Foreigners buy up the Russian insurance market. The seventh transaction already took place in 2007 - the French AXA acquired 36,7% of RESO-Garantia with option to the subsequent repurchase of all insurer. Foreigners bring their technologies to Russia, and for population it means simplification of insurance, absence of problems in losses’ settlement and reduction of insurance cost

Transaction on acquisition at the Privat Group of metallurgical assets in Ukraine will cost Evraz Group more than $2 bln. An agreement is advantageous for both parties; besides the price for the first for the Russian metallurgists entrance ticket to the Ukrainian market is not very high.

Oil Company Alliance, controlled by the Russian businessman Musa Bazhaev, and Swedish West Siberian Resources Ltd. (WSR) announced about amalgamation. Alliance will get 60 % in the incorporated company which capitalization is evaluated at $2,5 billion.

The United Company RUSAL summed up the industrial and financial activity in 2007. As it is said in the official report, earnings grew more than 11 % and reached $14,3 billion (in comparison with $12,9 billion in 2006). The total amount of the company investments increased by 45 % to $2,9 billion, production of aluminum grew by 6 % (4,2 million tons), and total production of foundry industry with the added value grew by 16 % in comparison with 2006 and made about 2,1 million tons. Total production of alumina in 2007 grew by 5,1 % in comparison with 2006 and made more than 11,3 million tons, and total production of bauxite remained at level of 2006 and made 17,3 million tons.

Public Corporation LUKOIL came to an agreement with the Financial Group “IFD Kapital” about purchasing about 80 % of stocks of Public Corporation SGC TGC-8 at the price equivalent to 640-660 dollars for 1 kilowatt of installed capacity. It is said in LUKOIL official message.

Belgian Group Bekaert, which in 2007 refused to acquire Magnitogorsk “Uralcord”, Closed JSC, declared that it will construct own plant of metal cord production in the special economic zone of industrial and production type in Lipetsk

By the decision of Russian authorities Italian company Alenia Aeronautica is allowed to buy blocking stockholding of the strategic aircraft construction company. This transaction is the necessary condition of successful project ending of supermodern middle-range Russian plane Sukhoi Superjet 100 creation. The President of Russia Vladimir Putin has signed the order, in which Italian company Alenia Aeronautica is allowed to buy blocking stockholding (25% of stocks plus one stock) of Sukhoi Civil Aircraft Company (SCAC).

In the program of branch development till 2020 planned such quantity of power units that was put into operation in Russia for the whole Soviet period. In woods near Voronezh construction of the first nuclear power plant for the last 15 years was started in Russia. Now it is still hard to believe, but its first block will give electric power in 2012.

The agreement of Russia and Serbia has provided Gazprom with extremely favorable terms of work in this country. It acquired the state NIS cheap and got advantages in admission to the Serbian area of future South Stream gas pipeline. Gazprom drummed up support of Austria also, and within the agreement frames got a half in one of the largest European gas trading floors. Hungary should become the last element of South Stream. In analysts’ opinion, in such situation it “can propose any price”. Especially in the conditions of strong criticism of European countries’ loyalty to Gazprom from the USA part.

Company Quality Energy Petro International Ltd. and Chelyabinsk region government have signed an agreement about intentions on construction of oil refining and petrochemical complexes costing $4,5 bln. As Adel Al Otayba, Quality Energy Petro chairman, reported to the journalists after agreement signing, project realization foresees oil refinery construction in the region with the project power 180 000 barrels per day and complex on production of high-technology petrochemical products from hydrocarbons. “It is our first project in Russia”, marked Adel Al Otayba.