8 and 9 February the Bank of Russia will hold auctions on the MICEX for credit institutions to extend credit without collateral, with the following parameters:

limit credit auctions 8 and 9 February 2010:

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Order of the Bank of Russia revoked the license to conduct banking transactions in the credit organization Joint Stock Commercial Bank city “Arvesta” (Closed Joint-Stock Company) ZAO AKGB “Arvesta” (Krasnodar region, Armavir).

“The license to conduct banking transactions withdrawn due to the fact that the credit company ZAO AKGB” Arvesta on 1 January 2010 did not reach the size of its own funds (90 million rubles), satisfying the requirements of the fifth part of Article 11.2 of the Federal Law “On Banks and Banking Activity “, - stated in the department of external and public relations of Bank of Russia. - Management and shareholders of the credit institution did not take efficient measures to increase the size of its own funds (capital). The bank has not filed a petition to the Bank of Russia change their status to non-banking credit organization. In these circumstances, in accordance with Federal law “On banks and banking activity” the Bank of Russia performed the duty for the revocation of a license to conduct banking operations. Read the rest of this entry »

Board of Directors of OAO “Gazprom” has decided to hold annual general meeting of shareholders June 25, 2010.

list of persons eligible to participate in the shareholders” meeting will be compiled based on data from the register of shareholders of OAO “Gazprom” at the end of trading day May 7, 2010.

This Board approval a list of nominations for a vote at the annual general meeting of shareholders for the elections to the Board of Directors of OAO Gazprom included:

Andrei Akimov, chairman of OAO Gazprombank;
Alexander Ananenkov, deputy chairman of Gazprom;
Burckhard Bergmann, a member of the Board of Directors of OAO Gazprom;
Farit Gazizullin, a member of the Board of Directors of OAO Gazprom;
Vladimir Gusakov, vice president, member of the Board of “MICEX”;
Viktor Zubkov, First Deputy Prime Minister;
Elena Karpel, head of the department of economic expertise and pricing of Gazprom;
Alexey Makarov, director of the Institute of Energy Research, Russia Academy of Sciences;
Alexei Miller, chairman of Gazprom;
Valery Musin, head of the department of civil procedure Law School
St. Read the rest of this entry »

In 2009, production of chemical products in Russia decreased by 5,4%, according to the materials Minpromtorg.

polyethylene production for January - December 2009 amounted to 1,411 thousand tons. Stable in the past year worked JSC Petrochemical and OAO Kazanorgsintez. In February 2009, in Nizhnekamskneftechim put into operation the production of polyethylene in the amount of 230 thousand tons of the project company Tecnimont (Italy). The production is designed to produce granular polyethylene black and natural colors, with some brands will be produced in Russia for the first time. Polypropylene in 2009 were produced 595 thousand tons.

In 2009 compared with 2008, turnover decreased production of the chemical complex, according to preliminary data, 41% to $ 27.4 billion share of expeb7orts in turnover decreased to 50.4% and imports - grew to 49, 6%. Read the rest of this entry »

Siberian Branch of OJSC MegaFon launched commercial 3G services in the Kemerovo and Novosibirsk regions. At this stage, subscribers Megafon Siberia had an opportunity to high-speed data transmission technology HSDPA (up to 7.2 Mbps from base stations to the subscriber) and technology HSUPA (up to 2 Mbps from the subscriber to base station).

“Already, our network can be attributed to the generation of 3,75 G, or HSPA. Depending on the subscriber”s location and type of subscriber device data transfer rate can reach 7.12 Mbps. Further upgrading of infrastructure software will enable us to quickly to offer their customers the speed to 21 Mbps for downloading and up to 5.7 Mbps when sending data. In view of the existing coverage area can say that we have built one of the best and high-speed third-generation networks in Siberia, and this is our first step to achieve leadership in mobile broadband, “- noted the director of the Siberian branch of OJSC” MegaFon “Alexei Tyutin. Read the rest of this entry »

February 1 in Kazan, the regular meeting of the Board of Directors of OAO “Tatneft”, chaired by the Prime Minister of Tatarstan Rustam Minnikhanov. Board of Directors discussed the preparation of the annual general meeting of shareholders on the results of 2009. The meeting will be held June 25, 2010 in Almetyevsk (Republic of Tatarstan), the Palace of Culture “Neftche” At 10:00 Moscow time, said the report “Tatneft”.

In addition, the Board of Directors, summarized the budget of OAO Tatneft in 2009 and approved the budget for February 2010.

In 2009 the company extracted from deposits 25.85 million tons (100.33% by 2008). Permission for use granted 280 new production wells, drilled 38 horizontal holes and 9 multihole wells. Average production per well, imposed from drilling amounted to 9.5 tonnes. Through the application of methods of enhanced oil recovery extracted about 45% of the total volume of oil. Successfully pursued pilot projects (ODA) for the extraction of viscous oils (IOS). Read the rest of this entry »

Dmitry Medvedev approved the DOCTRINE of food security in Russia, reports the Kremlin press service. Government of Russia charged with developing a plan of action to implement the doctrine.

In the Doctrine of the food security of developing the National Security Strategy of Russia until 2020, relating to food safety, take into account the rules of the Marine Doctrine of 2020 and other regulations in this area.

The main objectives of food security is the timely prediction and prevention of internal and external threats to food safety, minimize their negative effects, the formation of strategic stocks of food, the development of domestic food production and raw materials sufficient to sustain the country”s food. In addition, the country”s food security is intended to achieve and maintain physical and economic access for every citizen of safe food.

To assess the state of food security as a criteria determined by the proportion of domestic agricultural, fishery and food production in total cash resources (including carry-over stocks) of the internal market of the products with the thresholds in relation to:

• grain - not less than 95 per cent;
• sugar - not less than 80 per cent;
• vegetable oil - not less than 80 per cent;
• Meat and meat products (in terms of meat) - At least 85 per cent;
• Milk and milk products (in milk) - not less than 90 per cent;
• fish products - at least 80 percent;
• potatoes - not less than 95 per cent;
• Salt food - not less than 85 percent. Read the rest of this entry »

During the week of 25 to 29 January 2010 the RTS index fell by 1.05% to 1473.81 (1489.46 on January 22, 2010). The leaders of the negative impact on RTS Index became ordinary shares of OAO Rosneft, whose influence was -8.09 index points, OJSC MMC Norilsk Nickel (-4.09 points), OAO Surgutneftegaz (-3.55 points).

Index RTS Standard (index of “blue chips”) for the past week increased by 0.52% to 9827.37 (9776.53 on January 22, 2010). The “second tier” for the week increased by 0.48% to 1504.12 (1496.99 on 22 January 2010.). Last week most of the key sectors of the economy, represented on the equity market, have shown negative dynamics. The top losers become metallurgy: The RTS Metals and mining decreased by 3,37%. Demonstrated a significant decrease in industry and oil and gas sector: RTS industry has lost weight 2,70%, while the RTS Index Oil and Gas dropped to 2.08%. The leader of growth became Electricity: Electric power RTS Index gained weight 4,31%.

total trading volume on RTS for the week from 25 to 29 January 2010 totaled $ 11.92 billion (359.49 billion rubles.) taking into account all types of transactions, including OTC. Volume of trading in securities admitted to trading on the market of RTS Standard, per week amounted to $ 2 782.75 million

leaders turnover in the stock market of RTS are ordinary shares of OAO Sberbank of Russia, whose turnover for the week amounted to $ 1 578.10 million, followed by ordinary shares of OAO “Gazprom” - $ 602.01 million, further ordinary shares ” LUKOIL - $ 182.53 million share of these securities in circulation amounted to 55,72%, 21,26% and 6,45% respectively. Read the rest of this entry »

In the first decade of January 2010 the volume of coal transport, the first cargo company (operator OAO RZD) from stations of the Krasnoyarsk railway increased by 5,2%, compared with the same period last month. The increase is largely associated with the generated in the region a strong Siberian anticyclone, which is why, according to the Hydrometeorological Center of Russia, the average daily temperature was at 16-18 degrees below normal, the report said PGK.

In the face of the increased requests from the regional power engineering, “First Cargo Company” has increased in this period, the transport of coal from mines in Khakassia and Krasnoyarsk territory to 120 thousand tons. In the direction of the Krasnoyarsk GRES-2, providing heat and power generation east of Krasnoyarsk Territory, the number of daily involved gondola was increased twice - up to 360 cars. Read the rest of this entry »

The Federal Antimonopoly Service received a petition LLC Sberbank Capital of giving prior approval to acquire 60% of the voting shares of CJSC “Management Company group of companies GOTEK.

In connection with the need for further consideration of the petition, as well as additional information, FAS has decided to postpone consideration of the application to 30.03.2010 in accordance with paragraph 2 of Part 2, Part 3 of Article 33 of the Law “On Protection of Competition” said the report of the antimonopoly authority.

Group companies GOTEK - Russia”s largest producer of packaging and packaging materials. Factories GOTEK made flexible packaging, corrugated cardboard, printing packaging. Products group of companies is designed both for food producers and manufacturers of industrial products. Read the rest of this entry »