Thread: Rich Russian banks to buy European rivals VIDEO

Investing in today's Russia is like investing in McDonald's in 1950s or Miscosoft in 1980s.
Don't miss your chance.....

The purchase of major EU bank, B.M.P.S. by a Russian counterpart could mark the start of a shopping spree by the country’s cash-rich banks.

VIDEO - RussiaToday : Business : Rich Russian banks to buy European rivals


On Wednesday influential business daily Milano Finanza reported that a Russian consortium is eyeing the French and Belgian operations of Banca Monte dei Paschi di Siena SpA.

Observers believe only VTB or Sberbank has the resources to buy the assets put up for sale by the Italian major.
Experts think cash-rich Russian banks will not be able to resist the temptation to purchase European banks. The current credit crisis provides all the conditions for such deals: EU banks have become relatively cheap, while Russia's banks are full of cash.

However, some banking analysts do not see the logic for Russian banks to buy abroad. “I think the priority for any Russian bank’s management must be first to focus on the domestic market,� an expert from global investment bank Lehman Brothers said.

RussiaToday : Business : Rich Russian banks to buy European rivals

Investing in today's Russia is like investing in McDonald's in 1950s or Miscosoft in 1980s.
Don't miss your chance.....


Russia’s Trade Balance Surplus Up by 53.6%

The trade balance surplus in Russia grew by 53.6 percent to $70.2 billion in January to April of 2008, the Federal Customs Service announced.



Russia’s foreign trade turnover grew by 51 percent on year to $227.2 billion in January through April, according to customs statistics. Of this amount, the turnover with far-abroad states accounted for $193.7 billion (up 52.3 percent) and the turnover with CIS generated $33.5 billion (up 44.0 percent).
January-April exports stepped up by 51.6 percent to $148.7 billion. The exports to far-abroad states reached $126.3 billion (up 51.6 percent), while CIS accounted for $22.4 billion (up 51.8 percent up).
The imports equaled $78.5 billion, having widened by 49.9 percent on year; far-abroad states accounted for $67.4 billion (up 53.7 percent), CIS generated $11.1 billion (up 30.6 percent).

Russia?s Trade Balance Surplus Up by 53.6% - Kommersant Moscow

Are you paid by Russia to do this or something? Or are you just incredibly patriotic...

Originally Posted by North Pole Resident

Investing in today's Russia is like investing in McDonald's in 1950s or Miscosoft in 1980s.
Don't miss your chance.....

Yeah, tell that to BP...

Don't miss your chance to get skinned alive!

Here's an idea, go use all that money and buy yourself some rule of law and then I'll look at Russia with something other than a wry smile.

Originally Posted by Latherty

Yeah, tell that to BP...

Don't miss your chance to get skinned alive!

Here's an idea, go use all that money and buy yourself some rule of law and then I'll look at Russia with something other than a wry smile.

yeah, I wouldn't go investing in an oil company if there was a chance that it would be confiscated by the state.

If I really have to be submitted to russian propaganda, I'd rather watch those 2 gorgeous "Putin Girls" instead of reading your drivels:
YouTube - Vladimir Putin / Такого как Путин (English version)

The lyrics are hilarious:

My boyfriend is in trouble once again:
Got in a fight, got drunk on something nasty
I've had enough and I chased him away
And now I want a man like Putin

One like Putin, full of strength
One like Putin, who won't be a drunk
One like Putin, who wouldn't hurt me
One like Putin, who won't run away!

I've seen him on the news last night
He was telling us that the world has come to crossroads
With one like him, it's easy to be home and out
And now I want a man like Putin

That video always cracks me up. And yes it's the real Putin you see in it.

Originally Posted by Kyryahn

The lyrics are hilarious:

My boyfriend is in trouble once again:
Got in a fight, got drunk on something nasty
I've had enough and I chased him away
And now I want a man like Putin

One like Putin, full of strength
One like Putin, who won't be a drunk
One like Putin, who wouldn't hurt me
One like Putin, who won't run away!

I've seen him on the news last night
He was telling us that the world has come to crossroads
With one like him, it's easy to be home and out
And now I want a man like Putin

That video always cracks me up. And yes it's the real Putin you see in it.

Oh.... How funny.... Ha-ha-ha.....


1 week ago:



Russia's Prime Minister Vladimir Putin (L) and Vagit Alekperov, president of Russia's second largest oil producer LUKOIL, meet at Novo-Ogaryovo just outside Moscow July 18, 2008.

Today

28/ 07/ 2008

Russia's LUKOIL buys Turkey's Akpet for $500 mln

By Robin Paxton and Tolgahan Ozkan

MOSCOW/ISTANBUL, July 28 (Reuters) - Russian oil major LUKOIL (LKOH.MM: Quote, Profile, Research) agreed to buy Turkish fuel distributor Akpet for $500 million on Monday, securing 5 percent of Turkey's oil product retail market as it continues its downstream expansion.
LUKOIL, Russia's second-largest oil producer, plans to double its Turkish market share to 10 percent within a decade after acquiring eight oil product terminals with total capacity of 300,000 cubic metres, company president Vagit Alekperov said.
"LUKOIL bought Akpet for a little bit more than $500 million," Alekperov told a news conference in Istanbul after signing the deal with Akpet's owners.
LUKOIL last month took its first major step into the western European refining business with the $2.1 billion purchase of a 49 percent stake in Italian refiner ERG SpA's (ERG.MI: Quote, Profile, Research) Isab di Priolo refinery on Sicily.
The Russian company, owned 20 percent by U.S. oil major ConocoPhillips (COP.N: Quote, Profile, Research), plans to invest $25 billion in refining and retail over the next decade, excluding acquisitions. Its acquisition of Akpet, which operates 693 gas filling stations in Turkey, also gives LUKOIL control of five liquefied natural gas (LNG) storage tanks with total capacity of 7,650 cubic metres.

UPDATE 2-LUKOIL buys Turkey's Akpet for $500 mln | Markets | Reuters

Russia's LUKoil buys Turkish oil retailer
MOSCOW, July 28 (RIA Novosti) - Russia's second largest oil producer LUKoil has bought 100% in Turkish oil product retailer Akpet, which has a 5% market share, the company said on Monday.

RIA Novosti - Business - Russia's LUKoil buys Turkish oil retailer

[url] http://www.lukoil.com

LUKoil (RTS:LKOH LSE: LKOD NASDAQ: LUKOY) (Russian: ЛУКойл; pronounced /lukɔɪl/) is Russia's largest oil company and its largest producer of oil. In 2006, it produced 95.2 million metric tons of oil.
Its international upstream subsidiary is called LUKOIL Overseas Holding. Headquartered in Moscow, LUKOIL is the second largest public company (next to ExxonMobil) in terms of proven oil and gas reserves (ca. 20 bn boe by SPE standards; some 1.3% of global oil reserves).

LUKoil's North American Headquarters are in East Meadow, New York, USA.
LUKoil - Wikipedia, the free encyclopedia