OREANDA-NEWS. October 11, 2010. Veles Capital released daily market review:

Standing order on credit policy of FNC. Board of directors of FNC approved the standing order of the credit policy on September 29. According to FNC before the year 2014 the volume of borrowings approximately to 300 bn RUR, at the same time the estimate of debt load – debt/EBITDA – will not be exceeding the target value of 2.

Rostelecom: half year results. Sales of Rostelecom within 1H 2010 by IAS formed 30 bn RUR, which is 9% lower than the similar estimate a year ago. OIBDA grew by 1% to 5.8 bn RUR. Net profit upped by approximately one third to the level of 1.9 bn RUR.