| The Pension Fund wants to invest savings in a mortgage
The Pension Fund of Russia (PFR) expects that in the medium term the profitability of the funded part of pensions, which will be managed by Vnesheconombank, will amount to 11-13% per annum. The head of the PFR, Mikhail Zurabov, announced this at a round table meeting on the problem of investing pension funds in the Russian economy. According to him, over the past year and a half, the increase in the value of pension savings assets has exceeded 32%. Moreover, in 2002, excluding investment income, the volume of invested pension savings amounted to 37.4 billion rubles, in 2003 it was estimated at 50.5 billion, and by the end of 2004 - at 162 billion rubles. According to Mr. Zurabov, it is necessary to expand the number of financial instruments for investing pension savings. The head of the Pension Fund expressed regret that the mortgage securities market has not yet started working, since the fund planned to invest up to 2 billion rubles in it this year. “If the mortgage market opens, it will become the most promising area (for investing pension funds. - Ed. ),” noted the head of the Pension Fund. "TIME FOR NEWS"
Globalization of trade
The Rusbrand Association, which unites manufacturers of branded brands, and the Uniscan Automatic Identification Association (EAN) announced that they intend to actively promote the ECR (Efficient Consumer Response) system in Russia. Its name literally translates to “effective response to consumer needs.” ECR, according to Daniela Ricciardi, chairman of the Rusbrand trade committee, allows for a significant reduction in costs, an increase in profits and a reduction in the final price of products. This is achieved through the introduction of electronic data exchange, as a result of which the product from the manufacturer reaches the consumer much faster. Georgy Petrov, vice-president of the Russian Chamber of Commerce and Industry, is confident that the transition to such “global trade” will help save a lot of money. According to him, over ten years of operation of this system in the United States, a total of $10 billion has been saved. This system is also used in almost all European countries. Officially, ECR-Russia will be registered early next year. Almost all leading retail chains and 13 manufacturers have already joined the ECR-Russia movement. "TIME FOR NEWS"
|
