10:40RusHydro shares included on MSCI index
Inclusion of RusHydro shares on an MSCI index should benefit quotations for the company's shares. The company's worse-than-expected performance in 1H 2008 is unlikely to seriously impact its operations in the long term.
10:35AirUnion to undergo economic restoration
Russian state corporation Rostekhnologii has launched a process to economically rehabilitate the companies incorporated into the AirUnion alliance, whose core asset is the KrasAir airline company. We are upbeat on Rostekhnologii's willingness to boost the business efficiency of AirUnion member companies. However, we believe that the process may take longer than expected due to the complicated industry environment.
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