Oleg Deripaska’s first large foreign developer project will become the most scale among the other foreign construction projects of Russia’s market players. As it came out, the businessman and his partners take part in the construction of the resort with yacht berths in southern Montenegro. The area covers 2 million sq.m, and investments attain €8,3 billion. The sum is enormous on the background of the world liquidity crisis.

World’s largest producer and marketer of wine, the US Constellation Brands (such brands as Hardy’s, Robert Mondavi and Paul Masson), establishes its subsidiary in Russia. The company intends to spend more than $2,4 million annually, or nearly 10% from annual sales for the promotion of its brands at the Russian market. The experts say that the specific feature of the wine market is the absence of any brands, and Constellation has to promote the wine for the Russians as a category.

Recently, Standard & Poor’s published the report, where the rating agency assessed Russia’s bank system saying that “it became more stable, however, we should make a range of stipulations to state this fact”. Though, despite its “youth”, the Russian bank sector has experienced already three crises, in 1995, 1998 and 2004, and the agency warns that it is too early to speak about the significant changes within the sector. However, this statement doesn’t impede the Russian banks to solve successfully the problems, caused by the world liquidity crisis, due to the support of Russia’s government and the stockholders.

Russia’s Prime Minister Vladimir Putin declared that in 2008, the Russian government wouldn’t increase the stake of the capital inflow to the economy, since “it poses the additional problems” with the inflation and the volume of money supply. Russia’s Central Bank (CB) and the government can afford such strategy for a year or two, but no later than 2011, though, from the end of 2009 the level of the capital inflow will determine both the inflation and the ruble rate.

The stockholders of the Russian RosEvroGroup have found the buyer for its bank asset. The largest bank of China – Industrial and Commercial Bank of China – will purchase 100% of RosEvroBank (former joint-stock bank Loubyanka). The investment of the Chinese bank becomes the first purchase in Russia made by the investors from the Asia-Pacific region.

The German auto concern Volkswagen is planning to expand its production in Russia. The corresponding statement was made during the opening of the International Moscow Auto Salon 2008.

According to the results of 1H 2008, the vodka segment with more than RUR 100 a bottle, where the majority of the federal brands are presented, became larger than the “people’s” segment with less than RUR 100 a bottle for the first time, and the stake of the Top 10 of the vodka companies approached the mark of 50%, as calculated the agency Business Analytica. The regional producers have also faced the pressure of the federal companies: the investment bankers and market participants fix the growth of offers about the sale of the regional distilleries

Recently several statements about intensification of the Chinese automakers’ projects in Russia were announced at once. Despite the severe obstacles in the way of China’s companies in Russia, the prospect of settling at the growing market is of primary importance for the players from the most densely populated country in the world

Instead of Eurasia Logistic’s IPO planned for 2009, the Kazakh banker Mukhtar Ablyazov decided to take all his developer business in Russia to a stock exchange. The businessman establishes one company that will comprise such projects as Eurasia Logistic (the chain of warehouses with the area of 9,3 million sq.m.) and Eurasia City (the satellite town in the Moscow region of 9,1 million sq.m.). The established managing company becomes the most expensive Russia’s developer company the stocks of which are traded on a stock exchange: its capitalization can reach $23 billion.

Rating agency Standard & Poor`s leveled one group down the country risks of Russia’s banking system. S&P reacted to support the Bank of Russia had rendered to the system within financial crisis. On the other hand, the agency still considers that if recession happens, around the half of the Russian banking assets can become troublesome.