18:27
GAZPROM (MSE, TRADE SESSION RESULTS), CLOSING - RUR13.20
The low on deals amounted to RUR13.02, the high was RUR14.498 during today's trade session on the Moscow Stock Exchange. More details...

18:21
VNESHEKONOMBANK DISCUSSES UNPAID LOAN GRANTED TO ORT TV WITH GOVERNMENT
Vneshekonombank (VEB) is currently holding consultations with the Russian government on resolving the problem of the unpaid $100 million loan granted to the ORT television by this bank. More details...

17:32
NAFTA-MOSKVA, MILLHOUSE CAPITAL, SIBAL REACH AGREEMENT TO BUY AVTOBANK AND INGOSSTRAKH
The Nafta-Moskva Oil Company, Millhouse Capital, and the Sibal Investment and Industrial Group have announced the signing of an equal partnership agreement on acquisition of Avtobank, the Ingosstrakh insurance company as well as the Nosta company and other industrial assets of this group. More details...

16:01
TATNEFT MAKES COUPON PAYMENTS ON ITS EUROBONDS
The Russian oil company Tatneft made another coupon payment on its five-year eurobonds worth $13.5 million, the company's press service reported. More details...

15:50
ALFA-BANK WORKS OUT NEW CONCEPT OF RETAIL OPERATIONS
Alfa-Bank is working out a new concept for its retail operations, Yevgeny Bernshtam, first deputy chairman of the Alfa-Bank Executive Board, said at the conference 'Securities Market Forum: Corporate Development.' More details...

14:40
VOLUME OF BLACK IMPORT OF CARS TO RUSSIA EXPECTED TO REACH 15% NEXT YEAR
The volume of illegal exports of cars to Russia will be about 15 per cent in 2002, chairman of the State Customs Committee Mikhail Vanin announced at a press conference in Moscow today. More details...

14:14
SIBNEFT ENTRUSTS ITS SHARES TO MILLHOUSE CAPITAL
A group of investors who are the major shareholders in the Sibneft oil company has entrusted the management of stocks in the largest Russian companies to Millhouse Capital. More details...

13:31
MOSCOW ARBITRATION COURT DECLARES MOST-BANK INSOLVENT
The Moscow Arbitration Court has declared Most-Bank insolvent. More details...

11:58
RUSSIAN COMPANIES MAY FACE INCREASING FOREIGN COMPETITION
Russian companies should now get ready for an increase in foreign competition, which the economy of Russia will begin to face at a higher level soon, Deputy Economic Development Minister Arkady Dvorkovich said a conference on corporate development today. More details...

10:37
EBRD, RUSSIA IN TALKS ON SELLING VNESHTORGBANK STAKE
The European Bank for Reconstruction and Development and Russia are in talks on the EBRD buying a stake in the country's second biggest bank, Vneshtorgbank, a government official said on Tuesday. More details...

09:29
RUSSIAN SIBNEFT DEFENDS STAKE SALE
Russia's sixth-largest oil producer Sibneft made a profit by reselling a 27 percent treasury stake back to the company's core shareholders, a deal benefiting all its shareholders, company officials said on Tuesday. More details...

15:21
RUSSIAN MANNED SPACECRAFT SOYUZ TM-33 SUCCESSFULLY LAUNCHED FROM BAIKONUR LAUNCH SITE
At 1:00 p.m., Moscow time, Sunday, the Russian manned Soyuz TM-33 spacecraft with an international crew onboard was successfully launched from the Baikonur launch site. The crew comprised the Russian spacecraft commander Viktov Afanasyev, Russian flight engineer Konstantin Kozeyev, and French astronaut and researcher Claudie Andre-Haignere. More details...

18:20
GAZPROM (MSE, TRADE SESSION RESULTS), CLOSING - RUR13.298
The low on deals amounted to RUR13.127, the high was RUR13.298 during today's trade session on the Moscow Stock Exchange. More details...

17:55
YUKOS PAYS OFF $200M IN INTERIM DIVIDENDS
The Yukos board of directors decided to pay an interim dividend of 2.64 rubles per common share. According to the company's press service, the total amount of dividends will be about RUR5.9bn (about $200m). More details...

17:53
ARBITRATION COURT REFUSES TO RECONSIDER CONCILIATION AGREEMENT BETWEEN SBS-AGRO BANK AND ITS CREDITORS
The Moscow Arbitration Court rejected appeals of two individuals about a possible reconsideration of the conciliation agreement between the SBS-Agro bank and its creditors. More details...

17:50
MINOR SHAREHOLDERS TO CONTROL 5-10% SHARES IN TNK AFTER SWAP DEAL
Minor shareholders will control 5-10% of the shares in Tyumen Oil Company (TNK) following the transition to a single share type in accordance with a new plan, TNK Vice President Iosif Bakaleinik said at a news conference in Moscow today. More details...

17:34
COMMERZBANK PREDICTS BRIGHT FUTURE FOR CONVERTIBLE BONDS
Convertible bonds will become the most attractive instruments on international financial markets in 2002 and 2003, Dominic Huse, head of the Commerzbank's emerging markets department, said at a round table meeting on the attraction of foreign capitals to the Russian economy. More details...

17:31
INTERROS INTENDS TO SELL ITS STAKE IN RUSIA-PETROLEUM
The Tyumen oil company (TNK), Gaprom and RUSIA-Petroleum received no proposal from the Interros holding to purchase its stake in RUSIA-Petroleum, officials of the above mentioned companies reported to RosBusinessConsulting. More details...

17:11
SURGUTNEFTEGAZ TO PRODUCE 47M TONS OF OIL IN 2002
The Surgutneftegaz company will reach the level of production of 47 million tons of oil a year in 2002, and the volume of gas production will amount to 12 billion cubic meters. More details...

14:54
TATNEFT EXPLORES OIL FIELDS IN IRAQ AND IRAN
Tatneft is implementing two large projects in Iraq, where the company is to drill 78 bore-holes, of which 45 are to be drilled in accordance with a contract with the Zarubezhneft company, the Tatneft Press Service reports. More details...

14:20
AEROFLOT APPROVES PROGRAM ON IMPROVING FLIGHT SECURITY
The board of directors of the Russian leading airline Aeroflot has approved a program on improving flight security, a source in the pubic relations department reported to journalist. More details...

13:35
NORILSK NICKEL'S BOARD APPOINTS EXECUTIVE OFFICERS
The board of directors of Norilsk Nickel Mining Company has appointed the company's executive officers, the press service of Norilsk Nickel reported. More details...

13:25
ROSNEFT PLANS TO DOUBLE CAPITALIZATION WITHIN 2 YEARS
Rosneft Oil Company plans to increase its capitalization by 2-3 times within two years, Olga Tankova, deputy general director of the Rosneft-Perspektiva company told RBC. More details...

11:21
TV AND RADIO BROADCASTING INTERRUPTED IN PRIMORYE REGION
The Dalenergo energy company switched off electricity in the Primorye regional radio and television center (KRTPTs) today. More details...

10:59
YUKOS BOARD OF DIRECTORS TO CONSIDER PAYMENT OF INTERIM DIVIDENDS
A meeting of the Board of Directors of the YUKOS Oil Company will be held today. More details...

18:13
GAZPROM (MSE, TRADE SESSION RESULTS), CLOSING - RUR13.39
The low on deals amounted to RUR13.15, the high was RUR13.59 during today's trade session on the Moscow Stock Exchange. More details...

16:41
YUKOS TO RAISE STAKE IN BRITISH-NORWEGIAN GROUP
Russian oil group Yukos said on Tuesday it has bid for a further 12.9 percent stake in Anglo-Norwegian engineering group Kvaerner, which would make it the biggest shareholder with 25 percent. More details...

16:01
67% OF SURVEYED RUSSIAN COMPANIES INTEND TO INCREASE INVESTMENTS IN E-COMMERCE
Executives of 67% of surveyed Russian companies plan to increase their investments in e-commerce within a year. This conclusion is suggested in a survey conducted by the Accenture company. More details...

14:34
SBERBANK GIVES 15M-DOLLAR CREDIT TO GOLD PRODUCING COMPANY
Russian Sberbank signed a 15m-dollar credit agreement with the Pokrovsky Rudnik gold producing company (the Amur region). More details...

14:33
ROSSPIRTPROM COMPANY SUGGESTS REDUCING NUMBER OF ALCOHOL PLANTS
The Rosspirtprom state company suggests that the number of alcohol plants in Russia should be reduced by 5 times, and 100% of the excise tax should be collected for alcohol instead of alcohol products. More details...