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News
October 8, 2026
HSE Experts Take Part in 23rd Annual Meeting of Valdai Discussion Club
The 23rd Annual Meeting of the Valdai Discussion Club was held from September 28 to October 1, 2026 under the theme ‘Responsibility for the Future: Limits of the Possible, or Limitless Possibilities?’ The forum brought together 120 experts from 40 countries, including representatives of China, the United States, India, Brazil, the United Kingdom, Germany, Egypt, Iran, and Japan.
October 7, 2026
‘Our Team Consists of True Leaders in Their Respective Academic Disciplines
The HSE International Centre of Decision Choice and Analysis studies a wide range of methods for analysing decision-making and possible scenarios for the development of natural, socio-economic, and political phenomena using various mathematical models. The application of advanced mathematical methods to forecasting helps to prevent negative outcomes and avoid erroneous decisions. The HSE News Service spoke to the centre’s director, Prof. Fuad Aleskerov, about its work.
October 6, 2026
International N5 Symposium ‘Neural Networks and Nonlinearity in Nizhny Novgorod Brings Together Scientists from Russia and Serbia
The International N5 Symposium ‘Neural Networks and Nonlinearity in Nizhny Novgorod’ was held at the Nizhny Novgorod House of Scientists from September 23 to 26. The event was organised by HSE University–Nizhny Novgorod and the Nizhny Novgorod House of Scientists, with the participation of Sberbank and the Institute of Physics Belgrade. The symposium was held for the second time: the first conference took place in 2025 and attracted considerable interest from the academic community.

 

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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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