Tag: Banks and credit

NLMK Banks

The main victims of the crisis in Russia will automakers, retailers, companies in the construction sector and housing, banks and financial institutions, suggests a his review Rosbank included in the top 10 largest Russian banks. 'During the global economic downturn slowing of the Russian economy will be twice as likely as its trade surplus will be actively fall – said Rosbank. Baikal Pulp and Paper Mill (BPPP) in in the near future is to reduce the more than 10 percent of workers said at a news conference on Monday, chairman of the union BPPM Alexander Shendrik. Guide BPPM has verbally informed the shop chiefs on the need to pick up shots under the cut, but an official order would be published in the next 2-3 days, he said. Since early October factory stopped work because of unprofitable production, and difficulties with the sale of cellulose. One of the largest domestic producer of cement – 'Eurocement' – reduces the cost of workers at many of their plants in anticipation of further fall in prices for cement. 'We do not know how people will react to the shorter working hours, will take it.

. But today the staff can seem to understand that the company is experiencing very difficult times' – Reuters said a company representative. However, it is clear in the example of Magnitogorsk combine, other metallurgical organizations – NLMK, Severstal 'and the Mechel – have reported that as of today to refrain from such dismissals. And, despite the decadent mood, reductions are now single, but not universal, involves top managers of large national agency for recruitment Ward Howell Anton Belogorodov. 'Early to panic.

Organization, are properly lined up development and to control costs, such as retail chain 'Magnet', will not suffer '- he said. Today's price reduction of hydrocarbons is fraught with complex implications for national economy, experts suggest. Thus, even at lower oil prices to 70-80 dollars per barrel commodity monopolies could lose the ability to consistently pay the debts. The Government will be forced to move from a tax promote commodity companies to misuse their subsidies. Increase problems in the financial sector and the Russian industry. Significantly increase the weakening of the domestic market and increase inflation. devaluation of international currencies. The country are waiting for numerous bankruptcies. In any case, no need to panic, and should take informed decisions. Information predostovalena People's rating of banks in Moscow, your assistant in world bank deposits and loans.