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BUSINESS
August 12, 1994 | From Times Staff and Wire Reports
Stolichnaya Maker Receives Insolvency Notice: The notification for the makers of Russia's best known brand of vodka is the first step in bankruptcy proceedings, but officials said output will not be affected. A Federal Bankruptcy Agency official told the Postfactum news agency: "There is nothing terrible in this, either for the firm or for lovers of Stolichnaya." The notice covers with liquidity levels at Kristall, but does not mean the company will go out of business.
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NEWS
November 30, 1998 | MICHAEL A. HILTZIK, TIMES STAFF WRITER
With evident satisfaction, Alexander Z. Vartanov strained to be heard over the din of clanking bottles. "There are three things a man can watch forever without growing bored," the factory foreman said with the air of someone unburdening himself of an ancient Russian proverb. "A fire burning, water flowing . . . and other people working."
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NEWS
November 30, 1998 | MICHAEL A. HILTZIK, TIMES STAFF WRITER
With evident satisfaction, Alexander Z. Vartanov strained to be heard over the din of clanking bottles. "There are three things a man can watch forever without growing bored," the factory foreman said with the air of someone unburdening himself of an ancient Russian proverb. "A fire burning, water flowing . . . and other people working."
NEWS
September 27, 1997 | VANORA BENNETT, TIMES STAFF WRITER
A Russian government gesture to visiting French President Jacques Chirac--a promise not to use the hallowed French names "champagne" and "cognac" to label drinks exported from Russia--has caused howls of dismay in the Russian alcohol-producing industry. Shampanskoye and konyak, Russians' two favorite kinds of tipple at the annual high feast of New Year's and on other special occasions, will now disappear as export brand names, to be replaced by the less glamorous "sparkling wine" and "brandy."
NEWS
September 27, 1997 | VANORA BENNETT, TIMES STAFF WRITER
A Russian government gesture to visiting French President Jacques Chirac--a promise not to use the hallowed French names "champagne" and "cognac" to label drinks exported from Russia--has caused howls of dismay in the Russian alcohol-producing industry. Shampanskoye and konyak, Russians' two favorite kinds of tipple at the annual high feast of New Year's and on other special occasions, will now disappear as export brand names, to be replaced by the less glamorous "sparkling wine" and "brandy."
NEWS
December 27, 1996 | CAROL J. WILLIAMS, TIMES STAFF WRITER
In a sobering blow to Russia's legendary drinkers just before the year's biggest binge, President Boris N. Yeltsin on Thursday announced a government takeover of all alcohol production and marketing to wring out more tax revenues to settle staggering state debts.
NEWS
December 27, 1996 | CAROL J. WILLIAMS, TIMES STAFF WRITER
In a sobering blow to Russia's legendary drinkers just before the year's biggest binge, President Boris N. Yeltsin on Thursday announced a government takeover of all alcohol production and marketing to wring out more tax revenues to settle staggering state debts.
BUSINESS
August 12, 1994 | From Times Staff and Wire Reports
Stolichnaya Maker Receives Insolvency Notice: The notification for the makers of Russia's best known brand of vodka is the first step in bankruptcy proceedings, but officials said output will not be affected. A Federal Bankruptcy Agency official told the Postfactum news agency: "There is nothing terrible in this, either for the firm or for lovers of Stolichnaya." The notice covers with liquidity levels at Kristall, but does not mean the company will go out of business.
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