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2005-12-23, 13:33

Russian bank to reduce refinancing rate

Committee of Central bank directors decided to reduce the refinancing rate to 12% per annum. This was informed by department of Foreign and Public relationships of Russian bank.

2005-12-23, 11:19

"Gazprom" starts new ADR program

"Gazprom" company intends to start new ADR program at the rate of 40% from authorized capital stock in first quarter or first half of 2006.

2005-12-22, 13:26

Chubais promises to build dozens of new power plants in Russia

Unified Energy System CEO Anatoly Chubais promises to build dozens of new power plants in Russia. He declared it on Tuesday at the ceremony, dedicated to the start of constructing the third power unit for the Heat and power plant-27 Moscow power utility Mosenergo.

2005-12-22, 11:25

AvtoVAS changes the Board of directors

On Wednesday at the special extraordinary general meeting of JSC "AvtoVAS" the Board of directors was retired and the new one elected, which also constitutes of 12 people.

2005-12-21, 06:23

Russia transferred 235 millions rubles to Ukraine for Fleet

235 millions rubles from Russian budget will be spent on financing of social development programs in Ukrainian settlements, where military units of Black Sea Fleet are located. This sum also includes refund of charges from local budgets, connected with realization of Black Sea Fleet servicemen`s and members` of their family equal with Ukrainian citizens right for education in local educational institutions, health protection and other social services.

2005-12-19, 14:52

Yekhanurov comes to Moscow for gas talks

Ukrainian Prime Minister Yury Yekhanurov arrived in Moscow on talks concerning power supply. The question of gas supply is to be discussed at the meeting between Yury Yekhanurov and Russian Prime Minister Mikhail Fradkov. Gazprom representatives has already declared that the price of gas will not be fixed in 2006. The price formula for future supplies is to correspond to the similar European price formulas. Thus, price of gas for Ukraine will depend on price of oil and oil products at European markets. Gazprom officials notes, that this type of price formation is an absolutely transparent mechanism, independent of initiatives and offers of the gas company.

2005-12-18, 08:26

High inflation - result of games with oil-dollars

Extremely high inflation this year is the result of excessive spending of oil-dollars, informed minister of finances Aleksey Kudrin. "Inflation level of 11% means that we spent lots of oil money in Russia", - said Kudrin, noting that in other oil-producing countries inflation is less than 3-4%.

2005-12-17, 09:25

Putin: connection between natural gas and future of CIS

Russian president Vladimir Putin confirmed that future of Commonwealth of Independent States depends on Russian gas supplies. But at that he made a reservation that this future doesn`t depend on gas prices.

2005-12-16, 06:56

Amount of gold mining in Chukotka increased

For 11 months of year 2005 about 4378 kilograms of gold have been mined. This is 125 kilograms more comparing with the same period of 2004, informed press-service of regional government.

2005-12-15, 21:57

Georgia blocks Russian banks accounts

Russian commercial banks accounts will be blocked at the beginning of 2006 in Georgia, informed President of National Bank of Georgia Roman Gotsiridze. "All Russian banks, operating on the territory of Abkhazia, will be declared, so to say, non grata, their accounts will be blocked", noted Gotsiridze.

2005-12-15, 12:31

Altai to become dump for Ruscosmos

Administration of Altaisky krai permitted Ruscosmos to use territory of krai as area for failure of used space rockets, launched from "Baikanur" cosmodrome.