Program of RUSNANOTECH 2010

Program of III Nanotechnology International Forum November, 1–3, 2010

November, 1, 2010

10.00 — 11.00	Opening of the Forum and Exhibition. Opening will take place at presentation hall in the exhibition territory at the pavilion «Forum». Speech of Deputy Chairman of the Government of the Russian Federation, Chairman of the Organizing Committee of Preparing and Holding of Nanotechnology International Forum Sergey Ivanov; Speech of Nobel Prize Laureate, Vice-President of Russian Academy of Sciences Zhores Alferov; Speech of Microsoft Corporation Chief Executive Officer Steven Ballmer; Speech of RUSNANO Chief Executive Officer Anatoly Chubais
11.00 — 14.45	Business and scientific and technological sections of the Forum
14.45 — 16.00	Lunch
16.00 — 19.45	Business and scientific and technological sections of the Forum

November,2, 2010

10.00 — 13.45	Business and scientific and technological sections of the Forum
13.45 — 15.00	Lunch
15.00 — 18.45	Business and scientific and technological sections of the Forum

November,3, 2010

Plenary Session (10.30 — 14.30)
10.30 — 10.35	Opening of the plenary session
10.35 — 10.50	Speech of RUSNANO Chief Executive Officer Anatoly Chubais
10.55 — 11.10	Speech of Director of State Institute «Russian Research Centre «Kurchatov Institute» Mikhail Kovalchuk
11.10 — 11.40	Nanotechnology International Prize RUSNANOPRIZE — 2010 Awarding Ceremony The Russian Nanotechnology Prize for Young Researchers Awarding Ceremony
11.40 — 12.00	Coffee — Break
12.00 — 12.30	Speech of the President of the Russian Federation Dmitry Medvedev
12.30 — 13.45	Panel discussion: «Goals and Barriers for Innovations». Moderator: Famous TV Journalist Vladimir Pozner
13.45 — 14.30	The International Competition for Scientific Papers in Nanotechnology for Young Researchers Awarding Ceremony

Certification of Products in Russia

The full list of equipment requiring mandatory certification is given in the Regulation of the RF Government "On Approving the List of Goods, Works, and Services Subject to Mandatory Certification" dated August 13, 1997 № 1013.  

Certification of equipment can be carried out in independent Russian certification centres which perform the necessary testing and exercise their expert judgement to assess the compliance of the equipment in question with the statutory norms and standards.

An official Compliance Certificate "GOST R", may be issued only by the certification centres accredited by Gosstandard RF (the Governmental Standards Organisation of the Russian Federation). 

In order to obtain certification for imported equipment it is necessary to submit the following documents:

    * Operation manual;
    * Equipment passport (if available);
    * International standard certificate (a copy);
    * The letter confirming the authority (Power of Attorney) from the manufacturer in favour of the supplier, or a copy of a procurement contract. 

All documents must be submitted in Russian. It is mandatory that the translation is officially verified. Certification of certain  types of equipment requires additional official documents: hygienic certificate (sanitary-epidemiological conclusion certificate), fire safety certificate, etc.

Severstal May Add $40 Million To Its Annual EBITDA

One of the largest Russian steel companies Severstal may buy a controlling stake in British company Berkeley Resources, which conducts exploration and development of uranium projects in Spain.

Investments will be decided after the procedure of due diligence, which will run till December 10.
Principal during the due diligence will be the question of reopening of the plant for the production of uranium concentrate.

The most optimistic scenario is if the plant will be quickly started and will begin production - the asset may add about $ 40 million or 1-1,5 percent to an annual EBITDA of Severstal.

$1 Billion Public Offering Of Polymetal On London Stock Exchange

Shareholders of the company Polymetal -  Russia's largest silver producer, intend to conduct reverse takeover transaction (RTO) with its subsidiary in the United Kingdom Polymetal International, which will then receive a premium listing on the London Stock Exchange (LSE).
The newspaper Kommersant reported today that if the deal goes through Polymetal International will hold on the LSE public offering of additional shares in the amount of $ 1 billion.

International Aspect of RUSNANOTECH 2010 Forum

During November 1-3, within the framework of the RUSNANOTECH 2010 Forum leading world scientists and heads of international innovation companies will share their vision of nanotechnology problems and development prospects.


Interest in the Forum on the part of foreign scientists and businessmen increasingly grows. Now one can state for sure that during the two years of its operation the Forum has gained recognition as one of the leading international venues for discussion of urgent issues of innovative development. In 2010, as compared to the previous year, the number of RUSNANOTECH foreign participants registered has increased nearly by a third.


Among the top managers of major foreign companies to speak at the Forum events are President of SEMI Europe Heinz Kundert, Vice President of GlaxoSmithKline Sandy Macrae, Managing Partner of Celtic Pharma Holding John Mayo, Director for Global Business Development of Hoffmann—La Roche Valeria Povolotsky, Technical Director and Chairman of the Board of Juniper Pradeep Sindhu, Director General of JKB Capital David Kronfeld and others.


Additionally, there are reports to be delivered by world-famous representatives of academic elite including Professor Xiang Zhang of UC Berkeley, Vice Principal of MIT Professor Claude R. Canizares, Head Researcher of Nokia Chris Bower and others.


The Forum will specially focus on development of innovative technologies in Germany. This year on the Scientific and Technological Program of the Forum the «New Horizons» Russian-and-German nanomaterial symposium is planed. Leading German professors and directors of 7 German Research Institutes will take part in the symposium.


Accounting for the interest recently taken in usage of the experience of our nationals working in hi-tech sphere abroad, a special section was put on RUSNANOTECH 2010 Program. The section activities will be participated in by Andrey Slepnev, Deputy Minister, Ministry of Economic Development and Trade of the Russian Federation, Alexander Chepurin, Director of Department for Work with Nationals, Ministry of Foreign Affairs, Konstantin Kosachev, Chairperson of the Russian Federation State Duma Committee for International Affairs, Leonid Gozman, Humanitarian Projects Director, Rusnanotech State Corporation, Alexey Khokhlov, Pro-Rector of Lomonosov Moscow State University, Anna Dvornikova, President of AmBAR, Vyacheslav Safarov, President of RASA. The section keynote topic is discussion of forms and mechanisms of involvement of Russian specialists working abroad into innovative processes in Russia.

To Buy Land In Russia: Restrictions For Foreigners

The Russian Law has a number of restricting provisions with regard to purchase of land in Russia by foreigners.

Thus under the provisions of the Land Code of the Russian Federation foreign nationals and foreign legal entities can acquire title for land only if they pay for it. The latter means that foreigners must not be granted permission to acquire state owned or municipal lands free of charge.

In addition to that foreigners are not allowed to buy lands allocated to members of the horticultural, market-gardening and dacha non-commercial associations (allotments), as well as lands near the state border areas, or lands designated as farming or agricultural lands. Agricultural lands can only be leased by foreigners.

Personal Legalization Of Foreign Employee In Rep Office or Branch of Foreign Company

At the moment a mixed system of Representative Office and Branch foreign employees legalization is in force in Russian Federation.

To work legally in Representative Office or Branch a foreigner should obtain:

 
(I) Accreditation card, “Foreign Representative Office Employee” visa (“inosotrudnik” visa) and
(II) Work permit. 

Below are stages of both procedures:

Procedure I: Accreditation Card
1. Obtaining an accreditation card at the authority that accredited the Representative Office or registered the Branch
2. Applying for a 3-month single entry invitation to the authority that accredited the Representative Office or registered the Branch
3. Obtaining a 3-month single entry “inosotrudnik” visa in Russian embassy abroad
4. Obtaining a multiple entry 1-year “inosotrudnik” visa and its registration

Procedure II: Work Permit
1. Representative Office or Branch obtains employment permit
2. Obtaining personal work permits for each foreign employees

The visa should be obtained only through the authority that accredited the Representative Office or registered the Branch. It means that the inviting party should be the accreditation authority, not some Russian commercial organization. Foreign employees working in Russia on a basis of a business visa break Russian legislation. Sanction is penalty. Worst case scenario is deportation.

Total time needed for a foreigner to enter Russia and legally work if both of the procedures go simultaneously (standard term) constitutes 3 months. Services of a professional company will be very helpful.

RUSNANOTECH 2010 - III Nanotech International Forum In Moscow

III Nanotechnology International Forum RUSNANOTECH 2010 will be held in Moscow Expocentre on November 1–3, 2010.

At the various sections offered under the Forum Science & Technology and Business Programs, expo visitors can gain information on promising nanotech research, and, more importantly, receive a roadmap to its successful commercialization, effective investment  generation, and the creation of market demand for nanotech products.

Nanotechnology International Prize RUSNANOPRIZE awarding is taking place during the Forum. The Prize is awarded on a yearly basis to researchers whose nanotechnology discoveries and innovations have been applied to production as well as to companies that practically implemented them in one of the following fields: NanoElectronics, NanoMaterials, NanoBiotechnology and NanoDiagnostics. 

In 2009, Nanotechnology International Prize RUSNANOPRIZE in the field of NanoElectronics was awarded to professor Leonid Keldysh (Russia) for pioneering research of semiconductor superlattices and tunneling phenomenon in semiconductors, widely used in nanostructure technology for nanoelectronic devices, especially in the molecular beam epitaxy, to professor Alfred Y. Cho (USA) for pioneering research and development of the molecular beam epitaxy, especially for nanoheterostructure technology widely used in nanoelectronics, as well as to RIBER S.A. (France) for development of molecular beam epitaxy equipment. In 2010 the Prize will be awarded in the field of «NanoDiagnostics».

Rusnanotech Forum Fund for the Nanotechnology Development (Rusnanotech Forum Fund) was established on January 26, 2010. The Fund activity is focused on nanoindustry development in Russia and nanotechnologies and innovations popularization worldwide. 

According to the resolution of the RUSNANO Supervisory Council and Board of Directors, the organization of the annual Nanotechnology International Forum RUSNANOTECH is assigned to Rusnanotech Forum Fund.

Sale of 20% Stake In Metalloinvest

 Junior partner in the iron-holding Metalloinvest - Vasily Anisimov - is lookig for a buyer for his 20 per cent of the company, the newspaper 'Vedomosti" reported. He has discussed with his partners the package sale, and has not met opposition.


Anisimov could theoretically sell its stake worth about $ 4 billion in planned for 2011 IPO of 20-30 percent stake in Metalloinvest, combining, among other things, Lebedinsky and Mikhailovsky GOK, Oskol Electric Steel Works and Ural Steel.


Anisimov, according to the newspaper, is engaged in development - assets are consolidated in Coalco International, major projects of which are "The Great Domodedovo" airport and business center," White Square ", and also it owns 11 companies of the former Rosspirtprom, including Moscow's Kristall distillery plant.

Avtovaz Expects 1 Billion Net Profit For This Year

Russia's largest carmaker Avtovaz is waiting for more than 1 billion rubles of net profit according to international standards this year, Vice President on Finance Oleg Lobanov said today.

"Net profit under for this year will amount to about 1 billion rubles, and the "paper" profit under IFRS will be serious, " he added.

Contact Info For Foreign Investors' Claims In Ministry of Economic Development of Russia

 Foreign investors in Russia have the opportunity to address complaints and requests for assistance in investment projects in the Department of Investment Policy and Development of Public-Private Partnership of the Ministry of Economic Development of the Russian Federation.

Contacts in the Ministry of Economic Development of Russia: 

Belyakov Sergey, Director of the Department: tel. +7 (495) 651-7964 

An Mikhail Andreevich, Deputy Director of the Department: tel. +7 (495) 651-7970 

Applications can be sent by e-mail:

 invest@economу.gov.ru,

 and by fax: +7 (495) 951-9263, +7 (495) 951-5332. In addition,  treatment of foreign investors comes through the Advisory Council on Foreign Investments in Russia and other business associations (the American Chamber of Commerce, the Association of European Businesses, etc.).

Currently Ministry of Economic Development of Russia has received 26 quiries of investors, 11 problems were resolved, 15 are in the solution process. 

After materials of Ministry of Economic Development of Russia

"Rusnano" And U.S. Aluminum Giant "Alcoa" Start 15 New Projects

20 - 22 October Rusnano delegation headed by Anatoly Chubais participates in the annual meeting of the US-Russia Business Council. The main theme of the meeting is incentives for innovation and modernization of the Russian economy, as well as the role of cooperation of Russian and American companies in this process. A whole week and a half ago California Governor Arnold Schwarzenegger came to Moscow with exactly the same goals - to talk about the future of Russian innovation center Skolkovo.

Anatoly Chubais addressed the meeting with a report in which he spoke about the practical experience of interaction of Rusnano with venture funds in Silicon Valley and American high-tech business.
He noted that the volume of Russian nanoindustrial market in 2015 could rise to the level of $30 billion. 

Anatoly Chubais added that Rusnano and U.S. aluminum giant Alcoa are ready to launch several high-tech projects. Negotiations are underway for 15 projects.
Arnold Schwarzenegger, Governor of California, said: "California is known for making some of the best innovative products in the world. We are number one in the field of biotechnology, nanotechnology, in the music business in agriculture. We have the best universities in the world, why not extend it all outside the U.S.? That is not only selling their own products, but also to help other countries to produce their own. "

By materials of the press service of RUSNANO

TENEX Subsidiary Opened Its Office In Washington

Official opening of the TENAM Corp. office, 100% subsidiary of TENEX (Russian leading provider of of nuclear fuel cycle) held on October 21, 2010 in Washington, the press service of Rosatom reported. 

TENAM is the fifth foreign subsidiary of Tenex and the first - in the USA. Among successful subsidiaries are Internexco GmbH (Frankfurt), TENEX-Korea Co. (Seoul), TENEX-Japan Co. (Tokyo) and recently established Tradewill Limited (London).
TENAM Corp. will expand the core business of TENEX on the American continent.

 "Activity of TENAM Corp. first of all should facilitate the conclusion of direct contracts between TENEX and U.S. companies and develop new business in the U.S.nuclear fuel cycle facilities.

 In addition, the company is willing to provide a wide range of sales and marketing products to consumers in other countries of North and South America, the report said. 

According to the press service of Rosatom

Privatization Plan Approved By Russian Government

The Russian government approved the privatization plan for the next five years and expects to gain from the sale of 900 enterprises' shares 1.8 trillion rubles.

According to the approved plan, Russia is ready in 2013 to sell another 25 percent stake in state bank VTB, to sell its share in the United Grain Company, to reduceits share to a control stake in Sovcomflot, by 2015 to sell 15 % stake in Rosneft's blocking stake in Agricultural Bank, to reduce the proportion of control in Rosagroleasing and Aeroflot, First Deputy Prime Minister Igor Shuvalov reported today.
Privatization of Transneft and Zarubezhneft will not take place yet, although previously it was planned.

The greatest interest of investors may rise privatization of state-owned banks and oil companies.
First - in late 2010 - early 2011 - a 10 percent stake in VTB could be sold, not excluding that the Government will reduce its share lower than the controlling one.

In the capital of the largest bank - Sberbank - the Government intends to reduce the share of the Central Bank of  Russia to the controlling one in the period from 2011 to 2013.

During 2012-2015 years the market will be offered a Rosneft's 15 percent  package.

RZD will be privatized after 2013.

Prior to 2015, planned to sell up to 25% of Rosselhozbank.
The Russian government is ready for privatization of Sheremetyevo airport, but the decision will be made in the context of the Moscow air hub.
Russian Government may sell 4.11% stake in FSK EES.

Putin Is Holding Meeting On Privatization Of Federal Property

At the moment Prime Minister  of the Russian Federation Vladimir Putin is  holding a meeting on privatization of federal property in 2011-2013 and for the period until 2015 in the government behind closed doors.

At the meeting there are First Deputy Prime Ministers of the Russian Federation Viktor Zubkov and Igor Shuvalov, Deputy Prime Minister Sergei Ivanov and Igor Sechin, Minister of Transport Igor Levitin, the Head of Ministry of Economic Development Elvira Nabiullina, Energy Minister Sergei Shmatko.

Gazprom Neft Earned More Than 40 Billion During January-September

Net profit of "Gazprom Neft" according to Russian Accounting Standards (RAS) for the first nine months totaled to 40.02 billion rubles. These figures are contained in the report released today by the company.

In III quarter of 2010 net profit of "Gazprom Neft" increased by 3,3 times - up to 19.87 billion rubles. 


In II quarter of this year net income of the company amounted to nearly 6 billion rubles.

New Regulations For Import Of Meds From October 18, 2010

New regulations for import of meds to Russia took effect from October 18, 2010.


Medications including unregistered may be brought to the territory of Russia without permission of the Health Ministry, but only if they are intended for personal use, for useby employees of the diplomatic corps or the representatives of international organizations accredited in Russia, for treatment of passengers and crew members of vehicles, crews and drivers, who arrived in Russia, for treatment of participants in international cultural and sporting events and participants of international expeditions.

Health Ministry of Russia also allows import of a particular party of unregistered meds for clinical studies, examination for state registration of medicines and medical care.

Applications for importation of unregistered medicines on medical grounds are considered within five working days. Resolution of Health Ministry issues in the form of an electronic document with a certified digital signature.
By materials of Health Ministry of Russia

Russia Plans Privatization Of Aeroflot And Sheremetyevo Airport

Ministry of Finance of the Russian federation proposes for privatization program in 2011- 2013  JSC "Zarubezhneft", JSC "Aeroflot" and JSC "Sheremetyevo International Airport" the Head of the Ministry Alexei Kudrin said in St. Petersburg at the IX All-Russia Forum on Strategic Planning in the Regions and Cities.

He noted that recently Russian Government considered a list of companies to be privatized in coming years. 


Kudrin added that prior to 2013 authorities do not plan to address the issue of privatization of RZD and Svyazinvest.

In 2015 Russia Will Build Landing Base for Moonwalkers on the Moon

After 2015, Russia plans to build on the Moon a landing base for unmanned spacecraft. This was announced today by Director General - Designer General of the Research and Production Association (NPO) named after Lavochkin Victor Hartov.


"In the long term (after 2015) i Russian project Luna-Resource / 2 is expected. It will establish a unified landing platform, moonwalker of long-range, rocket takeoff from the Moon, means of loading and samples storages of lunar soil for delivery to Earth.  It will implement precision landing at the lighthouse located on the Moon "- he said. It is assumed "to implement the delivery of samples of lunar soil collected by moonwalker in a pre-selected areas of scientific interest."

The first phase of Russian "return" to the Moon will begin in 2013 when to the Earth's satellite will be sent  a special device "Luna-Glob ". During this phase, scientists expect to study the Moon from the orbit of its satellite, as well as perform experiments on its surface. In the second phase a joint Russian-Indian project "Luna Resource / 1" will be implemented. Project "Luna Resource / 2 " will be the third stage of Russian national lunar program.

By Materials of arms-expo

In 7 Years Russia's GDP Will Grow By 8-10% Per Year

Deputy Prime Minister and Finance Minister of the Russian Federation Alexei Kudrin believes that in 5-7 years GDP of Russia will grow by  8-10% per year. He expressed this opinion speaking in the State Duma of the Russian Federation at the meeting with the Communist Party fraction.
"Looking over the horizon of 5-7 years, I think we can bring economic growth to 8% for the economy to be competitive and modern. But now, in the next 3-5 year we will not see such a growth of 10% to be permanent and sustainable.

Investment Opportunities in Russian Pavillion of World Universal Exhibition 2010

Russian Pavilion at the World Universal Exhibition in Shanghai is planning a series of presentations and business negotiations of the Russian regions, in particular, from the Urals, with their Chinese counterparts before the exhibition closes on October 31.

Next week the Russian section organizes a presentation of investment potential of the city Magnitogorsk. Administration of Magnitogorsk are interested in establishing business cooperation with foreign partners in such areas as tourism, instrumentation, home appliances, lighting, construction and energy.
On Tuesday in Shanghai there will be a presentation of economic and investment opportunities of  Chelyabinsk region of Russia and a series of business negotiations with Chinese partners. I

 It is expected that the Chelyabinsk Governor will sign an agreement between the region and the company "Sinoma International Engineering Co. Ltd" to build a cement plant.
The Russian pavilion at the Expo is preparing a presentation of the Krasnoyarsk Territory and Ingushetia, which also held business talks with Chinese partners.

Russian Galleries On Frieze Art Fair In London

On Thursday in London opened eighth contemporary art fair Frieze Art Fair. 

Among the record 173 galleries from around the world two of them  Regina and XL  represent Russia.

On the stand of Russia's XL Gallery an art project "Electroboutique" of Aristarchus Chernyshev is represented.  

Regina Gallery recently opened a branch in London, brought to the Frieze Art Fair works of Jonathan Meese, Mary Serebryakova, Jorinde Voigt, Sergei Bratkov, Seeds Faibisovich, Paul Pepperstein, Stas Volyazlovskiy and other artists.

Formula 1 Will Be Held In Sochi In 2014

Bernie Ecclestone and CEO of  "Technology Transfer Center of Building Complex of Krasnodar Territory "Omega" Michael Kapirulin signed an agreement on holding a Formula-1 race in Sochi in 2014.

The championship of Formula 1 in Russia will help  the Russian race team Marussia Motors to enter the elite world of autorsport.

Under the contract the route for  first World Championship in Russia will be constructed in the Imereti Valley. To create a Circuit infrastructure built during preparation for the  Olympics 2014 will be partly used. Track length will be 5.5 miles and it will pass directly to the Olympic Park, and partially will include public roads. The project of tracks was created by the chief architect of the Formula 1 Hermann Tilke.
 
Diring a meeting with Premier Minister Vladimir Putin willingness to finance the project expressed president of "LUKOIL" Alekperov, head of "Basic Element" Oleg Deripaska, head of "MegaFon" Sergei Soldatenkov, General director of "Russian Technologies" Chemezov, as well as the Head of the Krasnodar Territory Alexander Tkachev .

"GOLDEN AUTUMN-2010" Agrarian Forum In Russia

"GOLDEN AUTUMN-2010". "Improving the efficiency and technologies - the basis for further development of agro-industrial complex of Russia" 

 

The 12th Russian agricultural exhibition “Golden Autumn” and International Specialized Exhibition for agricultural machinery “AgroTech Russia” was held within the framework of the Russian Agricultural Week at the All-Russia Exhibition Center from 1 till 11 October 2010.

 

Over 1000 enterprises and organizations from 55 regions of Russia and 32 countries participated in the exhibition.

This topic of the exhibition will be presented with achievements of Russian regions to ensure consumer market with food stuff, investment projects, support programs for farmers, the possibility of interregional and international cooperation in the agrarian sector, the prospects for rural tourism development, food opportunities of foreign countries.

 

Several foreign countries participate with joint national expositions in "Golden Autumn". Participation of heads of agricultural ministries and organizations of Europe, Asia and America in the exhibition confirms the seriousness of the intentions of foreign investors for long term cooperation with Russian partners.

The business program includes about 60 events on the development of social policy, livestock, horticulture, agricultural engineering, food processing and other areas of agricultural production. 

Organizers: Ministry of Agriculture of the Russian Federation, Government of Moscow, the Russian Academy of Agricultural Sciences, PJSC “GAO All-Russian Exhibition Centre”.

Operators: LLC “Agricultural Sector of AREC”, DLG International GmbH (AgroTech Russia)

 

General sponsor: Russian Agricultural Bank

Federal President of Germany Ended Visit to Russia In Ulyanovsk

Christian Wulff on Friday October 15, completed a 5-day state visit to Russia in a visit to Ulyanovsk 700 km south-east of Moscow. In this city he visited the Regional Training and Technology Center Bosch and the dialysis center of the German company Fresenius Medical Care, the agency DAPD reported.

Dialysis center in Ulyanovsk, where providing medical care for patients with chronic renal failure is one of 10 similar clinics in Russia, created by Fresenius Medical Care - the world's leading manufacturer of dialysis products and services. 

Christian Wulff spoke to patients, doctors and the directorate, who called his visit a great honor and at the same time - testimony to the importance of further enhancing cooperation between German and Russian partners in the health sector.

During his visit to Russia, Christian Wulff also visited Moscow, St. Petersburg and Tver. In Moscow, he held talks with President Dmitry Medvedev and Prime Minister Vladimir Putin, met human rights defenders, journalists and public figures.

Rosneft Buys 50% Of German Ruhr Oel From Venesuelan PDVSA

The largest Russian oil company Rosneft buys from Venesuelan PDVSA a 50 percent stake in the German Ruhr Oel, which owns a number of refineries in Germany. The corresponding agreement was signed in Moscow on Friday.

PDVSA owns Ruhr Oel GmbH jointly with the British BP. Negotiations with the Venezuelan company on the redemption of its share with Rosneft began in April.

Ruhr Oel GmbH controls from 24% to 100% in four German refineries - Gelsenkirchen, Bayern-oil, Miro and Schwedt. The total capacity of processing plants is 50 million tonnes, representing around 25% of refining capacity in Germany.
By Materials of RIA Novosti

Private Foreign Companies Intend To Enter Electricity Market Of Russia

Several private foreign companies are considering entering Russian electricity market, Energy Minister of Russia Sergei Shmatko reported.
"The list of usual private investors may be changed. You know, there is a process of consolidation. I know several foreign companies that are considering possibilities to enter Russian market" - he said, adding that "this is a good indicator." Minister did not name these companies.
This week the head of holding "Interros" (a major shareholder of Norilsk Nickel), Vladimir Potanin, said that Nornikel is advisable to sell its stake in the wholesale generating company OGK-3. He estimates the volume of such transactions of $2,5-3 billion.  

Another major shareholder of Norilsk Nickel the aluminum giant Rusal has approved the possibility of such  transaction as  OGK-3 is a non-core asset of Norilsk Nickel.
According to the internet site of the generating company, Nornikel directly owns 65.16% of OGK-3.
OGK-3 comprises six power plant with total capacity of 8.4 gigawatts, their share in national generation exceeds 5%. They are located mainly in regions where the enterprises of Norilsk Nickel are located.
By Materials of RIA Novosti

Russia Will Offer to Investors Aeroflot and Svyazinvest

List of state companies and banks Russian Government offered for sale may be added by the largest Russian airline carrier Aeroflot and the national telecom holding Svyazinvest, Interfax  reported the words of Russian Finance Minister Alexei Kudrin.

"We will spend a large privatization program ... and it mostly oil companies, but also a number of other companies in various fields - from Aeroflot to Svyazinvest will be included" - Interfax quoted Kudrin .

First Oil Option In Russia

Starting  from October 18 2010 RTS launches first option contracts on Russian oil (Brent). The latter will enable the parties to the spot market to protect themselves from changes in commodity prices, and financial players to expand the range of instruments.
On the futures market of RTS, FORTS, now there are two types of futures contracts: Brent oil which is the reference in the European oil market and the Russian Urals oil. The exchange decided to try trading options on more liquid futures. New options contracts will be executed as the underlying asset Brent oil futures every month.

Russian Market of IPO / SPO January-June 2010

The following study covers the processes of a public offering (IPO / SPO / PO) ordinary / voting shares in companies across a wide and limited circle of investors with the passage of a listing on the Stock Exchange for the period January-June 2010. 

Results for the first six months of 2010 are encouraging and justify the hopes of 2009 - "We hope for growth." 


Quantitative volume (13 offerings) is close to the maximum value for all time of existence of the Russian market of IPO / SPO (in 2007), and the value ($ 3.9 billion) is less than just the same peak in 2007 (which were related accommodations of  VTB, Sberbank and PIC, Uralkali, etc.). 

It is worth noting that the results of the first half of 2009 reflect the dynamics of the entire Russian stock market.  RTS and MICEX and market of IPO / SPO showed values comparable to 2004 in this period. 


Summarized data of the Russian market: 

• 13 - Quantitative market volume;
• $ 3,939 million - the value of the market;
• $ 302,9 million - the average volume of distribution;
• 11,9% - the weighted average of shares placement;
• 53% of the value of the market posted on the Hong Kong Stock Exchange (HSEx);
• 57% of the value of the market falls to accommodate Rusal;  
• 32% of the quantitative amount of the market is the fuel industry; 
• Highest Rated consultants:
Renaissance Capital - The organizer of placement and placement underwriter; 
Cleary Gottlieb Steen and Hamilton - Associate of the Issuer; 
Linklaters - Associate Consultant; 
KPMG - Auditor of the Issuer;
Financial Dynamics - IR-consultant of the Issuer.


By materials of Analytical Group ReDeal Project