all right thank you so much to strategists at the troika dialog talking to us here at the four and i used by troika dialog actually and it seems really that investor sentiment has been only going up the past six months we've got a record attendance record presents of delegates more than last year and do well they're all smiling they're all shaking hands they're all doing business. that's really good news we thank you very much for looking forward to get more for us you'll be bringing us more gas next hour from their russian forum underway in moscow. and russia aims for growth through industrial innovation but to mcgrath c.e.o. of sperm banks says government performance also needs to be more tonight. there was more than we have a unique opportunity to reach a high level of growth in both the mid and long term however our main problems lie in the wrong concentration of effort and the lack of modernization in the government we need to minimize the presence of the government in the economy and improve efficiency if we do this and improve market competition i'm sure that russia will becom

or investment one of the key words here at the troika dialog investment four of the russia four of the fourth annual forum to being held here in moscow and as we've heard from the finance minister says that russia needs to increase investment by seven to ten percent each year in order to sustain economic growth at more than four percent annually one of the most interesting sectors everyone's talking about here is the banking sector has been a lot of consolidation going on as the deal bank acquiring troika dialog the organizer of this forum is also in the making of bt be pretty much given the green light to acquire bank of moscow and well how is that going to reflect on their transparency on their ratings on their investment attractiveness this is what we're going to talk about with james watson the managing director of fish ratings thanks so much james so what do you think about the recent trends in terms of consolidation well then the big news is that consolidation is finally starting to happen is something that we've been talking about we've been expecting for maybe ten or fifteen ye

the banking sector has been a lot of consolidation going on there's a deal where bank acquiring troika dialog the organizer of this forum there's also a deal in the making of bt be pretty much given the green light to acquire bank of moscow and well how is that going to reflect on their transparency on their ratings on their investment attractiveness this is what we're going to talk about with the james watson the managing director of fish ratings thanks so much james so what do you think about the recent trends in terms of consolidation will have been the big news is that consolidation is finally starting to happen is something that we've been talking about we've been expecting for maybe ten or fifteen years now we see real transactions starting to happen we see not just the states and banks acquiring some of the players in the market we also see some private banks also trying to consolidate with others to increase their market share. and improve their critical mass where we regard that as a positive development generally for the success what about the risks in the sector what are they. i th

are troika dialog katty finance and alpha bank. and that's your business update for this hour join us for one more join us in an hour for more business updates that say thanks for watching. the. wealthy british style the sun. spot on the rise. market why not. find out what's really happening to the global economy with much stronger for a no holds barred look at the global financial headlines tune into kinds a report. the more people we killed a happier our officers were you know it's got to be like a game like to see who could kill the most people and the different ways you can prove maybe skill but you know i can you know here's a few drawbacks someone's ears you know where they have the most ears they will get the most fierce in-tray you should be reduced to zero then a few women children and five men around the circle over know all formatting whether i'm sixty. two stay down for a bus or so.

one place the size of this all right boris jordan thank you so much for joining us here at the troika dialog investment forum i was present over night since i'm sure i was talking to us here back to you kareena and thank you dmitry and your guests and i'll be getting back to you on what's going on at the forum in the course of the day. now let's have a look at what's happening in the markets asian shares were mixed on thursday after a sluggish leaves from wall street's japan's nikkei finished a quarter of a percent lower trading with some dude as most regional markets are closed for the lunar new year holidays investors are also cautious after the torn wine egypt took center stage again here in russia the r.t.s. is gaining over half a percent this hour while them isaacson's up point four percent energy shares are high on rising home prices look oil is gaining over half a percent of gas from point eight percent up however ross now is shedding over a quarter of the saps. that's all we have time for in this edition of our business bulletin but you can always find more stories if you log on to o

and russia's first dodges banks bear bank plans to buy almost the whole of troika dialog as by the misty day reports the state bank will pay one billion dollars what eighty percent share in the investment company standard bank which now owns around thirty five percent of troika will be the first to sell its part of the buyout plan a rose after isabel bankside itself the task to create a full fledged investment business. moscow has been touted as a potential future financial center by many analysts and investors but william winters from mastercard worldwide says there's still much work to be done. well i think there's a tremendous amount of work that we need to be done there's infrastructure work that needs to be done there's there's a creating a more robust the best capital market and financial market which is underway in russia but not completely and of course there are lessons to be learned in terms of things to avoid along the way in terms of market dislocations that come from from government subsidies or taxes that clearly came back to bite the western economies and pretty horrible w

it turned out to become was the company gained almost three percent during the day on news that troika dialog may sell more than ten percent of come ons to dive lower. and russian markets saw a slight correction on thursday as investors sought to take profits after a good run early in the week but although egypt's turmoil is weighing in on the markets tom monday at all says it's helping to push oil back up markets trading a little lower today we've had a good week so far so the markets are just consolidating there's quite a lot of news to trade around clearly the news in egypt has been good for the oil price the market is worried about supply disruptions because of that and because of the worries about the violence spreading across the middle east so the markets taking some profits this stage i looking into what's going to happen tomorrow particularly with the u.s. data that's coming out some more unemployment data that's coming out. and that's all the business news for this hour but you can always find more stories on our website that's r t dot com slash business thanks for watching. wings s

speculation in the local media that her broncos are preparing to buy top russian first one for troika dialog speaking after the market close on friday's burbank c.e.o. herman graff said at the session on the strategy would be announced in less than two weeks time. ok you're up to date now that's all for me for this hour but you can always find more stories from our website r.t. dot com slash business. good some. excellent professional. looks rather against possessing an extraordinary car. the doctor who helped many people in his country. the political criminal responsible for thousands of deaths. was it an attempt to repent. or just escape a fair trial. the underlying thought rather than. on archly. well. the latest in science and technology from around. the huge earth cupboard. download the official. show i phone the i pod touch from the i choose up still. love life on the. video. all t's mind becomes an r.s.s. feeds now in the palm of your. call. if. it is easy. to. see.

thanks for joining me which is the largest lenders bear bank is planning to buy investment firm troika dialog that's according to the. newspaper the state bank will initially acquire an eighty percent stake in the company for around one billion dollars the remaining shares are to be bought within the next three years south africa's standard bank which report thirty three percent of troika in two thousand and nine will be the first to share a buyout plan a rose after. the task of creating an investment business. the second day of the russia forum is underway in moscow this year it's attracted a record number of business leaders investors and officials from all over the world artie's missionary denko brings us the latest from the far. russia's finance minister yesterday was saying that in order for russia to maintain a sustainable rate of growth for more than even four percent a year and russia needs to track seven to ten percent investment more per year while the figures that the privatization program plays a large part in this and the finance minister said yesterday for example that. the seco

week there were stock market still offers good prospects that's according to vice president of troika dialog the hype. i think the russian market is a very good demand for it now so i think all the major inward events like global capital markets can influence it so for example i think. s. and p. is very good brains work for that you for the market doesn't break through thirteen hundred two s. and p. i think russian markets will keep reforming other markets and will remain strong. and russia is close to finishing negotiations on joining the world trade organization speaking exclusively to business archie the country's chief negotiator says all outstanding issues should be resolved within a few months. it was so help to complete two hundred shows are so few important issues sort of like subsidies in the agriculture or excess to read so markups to so it's something krishna we have already discussed for many years some freedom seeing as a source of the hope of becoming friend wasn't because of peer reasons a reasonable period of time it's not here as of course it's months to months. so we have t

four and a half billion dollars and the second deal actually concerns the organizer of this form troika dialog of this investment bank is to be purchased by burbank the largest bank now we will be bringing you of course details on those deals and everything is going to be said here and the most interesting information you will find in our board because that's all we have time for now but our choose which moves into will. bring you more in less than fifty minutes time. the more people we killed a happier our officers were it got to be like a game like to see who could kill the most people and the different ways you could prove maybe you killed libby i tell you no here's now if you go back someone's ears you know where he had the most years they would get the most fierce each day you should be reduced to zero then a few women children and five men around the circle over no phone call money for him sixty. she was taken down raped by six or seven people in front of her only. the most of those. wealthy british style. that's not on the front. end of the. markets why not. find out what's really happe

from the business desk russia's largest lenders bareback plans to buy almost the whole of troika dialog that itself a task to create. investors that i'm more of the. watching and the live from moscow ten am in the russian capital i'm marina joshie welcome to the program the egyptian army has started arresting anti-government protesters in the sandor of cairo it marks a change of approach by the military which previously wasn't intervening in clashes between supporters of president mubarak and anti-government demonstrators five people are reported to have been killed in a morning gunfight in cairo's tahrir square that follows a day of heavy violence in which hundreds were injured the country's braced for more trouble as it enters its stance days of unrest are just published near has more.

speculation in the local media that it's burbank is preparing to buy top russian investment from troika dialog speaking after the markets close on friday's burbank ca paragraph so a decision on a strategy would be announced in less than two months. that's up from new york today drawing in less than one last time for more business news. download the official r.t.f. occasion q i phone or i pod touch from the i choose apps to. see life on the go. video on demand cheese mind bold colors and r.s.s. feeds now in the palm of your. question on the dot com.

part of the government's ambitious targets or privatized key state owned companies the head of troika dialog says that foreign investment into these privatized companies could help make moscow a global financial center. if i want to make good marks the price today may be the better to lose so companies go in companies in london or new york or hong kong but if you really have a long term committed to do it most likely scenario i mean you see a crucial tool in the truck when that first explain this the lights make sense for him to come and buy. shares of the government grow this company in moscow. and that's your business update for this hour but you can always find more stories on our website that's awesome dot com slash business stay with us. we use special old french and accents recruitment. they are ready for replay. you can of worms. became their money. shouldn't those people with goods in the premisses. want to soak in a free flight. now i hear a mosque a this is violent unrest grips egypt as protesters demanding the president's immediate removal from office come face to face with his th

off as part of the government's ambitious target to privatized state owned companies ahead of troika dialog says that foreign investment into these private companies could help make moscow a global financial center you don't want to make good marks in the price today maybe the better. companies go with companies london or new york. but if you really have a long term to begin to be like confident are you going to. attract investors explain this in light make sense for them to come and buy. shares of the goldman wrote those companies in moscow. moscow has been touted as a potential future financial center by many analysts and investors but where winter is from master card worldwide says there's still much work to be done. well i think there's a tremendous amount of work that we need to be done there's infrastructure work that these freedoms there's there's a creating a more robust of domestic capital market and financial market which is what is underway in russia but not completely and of course there are lessons to be learned in terms of things to avoid along the way in terms of market dislo

well of course there was a lot of talk here in the in the hallways about this deal of troika dialog and it's burbank it was supposed to be an initial announcement of the deal at around nine thirty in moscow tying up a press conference given by standard bank because burbank and choi benchley was canceled saying that there's nothing on paper and will wait until the twentieth of february for a final agreement to be reached but there was a panel meeting here in the blue hole of the world trade center and what's being discussed today is where is investment in warsaw the risks we've heard to distinguish the economics of neural roubini and nassim taleb perform already with that with their speeches coming out now nouriel roubini mentioned that the global economy right now is like a glossy hall full and half empty because there's of course the risk of having a double dip is significant you know but still the leverage is very high for example and to talk more about risks let's now join scott beauty the managing director for financial institutions at standard post thank you so much scott for you f