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. Last Updated: 07/27/2016

Business in Brief

Ukraine's Gas Agreements



Ukraine will sign all its agreements with Russia over natural gas after the March 26 general parliamentary elections, Prime Minister Yuriy Yekhanurov said.

The "political situation in the country is very difficult," Yehanurov said in a broadcast on Ukraine's Channel 5.

"Thanks to all those who 'helped' us, we will not be able to sign all documents. It is impossible to sign anything with a knife in your back. We will sign everything a bit later, after the elections," he said. (Bloomberg)




Polimetall Listing



Polimetall, Russia's biggest silver producer and second-biggest gold miner, will sell shares in November.

"Deutsche UFG and Merrill Lynch are competing to manage the sale, and we hope to sign the mandate within two or three weeks," Polimetall spokesman Albert Avetikov said Monday by telephone from St. Petersburg.

The company may choose more than one bank, Avetikov said. (Bloomberg)




Pipemaker Acquisitions



Trubnaya Metallurgicheskaya Kompaniya, the world's No. 2 maker of steel pipes, has bought two Romanian pipe producers to expand in Eastern Europe.

TMK said in a statement Monday it had acquired SC Artrom and SC C.S.R. via their German parent, Sinara Handel. It did not say how much it had paid. (Bloomberg)




AvtoVAZ Exports



State arms trader Rosoboronexport has agreed with automotive manufacturer AvtoVAZ to handle some of its exports, newpapers Kommersant and Vedomosti said Monday, citing the two companies. Rosoboronexport will also handle the import of equipment, the reports said.

Kommersant quoted an unnamed Rosoboronexport official as saying that the arms trader did not seek to control all of the AvtoVAZ exports, but would now handle AvtoVAZ sales from Rosoboronexport's 40 trading outlets abroad.

AvtoVAZ sells around 90,000 cars abroad annually. Sales from the carmaker's exports came to between $600 million and $700 million last year, Vedomosti quoted Alexander Zhukov, a car analyst with brokerage Metropol, as saying. (MT)




South Hit by Bird Flu



ROSTOV-ON-DON -- The lethal H5N1 strain of bird flu carried by migratory birds has swept through regions in southern Russia, forcing authorities to impose quarantines and slaughter fowl, officials said Monday. No human cases have been reported.

Some 500,000 domestic and wild birds in Russia's southern regions have died since Feb. 5, and another 350,000 were culled by authorities to stem the disease's spread, the Emergency Situations Ministry's southern branch said in a statement.

Dagestan was among the worst affected, Zaidin Dzhambulatov, head of republic's veterinary service, said Monday. (AP)




Bird Flu in Azerbaijan



Azerbaijan is investigating whether the deaths of two girls could have been due to infection with the bird flu virus, Interfax said on its web site.

Family members have been hospitalized and samples sent to Britain for more tests, the news service said, citing Abbas Velibekov, the country's deputy health care minister.

The family, which kept chickens, comes from the south of Azerbaijan. (Bloomberg)




VTB Net Profit Rises



State-owned Vneshtorgbank reported a net profit of $364 million for January to September 2005 under international accounting standards, an investment bank said Monday.

Renaissance Capital investment bank quoted data released by VTB at a telephone conference with analysts. It said VTB's total assets had reached $22.5 billion versus $17.8 billion a year earlier.

VTB was not immediately available for comment. (Reuters)




IMS Buys Stake in Agency



Marketing and consultancy firm IMS Group said Monday that it had acquired a 70 percent stake in IMCA, a Moscow-based research agency, without specifying the value of the deal.

IMS Group, the first Russian marketing company to float on the stock market, said the deal would help the two companies develop new research methods for Russia, CIS and emerging markets. (MT)




For the Record



British car dealer Inchcape said Monday that it had signed a joint venture to sell and service cars in Russia. (Reuters)

Aviva, Britain's biggest insurer, won a license from regulators in Russia to offer long-term savings and protection products in the world's 10th-largest economy. (Bloomberg)