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2005-11-15, 16:09

RAO UES posts financial performance for January-September

The net consolidated profit of RAO UES under the Russian accounting standards declined by 23.5 percent to RUR13.7bn (approx. USD475.4m) from January through September 2005 compared to the same period of 2004, according to data in the company`s report.

2005-11-14, 22:03

Changes in government caused dollar rate growth

Dollar rate of exchange reacted on announcement about changes in Russian government and presidential administration. Today Russian exchange market concentrated on problems with liquidity and dynamics in pair euro/dollar. At moment when news agencies reported about personnel changes, dollar increased higher than $1.17 per euro which caused decrease of ruble rate to 28.855 per $1.

2005-11-13, 23:00

Uzbek president to visit Moscow

Moscow, November 13 - At the meeting in Moscow Vladimir Putin and Islam Karimov will sign an agreement about allied relations between Russia and Uzbekistan and the presidents will discuss a situation in the Central Asia.

2005-11-12, 18:26

Wages in state companies stop to grow

Minister of Finance Aleksey Kudrin suggests limiting of wages` growth in state companies. He is convinced that extra generosity in respect to officials spurs inflation.

2005-11-11, 16:37

Russian government approves 2006-`08 RRC investment program

MOSCOW, November 11 - The government has approved the Russian Railways Company (RRC) investment programme and financial plan for 2006 and for the period till 2008, Prime Minister Mikhail Fradkov announced at a Cabinet meeting.

2005-11-11, 11:10

Moscow’s Krushchev-era 5-story blocks to be replaced by 2010

MOSCOW, November 11 - Dilapidating standardized five-story apartment blocks that mushroomed in Moscow and other Soviet cities during the rule of Soviet leader Nikita Khrushchev as instruments of solving the knotty housing problem will be totally replaced by new houses by the year 2010, Moscow’s Deputy Mayor Vladimir Ressin told reporters Thursday.

2005-11-11, 11:03

Crab poaching can cause disappearance of species

VLADIVOSTOK, November 11 -- Russia’s Primorye region proposed to the State Duma to impose a five-year ban on crab fishing in Far Eastern seas in order to stop poaching and restore the reserves of the species, the press service of the regional administration told Tass on Friday.

2005-11-11, 09:41

Who wants to lead Russian motor-car factory?

The maker of the popular Lada cars, AvtoVAZ, has become a favorite of the stock market in recent weeks, with its stock up by more than 44 percent on both of Moscow`s main exchanges after the company`s long-serving board chairman, Vladimir Kadannikov, resigned late last month.

2005-11-11, 09:10

Ford Motor`s employees to stage strike

The so-called Italian strike - when workers do not leave their working places even if bosses order them to do so - is scheduled for this week if last Wednesday`s action fails.