Word: zhurek
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...This is a historical event which will have important economic and political consequences for Russia," Stefan Zhurek, assistant director of the Kennedy School's Strengthening Democratic Institutions Project, said in an interview yesterday...
...Zhurek explained that Soviet Moscow was overcrowded and that a lack of housing was a major problem. In the last few years, though, Luzhkin's regime has built 75,000 new apartments each year, Zhurek noted...
...problem," Zhurek said, "is that when you build something you have to sell it. The average apartment in Moscow sells for around $250,000. There are very few people able to pay that in cash...
...housing is there," Zhurek continued. "The mortgage system will enable middle class people to purchase...