The head of "Rosnanotech", Mr. Leonid Melamed, has announced the plans of the state corporation for 2008. The partnership, which received 132 billion dollars from the state at the end of 2007, will limit its income resources to the placement of its assets in financial instruments and will open its office not earlier than in 2009. The profitability of these investments will come up to 3.78% per annum and it is already clear that these resources will first of all go to the banks.
As per Mr. Melamed, the state corporation has no plans as for the financing of the projects in the area of nanotechnologies up to summer 2008, since it is only in April - may 2008 that the corporation will get its first pilot contracts, which will play a supportive role. "I reckon we may start financing the projects already in the second half of the year", - said Mr. Melamed. He will also present the long waited profit of the corporation for 2008. As per his comments, the sum will come up to around 5 billion roubles and will consist of resources earned by means of temporary placement of corporation's free assets. The corporation has absolutely no plans regarding any other kind of income. Its expenditure will only be connected with its current activities, including the resources which will need to be used for the organization of the nanotechnological forum in October-November. "Rosnanotech" is planning to start building its own office in 2009 only.
Taking into account that in 2007 almost all of the companies assets could be considered as "temporarily free", the profitability of their placements will amount to 3.78% per annum. This rate corresponds with the profitability of asset placement of the stability fund in 2007 (around 4% per annum), just slightly higher than the current deposit rate of the Central Bank with 1 week term (3.5% per annum) and considerably lower than interbanking credit with month term - yesterday Mosprime's rate was 5.97%. As per Mr. Melamed, "Rosnanotech" before placing its assets, it must first wait for the Russian government to issue a special order which should be ready "any time now."