INVESTING IN WHAT OUTLASTS.

Delfi interview: the former head of Rosenergobank on coming back to Tallinn and where Nordvik Investments is looking now, from fintech to AI and biotech.

My 2025 forecasts have proven accurate. Now, looking toward the end of 2026 — politics, Fed leadership change under Warsh, long-end bond yields approaching critical zone, oil deficit pushing $100+, AI cash flows turning negative. The outlook is not encouraging. I would like to be wrong.

In my new article, I reflect on how global markets evolved in 2025 — from AI and gold hype to liquidity tightening and the rise of tokenization. As we enter a year of heightened complexity, I argue that vigilance, not exuberance, will define smart positioning. 🎄 Wishing you and your families a thoughtful holiday season and a prosperous New Year.

A critical look at the current gold market narrative and whether the reality matches the hype surrounding precious metals investment.

A long-form interview with Konstantin Shvarts: growing up in Tallinn, Rosenergobank, support for the Russian opposition, and why Moscow keeps demanding his extradition.

In recent days, we've seen dramatic headlines proclaiming the "end of the dollar" and "hyperinflation." But the reality tells a different story. The recent volatility was largely driven by technical issues, while a quietly passed stablecoin bill could generate unprecedented demand for U.S. Treasuries.

In this revealing conversation, Shvarts explains how declining bank valuations following the 2008 financial crisis prompted him to shift his focus to more promising sectors. Leveraging his dual expertise in physics and finance, Shvarts shares his nuanced perspective on portfolio diversification and global innovation trends while maintaining clear investment boundaries based on personal ethics and risk assessment.

I was recently featured in an in-depth podcast by Delfi, one of the most respected media outlets in the Baltics. It tells the story of how I launched a bank in Moscow — and what came out of it. This is not just my personal story. It's about the blurred lines between entrepreneurship and politics.

Former Rosenergobank chairman Konstantin Shvarts was one of Boris Nadezhdin's sponsors and often helped him with money during elections. Kommersant on the 2011 loan.

The organizers of the conference express their sincere gratitude to Mr. Konstantin V. Shvarts for supporting the idea of the event "The Nature of Consciousness: A Dialogue Between Russian and Buddhist Scholars" during its early development and for his substantial contribution to its preparation.

According to Kommersant, film director Fyodor Bondarchuk is considering investing in Rosenergobank, potentially acquiring a 25% plus one share stake. This would mark his return to the banking sector four years after leaving Pushkino Bank, whose collapse initiated the banking sector cleanup. Bondarchuk reportedly seeks investments to finance his development projects and cinema construction in small and medium-sized cities.

MIPT's university newspaper on its alumnus: born in Tallinn in 1966, graduated from MIPT in 1990 and with honours from the Financial Academy under the Russian Government in 2002. In banking leadership since 1992, president of Rosenergobank since 2000.

In an interview with RBC Daily, Rosenergobank Board Chairman Konstantin Shvarts addresses recent media attention, confirming the bank's stable operations with no unresolved legal claims and no regulatory restrictions. Shvarts explains that the bank successfully managed the October-November liquidity challenges and has no plans to sell to outside investors.

Rosavtobirzha President Konstantin Shvarts announced that VAZ vehicles have been delivered to the exchange on November 9th for the first auction on November 17th. The auction will feature dozens of cars with starting prices of about 15,000 rubles for VAZ-21063, VAZ-2104, and VAZ-2105 models, and around 19,000 rubles for VAZ-2109 models. Additionally, Suzuki motorcycles will also be available at the auction.

A rare archival article from Estonian media captures a young Konstantin Shvarts at the dawn of post-Soviet capitalism — building ventures, reshaping markets, and voicing bold views on Russia's economic future.