How to occupy billion.
How to occupy billion.
On the past recently in Boston the Russian-American investment
Symposium the Moscow delegation has asked billion dollars. Investors
Promised to think. The correspondent "" which thus was present, has solved
To them to help.
On all signs left, that the Harward action is doomed on
Failure. Organizers of a forum invited to participate in him federal
Premiere Evgenie Primakov - the prime minister has refused. Have invited the first
Vice-premier Jury Masljukova - that like would agree, but has not arrived
"Because of non-flying weather". With a greeting to 500 participants of meeting has addressed
The second person in IMF Stenli Fisher - all have understood it so, that money of Russia
The IMF any more will not give. And if the vigorous mood of organizers of a forum still is possible
Was to explain somehow - delegates from Russia (about half of participants)
Have paid it on $5 thousand to Russians was from what to become despondent. But here
The capital delegation has taken the initiative.
"How?! You do not know Vladimir Petrovicha Yevtushenkov?".
The government of Moscow has made in advance everything to draw to itself attention
At the first summit after August, 17th of foreign investors. Preparation
The main authorised commercial structure of the mayoralty has begun with that
Moscow - joint-stock financial corporation "System" was included into number
Official organizers of the action. "System" provided, in
Particulars, carrying out of space bridges between participants of a forum and the VIP, which not
Could arrive.
In a lobby of the symposium organizers continually sufficed for
Buttons of potential investors and on a secret recommended to them
To talk over first of all with little-known while to business America the president
"Systems", whose surname was never mentioned by the American press in
Lists of the Russian businessmen-oligarchs who have lost trust:
-- How?! You do not know Vladimir Petrovicha Yevtushenkov? Same four
Billion dollars!
Organised Yevtushenkov's by "System" space bridges have played at a forum the important
Role. "Picture", it is necessary to recognise, there was enough a high quality -
The screen image welcoming delegates from far Moscow Jury
Luzhkov practically did not twitch. All it visually showed the high
Technological potential of "System" and its ability effectively to master
Any investments.
The most considerable representative of the Russian government at a forum
There was a first deputy minister of state property Alexander Braverman (with 20th
January - temporarily fulfilling duties of the minister), while Moscow
Key people - the head of "System" Vladimir Yevtushenkov and the first personified
The vice-premier of Moscow Vladimir Resin. Both have played the role excellent.
Yevtushenkov practically all time carried on negotiations with the potential
Investors, and Resin executed the main representation functions of the Russian
The parties.
To Vladimir Resin, instead of the same Alexander Bravermanu,
To the executive secretary of the CIS Boris Berezovsky or, for example,
With Samara governor Konstantin Titov under flashes of cameras has shaken hands
The congressman from the State of Massachusetts (where Boston is located) Joe Kennedy. Resin
Has handed over also a unique memorable gift to the head of World bank James
To Wolfensohn - plentifully illustrated smart volume "Fires of Moscow",
Published by the mayoralty to the 850 anniversary of the Russian capital.
"Billion is necessary!".
Certainly, the curator of a capital building complex has arrived to America
Not only for execution of representation functions. As well as other Russians,
Resin has arrived to the USA behind money, and rather solid - billion
Dollars.
The sum has surprised even the director of symposium Stefana ZHureka, which to
The forum beginnings in billion dollars estimated weigh its total
Investment potential. But, having listened to Resin, has corrected an estimation - to
Billion three hundred millions.
Officially about the future destiny of treasured billion representatives of the mayoralty
Have informed the following. It is necessary to Jury Luzhkov for development in Moscow the hypothecary
Buildings. At the majority of Muscovites - and apartments in Moscow are estimated,
As a rule, in a foreign currency - dollars never sufficed for
Purchases of new apartments. After a collapse of their rouble began not to suffice even more.
Therefore Moscow needs to pass urgently to world practice so-called
Hypothecary crediting.
The scheme essence is simple. You bring a part (on predesigns, 30 %)
Costs of apartment also are immediately installed, receiving, thus, 70 %
Living spaces on credit which then in rather small portions give
Within several years. Effectively to start the scheme from zero
In such big city as Moscow, that is to construct so a lot of new and
First the apartments not completely paid by tenants (under the mayoralty plans, ten
Thousand), billion dollars is just necessary.
Having heard, capital officials on building how much ask,
The correspondent it is direct on a symposium aaplet has made the simple
Arithmetic calculation. Also it was convinced: ten thousand apartments in new buildings -
Let even they will have a useful area of hundred square metres everyone and
The mayoralty as it is going to, will be possible manage each metre for $600 - do not stand
Billion dollars. And if to consider, that 30 % new settlers pay at once, these
Apartment and half billion does not stand. There is a suspicion, that at the mayoralty,
Except the mortgage, there are also other projects.
-- Is, of course, - has with astonishment answered a naive question a little
Vladimir Resin. - For example, reconstruction of hotels "Moscow" and "Russia".
However all is future questions. The most important thing now - the mortgage. All
The delegation of Moscow is engaged in this project. Billion is necessary!
Not recognising the answer convincing, the correspondent has addressed to less
To the participant of a symposium dependent on Jury Luzhkov - to Boris Nemtsov.
-- At all I do not know how to explain, - has reflected nemtsov. - The matter is that with
The discomfiture has happened the mortgage. Last year Muscovites here with a pomp have gone and
Have agreed about a certain project. Figures - hundred millions too were called
Dollars, billions dollars! All it has turned to two hundred certificates.
Which are not given out yet. Even.
-- And money promised has not come?
-- And money has not come.
-- And why? In the West the heap of money lays without business.
-- Precisely. Know, how much money at the Japanese private investors? Ten
Billions dollars! They are placed under a half-annual interest rate. And I once
Has told Hasimoto (Rjutaro Hasimoto, former prime minister Japonii.-):
Let's ask Japanese enclose 1 % of their money, that is already $100 mlrd, in
Russia under 1 % of the annual. Hasimoto laughed.
"Six hundred are three times on two hundred".
Allow, but if foreigners of money did not give to Luzhkov, means, Moscow to
This time somehow did without them. And habitation it turned out even too much.
It is enough to sweep by the car on the Moscow new buildings somewhere in
Mitino or Butovo to be amazed to a large quantity constructed and all
Yet not sold habitation. So sell it by instalments! For this any
Billion it is not required.
The correspondent has shared the bewilderment with one dealer of the Moscow
The real estate which too has arrived on a symposium. That has responded the mysterious
Phrase:
-- Six hundred are three times on two hundred.
Also has told such history. Once two hundred are a cost price
Square metre of habitation in Moscow, expressed in US dollars. Other time -
Expenses on development of a city infrastructure. The third - free
Square metre for municipal persons included in a waiting list. And until then while habitation in
To Moscow at the price of not less than $600 for metre it was stably bought up, all went
Normally. The gain was put at once in new building, and the companies,
Engaged in the real estate, - same "System", for example, - prospered.
However, separate economists still named one year ago this scheme "pyramid".
Rouble devaluation has killed demand for habitation on $600 for metre. The price, as
It is spoken, has definitively come off real economic base. On $600
Nobody wishes to take habitation even on superconcessionary terms. Besides, about
To instalments creditors do not wish to hear. After all in Moscow still exists
The residence permit and to move the faulty payer it is impossible. Means, that
To enter instalments, Jury Luzhkov should if to cancel, then
To limit residence permit system. That is to accept on the eve of elections very much
The unpopular political decision.
As a result today the price for habitation in Moscow is supported is artificial. But
Long so to proceed, certainly, cannot. Already at least because
Besides new buildings there is a free market of habitation, on which prices not
Depend directly neither on expenses of the mayoralty on a city, nor from requirements
Persons included in a waiting list. And if the prices have not failed till now, only because
Realtors do not want losses, and the mayoralty asks to suffer - suddenly Americans
Will give billion. It will suffice not only on the mortgage, but also on return of debts
To builders and creditors, moreover remains. For example, it will be possible to continue
Distribution to persons included in a waiting list of free habitation.
All is very popular economic decisions. To Luzhkov will be
(Builders are grateful for orders), creditors (for money), realtors (for
The high prices) and voters (for free habitation).
But time at the mayor has not enough. Realtors and creditors can suffer only till May
-- Otherwise will be ruined. And when the patience will burst, the prices will fail to $200-300, that
Will call into question even simple return of debts. It is no wonder, that the mayor
Is going to shortly to visit America.
"We have already carried on negotiations with" Mudisom "".
Whether Americans of money will give to Moscow? And it looking who and under what will be
To ask. Basically billion dollars "System" - could ask
For example, under the actives which as it is already told, are estimated approximately in
$4 billion But 30 % of actions of "System", according to, already and without that
Are supervised by foreigners, that is the credit for billion deprives the mayoralty and
Yevtushenkov of a control package. Besides for January, 1st, 1999 "System"
The credit rating has not been appropriated yet, and Americans to give the big money in
Such cases do not like.
Jury Luzhkov can receive money only. But hardly under prospect
To become the president - at a forum in Harward Americans continually repeated,
That their policy does not interest, and business interests only. How to receive
Money, if a credit rating of Moscow same, as at Russia as a whole, and IMF
Says, that Russia at present economic policy of money to give
It is impossible? Practice of the international rating agencies - is that
To appropriate to regions a rating not above, than at the country as a whole, because
The country as it is considered to be, - more reliable borrower.
The mayor of Moscow has decided to change this practice considerably.
-- We have already spent fruitful negotiations with "Mudisom" (Moody ` s, one of
Leaders rating agentstv. - - has informed on the Harward space bridge
Forum Luzhkov. - In 1999 Moscow will receive higher rating, than
Russia.
Luzhkov earlier often reproached that Moscow well lives because
zakachivaet to itself money of other regions. Now all can turn out
On the contrary. If Russia of money do not give, and to Moscow will be, something
Will come also to regions, - and the rating of the capital mayor will go upwards in all
To the country. The main thing that Americans have believed: Moscow of a default does not declare.
By the way, Americans can and believe. Vladimir Resin not without reason so
Vigorously pressed a hand to congressman Joe Kennedy. Americans remember and piously chtut
Everything, that is connected with this family. For it each detail of a life even is known
Widows John Kennedy - Jacqueline who has married the Greek later
Billionaire Aristotle Onassisa.
... Jacqueline has complained once to Aristotle that it, nachitavshis
Clever books on share business, has put up the money in the action of several
Like perspective American firms, but, to surprise,
Has burnt through.
-- How so? - The widow sincerely was perplexed.
-- The silly woman, - has scolded a beloved highly experienced magnat. - it was necessary to take
Municipal bonds of New York.
Notice: New York, instead of the United States.
ALEXANDER MALYUTIN.
Americans any more do not give money for a policy - only on business. Luzhkov
Offers business on billion.
//* an information Source: the Businessman (weekly journal), 26.01.99
//* Reg. Nom. - 1090100195.19-------------------------------------------
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