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. Last Updated: 07/27/2016

06/11/2004

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Press Review

A brief look at the stories making headlines in the Russian-language press

G8 Focuses on Korea, Iran in Nuclear Plan

The world's major powers endorsed a plan on Wednesday to stop the spread of nuclear weapons and singled out North Korea and Iran for concern.

Allawi: Kurdish Dispute 'Resolved'

Iraq has resolved a dispute over Kurdish autonomy that threatened to split its fledgling government, Prime Minister Iyad Allawi said Thursday.

Euroskeptics Counting on Anti-EU Sentiment

A fringe political party with a knack for quirky electioneering and a former television presenter as its leader hopes to ride British hostility to the European Union to electoral success this week.

Russians Fear Referee Will Favor Spain

Members of the Russian team have expressed concern that the team will not receive equal treatment from referees.

Business in Brief

$25Bln in Revenues MOSCOW (Reuters) -- Power monopoly Unified Energy Systems' 2003 revenues rose to 724.9 billion rubles ($24.96 billion) from 579 billion rubles a year earlier, it said in a statement on Thursday. The results, compiled under Russian accounting standards, were based on activities of UES Holding, which includes all of UES's core operations. The company also said its 2003 net profit rose to 32.5 billion rubles ($1.1 billion) from 26.1 billion rubles in 2002. The firm is expected to issue 2003 results to international standards, which tend to differ substantially from the Russian equivalents, before the end of June. RCS Loses Money MOSCOW (Bloomberg) -- Russian Communal Systems, a provider of municipal services in Russia, recorded a net loss for 2003 because of the costs of setting up the business. Net loss totaled 117.3 million rubles ($4 million) on revenue of 159.5 million rubles last year, Moscow-based RCS said Thursday. RCS has invested 350 million rubles in municipal projects, it said.

Battered Yukos Finds Unlikely Offers of Help

The Lithuanian prime minister blasted the Russian government over the Yukos affair Thursday, as a notorious corporate raider proposed purging the company's management as a means to stave off bankruptcy.

Kiev Moves to Nationalize MTS Stake

Prosecutors in Kiev said Thursday that they are seeking to annul the 2002 deal that gave Mobile TeleSystems a majority stake in Ukraine's No. 1 cellphone operator.

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