Second release

** Themes of the day **

The central newspapers in the last issue in the first lanes summarize the political and economic results of the year , note the most significant events, place forecasts for 2007.

From other topics, the press drew attention to yesterday's meeting of the government , also the last this year. The media note that yesterday President V. Putin came to the White House - and such visits are extremely rare and always cause excitement in the minds, since the ghost of the resignation wanders regularly. But it turned out that yesterday the president only wanted to thank ministers for good work in 2006. Indeed, according to him, the results of this year were much better than the previous one. Accordingly, they notice the media, Prime Minister M. Fradkov from all these words looked satisfied and satisfied. At the same time, the assembled mood was somewhat spoiled by the Minister of Finance A. Kudrin, who said that inflation in Russia in December 2006 will be higher than expected. The head of the Ministry of Finance said that at yesterday it has already amounted to planned 9%. A. Kudrin called what was happening "Syndrome of December." Apparently, inflation in the year will still exceed the 9 percent level by 0.1-0.2%:

** Regional news **

In the Murmansk region, the Fosagro group is one step from controling the regional branches of both parties of the authorities - “Fair Russia” and “United Russia” (Kommersant)

As Kommersant notes, in the Murmansk region there is a unique situation for Russia in relations between parties and large businesses. The fact is that today the leader of the local branch of Fair Russia can be elected PR-director of Apatit OJSC A. Makarevich. In addition, it was the representatives of Apatit OJSC, which is part of the Fosagro group of companies, at one time formed the basis of the Murmansk United Russia, and the secretary of its political council for several years is the former top manager of Apatite V. Gorin. Thus, one financial and industrial group will actually control the regional branches of both parties in power.

True, Kommersant continues, recently, representatives of another large financial and industrial group-the Kola Mining and Metallurgical Company (RAO Norilsk Nickel) have been trying to intercept control over the Murmansk United Russia. The newspaper recalls that its efforts initiated a trial on violation of the rights of ordinary united Russia, who joined the party in the spring, but were deprived of the opportunity to participate in the nomination of candidates to the Murmansk Regional Duma in the upcoming March elections. But after the intervention of central party breeding, this conflict seemed to be settled: six out of seven party members have already been withdrawn their claims.

Be that as it may, concludes "Kommersant", the Murmansk experience may well be transferred to other regions over time. After all, if the federal structures of United Russia and Just Russia, which, from the words of their leaders, should become the main competitors in future regional and federal elections, are controlled from one center - the Kremlin, then a similar scheme will look quite logical in the field.

Director of the Zabor -2014 Baby Committee D. Cherneshenko believes that the creation of the Olympic infrastructure will allow the region to make a leap in development - 20 years ahead ("Komsomolskaya Pravda")

Director of the Black Sea Committee of Sochi-2014, answering the questions of readers of Komsomolskaya Pravda about the program of the 2014 Olympiad itself, the construction of the airport, the "Self-Assembly Program" Sochi 2014 ", and the creation of the Olympic infrastructure, in particular, said that" the Olympics will certainly serve as a magnificent catalyst for development for the Black Sea coast. It is believed that preparation for any Olympiad gives the same effect as 20 years of continuous economic development. "

** Media News **

The "independent" newspaper classifies the acquisition of the Prof-Media holding of independent frequencies in Moscow as the most important events of the television year

The "independent" newspaper in the special thematic application "NG Anthract", summing up the results of the outgoing year for Russian television, cites ten of the most important, in the opinion of the publication, events of the television year. Among them is the acquisition of the Independent Frequencies in Moscow in Moscow. As explains NG, we are talking about the 2x2 television channel, on which it is planned to launch a round -the -clock animation channel for adults from next year. Also, the TV-3 and Rambler-TV TV channels were bought in October, after which we can talk about the comparability of Prof-Media with the largest Russian media holding-Gazprom-Media, the newspaper writes.

** Sports News **

As noted by the general manager of FC "Moscow" Yu. Belous, the founder of the club is the Norilsk Nickel company, the five representatives of which are part of the FC board (interview "Evening Moscow")

"Evening Moscow" published an extensive interview with the general manager of the Moscow Football Club, Yu. Belous, who told how things are in the club, about further plans. In particular, answering the question of who is the owners of the Moscow club, Yu. Belous said that its founder is Norilsk Nickel, while five people enter the board of directors. “But these are not public figures,” said the general manager. “With the exception of Prokhorov, the chairman of the board of directors. Although Mikhail Dmitrievich always repeats that he does not seek to be in sight.” Yu. Belous also asked the question of whether the club’s budget is formed by Nickel? As Y. Belous noted - "Nickel, gold, platinum and palladium!" At the same time, according to him, “Moscow” is very difficult to compete with clubs, especially with Spartak and Zenit, who spend sometimes inadequate amounts on the purchase of players. “Understand the right thing, with money is not a solution: the sad experience of one of the Moscow clubs is before your eyes,” the general manager emphasized. “Without having the necessary infrastructure, material, technical and managerial base, they went on the very easy, but at the root of the wrong way. They bought the players, and then just collapsed: we slowly moved forward, and now we can afford to ourselves. Buy football players such as Barryentos. "

** Economic news **

"Vedomosti" summarize the results of the year and recall the most significant events in politics, economics and business

In the final issue of this year, Vedomosti publishes articles in which, summing up the results of the year, recall the most significant events in politics, economics and business.

According to Vedomosti, Russian metallurgists finally became participants in global transactions in the world market. Recalling major transactions of domestic companies, the newspaper, in particular, emphasizes that “the largest transaction of Russian metallurgists abroad is still the purchase of Norilsk Nickel of 20% of Gold Fields shares for $ 1.16 billion in 2004, and in ferrous metallurgy - the purchase of Lucchini for $ 700 million. However, this one after the New Year's holidays this The record can beat Evraz, which in November announced an offer to buy a 100% shares of the American Oregon Steel for $ 2.3 billion. "

Meanwhile, experts of the newspaper believe that now it is time to think about the mergers at home. After all, it was united, domestic companies could claim to be the conclusion of major transactions that can bring them to the number of world leaders of the industry. Russian metallurgists will continue to strive for purchases and mergers with foreign companies, but it will be easier for them to participate in global transactions, if they themselves are united, says aton analyst D. Kolomytsin.

Vedomosti notes that in 2006 the government decided to privatize energy and agreed to transfer the generating companies created during the reform to the private hands. And the first sale [sold 14.4% of OGK-5 shares for $ 459 million, almost along the upper border of the price corridor] brought "more than all budgetary investments in energy over the past 10 years," the head of the RAO of the EEC A. Chubais rejoices. The experience turned out to be successful: investors literally lined up behind the company's papers in line, demand exceeded the supply by almost nine times.

In addition, it resembles the publication, RAO sold the Norilsk Nickel Taimirenergo, and the first sales company of the Energy Holding - Yaroslavskaya left the hammer.

In the next two years, they write Vedomosti, A. Chubais planned to help out about $ 12 billion from the sale of new shares of OGK and TGK, selling 25% of the shares of OGK-5 to a strategic investor for at least $ 1 billion. Whether these plans will come true, according to experts, depends on the weather again.

Until recently, they write Vedomosti, the state was absorbed in an increase in the presence in the oil and gas sector, but, having strengthened the positions in TEK, it drew attention to the industry less significant from the point of view of the export potential. In particular demand, the newspaper notes, this year was used by machine -building assets, and in particular, in the sector of energy engineering. “An unexpected interest in this traditionally closed industry is explained by the large -scale plans of RAO UES and Rosatom for the introduction of new energy capacities, and hence the calculation for the growth of orders for machine -builders,” the top manager of one of the specialized companies said. So, sales of "power vehicles", which should turn into the "preferred supplier" of the RAO UES by 2010, will increase from the current $ 600 million to $ 1.5 billion.

The past year has passed in an equal confrontation between Russian and foreign companies, Vedomosti write. The volume of their transactions outside Russia and inside the country turned out to be approximately the same, but at the same time, domestic companies first swung into global leadership in their industries. Meanwhile, their opponents are not provided with such an opportunity from abroad - the flagships of Russian business are not sold to aliens. That is, the state for political reasons limits the expansion of foreign companies into industry, actually recognizing it with the sphere of strategic interests of Russia. Therefore, the newspaper explains, foreigners are forced to look for other shopping facilities. Especially active in the outgoing year was their expansion in the auto industry, finance and developing. At the same time, the newspaper notes that foreign banks made a real hunt for Russian. "The year began with the acquisition of the Raiffeisen Bank of the Impacbank for $ 550 million, and in the summer the Societee Generale laid out $ 620 million. For 20%, minus 1 Rosbank campaign and received an option to bring his package to a control over $ 3 billion," the publication recalls.

Vedomosti notes that 2006 became almost as successful for the Russian stock market as the record 2005, when the index grew by 85%. The index almost monthly updated psychological maximums and, starting at the beginning of the year from 1125 points, grew by 70% and closed yesterday at the level of 1910. And the total capitalization of Russian public companies exceeded $ 1 trillion. The daily volumes of trading shares at the MICEX by the end of the year began to exceed $ 2 billion, and $ 100 million in the classic RTS market.

According to experts, Sberbank and RAO UES have been the locomotives of growth in recent weeks and were generally "stars of the year." Sberbank for a year has risen in price by 142%, RAO UES - by 143%. According to experts, the main factor in Sberbank quotations yesterday was an increase on the eve of the forecast price by UBS analysts by 25% to $ 4000. Experts also note that this year all banks overtook the market - since the summer of the quotation of Rosbank, the Renaissance Bank, Promstroybank has grown by 50-60%.

Vedomosti draws attention to the fact that environmental legislation, as well as subsoil use legislation in Russia is ambiguous, so officials and companies often interpret them in different ways. In the past year, Gazprom was able to take advantage of this, which gained control over Sakhalin-2. In addition, as the publication notes, I would like to receive Gazprom and the Kovyktinsky deposit, a license for which the “daughter” of TNK-BP Rusia-Petroleum can soon lose. Under a licensed agreement, the company must ensure the production of 9 billion cubic meters in January. m of gas for the needs of the Irkutsk region. But the license was issued in 1992, and now the region does not need so much gas. A year ago, the company sent to the MPR calculations for the adjustment of the license. The verdict of the Ministry of Natural Resources promises to endure in January, reminds the newspaper.

In the past year, they resemble Vedomosti, two new players appeared on the media market - A. Usmanov and O. Deripaska. Usmanov bought a Kommersant, 50% 7V and a number of assets of the "secret of the company", and Deripaska - 30% of the "expert" and the ID "Ova -Press". He strengthened his positions and the "Prof-Media" holding, owned by V. Potanin "Interros. So, in a year he bought a post-post ($ 20 million), 54% of the Rambler search engine for $ 230 million and three television channels: "2 x 2" ($ 30 million), "TV-3" ($ 550 million) and Rambler TV ($ 23 million). True, with the control package of Komsomolskaya Pravda, analysts, which analysts estimate at $ 300-400 million, he will have to part-it is bought by Gazprom-Media holding.

In addition, this year portfolio investors believed in the success of the Russian media business. For example, during the IPO “STS Media” and its shareholders attracted $ 345.9 million. As a result, in the summer, the capitalization of the “STS Media” amounted to $ 2.1 billion, and now it has grown up to $ 3.6 billion. Also in December the TNT-Telezet television company and the professional media holding attracted $ 60 million and $ 300 million, respectively, placing credit notes. And on December 19, the investment company Keat Finance announced the creation of the PIF Keith - Russian Mass Media. The planned volume of the fund is 600 million rubles.

Vedomosti pay attention to the fact that in the field of Internet projects the past year was rich in events. In Runet alone, more than 500 purchases of Internet resources were made totaling $ 1.5 billion. A Google did not spare an even larger amount - $ 1.65 billion. - for the YouTube video service.

There are a lot of oil money in the country, analysts believe, and the lack of growth in other industries makes investors buy companies in the market far from saturation. An example of this is the purchase by the structures of the metallurgical oligarch, Vladimir Potanin, the share in the largest Internet holding Rambler, which experts estimated at $ 260 million. Another intriguing transaction of the outgoing year is the transfer of rights to the service of the Cyrillic part of the Living Journal (Livejournal.ru) to businessman A. Mamut. In total, according to the "finam", this year the owner was replaced by more than 500 Runet resources with a total value of $ 1.5 billion.

"RBC Daily" sums up the results of the year in a number of sectors of the Russian economy

"RBC Daily" sums up the results of 2006 in a number of sectors of the Russian economy. In particular, in the field of industry, among the main events of the outgoing year, the publication notes the receipt by the German company Siemens 25% plus 1 Promotion of the Energy Machine Participation Power Machines. “Actually, the Germans agreed on the purchase of Salmash shares back in mid -2004, and then Interros was ready to give them a control package,” the newspaper writes. “But the mutual consent of the seller and the buyer does not always mean the deal, which was proved by the Russian government. The officials first doubted the trustworthiness of the German buyer, and then completely blocked the sale of“ power machines ” Siemens.

According to RBC Daily in 2006, the energy mass -building and nuclear industries attracted attention. According to the analyst of the Bank of Moscow M. Lyamin, the shares of the energy mass -building sector grew 80% faster than the market. The January frosts enhanced the effect of the energy of the summer of the last year, and the deficiency of electricity and the deterioration of the networks became so obvious that they forced RAO UES to take an unprecedented step - to declare possible disconnection of industrial enterprises. In order to eliminate gaps in the energy system, according to monopoly estimates, in the country until 2020, it will be necessary to build at least 22 GW of energy can. Experts believe that the necessary funds for this in the created TGK and OGK are found. At the same time, RAO itself, as the main shareholder of the "power machines", has already released the grandiose investment program of the company. In order to turn it into a preferred supplier of energy monopoly until 2010, about $ 1 billion will be invested in the concern, and the revenue of “power machines” by this time should increase 2.5 times, the newspaper notes.

As for the "Atomic Front", the publication draws attention to the fact that the unique engineer here was the company "Atomenergomash" (AEM), to which private capital immediately reached out. "Yesterday, the first sponge of AEM and Emalliance was finally formed, in line of OMZ," power machines ", and possibly the Western companies - Alstom, Siemens and others, - writes" RBC Daily. " - True, can occur inside the Federal Air Transport Agency. For example, the same" Technnabexport "creating the Center for the Production Uranus, considers this segment strategic and, apparently, will not pass it anywhere. "

In addition, according to the newspaper, the outgoing year will be remembered for a long time to participants in the non -ferrous metals market. The dynamics of prices for the main non -ferrous metals - nickel, copper, zinc - led to confusion even the types of market participants. So, from the beginning of the year, Nickel has risen from less than $ 15 thousand per ton to almost $ 35 thousand. At the same time, there are enough forecasts for 2007. However, most analysts predict that in the coming year the prices awaits correction, since now metals are overestimated due to a large influx for commodity markets of speculative money. Впрочем, стоит учитывать и непредвиденные факторы, такие как забастовки, аварии и прочие форс-мажорные обстоятельства, которые могут привести к кратковременным скачкам цен на основные металлы. Тем не менее большинство факторов говорят о том, что в будущем году "быки" уступят "медведям". Основной причиной коррекции цен рынков металла в сторону понижения, по мнению аналитиков агентства Moody's, станет ослабление спроса со стороны США, что в определенной степени будет компенсироваться высоким спросом из Китая, а также недостаточным количеством новых мощностей - в основном при производстве меди, цинка и никеля. Цены на металлы будут держаться на высоких уровнях также за счет продолжающихся противоречий между сотрудниками предприятий и руководством компаний. Впрочем, ситуация на отдельных рынках останется стабильной. Мировой спрос на медь сейчас на высоком уровне, поэтому даже при значительных объемах поставок биржевые запасы металла останутся на низком уровне по сравнению со средним историческим показателем, подчеркивает издание.

"Сделкой года" в области индустрии "РБК daily" называет создание компании "Российский алюминий", которая объединит активы не только "Русала" и "СУАЛа", но и швейцарской Glencore. Между тем, замечает издание, если во всем мире слияние ведущих игроков отрасли давно уже стало делом привычным, то в российской практике мегаслияния, как правило, заканчивались пока лишь мегаскандалами. "В последний момент между владельцами объединяемых компаний пробегала черная кошка (или кто-то еще), поэтому рынок так и не дождался рождения таких монстров, как "ЮКОС-Сибнефть", "ОМЗ-Силовые машины" или "Газпром-Роснефть", - напоминает газета. - Причем если в последнем случае "Газпром" и "Роснефть" успели расстаться, даже не приступив к слиянию, то тем же ОМЗ недолгий роман с "Силовыми машинами" обошелся очень дорого: готовясь к слиянию, компания успела сбыть несколько активов, которые не вписывались в формат объединенной компании. Слияние ЮКОСа и "Сибнефти" закончилось еще более печально".

Между тем, продолжает "РБК daily", уходящий год для рынка коллективных инвестиций стал наиболее успешным за всю его историю. На фоне общей благоприятной ситуации на фондовом рынке количество пайщиков паевых инвестиционных фондов с начала года увеличилось в два раза, приток средств во все типы фондов продолжает расти существенными темпами, а наиболее востребованными в 2006 г. оказались фонды акций - спрос на паи этих ПИФов был значительно больше, чем, например, на паи фондов облигаций. В уходящем году среди всех ПИФов со стоимостью чистых активов (СЧА) не менее 500 млн. руб. самым доходным фондом стал "КИТ - Российская электроэнергетика" под управлением "КИТ Финанс", прирост стоимости пая которого с начала года составил 80,57%. За ним следует фонд смешанных инвестиций "Максвелл Капитал" с доходностью 66,28% с начала года. На 3-м месте по доходности (62,39% с начала года) находится паевой фонд "Гранат", находящийся под управлением УК Росбанка. "Есть несколько отраслей, за счет которых мы увеличили доходы", - пояснили аналитики фонда. В частности, одними из наиболее доходных секторов рынка на текущий момент, по мнению экспертов компании, являются металлургия и энергетика.

По мнению А.Бугрова, по мере того, как растет экономика, и в Россию приходят значительные инвестиции, необходимо сделать так, чтобы инвестиционный климат не был ухудшен и не преграждался бы путь крупным сделкам (The Times)

"Российское влиятельное бизнес лобби атаковало проект закона, который, по их мнению, дает бюрократам слишком много дискреционной власти для блокирования крупных сделок по слияниям и приобретениям с иностранными инвесторами", - пишет британская The Times. Газета процитировала А.Бугрова, "возглавляющего комиссию РСПП, которая дает консультации по проекту закона: "По мере того, как растет экономика, и в страну приходят значительные инвестиции, мы должны сделать так, чтобы этот закон не ухудшил инвестиционный климат и не преграждал путь крупным сделкам". При этом А.Бугров, управляющий директор "Интерроса" - холдинговой группы, принадлежащей "олигарху" В.Потанину - добавил: "Закон должен быть ясным и понятным, без туманных юридических определений, которые могут способствовать появлению дискреционных бюрократических решений". "Интеррос", - продолжает газета, - как и другие холдинговые группы в течение уходящего года продавал доли в своих компаниях иностранным инвесторам. Недавно группа продала долю в своем банке РОСБАНК французскому Societe Generale".

При подготовке этого выпуска "Монитора" были использованы материалы следующих изданий: "Ведомости", "Коммерсантъ", "Независимая", "РБК daily", "Комсомольская правда", "Вечерняя Москва", "The Times".

Read about the further development of events in the next issue of the monitor at 16 o’clock.