The oldest management company , Pioglobal Asset Management , had its license revoked, Kommersant writes today . The reason was a violation of the law and failure to comply with the regulator’s instructions, which followed a series of lawsuits surrounding the company initiated by pension funds. Before canceling the license, the company was sent five orders demanding that it eliminate violations of the law.

September 18, 2009, 11:04 / Finance The dollar has no strength to grow A slight increase in the dollar at the beginning of trading on the MICEX - up to 30.4 rubles. replaced by a downward movement. The Central Bank may have to enter the market and begin to contain the strengthening of the ruble, analysts say. Vedomosti A. Makhonin A slight increase in the dollar at the beginning of trading on the MICEX - up to 30.4 rubles. gave way to a downward movement to yesterday's closing levels.

In the article “The Battle for Progress” (No. 175 of 17.09.2009, p. A6), it should read: “Progress Insurance Company, along with Progress-Garant and Progress-Med Insurance Companies, are part of the Progress Insurance Group, created in 1989, which became part of the Allianz Group in 2007. The editors apologize.

US President Barack Obama notified Czech Prime Minister Jan Fischer by telephone yesterday of his refusal to deploy elements of the national missile defense system in Eastern Europe – 10 missile defense systems in Poland and a radar in the Czech Republic – and then announced it in Washington. The agreement on the deployment of the radar was signed with the Czech Republic a year ago, but has not yet been ratified.

The directive to leave the PACE meeting room in the event of a decision to deprive Russia of its voting rights in the organization was adopted yesterday by the State Duma, Chairman Boris Gryzlov told journalists. In this way, Moscow responded to Georgia's initiative, which proposed depriving the Russian delegation of its powers on the basis of Russia's failure to implement any of the points of two previous PACE resolutions on the events in South Ossetia.

D.Grishkin According to the Federal Property Management Agency, the Linevskiy House-Building Plant (LDSK) owes 8.3 million rubles, the Chikskiy breeding farm owes 7.72 million rubles, the Medvedskiy breeding farm owes 731,329 rubles, and Novosibirskagroplem owes 527,509 rubles. The claims against them were filed on August 18, the cases of Medvedskiy and Novosibirskagroplem will be heard on September 28 and October 12, respectively, and the other two dates have not yet been set.

A draft amendment to the law "On Lotteries" has been submitted to the State Duma, which would legally prohibit the conversion of slot machines into machines for holding lotteries. Currently, the law defines lottery equipment as specially manufactured for holding a lottery or "equipped with lottery programs." The authors of the amendments, deputies Gennady Gudkov and Alla Kuzmina from the "A Just Russia" faction, propose excluding the latter wording from the law.

The Saint Petersburg Prosecutor's Office checked the legality of the execution of decisions of executive authorities on the management and disposal of state property and identified more than 500 legal acts regulating legal relations in the management and disposal of land plots on the territory of Saint Petersburg that do not comply with federal legislation.

On Monday, President Dmitry Medvedev will begin a two-day state visit to Switzerland. He will be accompanied by a delegation of Russian entrepreneurs, led by RSPP President Alexander Shokhin. On September 21, the president will hold talks with Swiss President Hans-Rudolf Merz, and later they will meet with businessmen from both countries.

The St. Petersburg Land Use and Development Commission has given permission to exceed the height regulations four times during the construction of the Okhta Center and build a 400-meter skyscraper with Gazprom Neft offices not far from the historical center of the city, commission member and city Legislative Assembly deputy Sergei Malkov told journalists. "Three members of the commission voted against, 11 voted for.

UBS UBS raised its target price for Rosneft shares from $5.2 to $10.76, changing its recommendation from “hold” to “buy”. This is due to expectations of production growth and an increase in free cash flows for oil companies - they will be provided with tax breaks when developing new large fields. “This fact has not yet been factored into current valuations of the company,” UBS analysts write.

The assertion that laws in Russia do not work is still unfair. Sometimes they work – even against the will of the country's top officials. Amendments to the law on the use of cash registers came into force on July 21. They were supposed to exempt entrepreneurs who pay a single tax on imputed income from the mandatory use of cash registers. The initiator of the amendments was Prime Minister Vladimir Putin. President Dmitry Medvedev also supported the idea.

Yukio Hatoyama, Japan's Prime Minister-elect on Wednesday, promises swift and significant progress in relations with Russia. Hatoyama has repeatedly stressed the importance of trusting relations with Russia and his desire to continue the work of his grandfather Ichiro Hatoyama, who, as Prime Minister of Japan, signed the 1956 Joint Declaration between the USSR and Japan and under whom diplomatic relations were established between the two countries.

The NLMK Board of Directors has decided to place seven issues of 3-year bonds for 50 billion rubles, the company reported. These are four issues of exchange bonds in the amount of 5 million pieces each, as well as three more issues in the amount of 10 million pieces each, the par value of the bond is 1,000 rubles. The exchange bonds have six coupons. The coupon period is 182 days.

Yesterday, the Russian stock market, as expected, opened with growth, but the trend of the day was profit-taking. Following the trading results, the MICEX index fell by 1% to 1205.12 points, the RTS index – by 1.2% to 1231.41 points. Among the “blue chips”, only Norilsk Nickel shares rose significantly in price (+4.4% on the MICEX). This was facilitated by the growth of nickel quotations on the world market, notes Troika Dialog Vice President Igor Prokhaev.