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Archive for December 16, 2005

12:42 Proposed undersea cable would double electricity imports from Russia
The Russian state nuclear power company Rosenergoatom has proposed setting up a large undersea electric cable to Finland. The cable, which would run from the south shore of the Gulf of Finland to the Finnish city of Kotka...More

12:04 Daimler puts Russian car plan on ice
The world's fifth-largest automaker said that assembling cars in Russia was not competitive due to tax and customs rules, adding that it was still in talks with the government in Moscow but holding out scant hope that they will lead anywhere. More

11:13 Renaissance Leads Northwest As Insurance Industry Consolidates
The Moscow-based insurance company, Renaissance Strakhovanie, is to acquire 100 percent of Neva Progress, one of the Northwest’s leading insurers, the companies confirmed Wednesday.More


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