Наталья Зубаревич и Максим Курников | Интервью BILD

The interview with economist and geographer Natalia Zubarevich, conducted live by Maxim Kurnikov, covers a wide range of economic topics. It begins with an overview of the 2025 economic results (0:55) and discusses the slowdown in various sectors (2:13). Zubarevich explains changes in freight statistics (5:18) and the housing market (7:02), noting that "radically nothing has changed." She then turns to the labor market (11:17), where people are seeking new jobs (12:25), and the oil extraction industry (12:46). The conversation moves to regional budgets (15:54) and national economic spending (19:21), followed by a discussion of infrastructure status (22:30) and whether Tatarstan can sustain growth (23:11). Zubarevich addresses the revival of automotive assembly in Kaluga and Kaliningrad (24:45) and the broader auto market (25:50). Consumer spending trends are examined (27:32), including a decline in vodka consumption (29:47). She discusses the share of state-owned enterprises in Russia (30:04) and how sanctions affect oil companies (31:11). Retail and food sectors are covered (33:58), with remarks about the decline of traditional markets (35:00) and the shift toward fast food (35:35). The interview also touches on business centers (35:58), the taxi industry and its adaptation to internet and GPS restrictions (38:56), agriculture (40:26), and the economies of Kursk and Belgorod regions (43:05). Finally, Zubarevich offers a 2026 forecast (44:37), noting the end of the wage race (45:00) and the redistribution of money (46:08).