KAMAZ and Daimler signed an agreement of intent to create a joint venture. The final agreement will be signed by the end of October. The joint venture will manufacture trucks Mercedes-Benz, and will become the exclusive importer of buses Setra and Mercedes. Creating a joint venture KAMAZ will enter into a new market segment and expand business. Due to savings in customs duties and transport costs joint venture will have a competitive advantage compared to direct import - analyst of investment company Finam Konstantin Romanov.
deputy head of the Ministry of Economic Development Andrei Slepnev said that Russia's government is considering introducing a new method of calculating export duties on oil products from January 1, 2010 but not since 2012, as previously planned. Thus the introduction of new terms, most likely, already approved, as the government has turned to the details of the methodology itself. The main innovation should be the equalization of rates of export duty on light and dark oil products. The price of domestic wholesale oil products market, where there are dark and petroleum products, are sensitive enough to export duties. At the same time in the retail market, which trades only in light oil, the effect is not as important. Among Russian vertically integrated oil companies more than others from the innovation can Lukoil to win. The company has long staked on investment in recycling, while other companies develop the capacity of uniformly primary and secondary processing - analyzes Alexander Eremin from Finam.
subsidiary Inter RAO, the Lithuanian Energijos realizacijos centras (ERC), has signed an agreement with the Latvian Latvenergo, which provides for direct delivery from Latvia to Lithuania to 800 MW. Agreement with Latvenergo signed within the framework of agreements between the governments of the Baltic countries to establish a common market, operating on the principle of the Scandinavian stock exchange Nord Pool. Inter RAO trading operations are one of the most profitable areas of the company. In this regard, the signing of additional agreements will be positively reflected in its operating and financial performance. Nevertheless, we believe that the news in a neutral impact on the share prices of the company, -- Analyst believes Finam Constantine Reilly.
Savings Bank announced the commutation of a number of conditions on retail loans. In particular, the reduced size of the down payment on the mortgage and car loans in 1,5-2 times. In addition, increased credit terms and interest rates were reduced to 0,5-1,0%. We appreciate the news as neutral. On the one hand, the Savings Bank will be able to build up a portfolio of retail loans at the expense of competitors, increasing its market share. On the other hand, the solvency of the borrowers have not yet recovered, and therefore decrease the amount of down payment seems premature and greatly increases the risks for the bank - said in a daily Finam .
More information on these and other analysts' comments Finam you can refer to the section Investments
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