17:20 Pribaltiyskaya Hotel to go private
Pribaltiyskaya Hotel (the total area 82,598 sq. m.) and its movable property, currently owned by the St. Petersburg Administration, will be privatized.

16:41 Sea Port of St. Petersburg may become the largest on the Baltic Sea
In 2002 investments into the port should increase by 12.9% and reach about $70 million The new additions may make Sea Port of St. Petersburg the largest seaport on the Baltic Sea.

16:12 Capital Investments in St. Petersburg 14% up
In 2001, the overall volume of capital investments into the city increased by 14% to nearly $1.64 billion