March 20, 2014, 15:20 / Finance The court initiated bankruptcy proceedings for Guta Insurance Vedomosti The Moscow Arbitration Court initiated proceedings on the application of individual entrepreneur Vyacheslav Letyagin for bankruptcy of Guta Insurance CJSC, according to information on the court’s website. A meeting to verify the validity of the applicant’s claims is scheduled for April 7.

The police have detained a group of people who stole money from investors in the MMM-2011 financial pyramid. This was reported on the official website of the Main Directorate of the Ministry of Internal Affairs of Russia. The group members used the acquired database of defrauded MMM-2011 investors and informed them of the possibility of returning their funds, but on the condition of making a certain amount as a contribution to the MMM-2011 return fund system.

On March 31, the deadline for submitting competitive bids for one of the largest road tenders expires - a 140-kilometer ( 543-684th km) section of the M11 Moscow - St . Petersburg toll highway under construction . The starting cost of construction of the site is 83.1 billion rubles, and according to the terms of the concession agreement, a private investor must invest 25%. Four applicants passed prequalification ( see inset).

Washington does not see any compelling reason for Russia to impose restrictive measures against American officials, US State Department spokeswoman Jennifer Psaki said on Thursday. "What is important to understand is that they [Russia] announced sanctions in response to sanctions from our side [the US], which were imposed due to the illegality of their actions. We have a specific reason for this - the illegality of the steps they [Russia] are taking," she said at a briefing in Washington.

Only international sanctions can affect the Finance Ministry's determination to collect money from offshore companies / Ana Maria Buitron / AP Yesterday, the Ministry of Finance published the first anti-offshore bill on its website - on controlled foreign entities (CFC). The law will oblige companies to pay taxes on the income of foreign subsidiaries, and individuals - on the income of their foreign structures. The Finance Ministry has expanded the bill to a very large category of taxpayers.

D. Abramov Almost all major developers were interested in the project, a person close to the mayor’s office said earlier: Viktor Vekselberg’s KORTROS, Oleg Deripaska’s Glavstroy, the PIK group , FSK Lider , and LSR . The structure of the LSR Group - ZAO LSR. Real Estate-M can acquire 99.9% of the share of the authorized capital of OOO Promobekt, ​​the Federal Antimonopoly Service (FAS) has decided.

March 20, 2014, 09:22 / Business Reverse gas supplies from Slovakia to Ukraine may start before the end of the year Polina Khimshiashvili Reverse gas supplies from Slovakia to Ukraine could begin before the end of the year, European Commissioner for Energy Günther Oettinger said in Brussels after negotiations with Ukrainian Energy Minister Yuriy Prodan. Negotiations with Slovakia have been ongoing for about eight months.

March 20, 2014, 12:37 / Finance The court overturned an unprecedented fine for a former Societe Generale trader According to the judge, Jerome Kerviel cannot be considered fully responsible, since the bank itself was not blameless in this matter; however, the court confirmed Marie Mesropyan’s three-year prison sentence Jérôme Kerviel /Balint Porneczi /Bloomberg The Paris Court of Cassation overturned a record fine of 4.9 billion euros ($6.37 billion) to former Societe Generale trader Jerome

The board of JSC RusHydro has decided to reduce the company's investment program for 2014 by 10%, said Deputy Chairman of the Board of JSC George Rizhinashvili during a conference call with investors on Thursday. "The decision has not yet been approved by the board of directors and the Ministry of Energy, but we believe that they will agree on this approach," he said.

Presidential aide Andrei Fursenko responded with humor to the inclusion of his name on the list of Russian politicians and businessmen subject to American sanctions. Answering Interfax's question about why he might have ended up on the sanctions list, Fursenko replied: "Apparently, for the Unified State Exam. That's true, I won't deny it." "I have no other sins," said Fursenko, who formerly headed the Russian Ministry of Education and Science.

A. Makhonin / Vedomosti Coaches are sometimes asked to help beat the "opponent" in corporate games, turn a conflict to their advantage, win the fight for a budget for which different departments compete, says Ekaterina Lopukhina, managing partner of the company "Plan B", which specializes in career coaching. And this is logical, because a career is almost always a clash of opposing interests.

Former head coach of St. Petersburg's Zenit Luciano Spalletti is the leading candidate for the post of coach of the Spanish football club Atletico Madrid. This was reported by the Portuguese sports publication Record. The current head coach of Atletico Madrid Diego Simeone, under whose leadership the team won the Europa League, and this season reached the quarter-finals of the Champions League and continues to fight for victory in the national championship, may leave the club in the summer.

M. Stulov / Vedomosti In December 2013, January and February 2014, the mobile Internet provider Yota, which operates as a virtual operator on the Scartela network (both companies have been owned by MegaFon since October 2013), achieved profit in terms of OIBDA, according to materials obtained by Vedomosti. A representative of Yota confirmed this without providing details. According to him, Yota showed positive OIBDA due to cost optimization while increasing revenue and subscriber base.

Rosneftegaz may receive a treasury stake in RusHydro and take part in the additional issue of this company, Deputy Chairman of the Board of the hydrogenerating company George Rizhinashvili said during a telephone conference with investors. According to him, the additional issue of RusHydro may begin in the very near future, the price will be higher than the face value and higher than the market value of the shares.

March 20, 2014, 10:06 am / Business Australia: Wreckage of missing Boeing may have been found Natalya Raibman The wreckage of the missing Malaysia Airlines Boeing 777 may have been found in the southern Indian Ocean, where Australia is searching. According to CNN, Prime Minister Tony Abbott said this in parliament in Canberra. According to him, the Australian maritime safety service has studied satellite images of various objects in the search area.