure greater demand. Your suggestions the regulator puts it up for public discussion.

First of all, it is proposed to eliminate duplication of information. Currently, issuers are required to publish reports on their activities twice a year – at the end of 6 and 12 months. Moreover, these documents have static sections where there is no promptly updated information, for example, a section on corporate governance. It is advisable to disclose such information in the annual report – a key tool for communicating with investors. Moreover, the regulator considers it necessary to standardize this document: it will have mandatory chapters that the issuer will be able to structure at its own discretion. Currently, there are no strict requirements for its composition – it is important that it simply exists.

The Bank of Russia also proposes to eliminate the time lag between the publication of consolidated financial statements and the issuer's report, which explains the reasons for achieving such results. According to the regulator, these documents should be disclosed simultaneously so that the market has up-to-date information on the company's activities.

One of the important initiatives is the transition from manual preparation of reports to electronic formats. The use of machine-readable forms will reduce the time for processing and analyzing data, which will help investors make investment decisions based on high-quality information.

The discussion of the Bank of Russia's initiatives will last until August 1, 2025 inclusive.

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GUU expands cooperation with Delovaya Rossiya

Translation. Region: Russian Federal

Source: Official website of the State –

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Rector of the State University of Management Vladimir Stroyev and Vice-Rector Dmitry Bryukhanov held a working meeting with the Deputy Chairman, Head of the Executive Committee of the All-Russian Public Organization "Business Russia" Nonna Kagramanyan.

The meeting discussed a wide range of issues of cooperation between the State University of Management and Delovaya Rossiya, including holding events aimed at developing entrepreneurial competencies among students and students of additional education programs, developing joint educational and expert activities, and developing a business education system.

One of the key areas is cooperation within the framework of the implementation of MBA programs – creation of joint programs, their examination for compliance with market trends, involvement of experts from Delovaya Rossiya, and consulting of program students.

The Basic Department of "Business Russia" operates on the basis of the Higher School of Business and Technology of the State University of Management, which coordinates joint projects and provides scientific and methodological support in the field of entrepreneurship and business development management.

"Delovaya Rossiya", founded in 2001, unites more than 10 thousand businessmen of our country. The total number of employees at the enterprises of "Delovaya Rossiya" is more than 4.5 million people, and the total annual revenue of the enterprises exceeds 10 trillion rubles. More than 700 members of the organization are included in public councils of government bodies, working groups of state councils and national projects.

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HSE took part in the BRICS summit

Translation. Region: Russian Federal

Source: State University “Higher School of Economics” –

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We use cookies to improve the HSE website and make it more convenient to use. More detailed information about the use of cookies can be foundHere, our rules for processing personal data are –Here. By continuing to use the site, you confirm that you have been informed of the use of cookies by the HSE website and agree with our rules for processing personal data. You can disable cookies in your browser settings.

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Financial news: Insurance license revoked from SK KHATKHOR LLC (10.07.2025)

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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By order No. OD-1469 dated 10.07.2025, the Bank of Russia revoked the license dated 28.12.2023 OS No. 4404-03 for the implementation of compulsory motor third party liability insurance (MTPL) of the limited liability company INSURANCE COMPANY HATHOR (registration number according to the unified state register of insurance entities 4404, hereinafter referred to as SK HATHOR LLC).

The Bank of Russia made this decision on the basis of subparagraph 3 of paragraph 2 of Article 32.8 of Law No. 4015-1 of the Law of the Russian Federation of 27.11.1992 “On the Organization of Insurance Business in the Russian Federation” (hereinafter referred to as Law No. 4015-1), guided by the fact that SK KHATKHOR LLC:

violated the minimum permissible value of the standard ratio of own funds (capital) and accepted liabilities established by the Bank of Russia in accordance with paragraph 4.1 of Article 25 of Law No. 4015-1, which creates a threat to the rights and legitimate interests of policyholders, insured persons, and beneficiaries. In order to comply with the requirements of the financial stability of the insurer, the minimum permissible value of the standard ratio is 1. The value of the standard ratio of SK KHATKHOR LLC has been steadily decreasing in 2025 from 0.75 on 31.01.2025 to 0.31 on 31.05.2025; previously violated the requirements of insurance legislation, in connection with which the Bank of Russia applied to it for one year the measures provided for in the third paragraph of subparagraph 2 of paragraph 2 of Article 32.5-1 of Law No. 4015-1.

The decision came into force on the day of its adoption.

By order of the Bank of Russia dated 10.07.2025 No. OD-1470, a temporary administration of SK KHATKHOR LLC was appointed from 10.07.2025 for a period of six months.

The functions of the temporary administration are assigned to the State Corporation “Deposit Insurance Agency”, which exercises the powers of the executive bodies of LLC “SK “KHATKHOR”, identifies creditors of LLC “SK “KHATKHOR” and maintains a list of submitted claims.

After the revocation of the license of SK KHATKHOR LLC, the MTPL contracts continue to be valid until their expiration.

Compensation payments for damage caused to the life, health or property of the victim under the OSAGO contracts of LLC "SK "KHATKHOR" will be carried out by the Russian Union of Auto Insurers (RSA). Information on the implementation of compensation payments can be found on the official website of the RSABBV. Autoins.ru, section "Compensation payments".

In connection with the revocation of the license of LLC "SK "KHATKHOR", policyholders have the right to terminate the MTPL agreement early. In this case, the policyholder must be returned a portion of the insurance premium minus the costs of implementing MTPL and deductions to the reserve for compensation payments, in the amount of the share attributable to the unexpired term of the agreement or the unexpired period of use of the vehicle.

For early termination of the MTPL agreement, as well as other issues related to the activities of LLC "SK "KHATKHOR", please contact the following address: 283001, Donetsk People's Republic, Donetsk city district, Donetsk city, Ilyicha ave., 3.

When using the material, a link to the Press Service of the Bank of Russia is required.

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The Caucasus Investment Forum 2026 will be held from May 17 to 19 in Mineralnye Vody.

Translation. Region: Russian Federal

Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

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Deputy Prime Minister of the Russian Federation Alexander Novak, who oversees the North Caucasus Federal District, held the first meeting of the Organizing Committee for the preparation and holding of the Caucasus Investment Forum in 2026.

The event was attended by representatives of federal authorities, heads of regions that are part of the North Caucasus Federal District, top managers of the largest state corporations, members of business associations and public organizations, representatives of industry communities. According to the decision of the Organizing Committee for the preparation and holding of KIF-2026, next year the Forum will be held from 17 to 19 May in Mineralnye Vody at the MinvodyEXPO IEC.

The Caucasus Investment Forum is held in order to increase the investment potential of the North Caucasus Federal District and in the interests of its sustainable socio-economic development.

Opening the meeting, Deputy Prime Minister of the Russian Federation Alexander Novak thanked the organizers, members of the Organizing Committee, representatives of departments and companies that took part in organizing the Caucasus Investment Forum in 2025, noted the high assessment of the past event by the country's leadership, the high-quality composition of the participants, including foreign ones. "The Caucasus Investment Forum 2025 in Mineralnye Vody was an important step forward – both in terms of organization and content. We were able to exceed the bar of last year, and this is the result of the teamwork of all participants. I thank the Organizing Committee, the Government of the Stavropol Territory and the Ministry of Economic Development of Russia for their contribution to the preparation of the Forum. Special thanks to the Roscongress Foundation, the team and partners – your support made the Forum meaningful and large-scale. The Vershina Award showed an increase in investor interest in the region – 266 applications from 49 regions. I consider it important to continue holding it in 2026. The youth program covered key areas – IT, science, entrepreneurship, tourism. This confirms that the Caucasus has a strong human resource. Today we are already starting preparations for KIF-2026 in order to hold it even more effectively," noted Alexander Novak.

Adviser to the President of the Russian Federation, Executive Secretary of the Organizing Committee of the Caucasus Investment Forum Anton Kobyakov noted that the North Caucasus is a promising region with many growth points. "Among the areas of active development of the regions of the district are tourism, agriculture, employment. Systematic work on the infrastructure development of the North Caucasus continues. Holding the Caucasus Investment Forum opens up broad opportunities for cooperation between the North Caucasus Federal District and other regions of Russia, including in terms of attracting new economic partners and expanding prospects for the development of industrial and agricultural production, as well as strengthening the region's position in the tourism market."

The business program of KIF-2026 will be attended by heads of government bodies, representatives of Russian and international companies, mass media, youth and scientific communities. The forum will become a platform for negotiations and conclusion of business contracts for the purpose of developing investment projects and public-private partnerships in Russian regions.

The business program in 2026 will place special emphasis on expanding international economic cooperation, primarily with the countries of the Azov-Black Sea and Caspian basins. It is planned that representatives of these states will actively participate in the forum, which will open up new opportunities for creating international transport and logistics routes and implementing joint investment projects in such areas as mining, ecology and cultural interaction.

The organizer of the KIF is the Roscongress Foundation with the support of the Ministry of Economic Development of the Russian Federation.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of national and international congress, exhibition, business, public, youth, sporting, and cultural events, created in accordance with the decision of the President of the Russian Federation.

The Foundation was established in 2007 with the aim of promoting the development of economic potential, advancing national interests and strengthening the image of Russia. The Foundation comprehensively studies, analyzes, forms and covers issues of the Russian and global economic agenda. Provides administration and facilitates the promotion of business projects and attracting investments, promotes the development of social entrepreneurship and charitable projects.

The Foundation's events bring together participants from 209 countries and territories, more than 15,000 media representatives work annually at Roscongress venues, and more than 5,000 experts in Russia and abroad are involved in analytical and expert work.

The Foundation interacts with UN structures and other international organizations. It develops multi-format cooperation with 226 foreign economic partners, associations of industrialists and entrepreneurs, financial, trade and business associations in 89 countries of the world, with 358 Russian public organizations, federal and regional executive and legislative bodies of the Russian Federation.

Official Telegram channels of the Roscongress Foundation: in Russian — t. me/Roscongress, in English — t. me/RoscongressDirect, in Spanish — t. me/RoscongressEsp, in Arabic — t. me/RosCongressArabic. Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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Free education at HSE for SVO participants and their close relatives

Translation. Region: Russian Federal

Source: State University “Higher School of Economics” –

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We use cookies to improve the HSE website and make it more convenient to use. More detailed information about the use of cookies can be foundHere, our rules for processing personal data are –Here. By continuing to use the site, you confirm that you have been informed of the use of cookies by the HSE website and agree with our rules for processing personal data. You can disable cookies in your browser settings.

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Career Trajectory "Intern": Polytechnic University Raises New Generation of Teachers

Translation. Region: Russian Federal

Source: Peter the Great St. Petersburg Polytechnic University –

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60 young teachers — representatives of all 12 SPbPU institutes — have become graduates of the retraining program "Pedagogical Start". The program is a mandatory part of the career trajectory "Intern", intended for master's students and final-year specialists, as well as postgraduate students planning their professional career as a teacher or researcher.

The program participants successfully defended their final theses and received diplomas of professional retraining. Many of them will continue their teaching activities in the new academic year as assistants.

"The career trajectory "Intern" was launched for the first time at the Polytechnic University this academic year as part of the implementation of the policy in the field of forming career trajectories for the professional development of teaching staff from among the faculty," said Lyudmila Pankova, Vice-Rector for Educational Activities at SPbPU. "Graduates of the "Pedagogical Start" program are our successor, who will help current teachers transform the university's educational programs to achieve technological leadership in our country."

The professional retraining program "Pedagogical Start" included a large block of theoretical training, allowing to master modern educational technologies, regulatory foundations of pedagogical activity, methods of working in the digital environment of SPbPU, as well as pedagogical internship under the guidance of mentors – leading teachers of higher schools and departments of the university.

The pedagogical internship became the core of the entire retraining program, allowing the interns, on the one hand, to adopt the experience of the best teachers in the relevant professional field, and on the other hand, to apply all the theoretical knowledge they had acquired in practice, trying themselves out as teachers, noted Elena Zima, Director of the SPbPU Education Quality Center and Head of the Pedagogical Start program.

During the defense of their final theses, the interns presented their experience of implementing the chosen teaching method and the developed fragment of the online course in the electronic information and educational environment of the Polytechnic. It is especially valuable and worthy of respect that the newly-minted teachers mastered the program in parallel with the preparation of diplomas in the main educational programs.

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HSE scientists have discovered how disruptions in brain networks affect cognitive and social behavior in autism

Translation. Region: Russian Federal

Source: State University “Higher School of Economics” –

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