German investment in Russia's economy had not been cut in the crisis: out of 6 thousand German companies, who came to Russia, they all remain here to work, said the chairman of the Committee on Eastern Germany's economy, Klaus Mangold during today's meeting with Prime Minister Vladimir Putin.

According to Mangold, Russia and Germany have large-scale projects for the future: They are in the field of infrastructure and energy sector and energy efficiency, and further expand our network of pipelines.

One of the major programs aimed at financing Russian enterprises and supplies for them from Germany, was launched a few months ago, said Klaus Mangold. Investment in this program is 500 million euros. Click to continue »

ANO Learning Center Finam (part of the investment holding company Finam ) introduced a new free seminar The second day last year. He is dedicated to technology investments in low liquidity shares. Many of them still have a three-digit growth potential and able to yield significantly better than the market. However, to work effectively with these tools an investor should be able to select undervalued assets and use of technology risk management.

ANO Learning Center Finam - Russia's leading stock market education. In 2008, more than 25 thousand people were there training to work in the stock market. Learning Center provides educational activities in over 80 cities in Russia, offering a large number of training courses and workshops for both experienced and beginners for investors. Teachers serve professionals who have considerable experience of successful work in financial markets.

Against the background of new revenue normalization signals the global economy and growth appetite of investors to risk Russia's stock market no longer looks undervalued. Thus, the current estimate of the RTS index, if the focus on the expected revenue, almost twice the average values. On the one hand, this means that the market believes in the rapid recovery of corporate profits. The other, there is a risk of correction or slowdown in the most liquid securities. Under these conditions, investor interest shifted to the second-tier stocks, many of whom still do not realize the potential of its growth and can produce a substantial income.

The new workshop is designed for those investors who plan to actively use the second-tier stocks to increase their capital. Click to continue »

Finam awarded recommendation buy ordinary shares of OAO WGC-2 with a target price of $ 0,074 at the end of 2010. According to analysts, at current market quotations are not taken into account several factors that can have a positive impact on the value of shares of the generating company. Among them - a likely decrease in the value of the investment program, the disclosure of building effective capacity in the liberalization of the electricity market and the activities of the new management team.

In RAO UES of Russia in the WGC-2 was formed and approved by one of the most ambitious investment programs in the segment of the WGC, which involved the implementation of large-scale projects in areas with questionable need for new facilities. The current majority shareholder of the company is trying to reduce the amount of its investment commitments to improve the efficiency of investment projects, because of the crisis the previous level of new capacity will not be in demand, and financing, there are serious difficulties - analyst Finam Constantine Reilly. - Adoption new investment programs have a positive impact on free cash flows WGC-2 and, consequently, at its cost.

Analysts of investment company noted the good quality characteristics of most stations WGC-2. They have a small age and a high level of fuel efficiency compared to competitors. In this regard, GRES WGC-2 are working with a high rate of utilization of installed capacity and are able to earn extra income in a free market of electricity - the study says.

In Finam positively evaluate the presence of a strong strategic investor in OGK-2 in the face of Gazprom, for which electricity is a core business and allows for a significant synergistic effect of the gas and electric units. Click to continue »

Standard Poor's notes the increase in the difference in transparency between leaders and laggards, and together with the lack of transparency in the dynamics of the average 90 of the largest Russian public companies in 2009, this conclusion intelligence agencies have made in a joint study with the Center for Economic and Financial Research at New Economic School ( CEFIR), and the results published today in the report Study of information transparency Russian companies in 2009

According to the study, an index of information transparency, which is calculated as the average score of 90 Russia's largest public companies, the study in 2009 was on par with last year, accounting for approximately 56%. In the group of 76 companies that were included in the study as in 2008, and in 2009, the index also remained stable - 58%.

first position in this year took the company OAO Rosneft, with a score of 80% (2 nd place in the last year). Company CTC Media, Mechel OAO, OAO Mobile TeleSystems (MTS), OAO Novolipetsk Steel (NLMK), OAO TMK (TMK) and Vimpel-Communications ( VimpelCom ) also remain in the top ten. After a two-year break in the top ten leaders returned to the company, Rostelecom (9 th). In addition, dozens of companies with the highest level of transparency originated OAO Magnitogorsk Iron and Steel Works (MMK) (3rd place) and JSC Akron (10 th). Standard Poor's also notes that a significant increase in the level of transparency - more than 15 percentage points - Demonstrated Sberbank of Russia and OAO KAMAZ (though these companies and do not fall into the top ten leaders). Click to continue »

The Board of JSC RusHydro considered the Company's investment program for 2010 amounting to 98.9 billion rubles., It involves putting 1,124 MW: 1000 MW, the first three generating units Boguchanskaya HPP, 65 MW Kashkhatau hydro, 42 MW in the framework of the program of technical re-equipment and repairs, 17 MW of new renewable energy and 2,560 MW at the Sayan-Shushenskaya power plant as part of reconstruction 5,6,4,3 GA (units are listed in order of entries). In the future investment program to be agreed in line ministries and agencies, including the clarification of the sources and amounts of funding and final approval by the Board of Directors of the company.

In preparing the investment program of OAO RusHydro from the priorities of security and safe operation of existing facilities, funding for disaster recovery and reconstruction of the Sayan-Shushenskaya power plant, commissioning the first phase of shore spillway Sayano-Shushenskaya GES in 2010 to start spring floods, enter the first stage Boguchanskaya HPS, noted in the announcement RusHydro.

In accordance with the investment program for 2010 funding for projects of technical re-equipment and reconstruction is planned in the amount of 12.3 billion rubles., reconstruction of the Sayan-Shushenskaya GES - 16,1 billion rubles. Click to continue »

Government of Russia will create a special working group, which in the future of the Customs Union will evaluate the external borders in the area of Kazakhstan and Belarus with the transfer of the control points on these plots.

Under this plan, Russia will work the external circuit with Belarus 1 July 2010, and from Kazakhstan - July 1, 2011. About this during today's meeting of the presidium, said deputy Prime Minister of Russia Igor Shuvalov.

According to Shuvalov, currently at the final stage is the work on the harmonization of the Customs Code: he agreed to the level of interstate preliminary procedures will now need to get final agreement on the national level - and this document will also be presented for signature in the Government .

not yet agreed on the order of enrollment and distribution of customs duties, but this work will be a special group headed by the Ministry of Finance in the first half of 2010, said Igor Shuvalov. Click to continue »

Net loss MDM-Bank under IFRS for 1 half of 2009 amounted to 4.3 billion rubles, the report said the bank.

MDM-Bank has published its financial results under international financial reporting standards (IFRS) for the first half of 2009. Are the first results under IFRS for the consolidated bank. Indicator Tier I Capital was 15%. The level of overall capital adequacy as at 1 July 2009 amounted to 17,3%.

Operating income before the creation of bank reserves at an annual rate exceeding 40% of the equity, said in a press release of the bank.

In the second quarter of 2009 based on the current economic and credit situation, the Bank made additional accruals of $ 5 billion rubles. Doubtful debt reserves has been a major factor influencing the financial result in the I half of 2009.

bank liquidity is more than 25% in the presence of unused credit line of the Central Bank of approximately 80 billion rubles in the first half of 2009 the volume of debt of MDM Bank, the redemption of bonds and the return of funding of the Central Bank amounted to about 100 billion rubles.

Total assets for the period increased by 26% mainly due to merger of MDM Bank and VTB Bank. Nevertheless, based on the calculation of assets for the same period decreased by 22%, partly as a result of decreasing loan portfolio, which was caused by conservative policies of the Bank Capital management.

In the near future the bank will be closed the transaction to raise a syndicated loan with oversubscription of approximately $ 300 million. Click to continue »

E4 Group OGK-2 has sent proposals to resolve the conflict over breach of contract for construction of two units in Stavropol TPP.

According to the first version of the proposal, E4 and OGK-2 to sign a new contract for the construction of one unit on the Stavropol and Serovskaya Power Plant, where the WGC-2 plans to begin construction. These facilities would be supplied equipment already ordered E4 from Siemens for 2 blocks of the Stavropol TPP. The remaining funds E4 Group is ready to set off against the advance of the newly concluded contracts. The total amount of the new contract will be calculated on the basis of the basic cost parameters for the Stavropol TPP. The final contract price will depend on the additional costs of new construction. At the same time costs associated with the transfer of construction of one of the blocks from Stavropol in Serov, invited to share in OGK-2. In this case, E4 Group is prepared to pay OGK-2 12% per annum from the received advance - from receipt of funds prior to the suspension of the contract, said in a press release the group.

Under the second option, OGK-2 will have to compensate E4 3,5% of the amount of the contract. OGK-2 will also have to return the advance, less the costs incurred by E4. Engineering company generating companies to sell equipment previously ordered from Siemens, for 206 million euros. Click to continue »

MTS-Uzbekistan, 100% subsidiary of OAO Mobile TeleSystems, has received permission of the Uzbek Agency of Communication and Information on the use of available bandwidth from the company to build LTE networks in Uzbekistan.

The company also signed with Huawei Technologies Co., LTD. agreement of intent to deploy on the territory of Uzbekistan on the basis of LTE network equipment manufactured by Huawei. This first draft of LTE in the CIS, MTS said in a statement. A total of 26 operators worldwide have plans to build networks of LTE in the next two to three years.

The agreement provides for the establishment of project working group on implementation of technology LTE in Uzbekistan, as well as the establishment during the 2010-2012. pilot zone LTE in Tashkent. The agreement also involves the development of technical solutions in the construction of networks based on new technology to the existing network configuration 2G/3G. Click to continue »

Joint Russo-Turkish Company MMK-Atakash plans until late this year to build a port in Iskanderun, and the end of 2010 to put into operation all the production facilities and smelting complex in the city of Iskenderun and Istanbul, said the report by CMI.

The new plant located at two sites, the main production will be placed in the vicinity of Iskenderun, the second site is located in the vicinity of Istanbul. In future complex, composed of two steel service centers, will produce about 2.3 million tons per year of various flat products from scrap and metallized materials.

To supply the plant site near Iskenderun raw materials, consumables and finished products for shipment directly to the factory will be built by a sea port with a capacity of 600 vessels and 10 million tons of cargo a year. The contract for the supply of basic technological equipment for metallurgical companies signed in October 2007 with Italy's Danieli.

The plant was founded in March 2008 in the presence of Chairman of the Board of Directors of OJSC MMK Viktor Rashnikov and vice-premier of the Turkish Republic Nazim Ekrena. In late 2008, is in operating steel service centers in Iskenderun, where the longitudinal and transverse cutting of hot-rolled coils and coils with zinc and polymer coated packaging products. Click to continue »