Russia’s Internet business already reached a certain level and became attractive from the investment viewpoint. In particular, this proves investment policy of Alisher Usmanov, who demonstrates high activity towards net projects this summer.

Russian banks managed to change principles of their activity funding – they turned from foreign borrowings to citizens’ facilities. In April growth rate of individuals deposits was 3,1%, that twice as more than previous months current year. However, lending grows much quicker. Such gap in rates of facilities attracting and spending can result in search of new funding sources by banks within several years, as experts warn.

Russian banks cut growth rates of loans’ volumes given to individuals, as it follows from Bank of Russia statistics. Home loans and mortgage make an exception, as these segments continue to grow rapidly. Experts explain this by banks reorientation towards the more stable segment of the long-term lending.

JSC Voskresensk mineral fertilizers (VMU) intends to construct carbamide production line with up to 400 000 tons capacity a year and to increase its capacities of mineral fertilizers output more than one and half times. Installation can become the first new carbamide production in Russia for the last 20 years. And only the possible price drop for mineral fertilizers and growth of internal gas prices endanger the project efficiency.

Economic relations of Russia and Singapore do not have a long history. The young republic has been resisting the communist China; therefore the intercourse with the USSR was not a friendly one. The active cooperation has been started in 2006. Then the committee for international trade development of the republic coupled with Troika Dialog has held the first Russian-Singaporean business forum.

Gazprombank published the activity results by the Russian Accounting Standards (RAS) of the first quarter of 2008. The bank income is almost 30 times down as compared to the analogical period previous year. However, the analysts assume such results of the Russian banks rather positive on the background of large write-offs of western financial organizations.

Bank of Russia (CB) is ready to facilitate small and middle banks to attract long resources by means of mortgage bonds issue. CB began to elaborate on the corresponding amendments to its own regulations. In the experts’ opinion, the amendments will act after mortgage bonds will be included in Bank of Russia Lombard list

Supervisory board of Bank for Development and Foreign Economic Affairs (Vnesheconombank or VEB) has approved the development strategy of the state corporation for 2008-2012 period. According to the document, by this period end the bank loan portfolio would increase four times – to RUR 850 billion “due to state investment projects participation in the financing”. VEB would need its own regional chain for their realization. And the bank intends to create it already by 2010.

The banking system will pass the first this year borderline of quarters through, maximum unfavorable from the viewpoint of tax payments, with the rather lower than expected increase of the money market rates and demand for the centralized refinancing

The Savings Bank withdrew from the top three of the companies that are the leaders of the Russian stock market by capitalization. The mortgage crisis resulted in that the securities of financial organizations became the most risky investments for investors and as the result the capitalization of the largest Russian bank went 21% down for a year.