accounts by officers of the czech slovak legion blocks in one thousand twenty officials from the ministry of finance of former sars to russia were constantly with the russian gold reserve travelling from cars and to here could. this means they were in control of the gold in one way or another you know of course there is much speculation about whether or not some of it was stolen from. the golden train called the long distance by nine hundred twenty the gold was taken from to samoa this. was placed on the train and then sent from homes to go train to goods in the east of the country so we need to the train station it was discovered that a huge amount of the gold was missing by that time and caltex borders to go on to the golden train was handed over to the czechoslovakia jeanette's. ten it is a small station the train loaded with gold came here nearly ninety years ago so team crates of bullion were found to be missing on january the twelve months hundred twenty eight days of the legionnaires began guarding the train. this theft was reported by nature koslow x. because the russian guards had disappear

representatives shared with us some positive steps to strengthen fiscal management within the ministry of finance. this progress has taken years because of the great challenges including lack of capacity, which is a critical element for our success in light of the kabul conference commitment to funnel half of all assistance through the afghan government. yet, we don't have years to wait. we need to aggressively pursue capacity building measures so the afghan government can expand effective governance. what conditions and benchmarks must afghanistan meet prior to the provision of 50% of funding through its ministries? our long-term success hinges on our ability to combat corruption and ensure accountability for government expenditures. build a capable military and police force in a state that has never had one. create a viable legal and economic foundation that will provide a safe and prosperous future for the men, men and children of afghanistan and enable the afghans to sustain the civilian assistance programs we are working so hard to tablish. we have worked together. i want to connue to work w

to be worth eighty million dollars this says it aims to improve standards for most of the market the finance ministryis planning russia's biggest asset sale since the early ninety's the government aims to raise up to thirty billion dollars over three years to cut the budget deficit minority stakes in ten companies are up for grabs including russia's largest oil producer rose neff to power generator rose hydro and top lenders vitti be ans burbank the government could keep fifty percent plus one share of these partially listed companies in my latest. listed companies like russia israel monopoly. the record heat is forced a leading industrial joint to halt production find out who nextel. if. soon which bryson. song from phones to impressions. means for instance on t.v. . every month we give you the future we help you understand how to get there and what to bring the best in science and technology from across russia and around the world . join us for technology update on our g. q. fifty. five. the biggest issues get. face to face with the news makers. in. the big old. you're watching. headlines now. the

objecting to the new plans saying they would lead to reduced investment in the sector the finance ministry says it will of concessions dolls and strode no new mechanism should be created to help the worker new fields and provide tax breaks for them the fields of taloqan will be included on the list of those receiving tax breaks. it will also feel some changes starting from twenty twelve under the plan or extraction tax will be raised to six point five percent in twenty twelve and five point four percent in twenty thirteen. sales of new cars in russia tipped to grow fifteen percent this year according to a cult p w c the company says the cash for clunkers program true of the sector's roys but it's unclear what will happen when the scheme ends meet pool reports. russians are once again getting into buying new cars to wait to get behind the wheel of a myth sadie's is up to three months and if it's a new russian built do you want well that could take as long as he will for year in some regions so far overall sales are up three percent in the first half of this year however the market remains segregated with t

there is now a flow of capable, professional, qualified young people back into afghanistan, and that resource is increasingly helping the central ministries. there is a finance ministry and a ministry of mines, which are so essential to the country's economic survival. i do not think that that flow of skilled, qualified people is yet reaching the provincial level, but that is a necessary part of what must happen over the next few years. >> paul flynn. >> does the foreign secretary not agree that this very welcome naming of an exit strategy will change the mindset and acquire its own accelerated momentum, whereby the public will say, "if 2014, why not 2011, like the canadians?" nato generals and politicians will increasingly ask themselves the john kerry question -- how can i ask a soldier to be the last one to die for a mistake? >> of course people will question at all times what we are doing, and that should be expected because it is so difficult and costly. however, there is a straightforward answer to the honorable gentleman's question about the difference between 2014 and 2011. in 2011, the afghan national security forces will not be remotely ready to le

and i have changed patten all of these of the work of the ministry and in the coming week we're going to appoint a new a finance development minister in italy. a question to both leaders. like russia and italy are planning to have the corresponding years of culture. in two thousand and eleven. now within those years of culture with specific events would you highlight maybe some of them you will oversee personally and will you start visiting each other more often. now we're working. and we have over five months to go to finalize the program for this year many ministries are participating in this progress and i know that a lot of tourism initiatives are up and coming i mean. different cultural areas. and different couper's to get acquainted with the cultural monuments and i know that many programs many cameras will be designed for st petersburg which both wrists wonderful architecture. one of the major this is one of the major parts of. of the program for these hearings and a major t.v. shanel also are going to take active part in this program progress program which at least they will have a great responsibility

of the u.s. economy the u.s. g.d.p. second quarter results are expected later on friday. good news for russia's bond market the finance ministry has placed a five year. it's the longest since october the total issue of both five and three year bonds is valued at just stunned a billion dollars investors are tired improved after russia's economic growth accelerated in the second quarter to five point four percent. the russian internet firm and facebook investor digital sky technologies first to sell a stake of up to twenty five percent the i.p.o. is scheduled to take place in london next year. so if a star has taken a controlling stake in calendars crude gold corp up from forty percent although it acquired a number of foreign still companies before the crisis so oversells gold subsidiary has been one of the best performers. obviously this. has significantly reduced some of the cap explains that it's a reaction to the crisis and it's very natural our business or because there was a bit contras and interestingly enough we have contributed being a fairly small part of the business in terms of the size of the assets which contribute

breeders have lost their grass and now they're running out of cheap grain as drought continues dot clouds are gathering around the finance ministry as they contemplate their inflation forecast in two thousand and seven when there were also the similar rally all their cultural markets it's true that russia received. local inflation so personalized just upgraded the inflation forecast for this year but greatly by zero point five percentage point from the level of seven percent off some point five percent this is not that very. i don't believe that this level will constrain the comic recovery marketplace there's no reason for panicking and promise to keep prices at acceptable levels so the government doesn't have to intervene but looking into the future they can see another problem looming we have to change your whole policy on insurance there's only about ten percent of the crops have been insured and the insurance companies are not very friendly towards. not only. insuring the crops but they're not terribly friendly on pain obviously once that once the situation happens he says insurance companies should change their approach but

good news a russian bond market the finance ministry has placed a five year bond the longest since october issue of both five and three year bonds is valued at just under a billion dollars investors appetite improved after russia's economic growth accelerated in the second quarter to five point four percent. the russian internet fervent facebook confessed their digital technologies plans to set a stake of up to twenty five percent the i.p.o. is scheduled to take place in london next year. sevastopol has taken a controlling stake in calendars crew coal corp up from forty percent although it acquired a number of foreign steel companies before the crisis service sells gold subsidiary has been one of the best performing. significantly reduced some of the top explains that it's a reaction to the crisis and it's very natural our business will boost it was a bit colder cyclical and interestingly enough we have contributed being a fairly small part of the business in terms of the size of the assets which contributed both twenty five percent of. the night to do overall severstal reasons so in the difficult

by good news from russia's bond market the finance ministry has placed a five year bonds the longest since october to take the issue of both five and three year bonds is valued at just under a billion dollars investors appetite improved after russia's economic growth accelerated in the second quarter to five point four percent. russia make a cameras has cut its losses by more than two thirds in the first half of this year compared to the same period of two thousand and nine a report by german called make a dime or says come out as last thirty million euros in the period from january to june the second quarter is assume profit for the first time in the year the russian company benefited from cost cutting and rising sales dive a fifteen percent stake in cats. i'm not so from the business team for now but of course i'll be back with more updates for you next hour and you can always find more stories on our website that's the dot com slash. granted. that may. be a. few months i'm. glad that. my . provided citizens with. rights of. hospital chatter. had a problem like. when the government since trying. to. right. to kill a

probably one of the most popular get more school so the share over the retail market. is actually more than a quarter. something the finance ministry is planning russia's biggest asset sale since the early ninety's the government trying to rise up to thirty billion dollars over three years to cut the budget deficit minority stakes in ten companies are up for grabs including russia's largest oil producer and that's how it generates a hydro top blend is. the government could keep fifty percent plus we want to share of these partially listed companies in a later fell states in the list of companies like russia israel and they. come down to look at the market and promising start asian stock markets are heading lower as investors react slaves were bound in a new way to new home sales amid lingering worries over the strength of the global economic recovery is just hanging on the plant it's not a one quarter of stocks in the mix of two or three giving back from previous gains trade down a more than one percent. russian rocky's those are close on a monday in the flash leading over there was an explanation moving three percent on both level

of the most popular in moscow so the share over the retail market. is actually more than a quarter so it says something. but finance ministry is planning russia's biggest asset sale since the early ninety's the government times to raise up to thirty billion dollars over three years to cut the budget deficit stakes in ten companies out to grab including russia's largest oil producer the power generated was hydro and top lenders v t v and. the government could keep fifty percent plus more in share of these partially lifted complete and major sell staves and other list companies that russia will be. let's have a look at the markets now in japanese talks edge toyah early tuesday here's a live from a strong us though rising and his movements with limited gains among explaining to alter stock to the mix of toyota giving back some previous gains to trade down more than one percent hong kong shares extended their gains to climbing in the previous five sessions produced by china mobile and chinese metal for juices here in russia markets closed on monday in the black leading or producer of holes in the finished up more than three per

of the most popular in moscow saw the share all over the retail market. is actually more than a quarter so it says something. the finance ministry is planning russia's biggest asset sale since the early ninety's the government aims to raise up to thirty billion dollars over three years to cut the budget deficit minority stakes in ten companies are up for grabs including russia's largest oil producer rolls left power generator was hydro and told lenders vitti be in spare bank the government could keep fifty percent plus one share of these partially listed companies and related sell stakes in a list of companies like russia's rail really come out having looked at the markets and here in moscow the r.t.s. exchanges opened in the black gaining a quarter of a percent with what it follows big gains on monday thanks to higher than expected earnings from rolls left and improved investor confidence following results the european bank stress tests and the g. phones are going to go moving two and a half percent as the price of light sweet holds the seven to nine dollars a barrel not a promising start asian stock markets are heading lower a

ministry finance, i guess. >> now that the elections are over, the government will be compiling budgets for fiscal 2011. what is going to be the focus? >> it depends on how the japanese economy sort of behaves. right now it's all right, okay? but if my prediction is right, the economy would go into the recession toward the end of this year or early next year. then the budget compilation needs to take that into account. they could cut the profit tax. you know, they -- corporate profit tax in this country is too high. so they have to cut if any way. and i think even dpj have promised they will eventually cut it. so they may sort of front road that. to use the corporate tax cut as a sort of fiscal policy. as a sort of stimulus to the economy. >> recent economic data show a mixed picture and he expects a slowdown in growth. >> current situation is not really that bad as tonkin has predicted. but the future -- give the future indication of investment. the weak machinery orders indicate that the economy would probably start to falter after summer. but i think current situation is not bad. generally, much growth rate at the annual rate was 5%. probably april, june, allowing for 3%, 4%. jap

deficit and according to of course we're far from we'll see the state is most likely to push through with their proposed tax plan despite any objections. we believe that the finance ministry view will prevail the worst they will try and increase the tax take from extractive industries in general and look to give some tax breaks into industries new industries that the government wants to grow such as technology and pharmaceuticals i'm sort of the food and culture and she's alternately we believe that's what we're going to see it's just going to be a question of what the balance in extractive industries is going to be. obviously the new tax regime in russia is going to be the biggest issue up this summer and we may see some intensive debate at the governmental meeting later on july the thirtieth. that was our correspondent in a culture from headquarters thank you. time to check out the stock markets now russia remains high in afternoon trade energy stocks are rising as the price of gold holds near seventy six dollars a barrel. topping it cannot make headlines at the moment to investors to look for safer bit like gold that usually hosts russia is resisting the pressure for t

finance ministry says it will offer concessions. through no new mechanism should be created to help the worker new fields and provide tax breaks for them the fields of fire and current time occur and will be included on the list of those receiving tax breaks. will also feel some changes starting from twenty twelve under the plan or extraction terms will be raised to six point five percent to twenty twelve and fourteen point four percent to twenty thirteen. analysts have a quick look at how the acting markets are performing asian stock markets are mostly trading low on thursday following weakness on wall street stocks declined stateside overnight after federal reserve chairman ben bernanke you voiced concerns about the pace of u.s. economic recovery a stronger yen has hit export of stocks on the neck a as investors buy into the safe haven japanese currency and in hong kong the hang seng is down zero point two percent this hour. and here in moscow the r.t.s. has opened lower shedding more than half a percent so far that follows gains in the previous session my six or such rating in just a few minutes it had a strong session on one state finishing two

sixty percent of the state budget revenue but we for for all we all see this is most likely to push through the proposed tax regime despite all the objectives. we believe that the finance ministry view will prevail as they will try and increase the tax take from extractive industries in general and look to give some tax breaks into industries new industries that the government wants to grow such as technology and pharmaceuticals i'm sort of the food and i. believe that's what we're going to see it's just going to be a question of what the balance in extractive industries is going to be. obviously the new tax regime in russia is going to be the biggest issue after the summer and we may see some in-town see if debate on this very issue at the governmental meeting later on july thirtieth. our correspondent. reporting from goes from headquarters thank you very much for. stopping. edging further into the black in the afternoon energy stocks are rising as the price of the black gold holds near seventy six dollars a barrel hungary's debt is topping economic headlines prompting investors to look for safe bets like gold but usually her with ease but russia is resisting the pressure so f