OUR PARTNERS: ST. PETE’S BUSINESS CONTACTS CENTRE OPENS IN THE FINNISH CITY OF TURKU
More than 2 years have passed since the 1st St. Pete’s Business Contacts Centre opened in the Finnish city of Kotka. Today, the 2nd similar centre is opening in Turku. The chain is expanding: the BIZKON-Kotka is being added with BIZKON-Turku.
GAZPROM REAFFIRMS INTEREST IN PRESENCE ON CHINA'S GAS MARKET
Gazprom has reaffirmed interest in its presence on the Chinese gas market.
RUSSIAN COMPANIES PROMINENT IN DAMASCUS TRADE FAIR
Russian corporate performance in a trade fair finishing in Damascus today spectacularly promotes Russian-Syrian economic partnership, said Vladimir Zimin, Russian trade representative to Syria, as he was summing up the event for the media.
SLOWER SALE OF JEWELLERY ON WORLD DIAMOND MARKET DUE TO SLOWER ECONOMIC GROWTH RATES IN U.S.
The lowering sales volume of jewellery on the world diamond market in the first half of this year is due to the slower rates of economic growth in the United States, which is the world leader in the consumption of jewellery with diamonds. This viewpoint was voiced by experts from the Russian company Alrosa.
INTERNATIONAL INVESTMENT SYMPOSIUM ON DEVELOPING SOUTHERN RUSSIA
An international investment symposium on a special federal programme for the development of the Southern Federal District will be held in Moscow on December 5-8. This was revealed, as this correspondent reports, at a news conference on Friday by Viktor Krokhmal, deputy presidential envoy to the Southern Federal District.
CIS ECONOMIC COUNCIL DISCUSSES IMPORTANT ISSUES
The Economic Council of the Commonwealth of Independent States at its 9th session, held on Friday in Moscow, discussed 19 issues of major importance for interaction between CIS countries in various fields.
The Chairman of the Executive Committee and Executive Secretary of the CIS, Yuri Yarov, has told journalists that all issues on the session's agenda were approved by the participants.
RUSSIA TO BE EXCLUDED FROM BLACK LIST OF MONEY-LAUNDERING COUNTRIES
Russia will be crossed out from the black list of money laundering countries.
RUSSIAN AND CHINESE PRIME MINISTERS TO SIGN SOME ECONOMIC DOCUMENTS
A number of key economic documents are to be signed this Saturday following official negotiations by Russia's Prime Minister Mikhail Kasyanov and China's Prime Minister Zhu Rongji.
SITUATION ON RUSSIAN STOCK MARKET NOT TO EXPERIENCE ANY SIGNIFICANT CHANGES
The Russian stock market was rather calm over the last several days and no serious tendency could be seen. As a result of negative news from abroad, prices for some securities continued going down.
FINANCE MINISTRY THINKS CENTRAL BANK SHOULD ALLOW FREE TRANSACTIONS WITH RUSSIAN EUROBONDS
The Russian Finance Ministry thinks that the Central Bank should allow domestic banks to make free transactions with Russian eurobonds, Andrey Cherepanov, head of the ministry's foreign debt department, announced at the 3d national banking conference in Sochi today.
IMF MISSION TO RECOMMEND ITS BOARD TO RESUME UKRAINE'S FINANCING
The IMF mission which completed its work in Kiev on Friday, intends to recommend to its Board of Directors that Ukraine's crediting be resumed under the expanded financing programme.
CENTRAL BANK TO ISSUE BONDS AGAIN
The Central Bank of Russia will continue issuing bonds, First Deputy Chairman of the bank Tatyana Paramonova reported in an interview with journalists today.
GAZPROM ESTIMATED TO MAKE ABOUT $3.4BN IN PROFITS
According to analysts' forecasts, Gazprom's net profit will amount to at least RUR100bn (about $3.4bn) by the end of 2001, which is twice as much as compared to the previous year.
EXPERTS SAY RUSSIAN STOCK MARKET DOES NOT FALL DUE TO DEMAND FOR OIL SHARES
A plummet in the S&P; 500 and Nasdaq indices caused a fall in prices on the Russian stock market at the beginning of today's trade.
GOLD BID/ASK, RUSSIAN CENTRAL BANK
On September 7, the Russian Central Bank's bid for gold was fixed at 244.26 RUR/g, and the asking price at 259.76 RUR/g with a change of +0.3% as compared to the previous day.
ALROSA REPORTS ON ITS PRODUCTION VOLUMES IN FIRST HALF OF 2001
The ALROSA diamond cutting company produced rough diamonds worth $909.32m in the first half of 2001, which is 22.3% more compared to a similar period of time in 2000, source in the press service of the company reported to RosBusinessConsulting.
DELEGATES FROM RUSSIAN SOUTH TO GO TO TRADE-INDUSTRIAL FAIR IN SALONIKI
Delegates from the Stavropol Territory, Russia's south, who set off for Greece on Friday and other regional groups of industrialists and entrepreneurs will represent Russia's South federal district at the 66th international trade and industrial fair in Saloniki to be launched one of these days.
ALROSA REPORTS FALL IN NET PROFIT IN FIRST HALF OF 2001
The Russian diamond monopolist ALROSA reported its net profit dropped 15.7 per cent and reached 4.839bn rubles (about $164m) in the first half of 2001, the company's press service reported.
AEROFLOT AND AVIATION TRADE UNION SETTLE DISPUTE
Leading Russian airline Aeroflot and the Trade Union of aviation specialists signed an agreement on the settlement of the conflict between them.
CENTRAL BANK'S OFFICIAL CRITICIZES INSIGNIFICANT ROLE OF BANKS IN RUSSIAN ECONOMY
The Russian banking system does not play a significant role in the Russian economy, first deputy chairman of the Russian Central Bank Tatyana Paramonova announced at the 3d National banking conference in Sochi today.
THE GOVERNMENT WILL CONTINUE TO SUBSIDISE POOR REGIONS
The government will not abandon the policy of redistributing funds to support poor regions.
FUNDS ON NORTHERN OIL FIELDS DEVELOPMENT
The Severneft company invested more than 17.5 million dollars in the development of Val Gamburtsev fields.
200,000 STURGEON FRY RELEASED IN AMUR RIVER
200,000 fry of sturgeon, including great Siberain sturgeon, and over 2,000 adult fish of the type have been released in the Amur River by experts of the fish-farming division at the thermo-electric power plant of the city of Amur, Khabarovsk Region, Russian Far East. Adult fish were raised in ponds and were 1-2 kg in weight.
CENTRAL BANK SET TO TIGHTEN CONTROL OVER BANKING RISKS
The Russian Central Bank intends to focus on bank inspection, Central Bank First Deputy Chairman Tatiana Paramonova was quoted as saying at the 3rd National Banking Conference in Sochi today.
INDUSTRY AND SCIENCE MINISTRY CALLS ON URGENT ADOPTION OF BANKRUPTCY BILLS
The Russian Industry and Science Ministry insists on the soonest adoption of bills on financial rehabilitation of Russian enterprises in 2001.
TWO MORE COMMERCIAL LAUNCHES OF PROTON ROCKETS PLANNED IN 2001
Two commercial launches of Proton rockets are expected to be performed before the end of this year, the Khrunichev space center reported.
DIVERS RESUME WORKS ON KURSK'S FIRST COMPARTMENT AFTER REPLACING CABLE SAW
Having replaced the cable saw, deep-sea divers resumed their effort to cut off the first compartment of the Kursk submarine.
RUSSIA REMAINS ON BLACK-LIST OF FATF
A session of the international working group on money laundering also known as the Financial Action Task Force on Money Laundering (FATF) will complete its work in Paris today.
INTERNATIONAL CONFERENCE ON OIL EXPORTS FROM CASPIAN REGION OPENS IN MOSCOW ON SEPTEMBER 18
An international conference "Exports of oil and gas from the Caspian region via Russia" will be held in Moscow on September 18-19.
SELT (UNIFIED TRADING SESSION, CLOSING) AVERAGE-WEIGHTED EXCHANGE RATE - 29.432 RUR/USD
The high on today's deals amounted to 29.44 RUR/USD, the low was 29.4266 RUR/USD on the Electronic Trading System (SELT).