Market Analysis

The main priorities of the crisis and modernization of the Government of Russia in 2010 will support social stability, support economic recovery, ensuring the sustainability of emerging positive trends and increased modernization agenda.

In particular, to consolidate the positive trends in key sectors of Russia"s economy will continue the implementation of anti-crisis measures. At the same time, will be changed approaches to the formation of the complex of measures and monitoring their effectiveness, according to government materials.

Part of the activities envisaged package of anti-crisis measures by the Government of Russia for 2009 is lengthy, and their implementation will continue in 2010. The amount of such expenditure at 233 billion rubles. Credit will be retained to support regions and the provision of state guarantees for borrowing of backbone enterprises. There will also be implemented certain measures, extended by the Government, in particular the purchase of federal authorities, automotive equipment, provision of subsidies to airlines for passenger carriers in the revocation of licenses and others.

The new measures will be formed based on the experience of the anti-crisis policy in 2009.

One of the key tasks in 2010 is to normalize the situation in the banking sector and to provide access to commercial lending at reasonable terms. In this regard, the Government will work with major and large enterprises in key sectors of the economy to "jointing" of their debts under the obligation to implement development programs, production of new products, completion of major projects of national significance.

In particular, this work will be undertaken in respect of OAO United Aircraft Corporation ", OAO" United Industrial Corporation Oboronprom, OAO AvtoVAZ, OAO Uralvagonzavod. In this state support to enterprises will be provided only in the presence of coherent partner banks specific enterprise development program, containing both activities to ensure the stability of the financial situation in the short term and long-term strategy to ensure competitiveness;

In addition, the Government together with the Bank of Russia continue for mechanisms to ensure the necessary liquidity to banks through the Central Bank refinancing instruments, as well as in mortgage transactions.

In addition, the Government will take additional measures to stimulate demand and support for the start of economic growtfc4h. In the first such action will be taken both in terms of product demand sectors most affected by the crisis in 2009, and for sectors that have significant multiplikativy effect in terms of creating demand for products related sectors of the economy and employment. Such sectors would include, inter alia, the automotive industry and housing.

anti-crisis program for 2010 also includes actions aimed at normalizing the situation in mono. Thus, the Government approved a list of mono, in respect of which will be developed and implemented wellness programs. In 2010, the federal budget for these purposes will be allocated 10 billion rubles in the form of grants and another 10 billion rubles in loans from the regions. The main focus will be placed not on the supported employment in inefficient town enterprises, and the restructuring of these enterprises, the creation of alternative employment, diversification of mono.

Program also includes the modernization of measures aimed at diversifying the economy, creating new, modern production facilities, promotion of innovative activity in the economy. Separate modernization challenge will be to restructure the public sector of the economy, increased privatization, and reform of the budgetary network.
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