Russia 100209 Basic Political Developments
Emerging Markets: Goldman Sachs loses out as Russia announces winners of ‘Golden Ticket’
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- Steel Guru: Russian steel import in 2009 down by 39pct
- Steel Guru: MMK steps up steel exports the Middle East in 2009
- Steel Guru: NLMK plans to increase steel output at Lipetsk
- Reuters: Russia Sberbank pays $1 bln loan ahead of schedule
- Emailwire: Russian Banks Intensify Lending Activities
Emerging Markets: Goldman Sachs loses out as Russia announces winners of ‘Golden Ticket’http://emergingmarkets.me/2010/02/goldman-sachs-loses-out-as-russia-announces-winners-of-%E2%80%98golden-ticket/ by admin on February 8, 2010 Bulge bracket bank Goldman Sachs was the big loser after last Friday’s annoucement of the banks to manage Russias upcoming sovereign eurobond issue. Barclays Capital, Citigroup, Credit Suisse and domestic bank VTB Capital are arranging the deal, according to a statement from the Finance Ministry. US bank Goldman Sachs had been involved in pre-marketing for the sovereign issuance last year and had secured a prized mandate last time Russia tapped the Eurobond markets in June 1998 before it defaulted on its domestic debt. Twenty banks were invited to pitch for the deal last December and the other big ticket losers included Deutsche Bank, JP Morgan and HSBC. It had been reported that Russia was looking to raise as much as $18bn from a eurobond issue but bankers anticipate that the Kremlin will eventually look to raise about $3-5bn. Two rating agencies, Fitch and S&P, raised the outlook for Russia’s sovereign debt within the past two months. Finance Minister Kudrin said this would make Russian borrowing significantly cheaper.
Dow Jones reported that Russia imported 3.64 million tonnes of steel in 2009, 30.8% less than in 2008. The steel imported in 2009 was worth USD 3.31 billion compared with USD 6.37 billion the previous year. The imports of steel from countries outside the Commonwealth of Independent States in 2009 were 1.24 million tons worth USD 1.65 billion. Russia also imported in 2009 583,600 tons of steel pipes a fall of 38.5% compared with 2008. The imported pipes were worth USD 918 million compared with USD 1.79 billion a year earlier. Steel pipe exports from countries outside the CIS in 2009 were 184,400 tonnes worth USD 563.4 million. (Sourced from Dow Jones Newswires) Steel Guru: MMK steps up steel exports the Middle East in 2009http://steelguru.com/steel_trade_today/russian_edition#1 - 09 Feb 2010 It is reported that the Russian steelmaker Magnitogorsk Iron and Steel Works has announced that in 2009 it increased its steel product shipments to the Middle East, its key delivery market by 17.5%YoY to 1.66 million tonnes compared to 1.413 million tonnes in 2008. The share of the producer total exports directed to this market in 2009 rose to 43% from 38% in 2008. Meanwhile, MMK's deliveries to Asia and the Far East amounted to 35% of its total shipments of steel products to foreign markets, its deliveries to Europe accounted for 11% while its shipments to Africa accounted for 6% of its total exports. The producer's shipments of steel products to North America in 2009 amounted to 1% of its total exports while its shipments to Central and South America accounted for 3.6%. In 2009, MMK total export shipments came to 3.86 million tonnes. On the other hand, in 2009 MMK steel product deliveries to the domestic market accounted for 56% of total deliveries. In its statement, the company said that it continues to consider the Russian domestic market as a priority and as strategically important. MMK said in a statement that "Overcoming the crisis, substantial growth is expected in Russia's economy in the domestic consumption of ferrous metals, which opens up good prospects for the domestic producers of steel products." (Sourced from SteelOrbis) Visit www.steelorbis.com for more Steel Guru: NLMK plans to increase steel output at Lipetskhttp://steelguru.com/steel_trade_today/russian_edition#1 - 09 Feb 2010 According to Mr Vladimir Nastich general director of NLMK Russian steelmaker Novolipetsk Steel plans in 2010 to increase its steel output at its main production site in Lipetsk by 10%YoY to 14%YoY to 9.3 million tonnes to 9.7 million tonnes. Despite challenging market conditions, in 2009, the steel output production of NLMK production site in Lipetsk remained unchanged from the previous year level, amounting to 8.507 million tonnes. Meanwhile, its average capacity utilization rates over the year amounted to 93% which is lower than usual due to the temporary stoppage of furnaces. As SteelOrbis previously reported, the main task for NLMK has stated that its current main task is to boost its steel production by 40% to about 12.4 million tonnes per year by 2012 through the implementation of theits second phase of its the technical upgrading program. (Sourced from SteelOrbis)
MOSCOW, Feb 8 (Reuters) - Sberbank State-controlled Sberbank, home to half of Russians' deposits, has said said it had no plans to return to the external debt market in the first half of 2010 [ID:nGEE5B90G0] "The decision was made according to international practice... and agreed with the central bank," Sberbank said in a press-release. Sberbank secured the loan with a maturity of ten years and interest rate of 6.23 percent in February 2005 and had the right to redeem it after February 11 2010, the bank said on its web site. (Reporting by Dmitry Sergeyev; editing by Patrick Graham) Emailwire: Russian Banks Intensify Lending Activitieshttp://www.emailwire.com/release/33743-Russian-Banks-Intensify-Lending-Activities.html Backed by strong fundamentals, the Russian banks loans are expected to witness robust double-digit growth during our forecast period (2008-2013).EMAILWIRE.COM, February 09, 2010 New Delhi, India - According to a new research report "Russia Banking Sector Forecast to 2012" by RNCOS, the Russian banks have continued to offer lending services despite high probability of bad debts amid financial crisis. Some of the banks in fact have intensified their lending activities. For instance - the state and foreign controlled banks have increased their market share in the total credit volume extended by banks in Russia. Moreover, banks are optimistic about future economic conditions in Russia and confident of further boost their lending offerings. As per our estimation, the bank loans are forecasted to grow at a CAGR of about 23% during 2008-2013. The report is an outcome of extensive research and detailed study of the banking sector in Russia. The report has discussed each performance indicators of the banking sector, like deposits: household deposits and corporate deposits; loans: individual loans and organizational deposits in detail. In addition to these core performance indicators, the report contains an elaborate information and reliable statistics of other important banking products like payment cards and ATM terminals. The report also tells clients the direction in which the banking sector is likely to move in near term considering the possible impact of global financial crisis. The report features forecast for all the important banking performance indicators like deposits, loans and bank cards. Our forecasts are based on past growth trends, pattern of macroeconomic variables and recent and likely industry developments. "Russia Banking Sector Forecast to 2012" analyses the pattern of macroeconomic variables, risk factors, capital adequacy analysis and emerging industry trends which will decide future of the banking sector in Russia. The scope of risk factor analysis includes all major risks the banking sector could face, including market risk, credit risk and liquidity risk. Moreover, it analyzes competitive landscape of the banking sector and lists the key players together with their present share and business profiles. For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM238.htm Check DISCOUNTED REPORTS on: http://www.rncos.com About RNCOS: RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
09.02.2010, 12.01 MOSCOW, February 9 (Itar-Tass) - Revenues from telecommunications services went up by 6.4 percent in 2009 against the 2008 figure to reach 1.3 trillion rubles, a source in the Russian Ministry of Communications and Mass Media said on Tuesday. Addressing a specialized conference, Telecommunications: Coping with the Global Financial and Economic Crisis and Further Tasks, Alexander Narukavnikov, director of the Ministry’s economics and finance department, said that the information and communications technologies market volume grew by two percent to reach 1.8 trillion rubles, with telecommunications accounting for 72 percent of this market. “In general, we can say that the sector has survived,” he noted. As of now, the Russian telecom sector’s top priorities include application of world standards of data transmission, upgrading obsolete telephone exchanges, switching to digital TV broadcasting and expansion to new frequency bands. According to the Ministry of Communications, by 2015, the total volume of investments into these projects will amount to 163.9 billion rubles, of which 76.366 billion are included in the budget. Bloomberg: Alfa, Telenor Ask Investors to Support Mobile Merger, FT Says http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a75ULrzuJitQ By John Simpson Feb. 9 (Bloomberg) -- Alfa Group and Telenor ASA will today seek the support of minority shareholders in their mobile-phone joint venture, the Financial Times reported, citing Alexander Izosimov, who will be chief executive officer of the new eastern Europe group. The approval of minority shareholders is required to permit the merger of the companies’ stakes in Moscow-based OAO VimpelCom and Ukraine’s ZAT Kyivstar, the FT said. Last Updated: February 8, 2010 19:04 EST Directory: gifiles -> attach attach -> British Forces – Akrioti, Greece Griffin Fighter Squadron (84 Squadron raf) MoD announced possible Typhoon and Tornado arrivals to the base France attach -> Russia 110204 Basic Political Developments attach -> Unclassified//for official use only attach -> Adaptability Sustainment attach -> Pop-up 1 ("C" Chechnya) Header Text: Emir of the Caucasus Emirate Doku Umarov Image attach -> Russia and Islam are not Separate attach -> Chapter 13: The Northern Caucasus attach -> The evolution attach -> The devolution attach -> South Korea and Brazil: Brazilian’s Plan and Korean Visit Download 265.01 Kb. Share with your friends:
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