The annual turnover of Yandex, according to preliminary estimates, in comparison with 2008 increased by 14% and amounted to 8.7 billion rubles. As before, most of the company"s revenues - about 86% - brings contextual advertising. Another about 11% - in media, said the report "Yandex". "Contextual advertising has confirmed its sustainability as a business model, - says Alexey Tretyakov, commercial director of the company. - During the crisis, many advertisers have chosen her among all advertising mediums. Contextual advertising on" Yandex "allows you to tightly control the budget and addressed the most concerned part of the audience. Therefore, even those advertisers who have been forced to cut their advertising budgets will be treated to the context. The crisis has affected the average amount of advertising budget on one client - it has decreased, but the total number of clients increased from 2009 by 55%. For 2009 Yandex display ads, more than 120 thousands of advertisers. " Internet advertising - the only sector which showed growth against the backdrop of general decline in the advertising market in 2009.

OAO Tatneft in 2010, completes the second stage of a comprehensive energy conservation program in effect since 2000. During this period the company held a large complex of measures to reduce energy consumption, the report said "Tatneft". Saved about 1 million 600 thousand tons of fuel equivalent, or 18% of the consumption of fuel and energy resources. Specific power consumption for oil production in recent years has been steadily declining, the report reads. With the implementation of complex interventions, such as the use of hourly electricity planning the day ahead, holding the adjustment measures for the optimum rate, the rising cost of ef85lectricity for Tatneft in the past year amounted to 14,6% - despite the fact that energy prices approved for industrial enterprises of the republic of Tatarstan grew by 25%. Over the past five years the share of energy in the structure of operating costs increased from 8% to 13% and subject to the further growth rate by 2015 it could exceed 20%.

Company RZhDstroy "(a subsidiary of OAO RZD) and the Austrian Alpine Bau GmbH have established a joint venture with Alpine-RZhDstroy, which will participate in the implementation of infrastructure projects in Russia, Europe and third countries," the report said Railways. JV was created with the participation of the President of JSC "RZD" Vladimir Yakunin and the equity owner and chairman of the supervisory board of Alpine Dietmar Alyuty-Oltian, clarifies the company"s announcement. first projects, which will take part of joint venture, will build the tunnel AlpTransit Brenner Baulos A1 - Grundausryustung in Tyrol and the construction of two tunnels in Sochi, which are the infrasf73tructure for the Olympic Games in 2014. Appropriate memorandums of participation in these projects were signed today in Vienna. "Cooperation with Alpine means for us new opportunities to manage construction projects using advanced technologies.

U.S. markets open in the "plus" Today, we expect a positive opening on U.S. markets. In the first minutes of trading the major indexes can add about 0.5%, after which the players will draw attention to statistics on an index of business activity in manufacturing (ISM Index, is expected to 55.2 points, the previous value of 55.9 points) in January, leaving at 18.00 MSK. to define further the dynamics of the markets. It should be noted that the players continue to ignore the statements of U.S. companies and are waiting for Paul Volcker"s speech in Congress, which will be held Zavriev. traded on the American sites have opened growth of the major indexes, helped by data on U.S. GDP for the fourth quarter, which turned out better than expected. In the future markets have been supported by positive data on business activity index of Chicago and University of Michigan consumer sentiment, but it was not enough to continue growth. After the first hour of trading, during which the main indexes added about 1%, the markets faced a wave of sales. As a result, by the middle of the day indices returned to levels close Thursday, and at the end of trading left in negative territory. As a result, the indices Dow Jones and S P500 lost 0,53% and 0,98% respectively, the NASDAQ index fell 1.45%. Today, the morning session, the index futures on S P500 showed restoration of quotations, but after the release of statistics on an index of personal spending, there has been a slight decrease, resulting in a 17.00 contract is trading at 1,075.5 points. Meanwhile, Russia"s market returned to morning levels. By the current moment the MICEX index lost about 1%, dropping to a level of 1405.7 points. In leaders reduction Rosneft and Gazprom Neft, losing more than 2%. Better the market looks the regional telecom sector, the paper which demonstrate the growth of quotations. Itf1cshould be noted that bidding in the market place against a background of high volatility. Additional portion of "noise" comes on the market after the index of ISM. This statistics is likely to determine the dynamics of our sites at the closing. log in and see the material;; 1; user rated material at 3. Analyst Ratings

Good statistics on U.S. GDP, and also be better than expected consumer sentiment index and the University of Michigan index of business activity in the manufacturing sector, calculated by the Chicago Association of managers have not helped the U.S. market to remain in positive zone. The euphoria of the positive statistics closer to the end of the trading has been replaced by concerns about the situation in the euro area and the possibility of lowering the estimates for GDP, as was done in the III quarter. Adds the negative statements by the government of the PRC that the monetary authorities of China may resort to raising rates sooner than it will make the U.S. Federal Reserve. This will happen if the "consumer price inflation will exceed the level of the annual rate on bank deposits for two consecutive months. Meanwhile, according to Chinese authorities, Chinese banks have followed the requirements of collapse after a sharp increase in lending volume of loans disbursed during the first week of January and raised the reserve requirements as a result of the end of January the volume of loans fell sharply. Chinese stock market looks today, worse than other Asian sites, CSI 300 index fell 1.61%. European markets look fairly stable, the pan-European index Dow Jones Stoxx 600 is reduced by 0.44%. Banks, despite the news from China, are growing up. Barclays 2%, Royal Bank of Scotland 1.9%, Commerzbank 1.6%, Deutsche Bank 1.2%. Oil remains at the local minima with rising dollar. Spot Brent $ 71.62, WTI $ 72.89, futures in positive territory at 0.8%. Rossyisky market opened 1% lower against the external negative, then tried to close the gap, but by the middle of the day again went to the opening levels. At 15:30 the MICEX index decreased by 1.4%, RTS index at 1.24%. Trading volume on the MICEX stock market average, 28 billion rubles. Much better than the market looking like the action of the regional telecom. No news on the sector, no, the players expect that the coefficients of exchange of shares of MRK shares of Svyazinvest will be beneficial to holders of preferred shares of MRK. "Pref Uralsvyazinform grow at 7.2%, SPC at 7.3%, Sibirtelecom 6.9%. strong enough now looks Gazprom, some support for the shares of the company has records for III quarter of IFRS. In this case it is difficult to assess unambiguously. Net profit rose 33% over the same period in 2008, but the main factor that influenced the size of the net profit has become currency translation gain of $ 42.5 bil. against losses of 35.8 billion rubles. year earlier. Revenues decreased by 7%, EBITDA declined by 41%. It shares the largest oil companies are falling,Rosneft -3% -2.4% Gazprom Neft, LUKOIL -2%. Also losing in the price of shares of steel companies, NLMK -3.9%, -2.9% Severstal, Norilsk Nickel -1.6%. Before the opening of trading in the U.S. market continues to oscillations around the mark of 1400 points on the MICEX, and then will wait for data on personal spending /income from the U.S. and reporting the largest oil and gas companies of Russia and the United States. In addition to Gazprom Rosneft will report in the United States will publish the results of Exxon Mobil. In addition to statistics on expenditures and household income, which will be released at 16:30, at 18:00 waiting for data on construction spending and the index of activity in the manufacturing sector ISM. While our market does not want to go below 1400 points, any reduction in the players quickly redeem. This is facilitated by a large amount of free liquidity and low interest rates on the interbank market. However, the fundamental situation is complicated, in addition to oil we should put pressure dynamics of the American market, which struck uptrend. If in the coming days, players in the United States will continue to play a fall, we follow them. log in and see the material;; 2; user rated material 5. Analyst Ratings