Tag Archives: economics

Liability insurance in Russia: a Hotel California for insurance companies

Can you imagine a company which actively tries to minimise number of clients buying its product or service? Before I read this article today, I thought such company cannot exist in this world. However, every passing day is a learning … Continue reading

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How globalism increases costs of territory annexion

We live in a world that is far more complicated than it was in 1950s. I don’t remember any significant territory of one country being annexed by another country since then. However, in 2014 it has happened with Ukrainian autonomous … Continue reading

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The right and the wrong way demanding fairness on your job

Today I learned that some coal mine workers went on strike demanding higher pay. They say that a few other coal mines are paying better salaries than their mine and they have had it enough, so they started a strike. … Continue reading

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Why currencies are getting cheaper or more expensive?

You might have already heard of a rapid fall (more than 6% in a couple weeks of January) of RUB currency value against all major currencies. This is not the worst thing you could hear from media, but what is … Continue reading

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Forced uneconomical lending is a central planning

Fantastic news, gentlemen! [RUS]: Russian state-operated institution called VEB (VneshEconom Bank) is calling for ~$6B for recapitalisation and now.  This institution is a nice banking cover for almost all our government-sponsored initiatives including Olympic games in Sochi 🙂 You can … Continue reading

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Two ways of developing something

How good guys do things Let’s imagine you’re a start-up guy, a young entrepreneur. You have an idea and you want to give it a chance. Let’s say it is an IT project that could change the way how people … Continue reading

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Olympic games: good and bad economics

It is 83 days before Winter Olympic games in Sochi are going to start. It is funny, I am not happy about that. As a Russian citizen I am supposed to be thrilled by the fact that my country is … Continue reading

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