Judge: Government will not allow the decline in construction in Moscow

Nedvizhimost07-10-2008 Judge: Government will not allow the decline in construction in Moscow Debt problems of sunk, and until the construction companies. They do not have enough money to finish its construction and repay the loans. National characteristics of the construction business and the global credit crisis brought many players to bankruptcy. Failure to meet debt obligations in the near future may lead to metropolitan builders bankruptcy, recently said Moscow Mayor Yuri Luzhkov. Earlier, Luzhkov said that companies who find themselves in difficult financial situations will be helped "through grants, as well as the redemption of shares of individual companies." Now, the Moscow government has come to a common decision to provide financial assistance amounting to $ 2 billion to developers of housing that have special problems with liquidity. For an explanation of the issue of the Moscow real estate market Bigness.ru addressed to the deputy head of the Analytical Center IRN.RU Boris Derevyagin. "In a crisis situation at the moment are mainly smaller companies, because they have the least amount of reserves and the ability to attract additional funds. As for large companies, in this case, we can hardly go on the bankruptcy "- the analyst said.