Yuri Smityu / TASS "We have encountered absolutely outrageous facts, when Siemens products delivered to ESPO facilities are failing en masse - five out of 20 powerful transformers and several electric pump drives have burned out in a short period of time," Nikolai Tokarev, president of Transneft, said in an interview with the corporate magazine "Pipeline Transport of Oil." According to him, the issue of their repair or replacement is being resolved for an unacceptably long time: "Such a prospect

The European Central Bank (ECB) has purchased short-term covered bonds from French issuers, three sources familiar with the ECB's operations told Bloomberg. There has been no official confirmation from the ECB's press service. The ECB is looking to use the eurozone's $3.3 trillion mortgage-backed bond market to boost economic growth in the region.

Rostelecom plans to create its own Internet telephony service, according to the state procurement website. As part of the implementation of the project "Implementation of the Communicator Service", the company announced a tender for the supply of equipment, performance of work, provision of services and a software license. The maximum contract amount will be 72.8 million rubles, the service is planned to be launched in the first half of 2015, a representative of Rostelecom reported.

The photographs of the submarine's emergency surfacing near Stockholm, which were leaked to the Swedish press, show the Dutch diesel-electric submarine Bruinvis, Interfax reported, citing a source in the Russian Defense Ministry. "In order to ease tensions in the Baltic Sea and save Swedish taxpayers' money, we would recommend that you seek clarification from the Dutch Navy Command," the source noted.

A really bad story for Russia could be a rating downgrade from S&P - then it will fall below investment grade / E.

Residents may have the right to determine the fee for common house needs (ODN) for water and electricity at a general meeting after July 1, 2015. This is stated in the draft resolution of the Russian government, developed by the Ministry of Construction of Russia and published on the portal for disclosure of legal information.

October 20, 2014, 00:07 / Lifestyle The film "Graduation" will not offend anyone's taste The film “Graduation” directed by Vsevolod Brodsky will not offend anyone’s taste, and for a Russian comedy this is already an advantage Denis Korsakov Moral of the film: remember the time when you were young and in love / kinopoisk.ru The fact that among the creators of the film are the stars of “Our Russia” and the Comedy Club Sergei Svetlakov and Alexander Nezlobin should not confuse anyone: Svetlakov

The main shareholders of MMC Norilsk Nickel - Oleg Deripaska's UC Rusal and Vladimir Potanin's Interros - have amended the shareholders' agreement regarding the possible postponement of dividend payments from the sale of Norilsk Nickel assets in the amount of $1 billion from 2016 to 2018. This follows from a report by UC Rusal. Dividends for 2013-2014 remain unchanged - 50% of EBITDA, but not less than $2 billion.

PhotoXPress The Moscow government has sold its 49% stake in Ilyinskoye Podvorye, which operates Gostiny Dvor in central Moscow. Moscow's share was sold at auction. The winner was Premier Invest, which offered 618.5 million rubles for the property, according to a statement from the Department of Competition Policy. The price for which Premier Invest OJSC acquired Moscow's share in Gostiny Dvor is 50% lower than the initial offer.

October 20, 2014, 02:07 / Business The share of TV budgets in the Russian advertising market will grow to 51% in 2015 The share of TV budgets in the Russian advertising market in 2015 will grow to 51%, Vi seller believes, largely thanks to the advertising alliance of the largest TV channels Ksenia Boletskaya Maxim Stulov / Vedomosti Dear transfer. 156.2 billion rubles amounted to advertising revenues of domestic television in 2013, according to AKAR data.

The Moscow City Duma commission approved a bill on a new procedure for calculating property tax for individuals at a joint meeting. The amendments will be considered at a meeting of the Legislative Assembly on October 29. According to the head of the Moscow Department of Economic Policy, Maxim Reshetnikov, the bill proposes calculating the tax based on the cadastral valuation of real estate, not the inventory valuation.

The Federal Antimonopoly Service (FAS) of Russia has permitted Rostelecom OJSC to acquire a 50.1% stake in Data Storage Center LLC (DSC, SafeData trademark), the FAS said in a statement. In September, the FAS allowed Gazprombank - Asset Management CJSC to acquire 100% of TsKHD. Thus, various scenarios for the transaction are possible. One option is that Rostelecom and Gazprombank Asset Management will acquire 50.1% and 49.9% of TsHD, respectively.

Jimmy Choo, the designer shoe and accessories maker, floated a 25.9% stake on the London Stock Exchange at 140 pence a share in an initial public offering, the company said on Friday. That was the lower end of a price range; the upper end was initially set at 180 pence, then cut to 160 pence. That valued the company at 545.6 million pounds ($877.8 million).

Oil rises in price on Monday on information that Iran is trying to take measures to prevent a further fall in prices, Bloomberg reports . December futures for Brent oil on the London ICE Futures exchange by 8.48 Moscow time rose in price by $0.07 ( 0.08%) to $86.23 per barrel on Monday. By the market close on Friday, the futures price rose by $0.16 ( 0.18%) and amounted to $90.21 per barrel.

More and more Eastern European countries are following Poland in opposing the EU's plans to curb harmful emissions, the Financial Times reports. If European countries fail to reach an agreement at the summit on October 23-24, the global UN agreement planned for signing in Paris in 2015 could also be at risk. The EU proposes to cut emissions by 40% compared with 1990 levels. Eastern European countries generally agree, but question how to achieve this goal.