Gazprom Neft will both buy out 51% in Serbia’s NIS oil monopoly at the state, and 20% of stocks at the minority stockholders - individuals. The assessment of Deloitte & Touche that estimated NIS (Naftna Industrija Srbije) at €2,2 billion should become the basis to determine the price of the agreement. Thus, Gazprom Neft has to pay €428 million more for the deal without getting the additional rights

Domina Hotels Group (DHG) launches the project on the construction of three- and four-star hotel chain for 1 000 rooms estimated at €150 million in Russia. Unlike other western operators, such as Rezidor SAS, Marriott, Hilton, the Italian company will construct hotels independently instead of taking control over them. This strategy will assist DHG in catching up the rivals: the opening of DHG’s hotels will not depend on the financial condition of Russia’ local developers that can suspend the projects because of the expensive loans

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 National Wealth Fund (NWF) enters the corporate securities market. About 80% of its facilities will be invested in stocks and bonds of the foreign companies mainly, but the Russian organizations will get the stake as well.

Russia’ government funds 15 large economic projects for RUR 82 billion. The majority of these projects will be implemented in the Urals. The regional development minister Dmitry Kozak declared about these plans within the economic forum held in Yakutsk. This city became a temporary Russia’s financial centre.

On Friday, September, 5, Russia’s stock market capitulated. “We opened the market with the drop of 2%, then it fell to 9%, and then grew to - 4%”, as the top-trader of Troika Dialog Timur Nasardinov says. By 15.00 Moscow time, the RTS index updated the minimum since the end of June, 2006, and fell to 1407 points, but it grew to 1469 points (-3,8%) at the closing. The total capitalization of Russia’s public companies went by 3% down, to $1,086 trln.

Within the last two months, the price of oil went by 27,3% down. Thus, one more problem joined the core troubles of Russia’s investors after the war conflict in Georgia - the severe depreciation of the key Russian treasure. If this process doesn’t stop, Russia’s stock market will continue falling.

Russia’s Rostelecom and Japan’s KDDI launch a new communication system, the Russia-Japan Cable Network, that will lay under the Sea of Japan along the Nakhodka-Naotcu route. According to the calculations of the analysts, the total volume of investments in the project reached $50 million. The construction will be conducted pari passu

Russia’s managing companies will get a new tool permitting them to get an additional income for the stockholders. The Federal Financial Markets Service (FFMS) intends to permit the managers signing repo agreements using the assets of the investment funds. Since the beginning of the year, the mutual funds’ losses reached 21% on average. So, according to the experts, the FFMS’s innovation will help them to compensate these losses

The Russian experts are looking for the positive aspects of Russia’s little chances to enter the WTO (World Trade Organization) in the nearest future taking to account the military conflict in Georgia.