November 27, 2009 May 1, 2011
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NovemberMay 27, 1, 20112009 This is bne's weekly newsletter covering FDI and investment plans in Eastern Europe. You can receive the list as a plain text or html email or as a pdf file. To manage your delivery options: http://businessneweurope.eu/users/subs.php TOP STORY INVESTMENT 1. Number of Russian SME falls 2. CORRUPTION WATCH: State Officials' bank accounts to be opened for inspection 3. COMMENT: Majestic brands 4. CORRUPTION WATCH: Moscow slashes red tape for construction permits 5. CORRUPTION WATCH: Federal funds watchdog barks at accusations of corruption 6. Russian regions suffer from petrol shortages 7. Integration of Russia and EU essential for development says Putin 8. Nuclear fallout in Emerging Europe 9. Putin Orders a Downward Revision of Tariffs: Limited Negative Impact on Gas, Utilities; Positive for Fertilizers 10. Putin's friend may join Rosneft board - paper 11. Russia needs 'social revolution' to modernize - minister 12. Government to raise export duty on gasoline 13. Russia to raise export duties on gasoline exports in May to boost domestic stocks 14. Small Businesses Feel the Pain 15. Talakan, Verkhnechonsk fields may soon lose export duty preferences 16. Turkish PM unveils plans for another water channel through Istanbul 17. Tymoshenko to sue Firtash and RosUkrEnergo as political shenanigans continue 18. Ukraine finally persuades Russia to talk about gas prices - but how? 19. Ukraine's President pushes forward reforms agenda SECTOR Gas 20. European gas prices to top $500bcm 21. Gazprom agrees another LNG plant to feed Japan 22. Gazprom, Itochu to build Vladivostok LNG Plant 23. Gazprom: exports surging, expecting $500/mcm European price by December 24. Russian-Japanese LNG JV output to reach 10m tonnes per year 25. Russian domestic gas consumption was 6% up YoY in March SECTOR Oil 26. Gasoline shortages persist in Russia, prices rise 27. Lukoil buys half of Vietnamese shelf project 28. Rosneft: Pulling the Rabbit out of the Hat 29. Rosneft and LUKoil to explore Arctic together 30. Rosneft: The government cannot agree on a candidate for Chairman of the Board 31. Russian–Serbian oil JV seen launching 10 mln tn oil field 32. Total to invest in Russian Arctic and Caspian 33. Vankor, Talakan and Verkhnechonsk export duty breaks removed from May 1 SECTOR High Tech 34. Ericsson commits to Russia's Skolkovo Innovation Center 35. Putin calls development of space industry Russia's top priority 36. Sitronics to build intelligent transport system for Moscow SECTOR Metals and Natural Resources 37. Russia introduces progressive taxation for nickel 38. Russian Steel and Bulks Watch: April 2011 SECTOR Nuclear 39. Medvedev to propose G8 blueprint for greater nuclear safety SECTOR Power 40. Bashkirenergo holds conference call to discuss FY10 IFRS results 41. Federal Tariff Service revises gencos' forced mode capacity tariffs 42. Fortum's CEO Tapio Kuula gives interview to Vedomosti; comments on investments in Russia 43. RusHydro holds analysts meeting - no breaking news SECTOR Retail, FMCG 44. Alcohol sector - Not without issues, but cheap 45. Retailer O'Key's net profit up over 300% in 2010 46. Synergy reports spirits sales volume growing 15% YoY in 1Q11 SECTOR Telecom, Internet 47. AC&M releases Russian mobile market figures for March - confirms competition is easing 48. Rostelecom: 2.3-2.4 GHz frequency issuance suspended 49. Russian internet March audiences picks up on stronger seasonality 50. VimpelCom gets eight licences in the Russian Far East SECTOR Agriculture 51. INTERVIEW: Kazakhstan tries to beef up exports 52. Miratorg announces aggressive expansion plans; competition in meat production intensifies 53. Putin pushes for spring sowing 'catch-up' SECTOR Automotive 54. Stable outlook for European auto suppliers after strong rebound 55. KAMAZ ups 2011 targets 56. VEB helps carmaker Sollers' JV with $1bn loan SECTOR Aviation, shipbuilding and defence 57. Armavia airline starts flights to Venice on Russia's Superjet-100 58. The Russian MiG-35 was not selected for India's USD 10bn fighter jet contract - negative for UAC SECTOR Media 59. April audience share of CTC Media's flagship picks up in Russia on new 'family for adults' content SECTOR Coal 60. Raspadskaya Coal - whither from here? SECTOR Infrastructure, Construction & Real Estate 61. Aeroflot: Passenger growth will demand additional terminal capacity 62. Mostotrest subsidiary Transstroymekhanizatsiya wins USD272mn contract to overhaul Vnukovo runway 63. Will Sheremetyevo get a management company soon? SECTOR Chemicals, Fertliser 64. Acron: Conference Call Takeaways 65. India ready to buy potash at $450/tonne 66. Sistema to enter chemicals business? 67. Uralkali to close Berezniki 1 plant SECTOR Pharmaceutical 68. St Pete to build nine new pharmaceutical plants in 2012-2013 69. Pharmstandard: 20% of revenue at risk? GOVT REFORMS, REGULATIONS, ECONOMICS, REGIONS 70. CORRUPTION WATCH: New bill requires officials to declare incomes 71. Russia may join WTO without Georgia consent - FM Lavrov 72. Russia needs skills boost to improve investment climate - Medvedev 73. Russia to create scientific center on Svalbard - Chilingarov UKRAINE INVESTMENT 74. American Chamber of Commerce Meeting with Mr. Mykola Prysiazhniuk, Minister of Agricultural Policy and Food of Ukraine 75. Astarta targets 76% growth in 2011 sugar output 76. Cabinet votes to annul corn export quotas 77. Energy sector priority of economic reform action plan for 2011 78. Fresh round of protests to kick off on May 14 79. Khlib Investbud buys 155,000 ton of grain over past ten days 80. Kyiv Economic Court returns over 86 ha of land to capital 81. Leading American Fashion Brand GAP Enters Ukrainian market 82. Luhanskteplovoz nears large state order 83. Naftogaz returns 12.1 bcm of gas to RosUkrEnergo 84. Nalyvaichenko: Ukraine should offer gas alliance to Russia 85. Presidential decree orders household electricity tariff hike in May and approval of gas price increase schedule in November 86. Prosecutor: Kyiv lost tens of millions of hryvnias due to Pylypyshyn 87. Residential housing prices may have bottomed out 88. Steel makers report negative results for 1Q11 89. Stirol plans UAH 600 mln in CapEx in 2011 90. Ukraine urges global efforts to tackle man-made disasters 91. Ukraine's agriculture ministry initiating cancelation of corn export quotas 92. Ukrnafta will pay more for oil & gas production 93. Ukrnafta: Oil price up 16% to $104.3/bbl 94. US court summons Firtash 95. Yanukovych pushes diversification of Ukraine's energy transit once more 96. Yanukovych: Ukraine to make every effort for young people to stay working in 97. YASK to boost coke production by 6.4% Y-o-Y KAZAKH INVESTMENT 98. KazRosGas to develop Imashevskoye field 99. Oil Minister Mynbayev hopes for Karachaganak resolution in 1H2011 100. Tele2 starts operating under its own brand in Aktobe CENTRAL ASIA INVESTMENT 101. New railway to link Central Asia and Persian Gulf 102. Tajikistan to increase gold production 103. Turkmenistan: Belarusian Potash Company to export fertilisers from Turkmenistan 104. Turkmenistan: China lends $4.1bn to Turkmengaz 105. Uzbekistan and China create gas pipeline joint venture BELARUS INVESTMENT 106. Belarus' average wage up 6.8% on month in Mar 2011 to Br1,537,200 107. UFS Investment Company values Belarus government stake in MTS at $700- 800m EURASIA INVESTMENT 108. Armenia postpones construction of new copper smelter 109. Armenia: Microsoft to open innovation centre in Yerevan 110. Azerbaijan increases production of machinery and equipment by 19% 111. Azerbaijans insurance market expected to double during next 2 years 112. Max hires Saipem for deep drilling SOUTHEAST INVESTMENT 113. Turkey plans a Black Sea canal, bigger than Suez canal 114. Bulgaria approves a new law on renewable energy 115. Bulgaria: Neochim posted BGN 17.7 million non-consolidated net profit for the 1Q 2011 116. Bulgaria: Privatization of Bulgartabac Holding attracted attention again 117. Bulgaria's capital, Sofia, has the lowest office space rent prices in Europe 118. Bulgaria's residential property prices fell by 2.3 per cent in the first quarter of 2011 119. Bulgaria's state cigarette producer Bulgartabac Holding will privatize soon 120. Croatia has plans to go alone to speed up building LNG terminal with possible EU backing 121. Croatia will get 150m Euro loan from World Bank 122. Czech interested in investment opportunities in Montenegro, especially in the areas of energy, trade and tourism 123. Golden Touch to expand its current drill program at Rubik gold project in Albania 124. New energy efficiency credit line for Bulgaria 125. Warranty Fund to support SMEs in Albania established CENTRAL EUROPE INVESTMENT 126. Czech govt sets up anti-corruption committee to be headed by John 127. Czech truck maker Tatra faces tunnelling and tax evasion allegations 128. Estonia Plans to Retain Green Energy Subsidies 129. Hungary oil firm MOL to target new projects in upstream and downstream 130. Kubilius PM says Lithuania won't buy energy from Belarus, Kaliningrad plants 131. Mobis to build new brake hallin Slovakia 132. Nexen buys into Marathon's Polish shale gas play 133. Poland PKN Orlen said close to US shale gas swap deal 134. Poland says considering nuclear energy referendum 135. Signs of a thaw in Gazprom-Lithuania gas price relations 136. US car repair network said to enter the Czech market OTHER COUNTRIES 137. Mongolia: EBRD Supports Petrol Distribution Industry In Mongolia 138. Mongolia: Power plant to be built at Mogoin Gol mine 139. Mongolia: Prophecy Submits Formal Request to Mongolian Government to Build Chandgana Power Plant 140. Mongolia: Ulusnet expands 4G network 141. Mongolia: Work Started to Link Tavan Tolgoi with the National Railway Network TOP STORY INVESTMENT 1. Number of Russian SME falls bne April 30, 2011 The number of small- and medium-sized enterprise registered in Russia fell slightly as of the first of January to 219,700 reports the National Institute for System Research of Entrepreneurship Problems (NISIPP).