Komersantru describes abnormal situation in Moi Bank

It took the presidential administration only three days to turn the oral 10 theses concerning the investment climate into the written ones. Those theses were announced by the president at the Modernization Commission's session in Magnitogorsk on March 30 . The story in Komersantru. Moi Bank of former Senator Gleb Fetisov has chosen a new head. Komersantru describes this abnormal situation in the bank. Due to the transfer the competition for selecting a contractor for the reconstruction the landing strip in Vnukovo, a special flight crew may stay too long in Sheremetyevo up to August 1. Market participants consider such a variant of development of events extremely negative. It is fraught not only a reduction of charter programs of airlines but also long traffic jams on Leningradskoye Shosse during the dacha season. Presidential representative in the North Caucasus Federal District (SKFO ) Alexander Khloponin has decided to dismiss his deputy - General Arkady Yedelev, who is in charge of monitoring interaction with the states bordering on SKFO. Russian newspapers examines the reasons behind the general's resignation. Kabardino-Balkaria's head Arsen Kanokov today is expected to dismiss the republican gvt. Komersantru examines several versions explaining such a decision, focusing on experts' viewpoint. President Dmitry Medvedev has proposed to introduce a new article to the Criminal Code devoted to the crimes connected with the illegal organization and conducting games of chance and also amendments to the Code of Administrative Offences. Komersantru english examines several proposed amendments.
Prime Minister Vladimir Putin on Saturday on the threshold of his annual accounting report in the State Duma received a proposal from A Just Russia party - - to cancel the presumption of innocence for state bureaucrats and in case of corruption suspicion to immediately confiscate the property of state bureaucrat and members of his family. The regions of Ural Federal District are the first from among the Russian regions to have reduced the transport tax. Such a possibility has been envisaged by the wording of the Tax Code was endorsed at the end of 2010. Komersantru names such regions, saying Moscow authorities so far have no intention to lower the tax. The Agriculture Ministry has raised the level of its grain harvest forecast for 2011 up to 90 million tons. This was stated by Deputy Minister Shamil Vakhitov, Komersantru comments on his statement. The Federal Anti-Monopoly Service ( FAS) initiated the work over the document way back in 2004, but it was unable to regulated the draft with the related departments. The final document has disappointed market participants - it practically does not change the existing rubles of forming the export schemes of Transneft preserving the non-transparent system. Rosstat has made public a new assessment the economy growth in 2010. The final figure growth in 2010 as compared with the preliminary estimate is unchanged - 4 percent of gross domestic product, but Rosstat's assessments growth structure have changed. Rosstat has considerably reduced the estimate of net export in 2010 at the expense of understatement of export in the fourth quarter. The figures for the growth of gross domestic product in 2011 will be lower than are expected today. The 2-day traditional World Russian Forum completed its work in Washington on Saturday. Its participants unexpectedly arrived at the conclusion that the main result of the resetting of Russian-American relations became a return to the times of Cold War. Komersantru features this event. Pochta Rossii is replacing the head of its Express Mail Service (EMS), the interruptions in the work of which have resumed since the start of this year. EMS head Andrei Budanov is quitting his post and will deal with electronic mail.
The energy companies that are modernizing their electric power stations can get worse conditions for work in the market than those that have preserved the old capacities. Such a situation in several cases is created by the existing model of the market. The Magnit retail network of shops is considering the possibility of holding SPO this fall. The retailer is discussing the parameters of an additional issuance of shares with Morgan Stanley and VTB Capital that act as the organizers of the past placement of the network in 2009. Magnit has planned the most large-scale investment program for this year - $1.8 billion. The market of trust management has begun to withdraw from the crisis. The managing companies in 2010 demonstrated growth after the two years of reduction. The cited figures illustrate the point. Transcreditbank ( TKB), the pocket bank of Russian Railways, has given up its plans to turn into a universal bank at the expense of coming out into retail. After the emergence of a new shareholder - VTB - it was decided to limit the development of TKB to its corporate requirements. The Renaissance Credit bank has made public its accounting report for 2010 that shows that the bank for the first time since the crisis has shown the growth of its credit portfolio. Komersantru examines its portfolio. The world exchange space is again under threat of a large-scale re-division: the trading grounds NASDAQ and ICE have made a joint proposal of a purchase of NYSE Euronext, having offered by 19 percent more than German Deutsche Boerse two months ago. Uralkaly has paid top-managers, who in 2010 left the company, over 400 million rubles. Over 50 percent of this sum was received by Denis Morozov, who between February and August had been head f of Uralkaly. Uralkaly on Friday made public its accounting report for 2010. Komersantru says. The Traktorniye Zavody concern controlled by Vneshekonombank has re-financed its debt worth over $1 billion, thus having avoided the threat of its bankruptcy. Now VEB may launch negotiations with the potential buyers of the concern's assets - Russkiye Mashiny and Uralvagonzavod.