Market Analysis

Government of Russia has withdrawn a ban on the production of pulp, paper, cardboard and products from them without the use of drainage water management systems, which operated in the central ecological zone of Baikal natural territory. Thus, the Baikal Pulp and Paper Mill will be able to resume their work.

Resolution number 1 dated 13 January 2010 "On Amendments to the list of prohibited activities in the central ecological zone of Baikal natural territory", signed by Vladimir Putin, published on the website of the government.

Since the founding of the Baikal Pulp and Paper Mill in 1966, the company has repeatedly demanded the closure. In October 2008, work was stopped by CBK on demand Rosprirodnadzor obligated to move to combine closed loop spillway. In autumn 2009 the company introduced a procedure of observation, but in early 2010 BPPM resumed production.

In connection with the decision of the Government authorizing the work of polluting factories, environmentalists asked the president of Russia with a demand to cancel the order number 1.

"We are confident that this decision was in favor of short-term interests of the owners BPPM" - said in a letter to Greenpeace Russia Dmitry Medvedev. "We urge you to direct the efforts of state for real projects on alternative socio-economic development of Baikalsk, for which all conditions", - reads the text of the letter.

The main shareholder of the Baikal Pulp and Paper Mill is owned by Continental Management, part of the Basic Element of Oleg Deripaska.
Leaders act to reduce stocks of oil, steel and telecom sectors
It is difficult to imagine how these wd68ill be completed volatile trading, after pouring oil on the fire brightly vacillating oil prices
Railways in 2010 will send 71.8 billion rubles for the construction of infrastructural facilities in Sochi
Rally of mining and oil sectors against the backdrop of rising prices for raw materials has helped European markets finish in positive territory Monday trading
EU finance ministers called on Greece to actively combat the budget deficit
ECB: The threat of a recession in the euro area re unlikely
President entrusted the North Caucasus Alexander Khloponin
An interesting idea can become tomorrow"s paper metallurgical sector, whd30ich today traded worse than the market
Oil prices hamper the enthusiasm of investors: in the course of trading on the MICEX index dropped 1,460 points support

Company News