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PIK Group
PIK, officially Public Joint Stock Company «PIK-specialized homebuilder» (), is a leading european homebuilder and construction company headquartered in Moscow. Being the largest housing developer in Russia and Europe, PIK specializes in construction and sale of comfort-class housing mainly in the segment of industrial housing construction. Since its establishment in 1994 PIK has built more than 30 million m2 of housing, providing apartments for more than 2 million people. The company operates in 15 regions of Russia, with a focus on Moscow and the Moscow region. The company tops the rating of the largest developers in Russia as of September 1, 2022. History Pervaya Ipotechnaya Kompaniya (PIK), subsequently renamed "PIK", was founded in 1994 by Yuri Zhukov and Kirill Pisarev. In 2001, to expand its real estate development activities, PIK acquired Housebuilding Combine No.2 (DSK-2). DSK-2 is the third biggest housebuilding enterprise in Moscow, handing over more than 4.8 ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Tula Region
Tula Oblast (russian: Ту́льская о́бласть, ''Tulskaya oblast'') is a federal subject (an oblast) of Russia. It is geographically in the European Russia region of the country and is part of the Central Federal District, covering an area of and a population of 1,553,925 (2010). Tula is the largest city and the capital of Tula Oblast. Tula Oblast borders Moscow Oblast in the north, Ryazan Oblast in the east, Lipetsk Oblast in the southeast, Oryol Oblast in the southwest, and Kaluga Oblast in the west. Tula Oblast is one of the most developed and urbanized territories in Russia, and the majority of the territory forms the Tula- Novomoskovsk Agglomeration, an urban area with a population of over 1 million. History The Tula Oblast area has been inhabited since the Stone Age, as shown by discoveries of burial mounds (kurgans) and old settlements. By the eighth century, these lands were occupied by the Vyatichi, an East Slavic tribe who cultivated the land, traded, ...
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Plattenbau
(plural: , german: Platte + Bau, lit=panel/slab' + 'building/ construction) is a building constructed of large, prefabrication, prefabricated concrete slabs. The word is a compound of (in this context: panel) and (building). Such buildings are often found in housing development areas. Although are often considered to be typical of East Germany, the prefabricated construction method was used extensively in West Germany and elsewhere, particularly in public housing (see tower block). In English the building method is also called large panel system-building, shortened "LPS". History Prefabrication was pioneered in the Netherlands following World War I, based on construction methods developed in the United States. The first German use of plattenbau construction is what is now known as the ''Splanemann-Siedlung'' in Berlin's Lichtenberg district, constructed in 1926–1930. These two- and three-storey apartment houses were assembled of locally cast slabs, inspired by the Dutch ...
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Naro-Fominsk
Naro-Fominsk (russian: На́ро-Фоми́нск) is a town and the administrative center of Naro-Fominsky District in Moscow Oblast, Russia, located on the Nara River, southwest from Moscow. Population: History The Fominskoye village was first mentioned in chronicles in 1339, while it was under the rule of Ivan Kalita. Napoleon's Grande Armée passed through Fominskoye on its retreat from Moscow in 1812. The modern Naro-Fominsk was established as an urban-type settlement as a result of the merger of the villages of Fominskoye, Malaya Nara and Malkovo in 1925. Town status was granted to it in 1926. The town was severely damaged during World War II after Nazi Germany forces destroyed 687 buildings and a textile factory during the Battle of Moscow in 1941. Western part of Naro-Fominsk was occupied from October 21 to December 26, 1941. Naro-Fominsk was liberated by the 33rd army under the command Mikhail Grigoryevich Yefremov. Naro-Fominsk silk factory was the first in the ...
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Ведомости
''Vedomosti'' ( rus, Ведомости, p=ˈvʲedəməsʲtʲɪ, ) is a Russian-language business daily newspaper published in Moscow. History ''Vedomosti'' was founded in 1999 as a joint venture between Dow Jones, who publishes ''The Wall Street Journal''; Pearson, who previously published the ''Financial Times''; and Independent Media, who publishes ''The Moscow Times''. Independent Media was acquired by Finnish media company Sanoma in 2005. Leonid Bereshidsky was the first chief editor, till he entered INSEAD business school in 2002 and was replaced by Tatiana Lysova. From 2007 till 2010, Elizaveta Osetinskaja served as chief editor. In 2010 she became chief editor of the online version of the newspaper. She was replaced by former chief editor Tatiana Lysova. Sanoma sold its stake in the paper to , former chief executive of ''Kommersant'', in April 2015. Ahead of a new Russian media ownership law prohibiting foreign enterprises from owning more than 20% of Russian media c ...
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Sergey Gordeev
Sergei Gordeev (russian: Серге́й Эдуа́рдович Горде́ев, born 22 November 1972) is a Russian billionaire businessman, and the main shareholder and former CEO of PIK Group, a Russian real estate firm. His net worth was estimated at US$8 billion in 2021. Lives in Moscow. Career Early career In 1995, Gordeev founded the company "Rosbuilding", which he led until March 1998. Rosbuilding focused on repurposing and restructuring of industrial enterprises, construction sites, retail venues and department stores. In 2006, Rosbuilding's shareholders agreed to close down the company and terminate its business activities. Rosbuilding was disbanded and liquidated. In 2007, Gordeev founded the Horus Capital property development company, specialising in the construction and redevelopment of office and residential buildings. The company's portfolio included 15 sites with a total area of over 550 thousand square meters. In 2010, Gordeev sold Horus-Capital to O1 Properti ...
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Mikail Shishkhanov
Mikail O. Shishkhanov (Russian: Микаил Османович Шишханов) is a Russian businessman and financier. He was the main shareholder of Russian Binbank between 2017. At that time he had was worth $2.3 billion and took 44th place in the Russian ranking of Forbes magazine. In September 2017, the Russian central bank compulsory took over Binbank, resulting in Shishkhanov losing the bank and all his assets. On July 3, 2023, the Arbitration Court of the Moscow Region declared him bankrupt. He was charged with a debt of 853 billion rubles. The court ordered the selling Shishkhanov's remaining property to cover the debt. Early life and education Mikail Shishkhanov was born on August 6, 1972, in Grozny (capital city of the Chechen Republic, Russia). In 1995 he graduated from Patrice Lumumba Peoples' Friendship University of Russia with a master's degree in economics and law and in 2000. Shishkhanov became a Doctor of Economics, a Ph.D. in law, and Associate Membe ...
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Alexander Mamut
Alexander Leonidovich Mamut also spelled Aleksandr, (russian: Алекса́ндр Леони́дович Маму́т; born 29 January 1960, Moscow) is a Russian billionaire lawyer, banker and investor. Used to be (until 2020) a co-owner of Rambler Group. An Israeli citizen In June 2022, ''Forbes'' estimated Mamut's net worth at $2 billion. Early life and education Alexander Mamut was born on 29 January 1960. His father is Leonid Solomonovich Mamut, a lawyer and one of the authors of the Russian Constitution. His mother, Cicilia Ludwigovna, is a defense attorney. In 1977, Mamut graduated from Moscow gymnasium #17. He studied law at Moscow State University, graduating in 1982. Career Mamut began his career as a legal advisor at a printing house. In 1990, together with Andrey Gloriozonov, Mamut founded "Business and Cooperation” Bank, that was renamed in 1991 into . The bank was founded to service companies in the field of fuel and energy. Its biggest clients were Gazprom an ...
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Credit Rating
A credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government), predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaulting. The credit rating represents an evaluation of a credit rating agency of the qualitative and quantitative information for the prospective debtor, including information provided by the prospective debtor and other non-public information obtained by the credit rating agency's analysts. Credit reporting (or credit score) – is a subset of credit rating – it is a numeric evaluation of an ''individual's'' credit worthiness, which is done by a credit bureau or consumer credit reporting agency. Sovereign credit ratings A sovereign credit rating is the credit rating of a sovereign entity, such as a national government. The sovereign credit rating indicates the risk level of the investing environment of a country and is used by investors whe ...
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Standard & Poor's
S&P Global Ratings (previously Standard & Poor's and informally known as S&P) is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is considered the largest of the Big Three credit-rating agencies, which also include Moody's Investors Service and Fitch Ratings. Its head office is located on 55 Water Street in Lower Manhattan, New York City. History The company traces its history back to 1860, with the publication by Henry Varnum Poor of ''History of Railroads and Canals in the United States''. This book compiled comprehensive information about the financial and operational state of U.S. railroad companies. In 1868, Henry Varnum Poor established H.V. and H.W. Poor Co. with his son, Henry William Poor, and published two annually updated hardback guidebooks, ''Poor's Manual of the Railroads of the United States'' and ''Poor's Directory of Railway Officials''. In 1906, Lu ...
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Suleyman Kerimov
Suleyman Abusaidovich Kerimov (russian: Сулейма́н Абусаи́дович Кери́мов, p=sʊlʲɪjˈman ɐbʊsɐˈidəvʲɪtɕ kʲɪˈrʲiməf; lez, Керимрин Абусаидан хва Сулейман; born 12 March 1966) is a Russia-based billionaire, oligarch, and politician of Lezgian origin. Kerimov has close ties to Vladimir Putin's government in Russia, as well as Ramzan Kadyrov, the Chechen leader. He entered politics in the 1990s. By 1999, he won control of Nafta Moskva, a former state-oil trader. In the 2000s, Kerimov obtained billions of dollars in loans from big Russian state-owned banks, such as Sberbank and VTB. Through these loans, he became a major stakeholder in Gazprom and Uralkali, as well as Sberbank. By 2008, his fortune had risen to $21 billion, and by 2022, it had decreased to $11 billion. Since 2008, Kerimov has represented the Republic of Dagestan in the Federation Council of Russia. In April 2018, he was placed under sa ...
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Great Recession
The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. One result was a serious disruption of normal international relations. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system, along with a series of triggering events that began with the bursting of the United States housing bubble in 2005–2012. When housing prices fell and homeowners began to abandon their mortgages, the value of mortgage-backed securities held by investment banks declined in 2007–2008, causing several to collapse or be bailed out in September 2008. This 2007–2008 phase was called the subprime mortgage crisis. ...
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