2010

The ceremony honouring the winners of the Oleg Deripaska scholarship was held at Kuban State University. A total of 37 students majoring in science had taken part in the scholarship contest. The scholarship program is yet another step for the partnership between the Volnoe Delo Foundation and Kuban State University.

Oleg Deripaska in his op-ed in The Times explains why he believes that it is businesses and their large-scale cross-border co-operation in hydropower generation and other renewable energy projects will deliver progress on the ground in fighting climate change.

Rasperia Trading Ltd., a part of Basic Element diversified industrial group, exercised the call option for 17% stake in STRABAG SE, Central and Eastern Europe's construction market leader, on 30 November 2010. With the 17% stake Rasperia remains a full-fledged member of the syndicate on the basis of the existing shareholder agreement with Haselsteiner Group and Raiffeisen/UNIQA Group.

Mikhail Volkov, Basic Element financial services director and vice chairman of the Board of Directors of OJSC Ingosstrakh, spoke to the leading western media outlets, commenting on the prospects of the Russian insurance market and new Ingosstrakh projects.

Basic Element views infrastructure projects as an obvious source of growth for the Russian economy and one of our own priority investment fields, Alexander Lukin, Basic Element's Chief Financial Officer, said at the Congress.