In March, the Moscow Arbitration Court placed Yukos under observation and appointed Eduard Rebgun as temporary manager. The court is currently considering applications from those wishing to be included in the register of Yukos creditors. But despite this, Yukos intends to be as generous to its board members as it was in more prosperous times for the company.

Currency dealers have been buying dollars for the second week both for themselves and for the Central Bank / M. Stulov Yesterday, the Bank of Russia reported that in the week from June 2 to June 9, gold and foreign exchange reserves (GFR) grew by $900 million, a modest sum by today's standards. Moreover, due to the revaluation of the part of the reserves that is stored in euros alone, they should have increased by approximately $500 million.

On Wednesday, the Samara Region Arbitration Court upheld the claim of Igor Duvanov, who represents the interests of Samara Flour Mill No. 2, and declared illegal the meeting of the plant's creditors, who decided to create their own management organization instead of the bankruptcy trustee appointed by the court.

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The construction of the pig complex will begin in August 2006 and will take a little over a year, Sergei Yurin, CEO of Vipoil-Agro, told Vedomosti. After reaching its design capacity, the complex will produce 12,000 tons of live meat per year. The construction of the pig complex will cost the company 800 million rubles: 10% will be its own funds, the rest will be bank loans. The investment is planned to be recouped in 5-6 years.

France's Court of Cassation upheld the lower courts' decision to find Soros guilty of insider trading in Societe Generale shares in 1988. In December 2002, the Paris Criminal Court convicted him and ordered him to pay a fine of €2.2 million. In March 2005, the Court of Appeal upheld the decision and the fine.

On one of the balconies, away from the public and in silent solitude, Vladimir Spivakov listened to the program. That evening, the footlights illuminated not him, but the young people hiding their excitement as they took to the podium of the National Philharmonic Orchestra of Russia, which he led. All of them were interns of the orchestra, and the best ones at that: the orchestral board had meticulously selected seven out of seventeen.

As Tinkoff Marketing Director Oksana Grigorova reported, the restaurant-brewery will open in Rostov on June 30. The company rented a 1,500 sq. m. space for the restaurant in a retail and office building on Budyonnovsky Ave., 80. According to Evgeny Sosnitsky, CEO of the real estate management company Titul, the average rental rate on Budyonnovsky Ave. is $50–70 per sq. m. per month.

At the open auction held on June 14 to sell the rights to lease advertising space for outdoor advertising in Nizhny Novgorod, the Gallery Service company, controlled by the Moscow Gallery Group, acquired a lot that included nine 2 x 3 m billboard installations. The director of the Municipal Institution “ Advertising service of Nizhny Novgorod” Alena Gartman.

Human rights in Russia are best ensured not in Moscow, not in St. Petersburg or any other large center, but in the distant Chukotka Autonomous Okrug. Most often, the authorities infringe on the rights of citizens in the Yamalo-Nenets Okrug, Kabardino-Balkaria and Kalmykia. These are the conclusions of the annual report of the Russian Human Rights Commissioner Vladimir Lukin.

The story with the furniture stores “Tri Kita” and “Grand”, for which five people were arrested recently, has been going on for six years now, and so much has been written about it in the newspapers and said on TV that between these “Alliance-95”, “Lamax” and “SEF-Trans”, it seems the essence has been completely lost. Meanwhile, the story is not that complicated. One day, customs officials found Zuev, a trader in imported furniture, and asked him to pay duties.

Bribe takers should be skinned, Kolesnikov said at the St. Petersburg Economic Forum. The rampant corruption is one of the “painful results of the social chaos and destruction of the early 1990s,” but “there is a chance to defeat corruption in Russia,” Reuters reports him as saying. To win, firstly, political will is needed – Kolesnikov concludes from the president’s latest address to the Federal Assembly that it exists.

N. Borisov In preparation for the placement, officials and representatives of Rosneft voiced many ideas, including selling a large stake to a strategic investor. But Bogdanchikov suggests that the “strategists” join the general queue. “If any of the majors or large companies in Southeast Asia [Indian ONGC and Chinese CNPC and Sinopec have expressed interest] want to buy, let them buy during the IPO,” he says. “They still have that option.

At the center of the conflict is a bottling plant located near Tashkent. This joint venture was created in 1992 with the participation of Coca-Cola and ROZ Limited, owned by an American of Afghan origin, Mansur Maksudi. The enterprise enjoyed the support of the Uzbek leadership, since Maksudi was married to Gulnara Karimova, the daughter of the Uzbek president.

Analysts are right, of course – the correction of the past week swept across the world and the market was indeed overvalued. And yet, in Russia – a special account. While the RTS index was rapidly growing, small private investors finally showed interest in the stock exchange. And for the mass investor, the fall in shares is a serious blow, including a psychological one. Professional investors read reports and communicate with company management, and treat television programs as entertainment.