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13.11.2009, 18:05

Novatek posts 3Q 2009 Net Profit of 7.35 billion Roubles

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13.11.2009, 17:37

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13.11.2009, 16:56

MTS posts 3Q 2009 Net Income of $494.4 million

Russian Mobile operator, MTS has posted a 3Q 2009 Net Income of $494.4 million under U.S. GAAP.

Dmitry Medvedev (AFP Photo / Natalia Kolesnikova) 12.11.2009, 14:36 8 comments

Down-to-earth problems at the core of Medvedev’s second address

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19.03.2010, 13:31 6 comments

Russian ‘Silicon Valley’ to be built near Moscow

President Medevev has announced during a speech to young scientists that Russia is to build its equivalent of Silicon Valley in the village of Skolkovo near Moscow.

18.12.2009, 11:24 2 comments

Putin calls for aviation boost

Vladimir Putin has ordered an extra $700 million to be pumped into the country’s aircraft manufacturers.

AFP Photo / Maxim Marmur 18.03.2010, 11:38 1 comment

Avtovaz unveils modernization plan

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25.06.2010, 13:53 1 comment

Boeing looks to Skolkovo as US and Russia link up on technology

Russia and the United States have agreed to jointly work on innovative breakthroughs, with Dmitry Medvedev meeting Barack Obama in Washington, after the Russian President's Silicon Valley visit.

21.07.2010, 12:36 1 comment

The automakers boost from cash for clunkers

Auditing firm PricewaterhouseCoopers says the cash-for-clunkers program gave a sizable boost to the sector. Automotive industry expert at PWC Russia Stanley Root spoke with Business RT.

23.04.2009, 17:52

Doubts on small business access to new bank support funds

Prime Minister Vladimir Putin this week told banks that receive state aid to lend at no more than 3% above the central bank's refinance rate, but the measure is unlikely to benefit small- and mid-sized businesses.

State corporations to pave way for new privatization round

Published: 14 November, 2009, 21:40
Edited: 16 November, 2009, 13:44


Experts have welcomed President Dmitry Medvedev’s plan to convert Russia’s state corporations into something more dynamic, with some saying they has been a costly mistake.

 
1 COMMENT
Count Cash November 15, 2009, 10:58 quote
0

Part privitisation is a good thing, providing it has rules and the current owners are returned fair value, we don't want mass theft again. But rules and fair value are the key things here. In terms of rules, we definitely need the 49% max rule. This stops the enterprises becoming financial weapons against Russia, secondly the fair value concept is so important, meaning there is no fast buck, we will allow an investor to get a good return, if they join for the mid/long term. But we will make sure the initial price reflects a fair return for the state and ultimately the people to benefit from. However, we can even be more imaginative in the future, and split the residual 51% between direct state holding and a citizen's holding, held in a fund. This would augment state ownership, by direct citizen equity holding with some rules. This means each citizen would get a divident payout from the fund managing their citizens portfolio. Now every one has a slice of the cake, and that is what you need for a good party. But we have some rules again, the rules are simple for the citizen, they get the the citizens alloction at birth, which changes with more companies formed or failed, then they lose it on death, and of course, they are not transferable and have all voting rights vested in the state. Of course if you don't like the way the economy is going, and hence your investment, then you change the government.

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