SochiТs Olympics have created a stir in the investment world Ч and indeed again came into focus after VancouverТs 2010 Games and the crowning of deputy Prime Minister Alexander Zhukov as head of the Olympic Committee earlier this year. But renewed ceremony cannot mask a mire of local construction problems in preparation for 2014.
The selection of Sochi for the Olympics several years ago kicked off a flurry of investment interest around the Black Sea resort city. As the crisis ebbs, there has been a renewed rise in Russian and foreign investment across the surrounding Krasnodar region.
RussiaТs real estate legislation has come a long way since the switch to a market economy in the early 1990s. But adding some further key amendments would make the market more stable and attractive to investors.
When people say to Dmitry Kalinin that they know about airports because they know about transport, he has to put them right: It is really to do with understanding real estate. SheremetyevoТs deputy director discussed with Alexander Teddy the Moscow state-controlled airportТs plans for expansion and the varied competition it faces.
Optimism and awareness over architectural preservation in Moscow have arguably grown since Soviet times. Yet there still remains an escalating standoff in parts of Moscow over the rights for protection of many buildings Ч and, by extension, of RussiaТs cultural heritage.