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October 31, 2003
Alfa Group Consortium

Alfa Bank Express Receives National “Brand of the Year” Award in Russia

Alfa Bank, Russia's largest private bank, has been honored with a Gold Award for its notable results in aggressive PR and Branding campaign in 2003. This is Alfa Bank's second consecutive "Brand of the Year Award." The results of the campaign to launch the new retail network of Alfa Bank show...

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October 27, 2003
Alfa Group Consortium

BP Intends to Improve Growth Forecast for TNK-BP

On October 16, the UK-based BP Plc is expected to announce increase in forecasted growth rate for its Russian joint venture set up with Tyumen Oil Company this year, according to The Financial Times. BP's CEO, Lord Brown, is going to announce that production in TNK-BP will rise by 14% this year...

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October 24, 2003
Alfa Group Consortium

VimpelCom shareholders overwhelmingly approve merger of VimpelCom and VimpelCom-Region

As announced on August 28, 2003, VimpelCom's shareholders were asked to approve the merger of VimpelCom and VimpelCom-R and the related issuance of 10,948,821 new VimpelCom common shares (the equivalent of 14,598,428 ADSs) in exchange for the 44.7% stake in VimpelCom-R that is currently owned...

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October 24, 2003
Alfa Group Consortium

Should Russia Price Its Oil in Euros?

The U. S. government would like to see the dollar weaker against the currencies of its major trading partners in order to try and stimulate manufacturing sector growth and to reverse the bulging trade deficit. This is part of a package of strategies that the Bush administration is using to try...

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October 22, 2003
Alfa Group Consortium

BP Forecasts Production Growth in the Russian Oil Company

BP is expected to surprise analysts tomorrow by its statement that it predicts a more successful growth rate, than forecasted for its Russian JV established earlier this year with TNK and resulting in Russia's third largest oil company. BP's CEO Lord Browne is also expected to announce TNK-BP's...

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