16:49 RUSSIA: Pyaterochka revises 2005 sales target down
Supermarket chain Pyaterochka has issued a trading update for the second half of 2005, with expected sales revised down. Now it is expected that over the coming few years densities in St. Petersburg will converge towards Moscow levels.

15:49 Mortgage Ambition
Investment bank Kit Finance plans to issue $500 million to $600 million worth of mortgages in 2006, a bank representative, Alexander Vinokurov, said Thursday.According to him, next year the bank will issue 20,000 credits worth $25,000 to $30,000 each.

15:42 UES Unit Flotation
Electricity monopoly Unified Energy Systems plans to float stocks worth between $700 million and $800 million in each of its three newly created power generating units — OGK-3, OGK-5 and TGK-3.