The EBRD will provide a 10-year loan of $75 million to TGK-13 for the construction of a new block of TPP-3 in Krasnoyarsk, the bank reported. SUEK , which controls TGK-13, has provided the EBRD with a guarantee for the borrower's obligations. The EBRD Board of Directors approved the loan at the end of July. The terms of the loan were not disclosed in the statement, nor did the bank's representative. It was not possible to contact a SUEK representative.

10 August 2009, 13:40 / Finance Currency trading takes place without the intervention of the Central Bank Daniil Zhelobanov D. Grishkin Following the results of the morning session of the UTS, the official dollar exchange rate on August 11 increased by 10.3 kopecks. to 31.65 rubles, euro – decreased by 34 kopecks. up to 44.95 rub. The cost of the bi-currency basket was 37.64 rubles.

August 10, 2009, 15:29 / Business The merger of MDM and Ursa Bank is completed The new bank will retain the MDM name, but will rebrand. The cost of changing signs in branches alone can amount to 100 million rubles. Anna Baraulina Elena Khutornykh D. Grishkin Shareholders of MDM Bank and Ursa Bank announced the completion of the bank merger procedure. The merged bank will be called MDM Bank. It will rebrand by the end of the year. The bank's logo will be updated, said bank co-owner Igor Kim.

The Russian government has allocated an additional 70 billion rubles to 29 regions, Russian Prime Minister Vladimir Putin announced on Monday at a meeting of the Commission on Regional Development. "On Saturday, I signed a government resolution on the allocation of additional subsidies in the amount of 70 billion rubles to 29 subjects of the Federation," the prime minister said.

Goldman Sachs analysts have improved their forecast for China's GDP growth in 2009 to 9.4% from 8.3%, Bloomberg reports. In 2010, Goldman expects the Chinese economy to grow by 11.9%. China's GDP grew 7.9 percent in the second quarter compared with the same period last year, thanks to the government's 4 trillion yuan ($585 billion) stimulus package and record lending. The Chinese government forecasts an 8 percent increase in GDP in 2009.

As long as the price of oil remains high, there is no point in talking about the devaluation of the ruble, said Deputy Prime Minister and Finance Minister Alexei Kudrin. In his opinion, the price of oil will remain high until the end of the year.

As of the end of last week, 11,626 of 15,407 trading places have been vacated at the Cherkizovsky Market. As reported by the Regnum agency, this was reported by the prefect of the Eastern District Nikolai Evtikhiev at the next meeting of the operational headquarters of the Cherkizovsky Market. 75% of the total volume of goods stored at the market have been removed.

Aksakov called for weakening the ruble by 30-40% in his video blog on Thursday. "Products will become competitive <...> factories will start working, jobs will appear, [from this] banks will benefit – debts from enterprises will start coming in. And the debts of enterprises will depreciate, because devaluation is accompanied by inflation" – this, according to Aksakov, is the benefit of devaluation.

Alexander Chuvaev, who has held the position of director of investment development at SUEK since spring 2008, has been appointed CEO of Fortum (former TGK-10) as of October 1. This was reported by the Finnish corporation Fortum, the main shareholder of Fortum (93.4% of shares). At the same time, Chuvaev will become executive vice president and member of the board of directors of Fortum and will head all of the corporation's activities in Russia.

Pipe Metallurgical Company (TMK) has reached an agreement with Gazprombank to extend the term of a $1.1 billion loan from 2.5 to five years, a company representative said. The grace period for this loan has been increased from one year to 2.5 years. And TMK Deputy CEO Vladimir Shmatovich told Reuters that Gazprombank has also lowered the interest rate on this loan. TMK is not disclosing it. Pipe Metallurgical Company Owner: Dmitry Pumpyansky (74.83% of shares).

"Transneft" Oil pipeline monopoly. The main shareholder is the state (100% of votes). Financial indicators (Q1 2009): revenue – 85.2 billion rubles (+33% compared to Q1 2008), EBITDA – 56.2 billion rubles (growth 1.5 times), net profit – 18.6 billion rubles (minus 17.3%). Transneft earned 1.65 billion rubles from selling surplus oil in January-March of this year, according to the company's IFRS report.

China accuses mining giant Rio Tinto of economic espionage that cost it 700 billion yuan ($102 billion) in inflated iron ore prices. The Rio Tinto case is likely to force Chinese authorities to rethink their approach to protecting state secrets to ensure the country's economic security, the FT reports, citing an editorial in the journal of the National Administration for the Protection of State Secrets (NAPSS).

"The new rule will help us combat fraud and manipulation that inflates prices," said FTC Chairman John Leibowitz. The commission will impose penalties of up to $1 million per day for making false public statements about prices and quantities, as well as publishing false information. The changes will take effect on November 4.

Deputy Prime Minister and Finance Minister of the Russian Federation Alexei Kudrin believes that it will take 4-5 years to restore the Russian economy in real terms. "I think that the recovery of the economy from the decline that will occur this year - approximately 8.5%, and in 2010 a 1% growth is already planned, reaching the previous volume of GDP in real terms could take 4-5 years," he said on Monday in Kislovodsk. According to A.

Four Moldovan parties that were previously in opposition announced on Saturday that they were forming a coalition. The unification of the Liberal, Liberal Democratic, Our Moldova and Democratic parties, which won 53 seats in the 101-seat parliament in the July 29 elections, is called the Alliance for European Integration.