"Deloviye Lyudi", Yury Rovensky's column
June 23, 2003

Will President become our capitalissimo?

Corporate Russia has finally made serious efforts to raise its capitalization.

The Russian stock market is showing excellent results. The first signs of the long-awaited process of market diversification have emerged. For example, one of the results of the IPO by RBC, representing the sectors of mass media and informational technologies, was the emergence of a new segment at Russian stock exchanges, which is attractive to investors. In the first quarter of this year, RBC's shares were among the leaders of market growth, and their price increased by over 50 percent during just 1.5 months. Therefore, the market has been growing both quantitatively and qualitatively.