Kyiv's gas strategy: closer cooperation with Gazprom or a genuine diversification. OSW Commentary No. 110, 2013-07-16

In recent months Kyiv has been intensifying its efforts to diversify Ukraine’s gas supply routes with a view to reducing the country’s dependence on imports from Russia. One of the steps which Kyiv has taken has been to make the unprecedented decision to start importing gas from its Western neighbours. In November 2012, Ukraine’s state-owned Naftogaz began importing gas through Poland under a two-month contract with RWE (the imports continued into 2013 under a separate deal), while in the spring of 2013 Ukraine started importing gas from Hungary. Kyiv is also currently looking into the possibility of purchasing gas from Slovakia. Furthermore, since 2010 the Ukrainian government has been working on the construction of an LNG terminal near Odesa. The authorities have declared that this will allow Ukraine to import up to 5 billion m3 of LNG a year by 2015. The government has also taken measures to increase domestic production, including from non-traditional sources, and it plans to replace gas-based with coal-based technologies in local power stations. Finally, in January 2013, the government signed a 50-year production sharing agreement with Shell. This paves the way for the development of Ukraine’s shale gas deposits.

The invisible hand... of the Kremlin. Capitalism 'a la russe'. OSW Point of View, February 2007

This study describes the two main economic processes observed in Russia during President Vladimir Putin's second term; renationalisation, and the concentration of economic assets. As a result of these processes, the share of state-owned property has increased and the position of the state in the economy has strengthened. According to the authorities, the wide-range renationalisation of the assets and the construction of superholdings based on the state enterprises are intended to boost Russia's potential and stimulate the development of the whole economy. However, in practice the current ruling elite are using these superholdings to strengthen Russia's position on the international arena and to promote their vested interests.

Natural resources on the Russian continental shelf: Foreign investors sought... on Russian terms. OSW Commentary No. 76, 2012-05-09

In recent weeks, Rosneft, a Russian state-owned oil company, has signed co-operation agreements with three Western corporations: America’s ExxonMobil, Italy’s Eni, and Norway’s Statoil. In exchange for access to Russian oil fields on the continental shelf as minority shareholders, these Western investors will finance and carry out exploration there. They will also offer to Rosnieft technology transfer, staff exchange and the purchase of shares in their assets outside Russia (for example in the North Sea or in South America). Rosneft’s deals with Western energy companies prove that the Russian government is resuming the policy of a controlled opening-up of the Russian energy sectors to foreign investors which it initiated in 2006. So far, investors have been given access to the Russian electric energy sector and some onshore gas fields. The agreements which have been signed so far also allow them to work on the Russian continental shelf. This process is being closely supervised by the Russian government, which has enabled the Kremlin to maintain full control of this sector. The primary goal of this policy is to attract modern technologies and capital to Russia and to gain access to foreign assets since this will help Russian corporations to reinforce their positions in international markets. The signing of the above agreements does not guarantee that production will commence. These are a high-risk projects. It remains uncertain whether crude can be extracted from those fields and whether its development will be cost-effective. According to estimates, the Russian Arctic shelf holds approximately 113 billion tonnes of hydrocarbons. The development of these fields, including building any necessary infrastructure, may consume over US$500 billion within 30 years. Furthermore, the legal regulations currently in force in Russia do not guarantee that foreign investors will have a share in the output from these fields. Without foreign support, Russian companies are unlikely to cope with such technologically complicated and extremely expensive investments. In the most optimistic scenario, the oil production in the Russian Arctic may commence in fifteen to twenty years at the earliest.

Russia in Crisis: Year One. OSW Report, January 2010

Economic conditions which had favoured Russia’s development suddenly changed in mid-2008. The Russian economy was hit, on the one hand, by a drastic slump in oil prices (which fell from nearly US$150 to US$50 between July 2008 and January 2009), and on the other by the outflow of investors (a net of US$130 billion of capital left Russia in the fourth quarter of 2008). Within several months, the financial crisis became an economic crisis affecting the entire economy. The financial reserves accumulated in times of prosperity (more than US$162 billion in the stabilisation funds and nearly US$598 billion in the currency and gold reserve) alleviated the negative impact of the crisis, although this failed to prevent the deep declines in macroeconomic indicators. Russia is one of the states most severely affected by the crisis. In the first half of 2009, its GDP fell by 10.4% compared to the same period in the previous year, while industrial production dropped by nearly 15%, and a decrease in investments of over 18% was reported. The poor economic performance has strongly affected the Russian budget, which reported a deficit for the first time in ten years in 2009. During the first year of the crisis (August 2008 – September 2009), Russia’s financial reserves were seriously reduced as a result of the government’s anti-crisis policy and interventions from the central bank: the reserve fund decreased by nearly 45% to US$76 billion, and the central bank’s reserves shrunk by nearly US$200 billion to US$409 billion. Meanwhile, however, the money in the National Welfare Fund, which had been intended almost entirely to subsidise the Pensions Fund between 2010 and 2015, rose almost three-fold (to US$90 billion). According to government forecasts, the money from the reserve fund is also supposed to be spent fully in 2010. The financial crisis has triggered a dynamic outflow of capital from the Russian market. So-called speculative capital was the first to demonstrate the lack of confidence in the Russian market. In the first half of 2009, the growth rate of long-term investments also decreased noticeably, although no spectacular withdrawal of direct investments from Russia has been observed. The economic crisis has also halted the foreign expansion of Russian private capital, while state-owned capital strengthened its position as an investor. Russia’s raw materials companies continue to be the main category of foreign investors; however, new technologies are gaining prominence as the second main direction of Russian investments.

Agricultural Land Markets and Land Leasing in the Former Yugoslav Republic of Macedonia. Factor Markets Working Paper No. 11, February 2012

The aim of this Factor Markets Working Paper is to identify the driving forces that shape agricultural land structures, land market and land leasing in the Former Yugoslav Republic of Macedonia (FYROM). Institutional developments and land reforms have so far been modest in the FYROM, and have not contributed to significant changes in agricultural ownership, operational structures, or land market and land leasing arrangements. Land ownership and land use are bimodal, consisting of several small-scale family farms and a few large-scale agricultural enterprises. The small family farms own and operate land on several small parcels, which is one of the major obstacles to the modernisation of family farm production. A considerable portion of the land is uncultivated, which affects land market and land leasing values. Due to underdeveloped institutional frameworks and market institutions in support of small-scale farms, a large proportion of state-owned land is rented by agricultural enterprises.

Reform #1. Why Ukraine has to reform its gas sector. OSW COMMENTARY NUMBER 181/01.09.2015

In April 2015, the Ukrainian parliament passed a long-awaited law on the gas sector which paves the way for the extremely difficult process of reforming and de-monopolising the Ukrainian gas sector. The law will come into force on 1 October 2015 and involves the break-up of the state-owned company Naftogaz, the current monopolist, and the gradual creation of a competitive gas market in line with the so-called Third Energy Package. At the same time, a threefold increase in the price of gas paid by individual customers and the public sector was introduced. The price had been subsidised for years and no previous government had ever decided to raise it.

Educación y obra pública durante el primer peronismo : La construcción de escuelas en la provincia de Buenos Aires

Este artículo se propone analizar el Plan Integral de Edificación Escolar (PIEE) que se aprobó en la provincia de Buenos Aires en 1948. El estudio de los cambios que implicó en relación a los proyectos anteriores, y de los alcances y límites de su aplicación durante las gestiones de Domingo A. Mercante (1946-1952) y Carlos Aloé (1952-1955), permite señalar que la ejecución del plan de edificación que impactó de manera significativa en el número de establecimientos educativos fiscales, fue posible debido a una modificación en la inversión de los recursos y a la mayor intervención de las agencias estatales en la planificación de las edificaciones, relacionada con la mayor injerencia en el área educativa que adquirió el Estado provincial durante este periodo

Rodolfo Kusch y la constitución de lo popular en la Argentina

De la vasta obra del filósofo argentino Rodolfo Kusch (1922-1979), quién desarrollara diversas líneas de reflexión-investigación, abordaremos sus tesis sobre la constitución de lo popular en la Argentina. Para ello nos detendremos en dos momentos: por un lado, desarrollaremos su peculiar lectura sobre el ciclo político de la independencia y sobre el período de la organización nacional-estatal argentina, centrándonos en su debate con el clásico binomio sarmientino "civilización o barbarie" y subrayando el parentesco de ciertos conceptos de nuestro autor con aportes más recientes del paradigma de la modernidad / colonialidad. En una segunda instancia, nos referiremos a la persistencia de lo indígena en la constitución de lo popular en nuestro país, en diálogo con otras posiciones del pensamiento nacional y latinoamericano, y derivaremos de allí ciertas conclusiones para la investigación en ciencias sociales.

Do-it yourself vanpool guide.

Transportation Department, Technology Sharing Program, Washington, D.C.

A report on the planning, operation and funding of California's highway system.

"March 1988."

[Consolidation and reorganization activities, status and results of facilities management pursuant to Executive Order 2003-10] /

Illinois Executive Order 2003-10 authorized the consoldiation of facilities management for agencies, offices, divisions, departments, bureaus, boards and commissions directly responsible to the Governor into the Dept. of Central Management Services (CMS). Facilities management functions include the operation and maintenance of state-owned or state-leased facilties.

The international control of atomic energy : report.

Reports dated Dec. 31, 1946-Sept. 11, 1947 issued as U.S. Dept. of State. United States and United Nations report series, 8 [etc.]; reports, May 17, 1948- as U.S. Dept. of State. International organization and conference series, III, 7 [etc.]

Situation in Vietnam. Hearings, Eighty-sixth Congress, first session ...

[pt.1] July 30, 31, 1959. 234 p.--pt.2. December 7, 8, 1959. 1960. pp. 235-369.

Educación y obra pública durante el primer peronismo : La construcción de escuelas en la provincia de Buenos Aires

Este artículo se propone analizar el Plan Integral de Edificación Escolar (PIEE) que se aprobó en la provincia de Buenos Aires en 1948. El estudio de los cambios que implicó en relación a los proyectos anteriores, y de los alcances y límites de su aplicación durante las gestiones de Domingo A. Mercante (1946-1952) y Carlos Aloé (1952-1955), permite señalar que la ejecución del plan de edificación que impactó de manera significativa en el número de establecimientos educativos fiscales, fue posible debido a una modificación en la inversión de los recursos y a la mayor intervención de las agencias estatales en la planificación de las edificaciones, relacionada con la mayor injerencia en el área educativa que adquirió el Estado provincial durante este periodo

Quotable value: A case of increasing value

In 2005 Quotable Value was New Zealand’s largest valuation and property information organisation with approximately 230 staff and 22 offices throughout the country. While Government reforms within New Zealand had forced this former Government department to operate in a competitive market, a booming property industry and a number of innovative projects generating new income streams had fuelled Quotable Value’s success and growth. Recent changes in the economic environment, however, and predictions that the property bubble would soon burst, also presented a number of threats. The challenge for Quotable Value was how to sustain and build further growth.