Wednesday, December 7, 2011

Company "NIELSEN" has defined the new leader among bonus vodok

The largest international research company Nielsen has carried out the analysis of the vodka market of Russia. The highest rates of increase in a segment a premium (180 rbl. and above for 0,5 l.) vodka "Baikal" has shown. For last year (October 2010 – September 2011) sales have grown on 63 % in natural expression in comparison with the similar period year before. "Vodka" Baikal », perhaps, brightest start in the vodka market, since 2008», - speaks the director of the Center of researches of the federal and regional markets of alcohol Vadim Drobiz. The second place on rates of increase at vodka mark "Hortitsa" to - 20 %. All legal market for this period was reduced to 9 %.In company "Jupiter" (makes vodka "Baikal") have explained success of vodka – its positioning. «To" Baikal »classification« an organic product »is appropriated. It became the organic vodka first in the Russian alcoholic market. We went to it some years, selecting the best components and suppliers, constantly modernizing manufacture. Huge efforts and knowledge of the most skilled experts of branch have been directed on that vodka« Baikal »corresponded to standards of ecological safety, differed high natural flavoring qualities which would remain in the course of manufacture», - the general director of company "Jupiter" Yury Ivanov tells.

The USA don't wish to cooperate with Russia on in ABM sphere

Washington doesn't meet half-way Moscow in cooperation on antimissile defense, head has declared to journalists on Saturday the Ministry of Foreign Affairs of the Russian Federation Sergey Lavrov. "Chances remain always while business wasn't closed. But for today any certificates of that are ready to meet us, isn't present", - has told the Laurels, being in Dushanbe at the summit of the CIS as a part of the Russian delegation. "Our position is based on the initiative which was put forward by president Medvedev. It consists in the sectoral approach, naturally, it (initiative) has been formulated in general", - has reminded Laurels. "Principles on which we are ready to cooperate, first of all, interaction equal in rights from the very beginning, under the analysis of threats have been stated, teamwork as agreed those places on which with these threats it is possible to struggle and, in case of need - creation of a military-technical infrastructure", - has reminded Laurels. As he said, "on the basis of this position oursrepeatedly met, both military and diplomatic experts detailed concrete aspects of our approach "." Us assure that the American plan is perfect and does not need any updating though we see in it direct risks for our Strategic armed forces ", - has declared Laurels. Answering a question as the stop of negotiating process on the ABM will be reflected in execution of the Contract about СНВ, the minister has reminded that" the Contract about СНВ assumes that any succession of events which will create threat for safety of one of the parties, grants to other party the right to leave the Contract "." So that we will look, how much and when such real threat will arise ",- The head of the Russian diplomacy has warned. At the same time, he has especially noticed that Moscow "yet doesn't stop efforts". "We persistently spends contacts to Americans in frameworks Council Russia-NATO, explaining our approaches. All of them perfectly understand, therefore won't tell any more as it has been made during numerous rounds, consultations between Moscow and Washington and with the NATO countries easier. We will continue (negotiations), there there are reasonable people who are ready to recognize correctness of our arguments, but owing to NATO discipline these voices aren't audible", - the minister has added.

Saturday, October 29, 2011

training

To organize own business is only half-affairs. It is necessary to develop business further, to keep it afloat in economically hard times and to march in step in due course, constantly learning something new, developing itself as the person and as the professional.

All to it can learn on trainings. They are actual both in business blossoming, and during crisis.
In the latter case a situation double. On the one hand, in company crisis are compelled to reduce the personnel and expenses for its training. Seminars and trainings as a rule are spent by own strength. But on the other hand, in crisis new knowledge, fresh ideas, another's experience on anti-recessionary management are necessary.

Therefore business on carrying out of trainings, in particular, on crisis-management, can be very actual and favourable. In Ukraine, for example, very much and it is not enough similar experts-experts.

On subjects trainings can be the most different. To focus them it is necessary and on personal perfection, and corporate development.
In the conditions of crisis personal development has special value. Type trainings «how to become successful» experts consider as the most expedient and stable investment – you do investments in yourselves: in the formation, health, self-development and so forth Even if in crisis you have available assets trainings on self-development will allow you to leave crisis already at new level, both as the professional, and as the person.

Efficiency of expenses for corporate trainings is difficult enough for estimating. Efficiency of trainings depends on the relation to them of listeners. To spend in crisis from 2.5 to 6 thousand грн. For a two-day seminar it is unprofitable enough, especially, when it is not known, whether training will be effective, whether will be of use for the company.
If you have conceived to be engaged in bines-trainings, it is necessary to remember that they don't pass daily. Trainings can become not an activity principal view. You can give, for example, consultations in sphere of management of the finance, accounting, personnel management, etc.

Initial expenses for the organization of similar business «from zero» are necessary for rent of office and acquisition of office technics. Them it is possible to estimate Main thing in $3-5 thousand – to have own turned out programs or to know, what experts in this area can be invited as trainers.
Complexities can arise with an operating time of client base, and also with an authority gain as trainers, and the company as a whole. But if already at the moment of the organization of business at you relations with trainers have been established and the certain client base in this case your company can already count on profit since the very first day is made.

This kind of business is enough вариативен. Employees of the company or the involved experts to whom you will give a platform for work for a certain payment can be trainers.
In big cities the competition in this sphere of business is high enough, but in regions the market is a little mastered. Besides changes in the legislation, strengthening of a competition and other metamorphoses in the market environment promote occurrence of new themes for trainings, seminars and consultations. Depending on client inquiries, specificity of its business and an economic situation you can alter subjects of the employment.

However it is necessary to remember that too frequent updating of programs and occurrence all the new companies in this market can lower quality of spent trainings so, objects in view will not be reached.
Though, all depends on how in practice the received knowledge will be realized by listeners. Honey agarics shows that "fuse" suffices for 1.5-2 weeks, and then enthusiasm gradually decreases.

Crisis doesn't render essential influence on training-business. Simply habitual themes are replaced by the anti-recessionary. On change to trainings on time management, command work, corporate culture, motivation of the personnel such themes as anti-recessionary management, anti-recessionary marketing and PR, deduction of clients, increase in sales, etc. They urged to help to correspond to business to those conditions in which there is a business, etc. come.
In crisis additional training of employees since in connection with reduction of the staff of a duty of the dismissed employees перелагаются on other shoulders, them it is necessary to show not simply the ropes affairs is necessary also, but also whenever possible to make so that they carried out the new duties top-level.

Competent heads of the companies will allocate means for company training from the outside under any circumstances. Only in hard times trainings there will pass not all company, but only key employees and top-managers. That is you, as the organizer of trainings, in накладе don't remain at any deal.

Thursday, September 8, 2011

Share indexes have given for two percent

On Friday on September, 2nd, the prices for oil in the world markets have gone down against the publication of weak statistics on economy of the USA. At the London stock exchange IСE the price of October futures for oil of mark Brent Crude Oil has fallen to 1,96 dollars - to 112,33 dollars for barrel. At the New York stock exchange NYMEХ cost of October futures for oil of mark Light Sweet Crude Oil has gone down for 2,48 dollars - to 86,45 dollars for barrel. On RTS FORTS cost of futures for oil of grade Urals has fallen to 3,12 dollars and has made 110,88 dollars for barrel.

The auctions in the Russian share market passed on September, 2nd with fall of indexes. RTS index has fallen for 2,74 percent – to 1657,25 points at volume of the auctions in the classical market of 1,477 million US dollars. The Moscow Interbank Stock Exchange index has fallen to 2,30 percent – to 1515,89 points. The volume of the auctions by actions on ФБ has reached the Moscow Interbank Stock Exchange of 50,014 billion roubles.
On the Moscow Interbank Stock Exchange company "Lukoil" stock value has gone down for 1,80 percent – to 1706,5 roubles for unit (against 1738 roubles for unit). "Gazprom" quotations have fallen for 3,58 percent – to 171 roubles for the action. The price of the previous transaction made 177,35 roubles for the action. Cost of securities of "Rosneft" has gone down for 2,13 percent – to 227,05 roubles for unit (against 232 roubles of the previous trading session). Shares of company "Tatneft" have fallen in price for 1,91 percent, their cost has reached a point of 157,99 roubles for unit (against 161,06 roubles of the previous trading session).

The price of shares of company «Norilsk Nickel» has fallen to 2,00 percent – with 7200 to 7039 roubles for unit. "Severstal" quotations have fallen for 2,70 percent – to 432 roubles for unit (against 443,9 roubles of the previous auctions). Securities ММК have lost in the price of 1,95 percent – to 17,605 roubles for the action. The price of the previous transaction has stopped on a mark of 17,956 roubles for the action. Actions НЛМК have fallen in price for 3,60 percent, their cost has reached 84,84 roubles for unit (against 88,01 roubles of the previous trading session).
The stock value of "Uralkalija" has gone down for 2,26 percent and has made 281,16 roubles for unit (against 287,65 roubles following the results of last auctions). Securities "RusGidro" have fallen in price for 2,28 percent – to 1,2150 roubles for the action (against 1,2434 roubles of the previous trading session). Quotations «Inter of the Russian Open Society» have fallen to 0,23 percent - with 0,034810 to 0,034731 roubles for the action.

The price of shares of company «the Pole Gold» has grown for 0,60 percent – with 1824,1 to 1835,4 roubles for unit. "Polymetal" quotations have grown for 1,10 percent – to 626,4 roubles for unit (against 619,5 roubles of the previous trading session).

"Rostelecom" actions have fallen in price for 7,44 percent, their cost has reached 183,03 roubles for the action. The price of last transaction made 188 roubles for unit. The stock value of the company of MTS has gone down for 1,45 percent – with 224,66 to 221,41 roubles for unit.
"Savings Bank" securities have lost of 3,16 percent in the price, their cost has made 82,40 roubles for the action. The price of the previous transaction was fixed on a mark of 85,09 roubles for unit. "Savings Bank" preference shares have fallen in price for 2,37 percent, their cost has reached on September, 2nd 69,22 roubles for the action (against 70,90 roubles of the previous trading session). The price of bank shares ВТБ has fallen to 2,91 percent – to 0,07408 roubles for unit (against 0,07630 roubles of the previous trading session).

Leaders of growth on the Moscow Interbank Stock Exchange on Friday of a steel of the company «Astrakhan power marketing company», «Zavolzhsky motor factory» and «Sofrinsky experimentally-mechanical factory». Their actions have risen in price for 28,43 percent, 19,98 percent and 15,45 percent accordingly. Leaders of falling on Friday of "Volgogradenergosbyt" (-12,05 percent), "World trade center" (-9,98 percent) and "Mechel" (-5,35 percent).

Industrialists have complained of heavy taxes and low demand for production

According to Rosstata, the index of enterprise confidence of processing and extracting branches since December of last year till August of the current has slightly grown. Thus poll of 4,5 thousand industrial enterprises has revealed discontent of the companies with heavy taxes and reduction of demand for production. In extracting manufactures the index has increased about a minus 3 to 4 percent, in processing – about a minus 6 to a minus of 1 percent. About it the newspaper "Businessman" writes.

Taking into account seasonal prevalence the index of enterprise confidence has decreased at the enterprises for mining operations, distribution of water, gas and the electric power. In manufacturing industry statistical department also has found out pessimistic moods.

Heads of the enterprises have considered a situation in branch not quite favorable. Have well estimated a condition of branch of 70 percent of managers. At the same time third of interrogated improvement of an economic situation the next six months expect.

Thus capacities in August have been loaded on the average for 63 percent. Industrialists complain not insufficient demand in home market, heavy taxes, deterioration of the equipment and shortage of qualified personnel.

Let's remind, in July the Russian industry has grown for 5,2 percent in comparison with the similar period of last year. By June of current year промпроизводство has added 0,4 percent.

Russia has disagreed on audit of EU of arrangements with Ukraine in gas sphere

Russia will disagree on audit by Eurocommission of arrangements with Ukraine in gas sphere. The sootvestvujushchee offer the Minister for Foreign Affairs of Republic Poland R.Sikorsky has made Russia. He has declared that the Eurocommission could carry out a certain audit of the Russian-Ukrainian arrangements in gas sphere.
"Thereupon would like to remind that relations between Open Society" Gazprom "and НАК"Naftogaz"of Ukraine in questions of deliveries of the Russian natural gas to the Ukrainian consumers are regulated by operating contract of purchase and sale of natural gas in 2009-2019, the prisoner on January, 19th, 2009. Compulsion of this contract for Kiev is confirmed, in particular, by ratification of the Agreement by the Supreme Rada of Ukraine between the Russian Federation and Ukraine from April, 21st, 2010 according to which the discount at the rate to 100 US dollars from the price established by operating contract between Open Society" Gazprom "and НАК"Naftogaz"of Ukraine is given the Ukrainian party. Under the Agreement from April, 21st, 2010 there is a signature of the working president of Ukraine. Any attempts to call in question the mentioned Russian-Ukrainian arrangements are legally wrongful. Extremely clear legal frameworks of this point in question don't demand any «external audit» and should be acquired all who is interested in maintenance of power safety of Europe ", the Ministry of Foreign Affairs is told in the statement Russian.



Friday, August 26, 2011

The USA will give Libya of one and a half billion dollars from accounts of Kaddafi

The USA will defrost one and a half billion dollars from actives of Muammara Kaddafi and its environment for the emergency help of Libya. On it informs on August, 26th Agence France Presse.

It is supposed that 500 million dollars will be transferred the international humanitarian organizations. 500 million dollars more will receive the National transitive council generated by opponents of Kaddafi. This part of money will go for salaries the state employee and for some other needs. At last, third of sum will be transferred the international fund which will be engaged in payment of deliveries to Libya of fuel and humanitarian cargoes.
Earlier against defrosting of the Libyan actives has acted as the republic of South Africa which possesses the status of the non-permanent member of Security council of the United Nations. The South African diplomats who don't recognize National transitive council as legitimate authority of Libya, insisted that transfer of assets should be spent only from the sanction of the African union. In turn, Americans were going to take out a question about разблокировании means for voting of Security Council of the United Nations. As a result representatives of the republic of South Africa have conceded, and voting wasn't required.

Financial assets of Kaddafi and the Libyan officials have been frozen the USA in February, 2011. Then it was informed that the sum of the blocked actives has made 30 billion dollars.
On Thursday, on August, 25th, one of leaders of insurgents of Mahmud Dzhibril has urged the international community to help urgently to Libya as in the country humanitarian crisis becomes aggravated. Soon the prime minister of Italy Silvio Berlusconi has promised to defrost accounts of Kaddafi and its environments which are in banks of the country.

Saturday, August 13, 2011

The prices for oil fall on fears for economy of the USA




Moscow, 12 авг - RIA Novosti news agency. The world prices for oil on Friday decrease on the average on 0,4-0,91 % against fears of investors concerning negative influence волатильности the markets of last weeks on process of restoration of economy of the USA, the data of the auctions testifies.
Cost of September futures for the American easy oil of mark WTI (Light Sweet Crude Oil) at the electronic auctions in New York as of 7.42 has decreased Moscow time for 0,78 dollars, or on 0,91 %, to 84,94 dollars for barrel. The price of September futures for a North Sea oil mix of mark Brent has lost 0,52 dollars, or 0,48 %, having made 107,5 dollars for barrel.

During trading session on Thursday of a stock exchange of the USA were restored after falling more than on 4 % the day before. Investors have positively reacted to strong reporting CISCO Systems and positive статданные on a labor market. So, the number of primary demands for the unemployment benefit in the USA for the week which has come to the end on August, 6th, was reduced on 7 thousand, having made 395 thousand. The data has appeared better forecasts: experts expected indicator increase at 5 thousand - to 405 thousand from not reconsidered indicator in 400 thousand.

The Russian share market can continue falling

The Russian share market will continue today falling as the external background since the morning hasn't improved, but during the day can be stabilized in expectation of any decisions from Federal reserve system of the USA, analysts believe. We will remind, Monday after historical fall by agency Standard and Poor's a credit rating of the USA has come to the end with falling of the basic quotations at stock exchanges worldwide. The Russian stock market has suffered more only. RTS has the day before failed approximately for eight percent. The auctions here open these minutes. The Moscow Interbank Stock Exchange will earn approximately in half an hour. The day before the index has lost 5,5 percent.

Meanwhile, the chief of analytical management of Bank of corporate financing Maxim Osadchy urges not to perceive seriously a collapse of the markets. In its opinion, it only "shock".
Apparently, the further falling of the markets probably. Analysts from Standard and Poor's have added fuel to the fire again, having declared that estimate probability of the further fall of a rating of the USA below level "АА +" as one to three. And here also other agency, "Mudis", has threatened that till 2013 year can follow the lead Standard and Poor's. It will occur, if prospects of development of the American economy worsen, or Washington can't justify expectation on reduction of budgetary deficiency

The USA have prolonged law action on restriction of trade with Belarus



US president Barack Obama has renewed federal law International Emergency Economic Powers Act (IEEPA), allocating head of the state powers to regulate trade relations with the countries posing threat for the United States of America.

In the list of the countries, trade relations with which are limited to law IEEPA, are included Iran (since 1979), Myanma (since 1997), Sudan (since 1997), Russia (since 2000, for export prevention высокообогащенного uranium), Zimbabwe (since 2003), Syria (since 2004), Belarus (since 2006, for destruction of democratic institutes), the North Korea (since 2008) and Libya (since 2011, after aggression of the authorities concerning civilians). Prolongation of period of validity IEEPA was technical.

«In case of the expiry of the term of action of the law there will be a considerable threat of national safety, foreign policy and economy of the USA. Law positions <…> should operate after August, 17th, 2011 (term when expires term of the previous decree of the US president about prolongation IEEPA). According to the current legislation I продляю law period of validity for one year», — is told in the text of the decision of the US president which copy it has directed in the evening on August, 12th to the congress.

The USA will print 600 млрд dollars




The federal reserve system of the USA starts again the press.

Predictably, the monetary weight being in circulation will be increased on 600 млрд dollars, transfers ITAR-TASS.

The sense accepted ФРС decisions consists in trying to urge on economic growth in the country and by that to force creation of new workplaces. Whether the accepted measure will work, it is not known. Many experts say that in a bankovsko-financial system of the USA now and without that more than it is enough money.

Saturday, July 23, 2011

What will be with economy of the USA?



Recently so from all screens and from all динамиков our people to see, have badgered and застращали any horrors about economic accident threatening to the West that me about different things with applications of terrible expressions of type "default", «a credit rating» and other horror even more often began to ask.

At one my correspondent, very touching, actually the person sincerely grieving about destinies of a civilization, the candidate of philosophical sciences, directly cry from the heart has escaped: «Write, please, about a default to the USA. Really the American economy in such bum»? I at first have melancholically waved away: «I will Write hardly, but you for them don't worry. At all of them will be in a full order». However the philosopher wasn't appeased: «I for them don't worry, but to me really it is not clear, why at the USA such enormous external debt. Also afflicts gloating around — Americans-parasites have finished badly at last».
Me, truth, gloating doesn't afflict, I, first, have got used for a long time to it and even, probably, would miss, if it wasn't, and, secondly, itself so these Americans I hate that I can not directly eat. But, I feel, it is necessary to tell all the same some words about this history to calm especially sensitive domestic philosophers.

I can begin, of course, here the erudition to show and any clever words to use, but to sense from it won't be equal what. As soon as we will reach any "swaps", people though something understanding will start to yawn with boredom, and the others завязнут in a never-ending train of in passing arising questions. So give really in a few words and absolutely in a simple way.

That impudent грабилово which at us has been arranged in 98th, to the present civilized default has the same small relation, as the doctor-stomatologist to the doctor of philosophy. Therefore it is not necessary to itself to represent that now Americans as we then, will be built in long turns in exchangers on purpose to get rid of promptly falling dollar and dream to buy if not euro and yuans so though there are some roubles, and their banks will disappear together with money of clients. However, that ostensibly threatens the USA, too concerns this default not much большее, purely formal therefore to a terrible word and definition "technical" is added usually that does all term entirely for the ordinary inhabitant practically not significant.
But nevertheless it is necessary to mention three main horror films. Deficiency of trading balance, a budgeted deficit and a public debt. That is, all is formal it exists actually. The USA buy more than sell, thus the State expenditure more than tax revenues, and the country borrows money. But in a reality all is full nonsense and on the named concepts it is not necessary to transfer our household representations about the person who at the salary in fifteen thousand goes by "Mercedes" and was up to the ears in debt to all relatives and acquaintances.

In present liquid transnational economy that in general who makes and as this trading balance is calculated, a piece even not virtual, and almost already astral and mystical. At me the friend supervises in New York over the several newspapers which owner, the citizen of Israel, lives in Germany, impose editions in Belarus, group of computer support at us in Dolgoprudnom, and money overworks on advertizing from every corner of the globe. And it so, the smallest and primitive example, the present business is even more poured on a planet and from what country at it actually feet grow, it is simply impossible to establish more often.
But has put at all in it. And that for a long time already not so simply to define, and even simply to understand and that, actually, is on sale and bought. It was simple earlier. The country doesn't make enough foodstuff that to support, means, should sell something, for example oil that on this money to buy, say, grain. Oil has fallen in price, money for grain didn't begin to suffice, there was a sensation of easy hunger. That it hasn't amplified, have started to borrow. And on sale to make anything except oil haven't learned, and it has still fallen in price, and to repay debts there is nothing. Here and all great economic knowledge.

And now with many so-called civilized countries which we so like to name "so-called" because, naturally, actually it only we civilized, and so, with these wild countries at all is very difficult for understanding that they actually make and that sell. As even the American jeans in America any more don't sew. That is, not absolutely all is awful, somehow they still to support themselves and back can cover, but from real things, as a matter of fact, except, strangely enough, already mentioned wheat in anything plainly don't trade. But somehow so it turns out that all goods are done by Chineses, and economy the largest all the same at the USA. Certainly, Shevchenkos with Leontevym will quickly explain to you that it is continuous additions and a cheating, but, thank God, the mentioned misters aren't the basic buyers and consumers made in America. And even the highest high technologies, and even most прорывные inventions and discoveries though occur till now from the same USA, but even not they are the main article of export.
And here that actually is the main article, I to you now won't tell. Therefore, as differently we absolutely will leave aside. Some, in my opinion, wrongly, name it "senses". I can while extremely conditionally to designate only it a certain product of the third order and on that already precisely to stop not to be fond. But it is all the lyrics, and it is enough to us to understand the only thing. That now makes and is sold by China, the mankind can quite manage. To China will be without it very much, probably even it is already deadly, heavy, and the others покряхтят, of course, поноют, but will quite survive. And here that make and sell the USA, the modern civilization for today, and in the foreseeable future, well in any way can't manage.

To that all other is technical details, as that «a technical default», of which each other republicans with democrats simply frighten to solve own small interparty problems. But frighten very much not sincerely as perfectly understand, as to the opponent too it is not terrible, as all is standard ritual and anything else.
So on second of August they will agree, will formally lift a debt lath and another will occur nothing. Or will occur. For some days will detain pensions the state employee and payment of percent on state papers. Will represent all it as terrible accident then besides will agree. To noise, of course, it is a lot of, but it not long-range artillery on approaches to Berlin in 45th, it at the next night club petards and шутихами play about.

The attentive reader, probably, has noticed that I at all haven't mentioned such trifle that those dollars in which are nominated, in my opinion, more than conditional debts of the USA also are printed by the USA and not so cost much in manufacture.

By the way, the same Chineses, main possible бенефициары a world economic and financial reorganization, perfectly it is all understand, and though secretly lick for certain lips, but especially don't twitch. I specially didn't want to give here any citations and to refer to authorities, Whether but nevertheless I will dare to result pair of lines from the statement of the director of Institute of Asian-Pacific researches at the Chinese academy of social studies of Sjanjana, ardent, by the way the fighter with the American dollar as base of a currency exchange: «Chances that the United States of America will face public debt crisis as it was in Greece, is insignificant are small. First, the statistical data shows that investors are still interested in purchase of new American promissory notes. Secondly,« the technical default »won't force Central Banks of other countries which are the basic holders of promissory notes of the USA, to dump these securities on cheap stuff».

Here, actually, let and through clenched teeth, but all is told. If to add that percent on the mentioned promissory notes so and haven't exceeded till now three percent and at all to speak more nothing it is necessary. Anybody seriously doesn't concern forthcoming American financial and economic accident, and we should calm down. At least, about it.
One my friend of a youth, nowadays for a long time the late, very talented director, shot just the first film, however already very much abused that, usually, however, didn't disturb to creative and industrial processes. But once in the morning on a platform the studio bus has stopped, the door has opened and on steps there was my friend in a condition which has caused fear in the script writer waiting for the director for any joint actions. The girl also has tried to express These fears in the softest form: «Nikita, can, we will cancel shooting, you standing don't stand, лажа will be». Nikita has looked at it a steady gaze and has accurately said: «Lazhi not бу.». Then has dropped out of the bus, having fallen asleep hurriedly. Anything to itself hasn't damaged, a film досняли, and it has received set of prizes on different international film festivals.

Yes, and in the conclusion, two most important moments.

First, and all modern world in general, and at the USA in particular, has huge, some even plainly not clearly as solved problems both in economy, and in the pure finance, in many other areas. But they aren't connected with declared for August, second in America the dramatized apocalypse.

And, secondly, what there publicly and in mass-media spoke and different world financial authorities and officials declared, actually, as practically always happens in similar cases, approximately forty serious economists and financiers adhere to percent similar from my point of view, as much have opinion opposite, and the others fairly admit that representations have no, as the card will lay down. Therefore at my readers just the same and in quantitative and in a qualitative sense a choice. It is possible to believe to me, it is possible to send me, and it is the most reliable — to shrug shoulders puzzly.

But all the same will be how I have told.

Alexander Vasilev

Tuesday, July 19, 2011

Threat of a default of the USA: world economy in disturbing expectation

On July, 19th, Minsk/belta - ITAR-TASS/. Seeming several months ago impossible event - the default of the United States on the debts - is considered now by the world market as one of variants of the further course of affairs in world economy. Threat of loss of the USA to solvency was created as a result of achievement by them in the middle of the past May a marginal level of the state debt confirmed by the Congress, - $14,294 bln.

While the Ministry of Finance manages to be kept in this sum at the expense of clearings of short-term promissory notes. However, as Minister of Finance Timoti Gajtner declared, after August, 2nd of current year all additional possibilities will be settled also the country it will appear in the conditions of a default.
To avoid it, the Congress should make the special decision and increase the limiting size of a state debt. If it doesn't happen that in two weeks the American government can't carry out to the full of all financial obligations any more, including and debt service. At it money for a covering of growing expenses will simply end in necessary quantity.

In the end of the past spring Barack Obama's Presidential Administration and the Congress have started consultations of increase in the size of a state debt of the USA. To spend similar reductions in the conditions of coming nearer presidential election is a variant unacceptable for Barack Obama as they will seriously undermine its chances to remain and after November, 2012 in the Oval office of the White house for the second term.

Barack Obama carelessly named one of these days a possible default "Armageddon". These words of head of the White house have radically changed an estimation the business world of a developing situation. As the London newspaper "Tajms" hasn'ted, for the first time in a post-war history possibility of a default of Washington under the obligations has risen in the agenda of world business.

That fact that now the world markets don't exclude a default of the USA, has caused the past days powerful increase in demand at gold when the price тройской ounces left at the New York gold stock exchange on level of $1607.

As it became known, the administration of the USA in an emergency order prepares a spare variant, the so-called plan In, on an absence case for August, 2nd of the decision of the Congress about increase in a marginal level of a state debt. According to the information available in business circles, its problem - not to admit a default even in absence at the government of enough of money.
It consists in giving to the US president special powers on increase in a debt ceiling at $2,5 bln. till the end of 2012. However in this case Barack Obama will be compelled to incur all responsibility for debts increase as the head of the state. One more of variants - to collect forward taxes from the largest American corporations and banks.

Leading independent experts agree in opinion that absence of the decision on increase in the limiting size of a state debt of the USA by August, 2nd will lead to a storm in the world markets and will cause recession of the American economy. "Events threaten to develop under the crisis scenario", - warns in turn TV channel of the business information "Blumberg".

As experts mark, the present problem of the state debts of the USA became in many respects an event consequence in 2008 of global financial crisis. Arisen in the USA, it has put all world financial and bank system on a crash side. In this sense present threat of a default of the USA is only one of sides of display of this crisis.

Anyway the increase in a limiting limit at the size of a state debt of the USA though won't admit a default, however will lead to the further aggravation of a problem of the state debts of Washington. Thus, ahead of the USA hard times wait very much.

Saturday, July 16, 2011

Crisis yet has not ended

Axel Weber: the economic forecast and the state finance were not stabilised, crisis yet has not ended.

Crisis yet has not ended, but the economic forecast and a condition of the state finance were decently enough stabilised, the representative of Operating council ETSB has declared today the Axel Weber.

"I yet do not speak about the crisis termination even if the economic forecast has improved, and the condition of the financial markets continues to be normalised", he has noted in the performance.

"The patient already left resuscitation, but its immune system is weakened, so relapse is not excluded".

Weber has noticed that the program of purchase of bond ЕЦБ while worked well, however "completely the situation with liquidity in the market was not stabilised yet".

The state measures of provision of economic incentives, and also automatic stabilizers have provided a strong impulse which has helped to normalise cumulative demand in an eurozone, the head of Bundesbank has informed.



"Nevertheless, a problem there is a fast and strong growth of a debt. We assume that the fiscal policy should return on a consolidation way as soon as economy restoration becomes steady".

He has warned the government of Germany that it will be necessary for it to return deficiency in limits of value of 3 % from gross national product which are provided by the Pact about stability and growth. Chancellor Angela Merkel earlier this week has declared that she expects falling of deficiency below 3 % in 2013 or 2014.

The head of the Central Bank has warned that "quickly growing" deficiency of the state finance in the long-term period becomes not only a burden for the capital markets, "but also danger to the monetary policy, сориентированной on stability".

He has noticed that state debt level in an eurozone as a whole will grow more than to 88 % from gross national product to 2011 from 66 % in 2007, according to Eurocommission calculations.

"Considering already high level of a debt, it is possible to assume that political pressure upon an eurozone will decently increase the next years".

Nevertheless, ЕЦБ has already proved that it is attached to the primary goal of preservation of price stability, Weber underlines.

He also has urged Deutsche Banks to finance more business with state support use. He has noticed that restoration секьюритизации in Germany would be as it is impossible by the way.
Portal "Forex of the Analyst”

After the day which has begun in first half of movement in support of dollar, the market Forex has a little quickened.

The euro/dollar pair has shown волатильность about 150 points. The reasons of the given movement have been specified in a yesterday's American premarket.

To it it is possible to add some more factors: proceeding instability of a situation round Greece. As it became known, the data presented by the country did not display a true state of affairs which in Greece the little are worse. As well the index of business expectations of Germany has appeared worse forecasts.

The pound has found the reasons for decrease when it was found out that the American manufacturer of confectionery products Kraft has offered the sufficient sum (3,1 billion pounds) for absorption of British competitor Kedberri.

Dollar/yen has grown since yesterday almost on 100 points that promoted by considerable growth of quotations in the share markets.

Canada, predictably has left the interest rate at former level of 0,25 %. Following the general strengthening of US dollar, pair USDCAD has grown by the given moment more than on 100 points.

Despite universal growth of the American currency, I assume its turn, as a last resort, боковик. On many tools the dollar has rested against the significant levels demanding correction or a turn. On euro/dollar the price can fall approximately to 1,41/1,4150 (38,2 % on Fibonachchi from a growing long-term trend of last year) then I expect its growth to 1,45 and above.

Levels are not punched yet and remain former: resistance on euro 1.4570 and further 1,4825, support 1,4150.

Support for yen: 90.75, 87,75, resistance 93,15.

The Australian dollar: resistance nearby 0.9325., support 0,9150.

Weak data on inflation has put pressure upon Canadian dollar

Data on inflation from Canada has appeared completely not favorable for bulls on loonie and, having added the list of negative factors for the Canadian currency, became the catalyst of jerk dollar/kanady above оферов around C$1.0400 therefore now under fire there were orders on sale in the field of C$1.0420/25. Dealers remind that above C$1.0430 stops are placed, and their execution will allow to count on the further development of ascending correction. Биды now are visible nearby C$1.0395/90, the basic warrants remain in the field of C$1.0370/60.

Friday, July 8, 2011

Putin has told that Russia will continue to be in the lead in world oil extracting

Oil recovery in Russia this year is expected at level of 508-509 million tons, prime minister Vladimir Putin at meeting concerning development of oil and processing branches in the city of Kirishi has informed.

Ministry of economic development and trade predicted earlier oil recovery volume this year at level of 505 million tons. Deputy minister of Energy Sergey Kudryashov declared on July, 1st that oil recovery in the Russian Federation following the results of 2011 will increase by 1 % in comparison with previous year and will make 509-510 million tons.

Putin has reminded that last year of the Russian Federation has come out on top in the world on oil recovery - about 505 million tons, and it is an optimum level, transfers RIA Novosti news agency.

- Third of all Russian export is necessary on oil

"Basically, this year extraction can be hardly more than in the past - somewhere 508-509 million tons", - has told the prime minister.

Also he has told about responsibility of the oil companies on home market maintenance. The volume of obligations of the oil companies on maintenance of home market with oil products should be proportional to volumes of extracted oil, Putin has declared.

"The oil companies should bear responsibility for home market maintenance with qualitative oil products. I ask to perceive it as an unconditional priority", - the prime minister has told.

"I consider that the volume of obligations of the companies on home market maintenance should be proportional to volumes of extracted oil", - he has told. The prime minister has suggested departments to discuss how to reflect this requirement in licenses for working out of deposits, for example, with the sizes of stocks from 5 million tons of oil.

The head of the government also has charged to bring within two weeks in the government projects of the decisions providing gradual rapprochement of duties on oil and dark oil products.

"In prolonged discussion about alignment of duties on crude oil and dark oil products it is necessary to put an end. I suggest to begin gradual rapprochement of level of duties. Within two weeks I ask to provide entering into the government of the project of corresponding decisions", - Putin has told.

Still it is entrusted to government to prepare calculations of material balance of manufacture and consumption on all principal views of fuel and oil products.

"The clear material balance of manufacture and consumption on all principal views of fuel and oil products is necessary to us. I ask Ministry of Economics, Minpromtorg and Ministry for the Power Generating Industry to prepare necessary calculations", - the head of the government has told.

The government supports idea of signing of agreements ФАС, Rostehnadzora and Rosstandarta with the petrocompanies under programs of building and reconstruction of oil refining capacities, prime minister Vladimir Putin has informed.

Thursday, June 30, 2011

Day Forex: ЕЦБ will define the further trend



Condition at 12:00 Moscow time, on June, 9th, 2011 euro cost has come nearer to a mark of 1,463 American dollars. The currency market has taken waiting positions. But, according to many analysts and YOKES «the North the Capital» in particular, discount rate will be solved at session ЕЦБ which according to preliminary data is planned on Thursday. Possibility of increase of this rate on 25 б.п. обговаривалась even on the eve of the event, but already the middle of day was marked by calm. For participants of the market it is necessary to take of a position of patient expectation and to hope for the fast similar decision.

For the currency market of the USA similar change of rates yet close prospect. As Ben Bernanke declares, chairman ФРС, economic indicators of the country at low enough level without looking at all that an economic course true. Additional barriers he names a global rise in prices in the markets of raw materials and an earthquake consequence in the rising sun country. For situation settlement the monetary policy soft enough is necessary. Economy restoration can be measured only by growth of employment and duration of this period. While it doesn't happen, – Ben Bernanke has declared, – the confidence of any shifts can't be supposed.
Problems with debts are observed not only in the countries of Europe, but also in the USA. America has no monetary sources for growth stimulation. In the event that the congress will disagree on approval of increase of a state debt at maximum permissible level forecasts of a rating of States will decrease.

The budgetary problem of the USA didn't enter at all the period of the decision of problems as absence of visible ways of inflow of the foreign capital testifies to it. According to Joe Terranova, the senior strategist Virtus Investment Partners, in the USA high cost of import oil, huge budgetary deficiency and astable trading balance still reign. Therefore on an extent of uncertain time, the monetary policy of the country will be not enough firm, and level of economy because of it will remain same weak.

Information business

One of managers of the company specializing on realization металлопластиковых of windows again reflected on methods of increase of sales. During this moment in his head the idea which has turned all its further life has arisen. The man has thought up an original marketing course which at a competent investment of time and means can easily outgrow in independent business.
The idea consists in buying base to a mobile phone both the most primitive and cheap cellular device. By the way, if who doesn't know, the base is слот for a sim card of the operator of a network to which in a consequence simple stationary phone or мини automatic telephone exchange is connected. Now it is necessary to find more populously a place where for a day takes place hundreds persons, and we agree with its owner about creation here «the Information corner».
In a place inaccessible to extraneous eyes the above described base together with phone connected to it is put, and the device is put in a prominent place. Over it it is necessary to place the board bright and drawing attention with the information necessary to you. For experiment here have been placed металлопластиковые windows with an inscription «Receive free consultation right now».
Each curious person approaches to phone, and lifted the receiver, in which he heard a pleasant voice of the operator: «Good afternoon, my name is Anja, than I can help you?». Variants of answers can be picked up at own discretion. Now the success of action depends on the operator who politely and unostentatiously should consult the potential buyer, learn its telephone number and thus push to acceptance of the decision necessary to you.
For the greatest economy of means the given technique can be used for the general on a theme of groups of the goods and services, for example, to inform people in the field of entrance doors, shops of building materials, and even repair brigades. Looks for some the interested organizations, and on the board we specify that for consultation on installation of doors – press 1, on acquisition of windows - 2 - etc.
In one city it is possible to create to such 100 of "information corners», each of which will start to bring in the quite good income shortly.
The given technology absolutely new, unusual and consequently is doomed to success. «The information corner» will cause interest in visitors of concrete shop about one month then it should be transferred to another where it will continue "work". In a complex with stationary phones it is possible to use precisely adjusted routers. In this case the communicator is necessary for operative work of the competent operator and is established in its premise.
The founder of the given technology just starts it to use in a reality, therefore any exact calculations at it aren't present. However it can be used as an effective method of advertizing for what it is necessary to place some points around the city, to plant on a workplace of the operator, to find advertisers and to solve a financial question.

Sunday, June 19, 2011

The new large companies can be included in the list of privatization since 2012

The new large companies can be included in the list of privatization since 2012 the government of the Russian Federation, the vice-premier of the Russian Federation Igor Shuvalov has declared in a lobby of the Petersburg international economic forum, informs "Finmarket".

Making comments on possible offers of the government on acceleration and increase in volumes of privatization, Shuvalov has told that in 2012 the government will precisely include the new companies in the list of privatized objects. The same plans rather and the next years. However in 2011 to include the new companies in the list of privatized objects hardly it will be possible, the vice-premier is convinced. The prime task - to privatize objects which are already included in the list.

It is necessary to remind that president Dmitry Medvedev spoke about expansion of the list of the privatized enterprises in the speech at a forum.

He has demanded from the government to correct plans of privatization of large state companies till August, 1st, 2011.

"Great volumes of the property aren't necessary to the state so. The government has presented offers under the schedule of privatization of the large companies. Realization of these plans, certainly, is necessary, but they are too modest", - Medvedev has declared.

"I consider proved refusal from control, and in some cases - and from blocking share holdings in many large companies which are today in state property. More careful approach is required only concerning infrastructural monopolies and the enterprises necessary for maintenance of military safety of the state", - the president has underlined.

"I am assured, we can carry out privatization by transparent modern rules - to involve effective private investors and to collect the big means for the Russian budget", - the president has told.

As the assistant to the president Arcady Dvorkovich has informed, in 2012-2014 incomes of privatization should make not less than 450 млрд roubles a year.

Minsk can not obtain the Russian credit if won't change a position on import

Ministry of economic development and trade of Russia can support revision of credit cooperation with Belarus if its position on import restriction doesn't change, Andrey Slepnev on Saturday has declared the deputy minister of economic development of the Russian Federation to journalists.

"Hardly we will contact courts, but, probably, we will support to look at credit cooperation", - Slepnev in a lobby of the Petersburg international economic forum has told, informs RIA Novosti news agency.

In June the agreement on allocation of Belarus stabilization credit for 3 billion dollars from the Anti-recessionary fund EvrAzEs more which half of capital it is generated at the expense of a payment of Russia has been signed. It is planned that the first tranche at a rate of 800 million dollars will arrive to Belarus in June.

"We have directed them (Belarus) inquiry about official consultations because measures which now are accepted on crediting restriction, to restriction on currency purchase, on restriction of the private businessmen buying the Russian accessories, is very coarsely breaks those agreements which we have reached within the limits of the Customs union and a zone of free trade, and that is planned since January, 1st (ЕЭП)", - Slepnev has told.

Sunday, June 5, 2011

To the beginning of June the Russian inflation has reached 4,8 percent



To the beginning of June inflation in Russia has reached 4,8 percent, is informed in the official press release of Rosstata. For a week from May, 24 till May, 30th the consumer price index has grown for 0,1 percent, from the beginning of month – for 0,5 percent. Last year the similar indicator of inflation from the beginning of year has made 4,0 percent, from the beginning of May – 0,5 percent.

For a week have risen in price millet - on 0,5 percent and fish - for 0,3 percent. The prices have decreased on eggs (4,3 percent), sugar (1,0 percent), a flour, rice and cheeses (0,2-0,3 percent). Vegetables have on the average fallen in price for 0,5 percent. Including the prices for cabbage have gone down for 4,1 percent, onions - for 1,1 percent. The potato has fallen in price for 0,9 percent. Apples have risen in price for 0,4 percent. The prices for automobile gasoline have grown from May, 24 till May, 30th for 0,6 percent, on diesel fuel – for 0,4 percent.

By data Equipnet.ru, the head of the Central Bank Sergey Ignatyev has declared that, the next 4-6 years Russia leaves on a rate of inflation in 3-5 percent. Under forecasts of Bank of Russia inflation in 2011 will make 6-7 percent, in 2012 this indicator will reach a point of 5-6 percent. Further the rise in prices in Russia will be slowed down, the head of the Central Bank considers.

Moody's Threatens to lower a credit rating of the USA



NJU-JORK (Рейтер) - At the USA exists very small, but growing risk of a short-term default if the debt limit of the country is not raised the next weeks, agency Moody's Investors Service has informed on Thursday.

In statement Moody's it is said that the agency will put a credit rating of the USA "Aaa" on revision with fall possibility if legislators in Washington don't achieve essential successes in budgetary negotiations to the middle of July.

"As the risk of grows that this desperate situation will last, if progress is not obvious to the middle of the July, the similar rating decision is probable", - has reported.

The forecast of a rating of the USA while is stable, however agency Standard and Poor's in April has reconsidered the forecast of the American rating to negative, referring to similar fears concerning political dispute in Washington.

Serious clashes of opinions increase chances of a short-term default by a debt limit. If this situation doesn't change the next weeks, Moody's will begin rating revision, the company has informed.

If the debt limit of the USA is not increased, on August, 2nd or later to the Minister of Finance of the USA by Timoti Gajtneru, possibly, it is necessary to choose, what accounts to pay. It can decide to delay payment of social benefits to pensioners, to detain a payment the military man, to sell any governmental actives or not to pay to holders of the state bonds.

The budgeted deficit of the USA, predictably, will reach $1,4 trillion this year. Debt "ceiling" now makes $14,3 trillion.

The rating agency has informed that if the debt limit will be increased, and the default will manage to be avoided, the USA will keep a rating "Aaa". Nevertheless, the rating forecast will depend on an outcome of debt negotiations.

"Fall Moody's strengthens pressure upon leaders of the Congress, forcing them to work persistently for achievement of the agreement on increase in debt"ceiling", - Katie Lajen from GFT Forex has told.

(Daniel Bejsis with the assistance of Nika Olivari, Julia Zaslavsky has translated. Editor Dmitry Antonov)

Cucumbers at anything

from the European center on control and preventive maintenance of diseases have defined штамм Escherichia coli (an intestinal stick) which has caused flash of an intestinal infection in Europe.

The majority штаммов an intestinal stick are harmless and make a part of intestinal flora of the person and animals. Some versions of an intestinal stick, such as энтерогеморрагическая an intestinal stick (EHEC) cause a serious illness of a gastroenteric path. Symptoms of defeat of organism EHEC – a diarrhea with blood, heat and vomiting.

The incubatory period lasts on the average 3-4 days. The majority of patients recovers within 10 days, but at some patients (basically it is children and people of advanced age) probably heavier clinical course and development of a haemolytic uraemic syndrome (GUUS). One of the most serious complications - sharp nephritic insufficiency. All over the world GUUS is the most widespread reason of development of sharp nephritic insufficiency at small children.

EHEC actively grow at temperature from +7 to +50°С (optimum temperature for growth +37°С). Bacteria perish at temperature 70°С and above.

Infection source as a rule is the horned cattle. Infection occurs because of insufficient thermal processing of meat and milk. Also the infection can occur through water to which excrements of the infected animals have got, and at non-observance of rules of personal and kitchen hygiene – probably cross infection through ware and kitchen stock. Infection through fruit and vegetables occurs because of contact of products to excrements of animals.

For infection preventive maintenance observance of personal hygiene, carefully to wash fruit and vegetables is necessary, not to neglect thermal processing, to observe a temperature mode at storage of products. The bacterium which has amazed Europe concerns to серотипу 0104: H4. Штамм has been allocated from fabrics of patients in Germany and Denmark.

The infection source is still unknown. Originally was considered that to all fault salad cucumbers from Spain. But the information hasn't proved to be true.

The senator concerning public health services of Hamburg Kornelija Prjufer-Shtorks on air of German television referring to the data of institute of Robert Koch has informed that the infection can be transferred not only through foodstuff, but also from the person to the person.

Еврокомисия has received from the authorities of the Russian Federation the formal notice on an interdiction of import of the agricultural products made in Europe that makes an order of 20 % from all vegetables brought to the Russian Federation.

Saturday, May 28, 2011

Forex - GBP/USD has grown in the end of the American session

Forex Pros - Friday. The currency the British Pound has grown against the American Dollar after release of the information of the USA on an indicator "Incomplete sales of habitation".

GBP/USD Bargains 1.6508, adding by the time of a writing of the given comment of 0.62 %.

It seems that the pair has found support at level 1.6060 that corresponds лоу Monday. Resistance while is level 1.6514 - find fault today.

Earlier industrial data has shown that "the Information on incomplete sales of habitation in the USA" has changed unexpectedly taking into account seasonal fluctuations last month to-11.6 % from 3.5 % (for last month). This data has been modified on falling from 5.1 %.

Analysts expected that "Incomplete sales of habitation in the USA" decrease to-1.0 % last month.

Meanwhile, the British Pound has fallen against Euro and has grown against Japanese Yen. EUR/GBP increasing by 0.60 %, has reached 0.8674 and GBP\/JPY having risen on 0.02 %, has reached 133.38.

Tuesday, May 24, 2011

Americans will share business secrets with Krasnoyarsk businessmen


The American company 5iTech will spend at the Siberian federal university (Krasnoyarsk) a course of lectures devoted to prospects of commercialization of scientific workings out, transfers «Independent news agency».

With a series theoretical and a practical training Stefan Viks and the chief of department of the international cooperation of the company of Valentine Gutorova will act the vice-president on technologies 5iTech. The Course of lectures is read in English with transfer. The program consists of two parts: «Commercialization of foreign technologies in the North America: company experience 5iTech» and «the World market of innovations».

To beginning businessmen and students will tell about how to deduce the company on the international market, on what it is necessary to pay attention, and also about features of business dealing by strategic partners from the various countries of the world. Listeners of lectures learn, in what uniqueness of the Russian innovative workings out and what advantages the Russian companies consists have from the point of view of foreign investors.

Let's notice that the Russian state tries to support small innovative business. In particular, not so long ago president Dmitry Medvedev has signed the law allowing innovative small and average business to rent a premise at high schools and scientific research institute without carrying out of competition or auction. The updated legislation should make active creation of small enterprises at high schools and scientific research institutes. Besides, works regarding granting of tax privileges innovative to the companies are conducted.

The rouble has won back a part of losses thanks to taxes

Moscow, on May, 24th (Рейтер) - the Rouble on Tuesday has a little restored losses of Monday against sale of an export gain for tax payments, but flight of players from brave actives proceeds.

"The basket has fallen because of taxes and profit fixing on" лонгам "which undertook last days, but support to a basket on - former was rendered by capital outflow", - the dealer of the western bank on the condition of anonymity has told.

Rouble quotations to бивалютной to a basket ($0,55 and 0,45 euros) have finished the auctions on the Moscow Interbank Stock Exchange at level 33,58 roubles, basket cost has decreased for 6 copecks.

The dollar in section calculations has decreased "tomorrow" during the auctions for 14 copecks to 28,36 roubles.

The euro calculations has grown "tomorrow" for 3 copecks to 39,99 roubles.

According to Andrey Mishko from Nomos of bank, a negative background, including a situation in an euro area, has put pressure upon the rouble which support from exporters wasn't so appreciable today, as the companies, possibly, converted currency under taxes in advance.

The euro was restored on Tuesday from a two-month minimum to dollar. Investors have decided to benefit by its falling, but growth was very constrained because of fear of distribution of debt problems of an euro area.

The technical expertize of Rejter has shown that now in the center of attention level of $1,4140. If the euro goes much more low from current levels, it is not necessary to count on its restoration above the designated value.

Resistance level now is on a mark of $1,4150 and if the euro punches it, it can raise волатильность in a range $1,4000-1,4350.
"We expect that today the rouble will win back a part of losses as in foreign markets there were stabilization signs. Besides, certain support to rouble, possibly, will be rendered by exporters who can continue to sell a currency gain on the threshold of payment of excises on Wednesday", - analysts ВТБ of the Capital write.

This week in the Russian Federation the tax period proceeds: about 180 billion roubles will leave on payments of excises and НДПИ till May, 25th and 150 billion roubles on profit tax payments on May, 30th.

After end of taxes the rouble can continue decrease, believes Mishko.

"Considering proceeding outflow of the capital, along with decrease in positive balance of the account of current operations because of intensive growth of import, risks of easing of rouble become more and more obvious", - considers ВТБ the Capital.

Yandex has risen in price for 40 % during a debut in the USA

Moscow, on May, 24th (Рейтер) - the Largest Russian Internet - the searcher Yandex has risen in price for 40 percent during the debut auctions at the American stock exchange Nasdaq on Tuesday.

Company quotations exceed $35 against the $25 defined in a course прайсинга and allowed it and to shareholders to involve about $1,3 billion. Thus the price of actions in the beginning of the auctions reached $61.

IPO Yandex became one of the largest placings of the Russian companies after crisis of 2009, the second largest placing of the Internet company after world Internet giant Google, and also the first placing of the Russian company on Nasdaq since 2006.

One of sources has told Rejter that the book was переподписана 17 times, however, as mark many operating actives, the resubscription could develop partly and that potential investors, without counting on satisfaction of the demand even in an essential measure, raised its volume in times.
In some hours prior to the beginning of the auctions in the USA Yandex has defined the placing price on the top border of a price range - $25 for a paper that meant company cost in $8 billion, and analysts believed that despite so appreciation, quotations can grow during the first auctions.

The day before before closing of the book of demands Yandex has raised a placing range for 20 percent - to $24-25 c $20-22, and, according to one of sources in the financial market, already after closing of the book organizers of placing discussed possibility of increase of a range to $26-27.

"Within the limits of IPO it is impossible to name an estimation of Yandex low, however in short-term prospect we expect high speculative demand for company papers", - analysts of Uralsiba write.

"If to assume that EBITDA Yandex in 2011 will grow according to rates of increase of the market of contextual advertizing (growth for 60 percent in the first quarter) the company estimation on EV/EBITDA will make nearby 23. It corresponds to an estimation at 22-27 for the developing companies of sector of electronic commerce and quickly growing Chinese the Internet - of the companies", - analysts ВТБ of the Capital consider.

According to sources as close to placing, and in the financial market, demand for shares of company was very high from the first opening day of the book, and also has grown even more the ambassador of successful placing of social network LinkedIn.
GOOD ALTERNATIVE

Analysts believe that Yandex can become good alternative the only thing for today public large the Internet and to the media companies Mail.ru and RBC.

"IPO Yandex, in our opinion, the attention will draw to the Russian public Internet companies - Mail.ru Group and RBC, and can lead to the further revaluation of the Russian public Internet industry", - analysts ВТБ of the Capital write.

"Yandex actions represent alternative Mail.Ru from the point of view of investment in the Russian online market", - considers Uralsib, referring that Yandex receives a lion's part of a gain from Internet advertizing.

Supersuccessful 1$-milliard placing Mail.ru in London last November that was promoted also by that fact that the company owns 2,38 percent of the largest social network of world Facebook, since then is saddened by the reduction of price of actions reflecting growing fears concerning correctness of estimations of the company and the recent message on sale of shares of company by its founders.

The main page
NEWS
LATEST NEWS
BUSINESS AND ECONOMY NEWS
SPORTS NEWS
SOCIETY
World Cup 2010
ВAЛЮТЫ
Quotes
World Indices
Products and services
Area of clients
About Thomson Rejter
Yandex has risen in price for 40 % during a debut in the USA
Tuesday, on May, 24th 2011 20:10 MSD

To unpack | Article entirely
[-] the Text [+]

Yandex Logo before company headquarters in Moscow on May, 23rd, 2011. The largest Russian Internet searcher Yandex has defined the price of the action during IPO at stock exchange Nasdaq in $25, the company on Tuesday in some hours prior to the beginning of the auctions has informed. REUTERS/Sergei Karpukhin

1 / 1В the full size

GOOD ALTERNATIVE

Analysts believe that Yandex can become good alternative the only thing for today public large the Internet and to the media companies Mail.ru and RBC.

"IPO Yandex, in our opinion, the attention will draw to the Russian public Internet companies - Mail.ru Group and RBC, and can lead to the further revaluation of the Russian public Internet industry", - analysts ВТБ of the Capital write.

"Yandex actions represent alternative Mail.Ru from the point of view of investment in the Russian online market", - considers Uralsib, referring that Yandex receives a lion's part of a gain from Internet advertizing.

Supersuccessful 1$-milliard placing Mail.ru in London last November that was promoted also by that fact that the company owns 2,38 percent of the largest social network of world Facebook, since then is saddened by the reduction of price of actions reflecting growing fears concerning correctness of estimations of the company and the recent message on sale of shares of company by its founders.

"AND" THE CLASS

Company Yandex N.V registered in the Netherlands. And other shareholders of Yandex have offered investors of 52,2 million actions of a class "And", possessing one voice while class actions "In" have ten voices.

Thus, without given лидменеджерам an option for acquisition of 5,2 million actions (over-allotment option), the attraction volume has made $1,3 billion. Taking into account an option - more than $1,4 billion.

The company has received from placing of $385 million which plans to spend for infrastructure development, including server and date-centers, and also on absorption and investments into technologies, experts or the companies, whose profile is similar to Yandex operations.

Shareholders of Yandex, placing 36,8 million papers, have received about $920 million.

The basic shareholders of Yandex after IPO there are funds under control of Baring Vostok Capital Partners (23,89 percent of voting actions), Roth Advisors Ltd. (6,42 percent), the International financial corporation (6,12 percent), and also founders of the company Arcady Volozh (19,77 percent) and Ilya Segalovich (4,14 percent).

The source close to placing, has assumed that Baring Vostok has sold during it IPO not less than 20 percent of the package.

Yandex share in Internet search of Russia makes 65 percent while Google goes the second with much more modest result to 22 percent.

History the Recipe of success IPO of Yandex: talent, nerves and patience it is accessible on a code.

FACTBOX-Яндекс Spends IPO at stock exchange Nasdaq it is accessible on a code.

Calendar IPO and SPO the Russian companies in 2011 is accessible on a code.

Sunday, May 22, 2011

Rating of reliability of banks

The Savings Bank – unique among the credit organizations has received a rating «АА» (at the maximum estimation «AAA»). And the question not only that the bank owing to the special status can always count on state support – as a matter of fact, its financial stability is defined by financial stability of the Russian Federation. «Сбер» distinguish the best on set the indicators characterizing ка­чест­во and sufficiency of the capital, liquidity level, a condition of actives and other. Obviously, double control affects from the Central Bank which acts both as a regulator, and as the basic shareholder of the Savings Bank. As to mutual relations with the state here pertinently to result absolutely fresh and very characteristic citation. «The Savings Bank if the additional finance» be required to it won't be forgotten also, – prime minister Vladimir Putin has declared, declaring the next measures after support of bank system, in particular allocation 200 млрд roubles ВТБ.
Meanwhile because of involved before means субординированного the credit the indicator of quality of the capital of "the second bank» the countries has decreased. In some measure it was reflected in a rating estimation («A-»). But now it is a question of acquisition of preference shares, means will go to calculation of the capital of the first level.
To buy share holdings of private banks государст­во as it was found out, doesn't plan, anyway directly, – fears concerning creeping nationalization are dispelled. But to the aid treasury in во­про­сах «докапитализации» the credit organizations On-prezhyoneyomu can count. Means, possibly, will go from fund of national well-being. The prospective sum – 100 млрд roubles. By the way, 225 млрд the supports registered in an anti-recessionary package of laws still in October while are far from exhaustion. Are approved субординированные credits to only three banks: to "Alpha", "Nomosu" and Hunts-Mansijskomu to bank – for a total sum 17,1 млрд roubles. In total in ВЭБ 60 demands in the cumulative size about 100 млрд (more in detail "ö" № 3) have arrived approximately. At an estimation of banks "ö" has taken into consideration efforts of shareholders on increase of capitalization of the credit organizations.
Question of sufficiency of own means today really actual. The greatest decrease in the capital for a month banks "Unions" (-40 %), ВЕФК (-14 %) have tested, "Globeks" (-11 %) that it is no wonder. At the credit organizations problems long before an exit December от­чет­но­сти have begun. Appreciable decrease at ХКФБ – on 12 % for a month and at National reserve bank – on 10 %. In October – November, 2008 НРБ restored solvency of "the Russian capital», seriously injured crisis. After it has accepted clients-physical persons of "Electronics".
At once some banks estimated "ö", on an indicator of sufficiency of the capital have come nearer to is minimum admissible mark. Among them, by the way, there was also a Gazprombank: by data for December, 1st specification Н1 was equal 10,54 %. Nevertheless, this credit organization has received a rating «ВВВ». Gazenergoprombank which have bought in October Sobinbank has received a similar estimation also. And still "ö" isn't inclined to exaggerate the factor of the mediated participation of the state in the capital of the credit organizations. Help such structures it can, but it is not obliged. And in the conditions of sharp deterioration of a situation on them, it is not excluded, simply there will be no resources. Including therefore ratings of same "Sobina" and «the WHALE of Finansa» (supervising owners – «the Russian railways» and YOKES of "Alrosa") have appeared slightly more low, than it was possible to expect from "almost nationalized". The role financial indicators have played also.
Another important, especially now, aspect на­деж­но­сти bank – security means for current calculations. As a whole the market distinguishes high level of liquidity. It speaks including access of the majority of the credit organizations from the first сот­ни to Central Bank resources, in particular беззалоговым to auctions. The specifications of liquidity shown by many banks for December, 1st, considerably exceed demanded values – 15 % for Н2 and 50 % for Н3. At some these indicators read off scale for 100 %. Such figures say that the credit organizations don't hasten to leave at all the money received from Bank of Russia, leaving them on corresponding accounts in the Central Bank and buying currency. Crediting of the population and real sector has stopped in development.
As to quality of actives as a whole the picture on first hundred doesn't look so dramatically. Here high delay allocates the banks specializing on consumer crediting. In a minus it plays also that prospects of the given segment look uncertain whereas their business poorly диверсифицирован, and фондирование it is substantially provided by non-residents
AND

All banks entering into this group, are characterized by the good financial condition allowing not only to survive in crisis, but also to develop. Besides, it guarantees внеш­няя support in a case of sharp deterioration of an economic situation. The size of this support and degree of dependence on it in crisis conditions is defined by internal gradation on group.

B

The credit organizations with a rating from B to BBB meet requirements of financial stability. Indicators of some of them can even surpass similar at banks from group And. At the same time at sharply negative scenario of succession of events they risk to appear or in sharp dependence on external support, or at all without it. Gradation in group reflect a combination of financial indicators and the factor of external support.

WITH

Indicators of financial stability of these banks are at levels below averages. Thus the probability of external support outside the limits of sanitation is low. Sanified banks get to it automatically before end of corresponding procedure. The probability of license withdrawal defines gradation in group.



АА
The Savings Bank

AND -
ВТБ

ВВВ +
Россельхозбанк

ВВВ
Gazprombank, ВТБ24, Transkreditbank, the VTB-NORTHWEST, Gazenergoprombank, RosBR

ВВ +
ВБРР, the Credit Ural Mountains bank

ВВ
Bank of Moscow, Junikreditbank, Rajffajzenbank, Nomos-bank, Ursa-bank, "Petrokommerts", Citybank, the Absolute bank, Orgresbank, ING bank, Hunts-Mansijsky bank, Dojche-bank, Kommertsbank, KMB-BANK, BTA-BANK, "BNP Pariba", Svedbank, Evrofinans-Mosnarbank, Surgutneftegazbank, Drezdner bank, "Natiksis", Barklajs bank
VV -
Alpha bank, Rosbank, MDM-bank, "St.-Petersburg", «Sosete Zheneral the East», Mezhprombank, "Renaissance", "Russia", Rusfinansbank, OTP-BANK, Binbank, НРБ, Rosevrobank, Juniastrum-bank, Investtorgbank, «the National standard»

IN +
Уралсиб, Promsvjazbank, Ak the Leopard, IBRD, the WHALE of Finans, Globeks, Russia-bank, Sobinbank, Transkapitalbank, "Deltakredit", Zapsibkombank, special design bureau-bank, "Avant-guard", Loko-bank, Ship-building bank, Gazbank, Novikombank, Uralsib-Jugbank, Metallinvestbank, Natstorgbank, "Opening"

IN
"Zenith", "Union", НБ "Trust", the Credit Europe bank, МИнБ, the Moscow credit bank, Probusinessbank, Tatfondbank, "Center-invest", the Baltic bank, Moskommertsbank, the First incorporated bank, «Northern treasury», МБСП, Master Bank, УБРР, РБР, «East express train», «DzhiI Attract bank», Baltinvestbank, "Relight", "Strojkredit", Agropromkredit, Vneshprombank, Chelindbank

IN -
«The Russian standard», ХКФБ, «the Renaissance the Capital», Investbank

WITH
ВЕФК

As рейтинговались banks

"ö" Made a rating дистанционно, having on hand limited volume of the information.
At the first stage the complex of the data gathered. It is a question of the basic forms of account of banks, the data published on sites of the credit organizations, obtained from others opened источ­ни­ков. At the analysis of indicators "ö" recognized that the reporting of the credit organizations is authentic.
At the second stage calculations on the several groups of indicators characterizing the capital, liquidity, actives and passives were made. In particular, it is a question of such important criteria, as sufficiency of the capital, equation of actives and passives on terms, dependence on the market of interbank crediting. The considerable role is played by quality of a loan portfolio, including dynamics of the delayed debts, volume of the generated reserves on possible losses, investment activity of the credit organization. Degree of a diversification of business, dependence from foreign фондирования was taken into consideration. As especially guarding factors presence of a card file of not executed obligations was regarded. With the rest on card file accounts hardly probable it is possible to recognize bank reliable. All calculated indicators were estimated in aggregate and interrelations with a bank line of activity.
At the third stage qualitative factors, in particular structure of shareholders, a transparency of structure of possession were estimated. Its complexity reduces possibilities for the analysis, accordingly, and a rating lath – even at good financial indicators. Possibilities of shareholders on support of the credit organization in case of deterioration of an economic situation to Russia, the risks interfaced to other business of owners of bank were considered. As to state participation in the capital of the credit organization this factor, certainly, raises reliability estimation. On the other hand, the risk to appear in rigid dependence on injections from state treasury in case of negative turn of events doesn't allow to appropriate today the maximum ratings. "ö" Adhered to conservative positions at an estimation of affiliated structures of foreign financial groups. First, rating problems don't include the analysis of stability of parent structures. Secondly, "daughters" can't count on serious support from the Russian state. Thirdly, they bear the raised risks in communication by that at them prevails фондирование in currency whereas potential clients show больший interest to rouble resources.

Banks of Russia in a rating of world financial brands (the TOP 500 and the TOP 100)

In February, 2009 Agency Brand Finance has published a rating of the best world brands. The Russian brands are included in structure of leading financial brands of the world «Banking Brands» TOP 500 - also. Agency Brand Finance the rating to which the best brands get, is made since 1996 in an annual format. It pays off on the basis of the account of capitalization of the company, and forecasts of its development for the next five years. In 2009 Banks of the Russian Federation in the international rating of brands TOP500 have occupied only 7 positions, including in TOP 100 two. The Savings Bank of Russia and ВТБ are leading Russian banks in the TOP 100, and in TOP500 – Bank of Moscow, Bank Zenith, UralSib Bank, Rosbank and Bank the Renaissance. Somewhat, before us the TOP of the Russian banks.

What is the bank brand? The brand is tactics developed by bank, strategy and ideology of work in the market of bank services, the corporate style, the slogan and the unique logo. The brand is a concept of bank on work on prospect.
For what to bank "brand"? The brand promotes advancement of bank services and serves as certain "beacon" for a cognizance and attraction of the consumer of these services. The bank brand, as a rule, promises to clients unique bank products and the good service surrounded with certain relations and emotions.

As the Senior Vice-president of BANK URALSIB Maxim Savitsky hasn'ted, "today the brand is one of the most valuable non-material actives for business and plays the major role at a choice of bank the client. It is the extremely important that in a world economic crisis a number of leading Russian banks has entered into the given rating is shows potential and appeal of the Russian bank system".

To brands of the Russian banks which have entered in TOP-100 (don't confuse to ratings "the TOP of 100 banks of Russia" or "BANKS the TOP 100"), the Agency «Brand Finance» has appropriated following ratings of world brands:
Rank (place) 2009 Rank (place) 2008 Brand (a bank brand) Domicile (country) Brand
Value 2009 (brand cost) Brand Rating 2009 (a brand rating) Brand Value 2008 Brand Rating 2008
26 56 Sberbank Russia 4,531 AA - 3,418 A -
76 n/a VTB Russia 1,329 A n/a n/a


Entered in TOP500 to brands of the Russian banks the Agency «Brand Finance» has appropriated following ratings of financial brands of the world:

Rank (place) 2009 Rank (place) 2008 Brand (a bank brand) Domicile (country) Brand Value 2009 (brand cost) Brand Rating 2009 (a brand rating) Brand Value 2008 Brand Rating 2008
217 252 Bank Moskvy Russia 306 BBB 319 A -
459 n/a Bank ZENIT Russia 91 BBB n/a n/a
468 345 Ural-Siberian Bank Russia 86 CCC 165 B
470 277 Rosbank Russia 86 CCC 269 B
497 n/a Vozrozhdenie Bank Russia 77 BB n/a n/a

And now the short analysis and the information on the Russian banks which have entered into rating TOP100 and TOP500 leading world brands of Agency «Brand Finance»:


The Savings Bank Russia (Open Society)
The brand of the Savings Bank of Russia for 2009 has occupied 26 place in TOP100 a rating of world brands. Brand cost is estimated in 4 531 million US dollars. From the table it is visible that on the resulted indicators of Agency «Brand Finance», the Savings Bank has considerably improved the positions against 2008. It is the best brand among бренов the Russian banks included in TOP500, and unique – to which the agency has improved indicators against 2008

The Savings Bank about itself: It is modern universal bank. Takes in the lead positions in the basic segments of the financial market of Russia.

The founder and the basic shareholder of Bank — the Central bank of the Russian Federation (Bank of Russia). To it belongs over 60 % of voting actions. Shareholders of Bank are more than 240 thousand legal and physical persons.

Enters into the twenty of the banks of the world largest on capitalization. Magazine "õ¿¡á¡ß" the Savings Bank of Russia is recognized by the most reliable bank, by data "a rating of reliability of hundred Russian banks". To it the rating "АА" has been appropriated that speaks the best indicators on the set, characterizing quality and sufficiency of the capital, liquidity level, a condition of actives, in comparison with other Russian banks.

The Savings Bank of Russia - the unique credit organization which has received a rating "AA" (at the maximum estimation "ААА"). The banks entering into group "A" are characterized by the good financial condition allowing not only to survive under trying conditions, but also to increase potential. Besides, it guarantees the state support which volume in research is defined by internal gradation on group.

The Savings Bank of Russia possesses the unique filial network consisting of 17 territorial banks and more of 20 000 divisions on all country. Has affiliated banks of the Savings Bank of Russia in Republic Kazakhstan and in Ukraine.
ВТБ

Brand ВТБ for 2009 has occupied 76 place in TOP-100 a rating of world brands. It is the second Russian brand among banks of the Russian Federation, received such appreciation, its cost is estimated in 1329 million US dollars. For 2008 the data about a rating of a brand of bank VTB isn't resulted by agency.

ВТБ about itself: Is one of leaders of national bank sector and takes strong competitive positions on all segments of the market of bank services. ВТБ is leading bank of Russia in the field of service of the foreign trade calculations. For this purpose the bank has one of the correspondent networks branched most out among the Russian banks – over 1800 banks-correspondents in more than 100 countries of near and far abroad.

The main shareholder ВТБ from shares in 77,5 % is the Government of the Russian Federation. The size of authorized capital stock ВТБ makes 67,2 billion roubles. The size of own means ВТБ as of October, 1st, 2008 has made 363 млрд roubles, a net wealth – 1982 billion roubles.

ВТБ has the highest for the Russian banks a rating of international rating agencies Moody ` s Investors Service, Standard and Poor ` s and Fitch. The Russian rating agencies traditionally carry ВТБ to the higher group of reliability.

ВТБ has a wide network of branches, the affiliated and associated banks located in the most important and perspective economic regions of Russia. Since August, 2005 has begun the work specialized affiliated bank of group VTB – ВТБ24, carrying out service of the population and the small-scale business enterprises.

Bank of Moscow
The brand of Bank of Moscow for 2009 has occupied 217 place in a rating of the most expensive financial brands of the world. Brand cost «Bank of Moscow» is estimated in 306 million US dollars. The estimation of a brand of Bank of Moscow against 2008 Agency «Brand Finance» has decreased.

Bank of Moscow about itself: One of the largest universal banks of Russia, giving диверсифицированный a spectrum of financial services both for legal, and for private persons. Serves more than 105 thousand corporate and over 9,6 million private clients.

The key shareholder of Bank is the Government of Moscow. Today the city owns about 44 % of bank shares directly and 15,4 % through Open Society «Capital insurance group».

High reliability of Bank of Moscow is confirmed with ratings of the international rating agencies. A long-term credit rating of Bank under version Moody’s Investors Service — Baa1, according to Fitch Ratings — VVV-.

As of January, 1st, 2009 the Bank of Moscow is presented practically in all economically significant regions of Russia and totals 395 isolated divisions, including additional offices, exchange offices and operational cash desks:


In regions of Russia 267 divisions of Bank work.
In Moscow and Moscow Region 128 isolated divisions of Bank operate.
Besides, services to the population appear in 471 pochtovo-bank branches of capital region.


Into the Bank network enters 5 affiliated banks which are outside of Russia: Open Society «БМ Bank» (Ukraine), Open Society «Bank Moscow-Minsk» (Belarus), the Latvian Business bank (Latvia), Estonian credit bank (Estonia) and joint-stock company «Bank of Moscow» (Belgrad) (Serbia). The representation of Bank of Moscow operates in Frankfurt am Main (Germany).

Bank Zenith
The brand of Bank "Zenith" for 2009 has occupied 459 place in TOP-500 a rating of world brands. Brand cost «Bank ZENIT» is estimated in 91 million US dollars. For 2008 the data about a rating of a brand of bank isn't resulted.

Bank Zenith about itself: One of important a bank line of activity is complex service of corporate clients. The bank ZENITH actively is engaged in working out and advancement of a full spectrum of retail services.

The bank is founded by Academy of national economy at the Government of the Russian Federation, oil company "Tatneft" and a number of other legal bodies.

The bank also takes strong positions in the market of investment services and private investments (Private Banking). The bank ZENITH has ratings of the international rating agencies at level Ba3/Stable (Moody's) and B +/Stable (Fitch).

The bank Zenith is present at 16 regions of Russia. It has 15 branches, 25 доп.офисов and 64 operational cash desks out of cash knot. The bank has 3 affiliated banks: Joint-stock bank "Devon-credit" (open joint-stock company), Bank ZENITH Sochi (limited liability company), Open Society "Липецккомбанк".
Bank URALSIB
Bank URALSIB brand continues to enter into a rating of the most expensive financial brands of the world, prepared by the British rating agency Brand Finance. In 2009 BANK URALSIB has occupied 468 position among five hundred best brands of the world. Brand cost «Ural-Siberian Bank» is estimated in 86 million US dollars. However the position and estimated cost of a brand of Bank Uralsib against 2008 «Brand Finance» is lowered by Agency (a rating – in 0,74 times, brand costs - in 1,9 times).

Bank URALSIB about itself: Is one of the largest financial institutions of Russia and the leader in key segments of the Russian market of financial services. BANK URALSIB is the basic active of Financial corporation URALSIB.

УРАЛСИБ it is assured enters into first ten Russian banks on actives, the capital, corporate both retail credits and deposits.»« to a condition for November, 1st 2008г. The bank is included into a top-10 of the Russian banks on volumes of the given out credits and the involved deposits, both private persons, and corporate clients.

The central office of BANK URALSIB is located in Moscow, the remote central office of Bank works in Ufa. The bank has representations in 39 regions of Russia and totals 46 branches, more than 490 points of sales and more than 1500 cash dispenses.
Rosbank
The brand of Robanka continues to enter into rating ТОП500 of world brands prepared by British rating agency Brand Finance. In 2009 Rosbank has occupied 470 position among five hundred world financial brands. Brand cost «Ural-Siberian Bank» is estimated in 86 million US dollars. However the estimation of a brand of Rosbank against 2008 «Brand Finance» is reconsidered by agency towards considerable fall (a rating – in 1,7 times, brand costs - in 3,1 times)

Rosbank about itself: Joint-stock commercial bank "Rosbank" — the versatile private financial institution, one of leaders of the Russian bank system. The majority shareholder of bank is the French bank group «Sosete Zheneral». Key lines of activity of Rosbank are development of retail business. Corporate and инвестиционно - bank services, work with well-founded private clients (private banking). The bank serves about 8 thousand large companies and more than 3 million persons (private clients).

As of January, 1st, 2009 own capital of Rosbank has made 45 467,55 million roubles, and total actives – 957 699,09 million roubles.

At the moment Rosbank possesses the private regional network largest in the country: more than 700 points of service in 70 regions of the Russian Federation. Its affiliated banks work in Belarus and Switzerland.
Bank "Renaissance" (Open Society)
According to rating agency Brand Finance the brand of Bank "Renaissance" for 2009 has occupied 497 place in ТОП500 a rating of world brands. Brand cost «Vozrozhdenie Bank» is estimated in 77 million US dollars. The data about a rating of a brand of bank for 2008 isn't resulted.

Bank "Renaissance" about itself: Bank "Renaissance" is a personal bank for the corporate and private clients, rendering financial services in all territory of Russia. Bank "Renaissance" supports high rates of increase of actives at the expense of attraction of new professional and private investors in own capital. From the moment of the creation the bank has spent 20 issues of actions and for today has the most public and диверсифицированную share capital structure in the market.

For January, 1st, 2009 actives of bank "Renaissance" to a deduction of reserves under depreciation have exceeded 145,9 млрд rbl. Own capital of bank (calculated according to a technique of the Central Bank of the Russian Federation) on 1/1/2009 makes 18,9 billion rbl., the bank net profit for 2008 on РСБУ has made 2,9 billion roubles.

Bank "Renaissance" is included into the list of 50 banks – the guarantors with which guarantees it is possible to provide Central Bank credits.

The bank network totals 176 offices of sales and more than 600 cash dispenses. The further development of a network of sales of bank "Renaissance" will mainly occur in the European part of the country, i.e. in regions to high economic potential, thus the bank doesn't plan development of business outside of Russia. The bank serves over 1 200 000 clients, offering a various spectrum of services in deposits, management of money, to financing, mortgage lending, service of bank cards.