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September 19, 2002
ABH Holdings S.A.

Strategic Cooperation Agreement Between Alfa Bank and Gazprom

The cooperation agreements envisage the implementation of joint projects, including the provision of short-term financing to Gazprom to cover the company’s cash requirements, the management of its balance of payments and the opening of deposit accounts at Alfa Bank to temporarily hold Gazprom’s...

TAG: Financial Services

September 02, 2002
ABH Holdings S.A.

Alfa Bank upgraded by Standard&Poor’s to B- with Stable Outlook

“The upgrade reflects the bank’s good business franchise, as well as its improved financial profile and operational diversity in the context of better prospects for macroeconomic stability in Russia,” Standard & Poor’s said. “Over the past two years, the bank has expanded its commercial...

TAG: Financial Services

August 29, 2002
Alfa Group Consortium

Tyumen Oil Owners May Sell Stake By June 2003, Fridman Says

OAO Tyumen Oil Co.'s shareholders may offer a stake in Russia's No. 3 oil producer in the first half of next year, said Mikhail Fridman, chairman of AlfaGroup that owns half of Tyumen. Tyumen, which pumps enough oil to fuel France for half a year, this month chose a financial adviser for the...

TAG: Other

August 06, 2002

Golden Telecom Achieves Solid Growth And Profit

Golden Telecom, Inc. (NASDAQ:"GLDN") continued its double digit revenue growth and outstanding EBITDA growth , achieving a 16% year over year growth in revenue and a 124% year over year growth in EBITDA in the second quarter of 2002. Importantly, these figures were reflected in an increase in...

TAG: Telecommunications