Vnesheconombank Chairman V.A. Dmitriev Made a Presentation of Bank for Development at a Session of the Council under the Russian President’s Plenipotentiary Representative in the Central Federal District.

21 december 2007 года
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INTERFAX-AFI
Moscow December 21.

VEB intends to carry out projects worth 2 trillion rubles in 2008

Moscow. December 21. INTERFAX-AFI  - State Corporation ‘Bank for Development and Foreign Economic Affairs’ (Vnesheconombank, VEB) intends to carry out projects worth 2 trillion rubles in 2008, said Vnesheconombank Chairman Vladimir Dmitriev speaking at a session of the Council under the Russian President’s Plenipotentiary Representative in the Central Federal District on Friday. “Using the Bank’s resource base and raised capital we can fulfill 30% of the task of raising investments in the country’s economy,” he said.

On his part, the Russian President’s Plenipotentiary Representative in the Central Federal District Georgi Poltavchenko offered regions incorporated in the Central Federal District to form together with Vnesheconombank a package of regional and interregional investment projects, above all, in the field of infrastructure, with these projects being carried out on the basis of co-financing and public private partnership.

 

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Vnesheconombank and OJSC Hydro OGK Sign Agreement

20 december 2007 года
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Today on December 20, State Corporation ‘Bank for Development and Foreign Economic Affairs )Vnesheconombank)’ and the Federal Hydrogeneration Company (OJSC Hydro OGK) entered into a Memorandum on Cooperation in Carrying out Investment Projects.

The Memorandum was signed by Vnesheconombank Chairman Vladimir Dmitriev and OJSC Hydro OGK Management Board Chairman Vyacheslav Sinygin.

Under the Memorandum the two sides are determined to jointly participate in carrying investment projects aimed at ensuring the development of sustainable electric power production on the basis of renewable sources of energy.

Within their cooperation the two sides are considering the following projects:

  • projects to build territorial energy-industrial clusters (a series of hydroelectric stations on the river Vitim, Southern Yakut hydro-energy complex, the Bureisk hydroelectric station, and the Nizhne-Bureisk hydroelectric station, the Nizne-Zeisk hydroelectric station, the Ust-Srendnekansk hydroelectric station, the Boguchan hydroelectric station, the Motyginsk hydroelectric station;
  • projects to develop hydro accumulation power stations including the Zagorsk hydro accumulation power station-2, the Leningrad hydro accumulation power station;
  • general system projects: the construction of the Evenk hydroelectric station, the Nizhne-Kureisk hydroelectric station.

Under the Memorandum Vnesheconombank intends to make financial examination of projects and participate in working out schemes for financing projects as well as act as an  arranger and /or co-arranger of their financing in accordance with the Bank’s business principles established by the Memorandum of the state corporation’s financial activity.

Regarding Vnesheconombank as its strategical partner OJSC Hydro OGK is determined to carry out projects (including working out project estimate documentation) in accordance with the Regulations of OJSC Hydro OGK’s investment activity giving high priority to meeting environmental standards.

In their desire to cooperate the two sides took into cons ideation that the said projects were of strategic importance for developing energy infrastructure of the Russian Federation and Vnesheconombank’s participations in them is in line with the state corporation’s financial policy in accordance with which the implementation of projects aimed at developing energy infrastructure is one of Vnesheconombank’s main lines of business.

 

Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: +7 (495) 608-46-93, Fax: +7 (495) 975-21-34
E-mail: press@veb.ru

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Credit Extended to Belvnesheconombank

14 december 2007 года
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Today on December14, in the course of Russian President Vladimir Putin’s visit to Belarus, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and OJSC Belvnesheconombank signed an Agreement on Extending Subordinated Credit to the Belarussian Bank in the amount of 30 million dollars.

The Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and Belvnesheconombank Management Board Chairman Georgi Egorov.

The credit is designed to increase Belvnesheconombank’s lending resources to finance Belarussian companies purchasing goods and services in the Russian Federation.

Vnesheconombank owns OJSC Belvnesheconombank’s controlling stake in the amount of 53.56%.

 

Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: +7 (495) 608-46-93, Fax: +7 (495) 975-21-34
E-mail: press@veb.ru

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Vnesheconombank Deputy Chairman N. Kosov Was Awarded Russia-UNESCO Medal

13 december 2007 года
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Today on December 13, Vnesheconombank First Deputy Chairman N. Kosov was awarded the Russia-UNESCO medal.

The medal was awarded to Mr. Kosov for his great contribution to strengthening relations between the Russian Federation and the United Nations Educational, Scientific and Cultural Organization and for participating in a number of projects of the Russian Commission for UNESCO Affairs. Russian Foreign Minister Sergei Lavrov presented Vnesheconombank First Deputy Chairman N. Kosov with the medal.

The awarding ceremony was held in the course of the Russian Commission for UNESCO Affairs General Meeting.

 

 

Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: +7 9495) 608-46-93, Fax: +7 (495) 975-21-34
E-mail: press@veb.ru

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Consolidating Hungarian-Russian Air Bridge

7 december 2007 года
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MALEV, AIR UNION, SUKHOI AND VNESHECONOMBANK ENTER INTO QUADRILATERAL AGREEMENT ON COOPERATION

 

Main participants in the field of air transportation believed to be one of the most important sector in the Hungarian-Russian economic relations (Hungarian CJSC Malev, Russia’s AirUnion, CJSC Sukhoi Civil Aircraft and Vnesheconombank) entered into an Agreement on Cooperation for a period of five years which is to be signed on December 7 in the course of intergovernmental Hungarian-Russian consultations in the presence of the Hungarian and the Russian Prime Ministers.

The Hungarian National Airline believes that a guarantee of its stable operation, mid and long-term activity on the market is its membership in Oneworld Alliance and its expansion to the Russian market. The dynamically increasing potential of the Russian market for many years to come opens up the opportunities for constant expansion and growth. Malev is keen to put its large-scale plans into effect through cooperation with key participants in the Russian air transportation market such as Air Union, the second largest company in Russia and the Sukhoi aviation plant.

Through its cooperation with Air Union, apart from the existing direct destinations in Russia, Malev has plans to significantly increase the number of its routes to Russia in part by opening new direct flights by way of cooperating with Russian partner airlines. This will make it possible for Malev passengers to fly from Budapest to large Russian cities with one change of plane at the maximum.

Potential opportunities for joint cooperation between Russian travel agencies, which are of common interest to owners of Malev Air Tours and Air Union, are waiting the right moment and this could dramatically increase the number of wealthy tourists traveling to Hungary.

The Sukhoi Company, an integrator of the project to create the Russian new Sukhoi Superjet 100, is a unique participant in the global aviation market. Italian Alenia Aeronautica, the Sukhoi Company’s strategic partner, has plans to purchase 25% +1 share stake in the authorized capital of the Sukhoi Company’s subsidiary – CJSC Sukhoi Civil Aircraft. In summer 2007, Alenia Aeronautica and the Sukhoi Company established a joint venture, which will be responsible for selling Sukhoi Superjets 100 on the developed markets and for after-sale service of planes throughout the world. International Company Boeing participated in implementing the Sukhoi Company’s program, Boeing provides comprehensive consulting services for the project carried out by Snecma, which cooperates with Saturn Research Production Association in building an engine for the family of Sukhoi Superjets 100. Malev Airline is exploring the possibilities for purchasing new Sukhoi Superjets manufactured by the Sukhoi Company as a possible way of expanding its park of regional jets and establishing commercial cooperation aimed at carrying out maintenance of aircraft of this type.

Aircraft construction is one of Vnesheconombank’s industrial priorities in its investment activity for 2007-2010, that is why it will explore the possibilities for raising funds to finance projects listed in the Agreement signed by the four sides. Upon making a decision, Vnesheconombank will be guided by Russian applicable legislation and the Memorandum of Vnesheconombank’s Financial Policy.

The Quadrilateral Agreement made by the Sukhoi Company, Russian State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’, Air Union and Malev forms the basis for implementing these large-scale plans. The Agreement aims to raise funds to finance projects and promote strategic cooperation between the interested parties. The main lines of cooperation are for Vnesheconombank to finance the production of Sukhoi Superjets 100 as well as finance the sales of jets to Air Union.

Implementation of specific projects within the Agreement is to be regulated by making separate agreements between the four sides.

More detailed information:

Malev
Kriszta Nemeth, Public Relations Manager
Phone: +36-1-235-3331
Mobile: +36-20-555-4150
e-mail: nemeth.kriszta@malev.hu

Sukhoi
Ekaterina Byushgens, Head of Public Relations Department
Phone: + 7 495 727 1988 etx. 2042
Mobile phone: +7 916 2205902
e-mail: E_Byushgens@scac.ru

AiRUnion
Yulia Bagrysheva, Press Secretary
Phone: +7 (495) 411-87-18 etx. 34-75
Mobile phone: +7 (903) 676-72-31
e-mail: YBagrysheva@krasair.ru

Vnesheconombank
Svetlana Nikitina, Press Secretary
Phone: +7(495) 608-46-93
Mobile phone: +7(495) 999-71-41
е-mail: press@veb.ru
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