RTS has completed the last trading day this week, rising to 3.14% to end up 1 050.44 points. Indicator RTS-2 with an increase of 0.46%, and concluded the session at 926.86 points.

better market, along with scenes of oil today, obviously, shares of companies traded Russian fuel and energy complex.

In addition, information on the possible purchase of Irkutsk alternative fixed-line operator Sibtelekom telecommunications company TTK on Friday provided a relatively high rate of growth and value securities regional telecom.

On the other hand, relatively little look at the Russian Trading System stock exchange on nizkolikvidnye, defensive stocks of industrial companies.

Meanwhile, today's statement by Fed Chairman B. Bernanke, seems to have greatly supported the bullish mood of investors, the world's stock market. Reserve System United States is clearly expressed its position that does not believe the current macroeconomic environment is favorable for the beginning of the downsizing in the foreseeable future monetary policy expansion. On the other hand, according to the Fed, the high level of international cooperation in the field of crisis management and developing greater control over the processes of governing structures in macroeconomics and finance are the guarantee of future success in overcoming the problems associated with the reduction in financial support for a centralized economy to the extent of its recovery.

regulators continue to swing the market by maintaining its investment processes. Playing against such a policy is becoming increasingly difficult. It seems that the Russian segment of the stock greatly affect the next week, this fact in their quotes.

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At 16.00 Moscow time the price index value was 115.85 RGBI. Compared with the closing of the previous day he had not changed. The volume of trades in the market for government securities amounted to 26.62 billion rubles. Yield on bonds SU25057RMFS9 with the date of repayment in January 2010 was 9.17% (-0.52 percentage points) on the bonds SU25065RMFS2 from the date of redemption in March 2013 - 12.05% (00 items), on bonds with SU25066RMFS0 maturity date of July 2011 - 11.3% (-0.03 percentage points) on the bonds SU25067RMFS8 to the date of repayment in October 2012 - 11.91% (-0.02 percentage points) on the bonds SU26198RMFS0 with maturity date in November 2012 - 11.88% (0.01 percentage point).

C corporate bonds reached 648 transactions in the amount of 3613.58 mln. Yield on bonds Zenit 6obl to the date of repayment in July 2014 was 14.76% (0 items) bonds RZhD-06obl to the date of repayment in November 2010 - 12.29% (0.11 percentage points) on bonds Gazprneft3 with the date of repayment in July 2016 - 13.56% (-0.09 percentage points) on the bonds on the SPC-05. with the date of repayment in May 2012 - 10.54% (-2.86 percentage point), the IBRD 05obl bonds with maturity date in June 2014 - 15.22% (0 items).

C sub-federal and municipal bonds reached 138 transactions in the amount of 1402.14 mln. Yield on bonds MGor45-on with the date of repayment in June 2012 was 13.28% (0.08 percentage points) on the bonds MGor54-on with the date of repayment in September 2012 - 13.28% (-00 percentage points) bonds MGor39-on with the date of repayment in July 2014 - 13.85% (-0.16 percentage points) on the bonds MGor56-on with the date of repayment in September 2016 - 13.84% (-0.02 percentage point), bonds MGor59-on with the date of repayment in March 2010 - 10.21% (-0.22 percentage points).

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In Bond Market You can find information on issues of corporate and municipal bonds, as well as learn about the planned deployment, the outcome of trades on the MICEX and read the comments on the bond market.

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At the beginning of the independence light industry edge not only citizens of their country. A high-quality Ukrainian dresses, knitted blouse, coats, men's costumes were known far beyond the country. Now manufactured in Ukraine clothes are almost entirely sent abroad, where it sew fashion label Made in France, Made in Italy and so on.

What happened that domestic Legprom turned into cheap labor for European fashion houses? What prevents Ukrainians buy clothes locally produced? Does your country fashion? How to refocus the industry on the domestic market? On this and on another Day tells the president of the All-Ukrainian Association of Light Industry Employers' Ukrlegprom Alexander Sokolovsky.

- Older light industry fully ensure the internal market and give 20% of GDP. Today legproma share in total GDP is 0.8%. In 90 years in the industry employed approximately 750 thousand employees. Before the crisis, this figure has fluctuated in the 104 thousands. At the beginning of 2009 is 97.9 thousand workers. During the Soviet period, Ukrainian Legprom specializing in garment manufacturing. Sewing traditions and culture of production and are now preserved. So far, there is qualified personnel. Very strong design tradition. That is, we still hold. But 90% of light industry is not a direct exporter, and goods made of bonded circuits. Generally, in Ukraine comes to style, fabric, accessories, threads, and go - finished products. And a couple of dollars sew serious, technologically difficult things. Ukrainian enterprises only paid for the technical work and high quality finished product for sale abroad in times more expensive. These earnings do not allow the company to develop its own brands and to work on the domestic market. However, many companies are this way because it is necessary to survive. If it had not been made on the schemes that most of the existing enterprises legproma now simply would not exist.

winners and losers

- What influenced by the crisis in the industry?

- In the light industry crisis has lasted for eighteen years, not in 2008, as in other economic sectors. Systemic crisis originated in the 90-years and the current economic troubles only to her efforts. Of course, now there are problems with loans to enterprises, with a reduction in consumer demand and exchange rate fluctuations. But there are positive signs. The crisis will accelerate the drop in the number of inefficient players from the market. After the crisis, the market of light industry will take 50% of enterprises.

Those who remain will work fine and create a new elite national legproma. The remaining 50% or go bankrupt, or pereprofiliruyutsya or swallow big players. In my opinion, after the crisis, new interesting trends. In particular, market participants have shown a lively interest in the establishment of industry parks, which will be sold things from Ukrainian producers.

- What kind of light industry sub-effective and which are almost extinct?

- Definitely difficult to answer. Official statistics do not take into consideration all players in the industry. In it, many small businesses operate at uproschenke and therefore do not fall in the overall statistics. Light industry now resembles an iceberg, the upper part of which - it is legally operating enterprises, and the bottom - the shadow. The annual turnover of apparel market is 10 billion USD. And the official statistics - 500 million USD. That is, in the shadows now has about 90% of the market. Tenizatsiyu light industry has increased the crisis. Many enterprises are not of a good life went to work in the shade, to keep production and jobs.

To live well, and who - is not it? In 2008, light industry fell by 3.4%, while in 2007 growth was 0.4%. It's hard for everyone. This confirms the statistics: for the first five months of 2009 in all sub-light industry there is a significant slowdown. Thus, against the backdrop of the fall of 31,9% of all industry (over 5 months compared to the same period of 2008) Legprom fell to 35.3%. If we analyze all commodity groups, the more or less satisfactory performance in the first five months of 2009 (compared to the same period in 2008) showed only the manufacturers of dresses and Sarafanov - 101.2% and producing bags, business bags, valise, blankets for clothing, briefcases - 112,9%. Manufacturers of footwear reached over five months, only 84.4% similar to last year's figure. Manufacturers of fabric from chemical fiber - 77.8%, cotton, cotton goods - 83,7%, hosiery - 89,8%, coats, polupalto - 82% of men's trousers and the bridge - 81.9%, the top knitted garments - 67,7%, men's suits - 64,9%, jacket, jackets, jumpers - 58,3%, woolen fabrics - 60% linen - 0.6%, cotton - 50.7%, vorsovyh and terry - 37 , 6%, sweaters and blayzerov - 48,8%. We have very little flax is produced.

Ukraine compete in the world thanks largely to the garment industry. Therefore, in general, in all sub-light industry steady decline. I recall that in 2008 62,8% of companies make a profit - 273.8 million hryvnia, and 37,2% - loss of 984.5 million hryvnia. And last year's profitability legproma was - 1.9%. The situation with the import of the following: in 2007 it exceeded exports to 1.2 times in 2008 - 1,9 times. During January - May 2009 imports exceeded exports by 298 thousand dollars. (44.1%). Generally speaking, compared with last year's same factor imports declined by 39.5%, while exports - by 41.8%.

- Who of the giants of Soviet production was able to not just survive in the new market environment, and win a worthy place in the sun?

- Let us take for analysis Legprom Kiev. Previously was a very well-known factory Ukraine, Smirnov-Swallow, but now they have disappeared. No, and the Kiev Silk Plant, which produces natural silk. The country now produces artificial silk, but natural - no. Almost disappeared and the factory Dana. Knitting products produces Kiyanka (think it changed ownership and name), but not in those volumes that before. Ie competition have not all. But someone managed to find its place. Thus, the tissue produces the TC-Donbass, men's suits successfully sews and sells factory Mikhail Voronin, and Rose produces knitwear.

Tax inequality

- Since 2000, the industry is beginning to show growth. What should be done to preserve the positive trends in crisis? And what is waiting for assistance from the state?

- Today, the Ukrainian manufacturers of clothing easily compete with the French, Italian, English manufacturers of fashionable clothing. At the same time in the domestic market, we can not work. Uncompetitiveness Ukrainian legproma due the lack of unified, civilized rules of the game on the market. All business sectors are working on two tax systems: the traditional (if paid all taxes) or simplified (pay 200 hryvnia a single tax). Most white home of the industry is working on the first system. One company working legproma State pays for a month in taxes and various fees, on average, 1260 hryvnia. And this is when the average wage in 1000 hryvnia! And those who worked on uproschenke, paying six times less. Little or no pay, if we are talking about importing garments: their customs duty is set at a small level, while the value of the goods in the invoice may be underestimated by several times. Smugglers from the State did not get anything. Such competition can not survive any legal enterprise. Therefore, 10% white market legproma today smuggling and presses his face to the side of competition. On the issue of smuggling in general, not just words: a feeling that this problem will never solve. While the crisis of its volume be reduced. Today and smugglers crisis.

Companies legproma require the State to common rules and the decisions of customs issues. While the difference between imported and domestic clothing will be up to five times, not 5%, until in Ukraine will not be a powerful light industry - will be dressed in Chinese, Turkish clothing. Click to continue »

At the opening trades Friday to the futures index RTS (RTS-9.09, RIU9) tested support in the region of 100 000 points. While futures moved in the downstream channel, the upper limit of which is held in the region of 102 000 points.

recommend playing down with the foot above 102 000-103 000 points. The purpose of sales - 97 000-98 000 points.

Stop on speculative long positions can be placed below the 99 000-100 000 points.

According to futures on the euro-dollar (ED-9.09, EDU9) currently can bear with the foot above 1.425-143. Immediate objectives of reducing - 1.415, the area 1.4.

Futures on the dollar-ruble (Si-9.09, SiU9) this morning, affected by the resistance in the region of 32 300. At the moment, can bear with the foot above 32 300, or purchase with the foot below the 32 000, 31 700.

Futures oil varieties Brent (BR-9.09, BRU9) found support near $ 73. Recommended bear with a stop order above $ 74,5-75. The objective of reducing - $ 72, then $ 70 area.

Futures on gold (GOLD-9.09, GDU9) continues to consolidate in the area of support at $ 940. Possible bullish with the foot below $ 930, the purpose in the area of $ 960. Breakdown of support for the $ 930 expected to lead to sales in an area with a view to $ 900.

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Saturday brought a welcome increase in the market. For the first week of the MICEX index closed in the black. Support for the market in the first half of the day had grown up in oil prices, but by the evening - opened in the black American track. At the end of the day MICEX index gained 2.8%, to close at around 1063 points and the RTS index - 2.5%.

leader growth on Thursday formed steel shares oil and gas sector, which by the end of trading session, shares of telecommunications companies have joined. Worse than the market leaders looked past days - the action elektronergeticheskih companies. From the blue chips on the MICEX quotes Gazprom added 3.9%, Lukoil - 5.8%, Rosneft - 5.0%, Norilsk Nickel rose by 1.5%.

U.S. sites completed trading session on Wednesday the growth, despite some investors disappointed by the statistics on unemployment benefits: Dow Jones gained 0.8% and the SP 500 rose 1.1% to close above the mark of 1000 points. At the Asian sites today, there is divergent dynamics: Nikkei to 10.00 Moscow time has lost 1,3%, China Shanghai Comp added 1,1%, Hang Seng traded in a weak black (0.04%).

Oil Prices Nymex added U.S. $ 0.1 per night, but now falling - losing U.S. $ 0.4 in the morning, trading at around U.S. $ 72.2 per barrel. Brent cheaper at 0.76% to a level of 72.74 dollars per barrel.

of the most important of today is expected to publish data on house sales in the secondary market in the United States in July, and in the evening the head of the Fed Ben Bernanke will speak at a conference in Jackson Hall.

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