Rostec, formerly Rostekhnologii is a Russian state holding company that can be characterized as a National Wealth Fund established in late 2007 to promote development, production and export of hi-tech industrial products for civil and defense sectors. It brings together 663 entities which form 13 holding companies. Eight holding companies operate in the defense-industry complex and five of them are involved in civil sectors. Rostec’s organizations are located in 60 constituents of the Russian Federation and supply goods to over 70 countries worldwide.
Rostekhnologii was founded in 2007 as so called "state corporation", a very special type of legal entity in Russia. The state corporation is established by equity contribution made by the Russian Federation. The organization is headed by Sergey Chemezov. Its headquarters are located in Moscow.
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Former Defense Minister Anatoly Serdyukov can become the deputy head of the state corporation Rostec.
Said Kerimov's Polyus, which recently received a license to develop Russia's largest gold deposit of Sukhoi Log, warned investors about the risk of losing it. This can happen in the case of the new Western sanctions against its partner in the project, Rostec.
Why Rostec headed by Sergey Chemezov is grabbing a bankrupt plant and how the state corporation will negotiate with Tractor Plants owned by Mikhail Bolotin and Albert Bakov.
The largest Russia's gold deposit was given without struggle to a recently created company SL Zoloto, a joint venture of Said Kerimov's Polyus and Rostec, for 9.4 billion rubles. After the auction, Rostec will get $141 million for 23.9% of the joint venture from its partner.
The most unprofitable bank in 2016, excluding credit institutions rehabilitated, became Jugra Bank, which lost 32.2 billion rubles. Only BM Bank, which is currently under rehabilitation, lost more.
Neither party might have a control stake in the joint venture, and Sistema wants to manage it.
Denis Manturov became a millionaire thanks to a successful marriage.
The developer of mobile ground systems encountered problems in their production.
The owners of Polyus have a special day. With the leave of the Fitch rating agency from Russia, Kerimov will have less unsatisfactory investment assessments.
AvtoVAZ attracts foreign component suppliers to the Russian production sites, said General Director of Rostec, Sergey Chemezov. Thus, the car factory managed to convince the South Korean Daewon, which makes frames for car seats, to place its production in Izhevsk.
Raw materials, which have been kept in the State Fund since 1980, will cost the company 67.5 billion rubles.
The dynamics has slowed in comparison with 2015 amid the market stabilization, but there's still the problem with surplus labor force.
Joint venture of the bank and businessman Ibrahim Palankoev filed an application for participation in the auction for the sale of the license for the deposit Sukhoy Log.
Its revenue in this segment is expected to grow to 1.5 trillion rubles by 2025 .
Chemezov "presented" the Meteor sports complex to Novikombank. Will the head of Rostec hide the withdrawal of another billion by revaluation of that asset?
Not a single bid has been submitted to the auction.
According to Russian media, the head of the investment division of Rostec Corporation, Andrey Korobov, is supposedly leaving his post soon. He will be replaced by the head of the investment company A1, Alexander Vinokourov, who is married to the daughter of Russian Foreign Minister Sergey Lavrov, Katerina. And this is the main advantage of this investment banker.
The FAS has found supplies of foreign electronics under the guise of Russian.
And to transfer the company itself to Rostec Corporation.
So far the state buys the medicine from Pfizer and its partner Petrovax farm.
Businessman Ruslan Baysarov wrote a letter to Vladimir Putin saying that he would like to participate in the creation of an online platform for the sale of Russian goods abroad.
Rostec headed by Sergey Chemezov, together with Vitaly Maschitsky, an old friend of the head of state corporation, will become a significant player on the market of state orders on insulin. Previously, Rostec entered the market of vaccines and other medicines for state procurement.
Skolkovo Innovation Center was eastablished to show the world the triumph of the Russian science, but in recent years the project had been plagued by failures. Why Medvedev's modernization project stalled, as investigated by RBC reporters.
Vitaly Maschitsky is planning projects with Rostec worth billions of dollars.
VEB and Rostec claim 23.5% of KamAZ shares intended for Daimler.
The automaker in Naberezhnye Chelny is forced to adjust its strategic plans literally on the move. It seems that it is time for Sergey Kogogin to immediately fire his analysts and financiers.