The Strabag case was dedicated to the recent changes of Russian Federal Law No. 214 which among other things regulates payment flows between the project developer and property buyers. Under the new law, the money collected from property buyers cannot be used by the developer during the construction phase. Rather, the money needs to be put in an escrow account at a bank (the bank does not pay interest on this account). The participants of the case researched the legal and economic consequences for all the players in the market of equity construction as well as international experience in this field.
Österreichsche Nationalbank (the Central Bank of the Republic of Austria) was looking forward to hearing students’ visions on the future of payment systems and convenient forms of retail payment. The ongoing transition from traditional physical payment instruments (cash, money orders) to fast alternative online payment systems and innovative distributed technologies offers a wide range of new payment solutions. In this workshop, students identified and described the most promising products that in their opinion can provide a frictionless customer payment experience. They took on the challenge to develop a comprehensive concept of the Next Big Thing in the field of payment services.
Raiffeisen Bank Russia’s CIB challenged students to solve the issue of the bank’s corporate clients’ base growth. By the year 2021, Raiffeisen Bank aims to achieve x3 growth of its corporate client base, while maintaining high ROA and moderate CIR ratios. Growth within the existing customer base is already limited, meaning that the bank will have to acquire new corporate clients.
Project “Breitspur”, a joint project between the national railway companies of Austria (ÖBB), Slovakia (ZSR), Ukraine (UZ) and Russia (RZD), is planning to connect the Twin City region of Bratislava and Vienna with the Russian broad gauge network. This project was analyzed at the conference in light of the broader Chinese One Belt, One Road (OBOR) initiative which is aiming at enhancing international trade and globalisation through the tool of financial investments in infrastructure and construction projects. Can a Eurasian rail service compete with serious alternatives to sea and air? How can the problems of delays, mostly due to the time-consuming process of changing the gauges, at border hubs be overcome? By analysing the Pros- and Cons of Project “Breitspur”, screening and evaluating the market and designing a terminal set-up, participants of this workshop developed recommendations for decision makers.