Dear readers! We present to your attention the third issue of the LOGISTICS journal for 2025. Our editorial staff, like all our colleagues, is preparing for the TransRussia 2025 exhibition, the largest event in the industry. In this issue, we have prepared an interview with Natalia Lomunova, Director of TransRussia, with whom we are talking about a flexible approach, new participants and digital services. We continue the series of articles from P.V.
Dear readers! We present to your attention the first issue of the LOGISTICS journal in 2025. First of all, we would like to draw readers' attention to our new partner R1 Development, a development company that creates a new generation environment and specializes in the construction of industrial, logistics, commercial and residential real estate. One of the projects of R1 Development is the Druzhba industrial park network.
Dear readers! We present to your attention the final issue of the LOGISTICS journal in 2024. We have tried to make it rich and interesting. Today, many Russian companies operate under strict sanctions restrictions, which force them to reorient logistics flows. One of the possible solutions to this problem may be the Russia – Mongolia – China economic corridor. Details can be found in the article by Alexandra Kazunina.
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Anticipated expansionary fiscal policy could drive up economic growth in the U.S. over the next two years and also benefit European economies and real estate markets, according to a report released by CBRE this week. This would be particularly beneficial for those countries whose trade with the U.S. accounts for a large share of GDP, such as Germany and Ireland, as well as big service industry exporters, such as the UK.
Despite rising interest rates in the U.S., long-term interest rates will remain low in Europe over the next twelve months. Despite trend level growth, there is a feeling of fragility in Europe due to Brexit, other political events and persistent high levels of unemployment in some countries. Consequently, there is still a long way to go before the ECB’s inflation target is threatened.
Despite some concerns about U.S. companies potentially reducing their footprints in Europe, particularly Ireland, if the U.S. were to adopt more favourable tax treatment on corporate profits, we believe this risk is low as most of these companies service the European market. On the other hand, the potential for more restrictive U.S. trade policies could have negative consequences, although this is thought to be less of a risk for Europe than other parts of the world.
“European property markets will gain from higher U.S. economic growth and don’t really stand to lose from potential changes in U.S. tax or trade policies,” commented Dr. Neil Blake, EMEA Chief Economist for CBRE and co-author of the report. “Higher U.S. incomes and a strengthening dollar will also benefit the prime retail destinations of Paris and London as well as other retail hot spots including Milan, Madrid, Amsterdam and Prague.”
Dr Blake added, “There is a potential risk to real estate pricing from higher interest rates in the U.S. and any subsequent knock-on impact in Europe. However, we don’t think that rates will rise quickly in Europe, and that any increases will be offset by strengthening economic growth, which will support higher rents. European real estate continues to offer a high spread over bond yields by historical standards.”
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