Sergey Maksimov – St. Petersburg state University, 199034, St Petersburg, 11 Lieutenant Shmidt Emb., Russia
Georgi Zabunov – UNWE – Sofia, 1700 Sofia, Student Town, Bulgaria




5th International Scientific-Business Conference – LIMEN 2019 – Leadership, Innovation, Management and Economics: Integrated Politics of Research – CONFERENCE PROCEEDINGS, Graz, Austria, December 12, 2019, published by the Association of Economists and Managers of the Balkans, Belgrade; Printed by: SKRIPTA International, Belgrade, ISBN 978-86-80194-26-4, ISSN 2683-6149, DOI:



The aim of the authors is to outline the main problems of urban renewal in contemporary
Russia. The reasons for the transition to renovation as the main direction of urban development are
revealed: changing structure of the economy, aging of the existing real estate, changing the real estate
needs of the population and business. The experience of implementing renewal programs in developed
countries such as the UK and Japan as well as in new EU member states such as Bulgaria is analyzed.
The importance of public-private partnerships for successful urban renewal programs is emphasized.



Urban renewal, Urban areas, Public-private partnership.




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