Results of the Forum IPO and SPO 2010 in Russia

Forum IPO & SPO-2010 - Russia's largest annual forum on the problems and prospects of the organization of initial public offerings by Russian companies  took place on September 23 2010 in the Hall "Valdai" of the Marriott Tverskaya hotel.

Organized against the background of the Russian IPO market growth, the forum at a qualitatively new level continued dialogue on issues of raising capital in Russia and abroad. 


The main difference between this year's meeting is the emergence of a new experience in organizing of IPO. The event participants were given the opportunity to obtain information on the development of the IPO market regulators, stock exchanges (both Russian and foreign), financial advisers and the issuers themselves. 


The forum also presented an overview of new financial products and instruments offered by Russian issuers. Particular attention is given to new services intended to promote IPO of companies with an average capitalization (mid-caps).

At the forum there were professionals engaged in the process of the IPO and SPO issuer. Delegates and speakers of the Forum IPO & SPO-2010 were representatives of the Federal Financial Markets Service, the Central Bank, Ministry of Finance, Economic Development, FAS, and the largest public companies, banks, underwriters, and the organizers of IPOs, legal and consulting firms, rating agencies, investment companies, and most importantly - representatives of stock exchanges, both Russian and foreign.

Russia - Czhech Republic Bilateral Cooperation Of Business Circles

Forum "The Partnership for modernization: the bilateral cooperation of business circles of Russia - Czech Republic".
On October 18, 2010 in the Chamber of Commerce of the Russian Federation  forum "Partnership for modernization: the bilateral cooperation between business circles of Russia - Czech Republic" will take place.

Forum will be held to promote and attract the Czech business community to implement the bilateral business projects:

- modernization program of low power in North-West and the introduction of conservation technologies to the integrated participation of banks, investment companies, regional administrations and consumers

- Infrastructure project to create a railway transport backbone "broad gauge"

- Investment projects in the framework of the programme "Ural Industrial - Ural Polar".

Aim of the forum is the theme of modernization of existing enterprises and create new industries based on innovative technologies. 


The event will be attended by the following categories of business - community:

- Members of the Business Council for Cooperation with the Czech Republic,- Representatives of enterprises in the energy industry- Banking and investment institutions, and industrial enterprises (engineering, metallurgy, transportation engineering)- Enterprises of transport infrastructure,- Invited representatives of the concerned legislative and executive authorities, both federal and federated entities.

Also representatives of interested business organizations in other countries, primarily the companies from Slovakia are invited.

information is provided by the press service of Russian Chamber of Commerce

German Investments In Russia Increased By $5.8 Billion In I Half Of 2010

German investments in the Russian economy in the I half of 2010 increased by $5.8 billion and accounted for about $23 billion, Prime Minister Vladimir Putin said at a meeting with President of Germany Christian Wolf.

Head of Russian Government noted that Germany is one of the main trade partners of Russia. During the crisis bilateral trade volume decreased, but now recovered quickly and has almost reached pre-crisis level.

Putin added that the German economy has also been successfully recovered after the crisis, thanks to measures taken by the Government. "For us it is very important, considering the large amount of our economic ties," - he said, noting that in Russia there are almost all large German companies, and Russian orders with German manufacturers are measured in tens billion Euro. "We have big joint projects", - Putin said.

In turn, C. Wolfe, said that Germany's great hopes are on the Russian economy. He would like to discuss a range of international issues, including financial regulation, climate protection and the fight against terrorism, and would like to know as the head of the Russian government sees the future development of Russia.

Russian Government Intends To Sell 9% of Sberbank

Decision on the privatization of Sberbank, owned by the Bank of Russia has been adopted. What is the volume of the package, the timing and method of sale is still unknown. According to Vice- Premier Igor Shuvalov, the Government consulted on this issue with the President and Prime Minister of the Russian Federation. 

Formerly it was known that the share will be 9 percent. But, as stated by Shuvalov "the package may be more complicated." 

Now, according to the law "On the Central Bank " the share of fixed capital can not be less than 50 percent of the voting shares plus one. Reducing of this share will need amendmets to this law. 

German Gref, has offered to privatize Sberbank some years earlier. He noted that "the State is sufficient to have 25 per cent plus one share of Sberbank." Gref suggested starting with a declining share of the Central Bank to 50 percent plus one share. 

"Sale of state-owned shares in major banks is a part of governmental plan selling asset for budget replenishment. In August 2010 a list of 11 major assets for possible privatization in 2011-2013 was agreed, in addition to VTB and Sberbank state blocks of shares in Rosneft, Transneft, Sovkomflot, Agricultural Bank, Rosagroleasing, Rosspirtprom, UGC, FSK and RusHydro were added to this list. 

German Gref said in September that it was preferable to sell the government stake in the market than selling it to a strategic investor. What will ultimately be decided is yet unknown. 

III International Festival of Russian Speaking Writers "Literary Vienna"

On October 21-24, 2010 in Vienna (Austria) III International Festival of Russian writers "Literary Vienna" will be held.

The festival organized by the Union of Russian Writers and the Austrian literary magazine "The writer of Vienna"  (Austria) in partnership with "Sun Bridge" with the financial support of the "Russian World ", supported by the Russian Center for Science and Culture in Vienna, the Russian Embassy in the Republic of Austria and the Embassy of the Republic of Belarus and Republic of Austria.The main festival events will be held at the Russian Center for Science and Culture in Vienna.

The Researchers of Bunin From Different Countries Met In Moscow

International Scientific Conference "Ivan Bunin (1870-1953) Life and Works" devoted to the 140 anniversary of the birth of the writer opened on October 11 in the House of the Russian diaspora after Alexander Solzhenitsyn in Moscow. 

As part of the anniversary conference summed up the study and publications of Bunin in recent decades, and will be discussed by the scientific community of advanced research and publishing tracts, concrete steps to address the most important issues of research.

Theme of the conference covers all aspects of studying the life and works of Bunin. Scheduled round-table discussion on key issues of modern research of Bunin, particularly scientific biography, bibliography and textual criticism.

Participatants of the conference are researchers of Bunin from different cities of Russia, France, Azerbaijan, Germany, Hungary, Poland, Belarus, Italy and Austria.

Conference participants are reading the reports on the topics: "Ivan Bunin, and Marcel Proust - the artists' philosophy of life", "I. Bunin in the Baltic states', "Bunin Perception in England: translation, publishing, interpreting," "I. A. Bunin, Russian writer in the perception of China", "Transformation of artistic space and time in the stories of Ivan Bunin', and others.
Closes the conference on October 13 2010.

Information of Service Fund "Russian World"

Results Of IX Investment Forum Sochi 2010

IX International Investment Forum "Sochi 2010" registered more than 8000 people, including 3,505 Russian participants and 569 foreign ones. VIP status was granted to 1281 participants. Thre were more than 1,281 accredited media representatives. 

16-19 September 2010 in Sochi for the ninth time has passed the international investment forum. It was attended by Russian Prime Minister Vladimir Putin spoke at the plenary session "The investment climate: objectives, expectations and results", 8 federal ministers, the President of the Republic of Abkhazia, S. Bagapsh and South Ossetian President Eduard Kokoity, 13 heads of diplomatic missions of foreign states.

 The Forum was attended by representatives from 32 countries: Abkhazia, Armenia, Austria, Belarus, Britain, Germany, Denmark, Iceland, Italy, China, Canada, Nigeria, Poland, Slovakia, USA, Turkey, Ukraine, France, Japan, etc. including 6 of governmental delegations (Abkhazia, Armenia, Turkey, Montenegro, Czech Republic, South Ossetia), and business missions of Germany, Iceland, Italy, and France.

The Forum presented delegations of 53 Russian regions. 32 regions headed by the head of the subjects. 

 The main event of the Forum was the plenary session "The investment climate: objectives, expectations and results."

The conference "Regions in the competition for investors" an expanded meeting of the Interdepartmental Commission on the preparation and holding the XXII Olympic Winter Games and XI Paralympic Winter Games 2014 in Sochi, and 40 round tables, which were attended by more than a thousand people, as well as 2 Business lunches with representatives of major Russian and foreign business. There were presentations of 9 subjects of the Russian Federation.

During the business program of the Forum  376 agreements worth 768 billion rubles were signed.

26 regions of Russia signed 88 agreements worth 240 billion rubles. (Without regard to the Krasnodar Territory). Krasnodar Region signed at the Sochi forum 257 agreements worth about 382 billion rubles.

 In the presence of Russian Prime Minister Vladimir Putin 4 large government agreement and an agreement between the Government of the Russian Federation and the Government of the Republic of Abkhazia on the checkpoints on the Russian-Abkhaz border were signed.
 
Program of cultural and sporting events was traditional. A concert by Tom Jones for the Forum participants, guests and residents of Sochi, as well as performances by famous Russian bands and collectives.As part of the sports program of the Forum held an international marathon rally of the Silk Road, the business regatta Sochi 2010, tennis tournament for the prizes of the governor of the Krasnodar region, the open boundary sailing competition. 

The Forum covered the 1,280 representatives of Russian and foreign media, including TV (Russia 24, Euronews, Russia Today, 1 channel, 5 channel, NTV, RBC TV, Bloomberg, National TV of Italy, Germany and National TV, etc.), radio (FM Business , Europe, Radio 7, Radio Retro, lighthouse-Vesti FM, etc.), online agency (RIA Novosti, Interfax, ITAR-TASS news agency, Itar-Tass, etc.), publications (World Business Review, Die Welt, Expert , Finance, the Russian newspaper, Vedomosti, Izvestia, Economic Newspaper, etc.).

Broadcast of the plenary meeting of the Forum was carried live on the federal TV channel Russia 24 and the boundary of the STC Broadcasting Company.

INTECO Represented Russia in EXPO REAL 2010

INTECO - reflected in the portfolio of its projects the most relevant topics of EXPO REAL 2010. Results of EXPO REAL 2010: Real estate market is emerging from crisis
The Munich International Exhibition of Commercial Real Estate and Investments «EXPO REAL» first time since 2008 has demonstrated a tendency to restore the industry after the crisis. the 13th international forum was attended by 37 thousand people. Thus, in comparison with 2009 the number of participants and exhibitors of «EXPO REAL 2010" has increased significantly. 

According to a survey conducted among visitors to the company «Gelszus Messe-Marktforschung», over 60% of respondents believe that the economic situation in the industry in the future will be even better. In addition, this year, according to experts, along with Germany following the country entered the Top 10 Real Estate Market: Great Britain, Austria, Netherlands, Switzerland, France, Poland, Czech Republic, Russia, USA, and Luxembourg. 

As noted by foreign experts, the only Russian company participating in EXPO REAL 2010 was INTECO reflecting in the portfolio of its projects the most urgent topics of the exhibition forum.

This year exposition of INTECO is a number of major projects in various regions of Russia and abroad, whose implementation is designed for the long term, for example, only the current projects - up to 2026. 

In addition, INTECO has presented innovative programs for Russia, used in the company: advanced energy saving technologies and the concept of Green Building. Also for the first time «EXPO REAL» company presented the new directions of their activities - Fee development and integrated development of land for mass housing on the basis of our own production facilities in the form of renovated or newly created by DSC. 

On the stand INTECO this year they could see the development of the hotel areas of activity in the dynamics - there were first presented two star hotel opened its doors in 2009 and 2010. Respectively there were a hotel complex Grand Tirolia Golf & Ski Resort at Kitzbühel (Austria) and business hotel "New Peterhof" in St. Petersburg, as well as a new project of tourist and residential complex« Paradise Golf », which is being built on the Mediterranean coast of Morocco. A total of «EXPO REAL 2010" was submitted to 1,645 companies from 35 countries. A significant increase in the number of exhibitors has occurred, primarily due to companies from Central and Eastern Europe.
information is provided by the press service of CJSC INTECO

Controlling Stake Of First Cargo Company Will Be Sold To Strategic Investor

Controlling stake in the First Cargo Company  will be sold to a strategic investor, Senior Vice President of Russian Railways (RZD) Valeriy Reshetnikov told reporters. 


According to him, the decision was made at the governmental level.


JSC "First Cargo Company" is one of the largest railway operators in Russia. The company was established in July 2007, independently managed a car fleet in November of that year. It currently ownes over 200 thousand units of rolling stock of different types. 


The company's share in the structure of the car fleet of Russia is 21%. The main founder and owner of ordinary shares of First Cargo Company is RZD and nonprofit organization Zheldorreforma as a co-founder owns one ordinary share of the company. In 2009 the company  transported 231.8 million tons of cargo. 

Alexei Kudrin Was Named Best Finance Minister Of The Year

Forbes.ru writes that Euromoney magazine recognized the Deputy Prime Minister and Minister of Finance of Russia Alexey Kudrin the  Finance Minister of the year. The ceremony took place in Washington on Sunday in the autumn session of the IMF and World Bank.
The publication evaluated the contribution of Kudrin in the creation of a stabilization fund and the direction of his windfall profits from oil. According to experts, this has contributed to the fact that Russia has withdrawn from the global financial crisis in better shape than expected.
"Kudrin was recognized financial manager of the highest class, not only in the West, but in Russia - a country which is always not enough heat treated reformers" - quotes the edition the words of the  head of Euromoney Padraic Fallon.
Kudrin has previously been called the best Finance Minister. According to the British magazine The Banker, he was awarded  a title in 2005.