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News
July 15, 2026
Economists Propose More Effective Approach to Reducing Smoking
Economists at HSE University have examined how smokers respond to changes in cigarette prices. When tobacco prices increase, cigarette consumption does not always decline. In fact, spending on tobacco may even rise: according to the researchers, a 1% decrease in cigarette affordability leads to a 0.28% increase in per capita tobacco expenditure. The findings suggest that to reduce smoking rates, tobacco prices must rise faster than household incomes. The study has been published in Voprosy Statistiki.
July 15, 2026
HSE MIEM Students to Develop Two Satellites from Scratch for Orbital Experiments
The devices, created by student teams, will conduct space research on the properties of promising solar cells, on-board energy storage systems, and serial electronics for student satellites.
July 13, 2026
Biologists Discover Unique Properties of MiR-93-5p MicroRNA in Prostate Cancer
Researchers at the International Laboratory of Microphysiological Systems of the HSE Faculty of Biology and Biotechnology investigated how different isoforms of the same microRNA influence gene function in prostate adenocarcinoma. The study found that in some cases, microRNAs can reinforce each other’s effects by targeting and suppressing the same genes. This finding offers a fresh perspective on the molecular mechanisms underlying tumour development and on the search for disease biomarkers. The results have been published in PeerJ.

 

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Проектное финансирование

M. : RUSCIENCE, 2025.

The textbook "Project Finance" is a guide to the study and practical application of project finance instruments. It covers a wide range of topics, from theoretical foundations to applied recommendations for solving specific problems in capital raising and risk management. It explores the nature and economic essence of project finance, comparing it with traditional bank lending and venture capital. It covers the historical development of project finance globally and its current status in Russia. It examines in detail the structure and composition of project finance participants, their roles, and interests. Key elements of project finance are highlighted: risk allocation, financing, risk management, and legal registration of transactions. Various sources of capital are examined, including equity and debt, as well as mezzanine financing, leasing, government participation, and collective financing. It presents methods for evaluating the effectiveness of project finance instruments. The book introduces readers to the main methods for evaluating the effectiveness of investment projects and provides recommendations for choosing an appropriate evaluation method depending on the specifics of the project. Particular attention is paid to the identification, classification, and management of risks in project finance. Various types of risks (construction, technological, financial, political, and others) are examined, and mechanisms for their mitigation are presented. Current issues of government participation in project finance, the practice of project finance in Russia, and current trends in the industry are presented. The book provides numerous examples from business practice, contains numerous diagrams and tables, and offers a glossary of project finance and a number of other interesting appendices.
This textbook is intended for undergraduate and graduate students, business school students, students of economics and finance departments, professors, and professionals in finance, economics, and law working in corporate finance and project finance.

Research target: Economics and Management
Language: Russian
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Keywords: проектное финансированиемезонинное финансированиеproject financemezzanine financestructured financeструктурное финансирование
Проектное финансирование
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Added: June 14, 2024
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