The budget for the St. Petersburg International Economic Forum has been slashed by 25% and, for the first time, foreign companies will be invited to act as sponsors. Despite suggestions that payouts should be cut, Rosneft will increase its 2008 dividend by 20%. Deripaska’s van maker LDV has, as predicted, filed for bankruptcy. GAZ car manufacturing plant will suspend production for one week in May. Russian silver producer Polymetal, in collaboration with a group of Russian investors, has reportedly bought Highland Gold Mining’s Maiskoye gold deposit for $105 million. Chelyabinsk Zinc Plant has announced losses of $105 million last year. Russia’s top cellphone provider MTS and its foreign creditors have agreed on an extension for paying back a $630 million loan. Russia’s land line company Comstar has offered to buy Synterra for $850 million in equity and cash. Viktor Vekselberg has said that Rusal may sell its stake in Norilsk Nickel to pay back a $4.5 billion loan to VEB. Services company AKA Sistema has reported a drop of 96% on last year’s profits. An article in the Telegraph says that Bernard Madoff-style financial scams are luring in thousands of victims in Russia.