29.10.2004 - Alaska is interested in the increase of tourist flow to Chukotka
Alaska is interested in the increase of tourist flow to Chukotka, representatives of the state’s authorities said at the Russian-U.S. conference Days of Beringia. This is highly important for the City Hall of Nome (Alaska), said Leonid Nikolayev, head of Chukotka’s department for youth, sports and tourism affairs.
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28.10.2004 - Russia still opposes opening of foreign banks’ offices
Russia is still against the opening of offices of foreign banks in its territory, Russian Economic Development and Trade Minister German Gref declared at an investment conference. "We suggest that foreign banks incorporate subsidiaries, as otherwise, we would face huge problems with maintaining a due level of regulation," the minister remarked.
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28.10.2004 - Inflation in Russia likely to exceed the planned 10 pct
Russia’s Deputy Prime Minister Alexander Zhukov told a conference here on Wednesday that this year’s inflation rate "will, most likely, exceed the planned 10 percent".
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27.10.2004 - Most state enterprises to be privatized by 2007
By 2007 the state will own only enterprises that are not allowed to be privatized such as defense enterprises and infrastructure facilities of federal importance, Russian Deputy Prime Minister Alexander Kudrin declared at an investment conference today. He said that the government was planning to sell most state enterprises in the near future.
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26.10.2004 - Gazprom to cooperate with India
Gazprom and the Indian state-owned company GAIL are planning to sign a cooperation agreement. According to the press service of the Russian gas holding, Gazprom head Alexey Miller met with Indian Petroleum & Natural Gas Minister Mani Shankar Aiyar and GAIL Managing Director Proshanto Banerjee in Moscow today.
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26.10.2004 - ConocoPhillips will be able to control 10 percent of the entire LUKOil stock before the year is out
As I see it, ConocoPhillips is buying these shares rather calmly and without any haste whatsoever. LUKOil shares are worth $3 billion on the stock market each month; that’s why no one will notice the purchase of another 2.4 percent, Mr. Fedun told Vedomosti.
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24.10.2004 - Central Bank stops supporting dollar
The weighted average dollar exchange rate was 29 RUR/USD in the first 90 minutes of trade at a special session today. Thus, the official dollar rate for October 23-25 will decrease by RUR0.12. This is the most considerable one-day drop of the dollar against the ruble since late April. The low on the deals was even 28.95 RUR/USD at the UTS.
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24.10.2004 - Russia customs bodies transfer daily $158 mln to state budget
The share of customs payments in the tax component of the federal budget has reached 43.5 percent. The customs bodies transfer 158 million U.S. dollars to the budget every day, Prime-Tass economic news agency reports, quoting a source at the Russian Federal Customs Service on the eve of its professional day. Russia marks Customs Officers Day on October 25.
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23.10.2004 - Gazprom is considering the possibility of exporting gas to Spain, a press release from the company reads
The prospects of the Russian gas shipments to Spain were discussed during a meeting between Gazprom CEO Alexei Miller and the president of the Spanish Repsol YPF, Alfonso Cortina.
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23.10.2004 - Danone to invest 15 mln euros in Russian Actimel production
France’s Danone group plans to begin making its probiotic (using microorganisms for health benefits) fermented milk beverage Actimel in Russia, investing 15 million euros in the project.
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