EBRD blog European Bank for Reconstruction and Development

Tag: Russia

EBRD wins two awards for gas flaring reduction projects

The Bank keeps looking for ways to turn major environmental problem into business opportunity for its clients.

As the EBRD has proved time and time again, “environmentally friendly” can and should mean “business-friendly”. Two EBRD projects were honoured for their strong impact on gas flaring reduction at the 10-year anniversary event of the World Bank’s Global Gas-Flaring Reduction (GGFR) partnership’s Forum in London.… Read more

October 26 / 2012

Russia: Lagging behind in waste management and recycling

Prepared by Zine Bachiri and edited by Alex Pivovarsky

Waste generation in Russia has followed suit with the increase in economic activity, rising disposable income and population’s changing lifestyles. While some countries have managed to delink economic growth from waste generation, in Russia increases in waste generation were 3 times faster than GDP growth between 2000 and 2007.… Read more

Paralympics: EBRD region performs beyond expectations

Paralympic road cyclist at Brands HatchEBRD countries of operations won 118 gold medals at the London 2012 Paralympic Games. A very strong performance indeed! Russia came in second place overall with 36 golds. Ukraine, Poland and Tunisia did particularly well, picking 32, 14 and 9 gold medals respectively (Chart 1).… Read more

Employment concentration and resource allocation: one-company towns in Russia

One-company towns, towns where a single company accounts for a significant share of total employment and shapes the livelihoods of the people, are often associated with centrally planned economies.
But in fact they were common elsewhere. One-company towns had grown up in the USA towards the end of the 19th century, particularly in the industrial areas of the Mid-West, and at their peak were over 2,500 in number, accounting for up to 3% of the US population.
In the UK, the Cadbury company town of Bourneville and Lord Lever’s Port Sunlight were the best known examples.
A recent EBRD working paper takes a closer look at the phenomenon of one-company towns in Russia and comparative performance of enterprises located there by matching data on performance of Russian firms with the latest Census data on distribution of population.

Riding Russian rail: the 12.56 to Sergiev Posad

Students of Russian and Soviet history quickly learn the pivotal role that the railroads have played in the country’s economic development. In czarist times, it was the construction of the mammoth Trans-Siberian Railroad which opened up the Russian Far East, much as the completion of the transcontinental railroad had opened up the American West a few decades before.… Read more

"Cast your mind back to another world"

As we reach the 20th anniversary of the fall of communism, Larry Sherwin reflects on the events of 1989

It was Russian business executive Alexei Mordashov who put it succinctly, jarring my own memory of the bad old days. At the Bank’s 2007 Business Forum in Kazan, he reminded the audience just how much had changed in Russia in a mere 20 years as he recounted the story of a young “comrade teacher” who had come up to him at his university in 1988.… Read more