The Moscow Times

Business: RenCap Cuts RTS '08 Target to 2,350
Renaissance Capital on Monday slashed its year-end forecast for the benchmark RTS Index from 3,000 to 2,350 and increased its equity risk premium for the country from 4 percent to 5.5 percent in a sign of continued investor jitters.

Business

Lining Up at Turkmenistan's Opening Door
By Lucian Kim / Bloomberg Adem Dogan, a Turkish-born used-car salesman from Leverkusen, Germany, never thought much about chicken farming until he got to Turkmenistan 10 years ago. Then, while visiting a customer who bought secondhand Mercedes sedans for resale in the country, he stumbled across an opportunity he couldn't resist.

2 Generator Sales Approved
Reuters The government's markets regulator said Friday that it had registered the share sales of power producers OGK-1 and TGK-10, officially marking the start of the placings.

Aging Nuclear Plant Has Town on Edge
By Patrick Lannin, Nerijus Adomaitis / Reuters When Lithuania's sole nuclear power station closes next year, European Union officials will sigh with relief, but nearby residents are already fretting over the future of their town.

Power Supplier Deal Challenged in Court
By Pratima Desai, Simon Shuster / Reuters A Jersey-based fund said it had filed a lawsuit in Moscow against Russian firm KIT for refusing to buy out minority shareholders of the power supply company it came to control in March.

Iraqi Foreign Minister Visits, Hoping for Debt Reduction
MT, AP The potential deal may be intended to help companies win contracts in Iraq.

Mechel Considering $4Bln IPO on Frankfurt Exchange
Reuters, Bloomberg Steelmaker Mechel is believed to be considering listing its mining division in Frankfurt in an initial public offering that could raise around $4 billion.

Kudrin Counters Bank Bailout Talk
By Catrina Stewart / Staff Writer Finance Minister Alexei Kudrin on Friday sought to downplay assurances by other government officials that the state would step in to shore up domestic banks as a spate of loans come up for repayment.

Russia's Role in G8 Seen Growing Gradually
MT, Reuters The finance minister also warns against limits on foreign investment.

Rosneft Debt Worries Push Markets Down
By Catrina Stewart / Staff Writer Headwinds from global markets continued to buffet Russian stocks in a volatile week of trading.

Turkmenistan Ends Major Gasoline Subsidy
AP, MT Turkmenistan's government announced an end Saturday to heavily subsidized gasoline prices in the energy rich Central Asian nation, prompting long lines at gasoline stations across the country.

Miller Looks for Hungarian Support
Bloomberg, Reuters Gazprom chief executive Alexei Miller held talks Friday with Hungarian Finance Minister Janos Veres in Moscow as the gas exporter seeks partners for a new pipeline to Central Europe.

Polish Pipeline Plea Ignored
By Gabriela Baczynska, Chris Baldwin / Reuters Polish Prime Minister Donald Tusk said Friday that he had failed to talk Russia out of its plan to build a gas pipeline to Germany bypassing his nation.

Kiev, Gazprom Race to End Debt Dispute
By Anatoly Medetsky / Staff Writer European governments looked on over the weekend as Moscow and Kiev prepared to untangle their latest dispute over natural gas after Gazprom threatened on Friday to reduce shipments of the fuel starting Tuesday.

Business in Brief
Chemezov Wants Air StakeMedvedev's Pipeline RequestItera Execs Flock to RussneftFrench-Kazakh CooperationFebruary Inflation LowerAbramov's $4Bln FundBaltic Port Doubles CargoCapital Inflow EstimateLower Trade Surplus FigureSwedes Get Drilling PermitGazprom Drops Baltic PlantFor the Record

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