Financial News and Economical Crisis

By order dated January 19, 2010 the Government approved a transition plan subsidiaries and affiliates of OAO "IDC Holding" in 2010 to regulate tariff of the electricity transmission based on the method of return on invested capital (the principle of RAB; Regulatory Asset Base - Adjustable base of invested capital) . Ministry of Energy will monitor and coordinate efforts to implement the plan for the transition branches interregional distribution companies (IDCs) in the RAB-regulation of tariffs for the transmission of ... Read More

Following the 2009 FAS Russia initiated a third more cases of violations of the antimonopoly law, than in 2008, said Igor Artemyev, head of the department during a working meeting with President Dmitry Medvedev. According to Artemyev, to date, the antitrust authorities benefit more than 80% of cases and, consequently, losing about 20%. "It is also important due to the fact that the judiciary is an absolute to our controller, and its decision is final, including a decision to cancel ... Read More

Today in Baghdad, Deputy Director General for exploration and production, Gazprom Neft, Boris Zilbermints signed a contract with the Government of Iraq to develop the field of Badr. The contract was signed by a tender, the winner by 12 December 2009 was recognized as a consortium of JSC "Gazprom Neft", Kogas (Korea), Petronas (Malaysia), TPAO (Turkey). The contribution of Gazprom Neft in the project as an operator is 30%, Kogas - 22,5%, Petronas - 15%, TPAO - 7,5%. Share of ... Read More

Earnings before interest and tax (EBITDA) from the activities of the Directorate of the railway station railway station - the branch of JSC "RZD" - has increased by 605% from 32.6 million rubles in 2008 to 229.9 million rubles in 2009. Profitability increased from 1,6% to 9,5%, the report said Railways. Railways launched a program of modernization and reconstruction of railway stations in April 2009, said Sergei Abramov, head of the Directorate of railway stations. In 2009, was ... Read More

Director of CMI, a subsidiary of JSC "Mehanoremontny complex Sergei Berdnikov in an interview with the Magnitogorsk Metall summed up 2009 for mehanoremontnogo complex CMI.ffcFrom the implementation of enterprise managed to bail out at 1.8 billion rubles more than planned. Thus, the fabrication shop MRK, which in terms of 8 thousand tons produced by the orders of the CMI for the new units combine 15 thousand tons of metal. In connection with the business needs of MRC has opened a ... Read More

In 2009, "Verkhnechonskneftegaz got 1 million 181 thousand tons of oil in the projected rate of 900 thousand tons. By the end of the company drilled and prepared to operate 41 wells (in terms of 37 wells). Thus, "the company managed to significantly improve performance on several fronts. The plan for oil exceeded 30%, plan to drill wells at 10%," - said in a statement VCHNG. As the Director General of JSC "VCHNG Igor Rustamov, good production figures in 2009 ... Read More

At the end of 2009, "Gazprom" was in the top ten largest companies in the world (including having a listing) Release PFC Energy. In the first place in the ranking of the 50 positions was China PetroChina (market capitalization of $ 353.1 billion, the company"s stock for the year grew by 36%), followed by ExxonMobil ($ 323,7 billion, -15%). Gazprom"s market capitalization by year-end totaled $ 144.2 billion (67%) took tenth place in the rating. At the thirteenth position of ... Read More

Severstal North America "(a division of Severstal International) plans to resume the work of a number of businesses previously stopped due to difficult market conditions have become the United States. Decision taken in view of an improving situation on the market, the company reported. planned, Severstal Warren Inc., an integrated steel mill, will resume production capacity for steel and hot rolled to the end of the first quarter of 2010. Mountain State Carbon, a manufacturer of coke in the Follansbee ... Read More

OAO Russia"s Railways has proposed to develop a national standard for assessment of innovation. According to company president Vladimir Yakunin, the process of promoting innovation is impossible without the development of requirements for the program of innovation development and evaluation of their effectiveness. It is therefore necessary to create a legislative framework, providing details of the basic concepts with a clear indication criteria of innovation. Foundation for further legislative work in this area could become a national standard for evaluating innovative activities ... Read More

Company "Management company" Finam Management "(hereinafter - the UK" Finam Management ") has made crushing the private rental units UIF Finam - Capital investments, which specializes in investing in agricultural land. crushing ratio was 1:100, m . ie now an investor, previously owned one eral resources, belongs to one hundred shares. This significantly increases the liquidity of the instrument, opening the possibility of acquiring it for exchange for a wide range of bidders. Private rental mutual fund Finam ... Read More