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. Last Updated: 07/27/2016

Business in Brief

City Budget in Force

The Moscow Times

The city of Moscow’s 185.4 billion ruble ($6.5 billion) budget for 2001 officially became law Thursday when it was published by City Hall, Interfax reported.

Mayor Yury Luzhkov approved the budget last week after it was passed unanimously by the City Duma.

Revenues in the 2001 budget are forecast to hit 194.8 billion rubles, for a projected surplus of 9.4 billion rubles.

Big-ticket items include housing and communal services, which account for 21 percent of the spending bill, while just over 10 percent will go toward education.

Also, a little less than 10 percent is earmarked for health care; 4.5 percent for transportation and communication; 3.3 percent for energy and construction; and 1.1 percent for law enforcement.

Rougly 22 percent of the entire budget is slated for servicing foreign and domestic debt.




Georgia Gets Gas

The Associated Press

TBILISI, Georgia — Russia on Thursday resumed natural gas supplies to an electricity-generating plant in Tbilisi after a three-day break in service, Georgia’s fuel and gas minister said.

Russian engineers switched off gas supplies to Tbilisi’s main power plant on Jan. 1, bringing additional hours of electricity blackouts to the city. Georgia’s Foreign Ministry said Wednesday that the shut-off came despite the Georgian side’s prepayment for January shipments.

Georgian Fuel and Gas Minister David Mirtskhulava said Thursday that he had negotiated a resumption of supplies with Itera, a U.S.-based company affiliated with Russia’s natural gas monopoly Gazprom. Gas was pumped to Tbilisi beginning early Thursday, Mirtskhulava said in a telephone interview from Moscow, where the negotiations were held.