Head of Sberbank Intends to Sell a Stake of Russia's Largest Bank

The head of Russian "Sberbank" German Gref offered to sell a stake in Russia's largest bank on the open market and to consider privatization in favor of a strategic investor only if he offer premium to the market price.
"To sell on the market is the best. However, if a strategic investor offer a premium to the market price, it can be discussed. But while sales in the market is the most transparent," - agency Reuters quoted Gref.

Seek of Strategic Investor for Aircraft Production in Russian Ulyanovsk Region

The governor of Ulyanovsk region Sergey Morozov and chairman of the company «Evektor» Jaroslav Ruzicka have signed an Agreement of Intent on the establishment in Ulyanovsk production of turboprop aircraft EV-55 of the company "Evektor". Company «Evektor» is a leading design bureau of the Czech aircraft industry and the main European producer of light-metal aircraft.
According to the text of the Agreement «Evektor» with the assistance of the Government of the Ulyanovsk region intends to seek a strategic investor for creation of the territory of the Ulyanovsk region of turboprop aircraft EV-55 Outback production. Capacity of the aircraft, ranging from 9 to 14 passenger seats, a relatively low price ($ 1,900,000) and range up to 2000 km are very attractive from the standpoint of its use in regional local lines of the Russian Federation.
Signing of the document was preceded by a series of business meetings and negotiations. Czech delegation was informed about the creation of the territory of the region's aviation cluster, as well as on measures of state support provided to investors, the deploying production on the territory of the Ulyanovsk region. For a more detailed acquaintance with the region's potential in the aviation sector members of the Czech delegation visited the Aviastar-SP, the site of port special economic zones and infrastructure, airport "Ulyanovsk-East ", Ulyanovsk Higher Civil Aviation School.