Better than nothing. Experts have commented on the Russian President’s Address / ASN-Info
In line with tradition, President Vladimir Putin dedicated most of his Address to the Federal Assembly to social issues and to the state’s foreign policy. The Address, however, contained quite a few messages for the construction business.
Experts from the construction sector offered comments to the ASN-Info portal regarding the possibility of a reduction in mortgage rates and the prospects of changes of demand. Of most importance for construction was the proposal of Vladimir Putin to exempt developers from profit tax and VAT on social facilities they deliver to local authorities. Maya Petrova, Partner and Head of the Real Estate and Construction Practice at Borenius Russia, shared her opinion regarding the advantages for developers from the potential benefits.