Internet guide to St. Petersburg, the cultural capital of Russia Internet Explorer: add to favorites 
St. Petersburg guide / Home page
 News | Events | Playbill | City | Tourism | Accommodation | Business
 Culture | Dine & Wine | Nightlife | Family | Health & Sports | Excursions
Services | Shopping | Classifieds | Forums | Map | Weather | Articles

Personal live guide to PetersburgOnline Map of St. PetersburgVisa support for your trips
 in St.Petersburg: December 16, 2017; 10:43pm (GMT+4). Search:
 Business news All business news in St. Petersburg 
Warning: current() expects parameter 1 to be array, null given in /home/webs/city.air.spb.ru/system/advert.robo on line 24
News at PetersburgCity.com
City news
Business news
Culture news
Anniversary news

Warning: current() expects parameter 1 to be array, null given in /home/webs/city.air.spb.ru/system/advert.robo on line 24
Business news
"Segezhsky Paper" wins bank credit of euro 40 million
11.05.2003 13:15

Segezhsky Pulp and Paper Combine The Russian Savings Bank plans to provide the Segezhsky Pulp and Paper Combine (Karelia Republic) with a credit of Euro 40.4 million for seven years. The credit will be used to upgrade papermaking machinery. The result is expected to be a doubling of productive capacity and an upgrading to world standards of the paper bags produced by the combine. This will make it possible for the combine to compete effectively in the European market and to meet the rising domestic demand for high-quality bagging and kraft paper. The bank and combine signed an agreement in May that looked towards the bank's investing Euro 410 million over seven years for modernizing and increasing the productive capacity of the combine.

The shareholder-owned, commercial Russian Savings Bank registered on June 20, 1991. The founding organization and principal stockholder is the Central Bank of the Russian Federation (more than 60% of the charter capital). There are some 230,000 other actual and corporate stockholders. Net profit for the Russian Savings Bank came to USD 1.2 billion in 2002.

Segezhsky Pulp and Paper Combine, founded in 1939, is the largest Russian producer of kraft paper and paper bags. It is the second largest producer of kraft paper in the world.

News source: www.rosbaltnews.com
Print this news


Business news archive for 05 November' 2003.
Business news archive for November' 2003.
Business news archive for 2003 year.
City news archive
November' 2003
SuMoTuWeThFrSa
      1
2345678
9101112131415
16171819202122
23242526272829
30      
Archive for 2003 year


 News | Events | Playbill | City | Tourism | Accommodation | Business
 Culture | Dine & Wine | Nightlife | Family | Health & Sports | Excursions
Services | Shopping | Classifieds | Forums | Map | Weather | Articles

Site Map | Search | Help/feedback | About | Advertise with us

Contacts: info@petersburgcity.com

(c) 2001-2016 "Information Resources" Agency