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2005-11-08, 08:53

Retail prices for drugs up 23% in Russia since January

MOSCOW. Nov 8 - Retail pries for drugs have risen by 23% since the beginning of 2005, Health and Social Development Minister Mikhail Zurabov told Prime Minister Mikhail Fradkov during Monday`s discussion of social welfare issues.

2005-11-08, 07:29

Rights abuses in Belarus

BRUSSELS, November 8 - The foreign ministers of the European Union`s 25 member states expressed concern over ongoing human rights abuses in Belarus as they met in Brussels Monday.

2005-11-07, 14:57

2005 inflation could be 11-11.5% - Economic Minister Gref

The annual inflation rate in Russia for 2005 could be 11-11.5%, Economic Development and Trade Minister German Gref said Monday. The minister said inflation grew 0.6% in October, whereas inflation in the first ten months of the year was down 0.1% at 9.2% in comparison with 2004.

2005-11-05, 08:44

Vneshtorgbank bond issue disappoints analysts

Vneshtorgbank, Russia’s second largest bank, issued a record bond issue of RUR 15 billion at an interest rate of 6.2 percent per annum. An effective yield on the bonds is 6.35 percent.

2005-11-05, 07:58

Ukraine Says No to Poultry

Ukraine experienced a significant price decrease as for poultry products in October, e. g. one may notice a drop in prices by 1,7-22,4% (that is about 11,04-14,50 grivnas per kg) in 22 Ukrainian regions.

2005-11-04, 22:58

Russian sugar producers change to beet

Russian sugar producers have found the way to decrease its prime cost by 15%. They are going to change import stuff sugar-beet and they will cultivate it on their own.

2005-11-04, 20:02

Auction selling Ternopol airport fails in Ukraine

LVOV, November 4 - An auction selling the Ternopol airport was not held in Ukraine on Friday, as not a single bid had been made, press secretary of the regional department of the Ukrainian State Property Fund Larisa Shumilo told Itar-Tass.

2005-11-04, 18:53

Volcker Report Puts Russia at Top in Iraq Wrongdoing

Culminating 18 months of intense and often controversial investigations into allegations of corruption involving the Oil for Food program in Saddam Hussein`s Iraq, the UN`s Independent Inquiry Committee presented its report last week revealing how Russian companies topped a list of 2,500 that paid illegal surcharges and kickbacks to Hussein for the privilege of siphoning off his oil.

2005-11-04, 14:56

Mittal Steel managers meet Kryvorizhstal workers

KIEV, November 4 - Managers of Germany`s Mittal Steel company that recently won an auction for Kryvorizhstal, have visited the Ukrainian steel giant and met with its workers, the German company said Friday.

2005-11-03, 20:04

Uralsvyazinform registers $175 million bond issue

MOSCOW, November 3 - The Federal Financial Markets Service of Russia (FFMS) said Thursday that it has registered two bond issues of Uralsvyazinform worth 5 billion rubles (about $175 million).

2005-11-03, 17:06

Russia and EU sign steel trade agreement

Russia and the European Union have signed a trade agreement for certain kinds of steel today, the press service of the European Mission in Russia said.

2005-11-03, 16:58

Golden Telecom`s profit up 22% in 9M05

MOSCOW, November 3 - Golden Telecom, Inc. ("GLDN"), a leading facilities-based provider of integrated telecommunications and Internet services in major cities in Russia and the CIS, said Thursday its net income under U.S. GAAP in 9M05 totaled $58.2 million, a 22% increase year on year.

2005-11-03, 08:45

Mortgages set to rise by 2008

The amount of mortgages will increase 7.6-fold by 2008 compared with 2004, to RUR 151 billion (about $5.3 billion) according to the "Affordable and Comfortable Housing for Russians" project, Yuri Tyrtyshov, deputy head of Russia’s federal agency for construction and housing and communal services, said at a conference on Wednesday.