September 18, 1998 |
A top official in Russia's new government said Thursday that the country will reverse its decision to freeze foreign debt payments and is ready to negotiate a new payment plan with international lenders. "Russia is ready for a dialogue, and in this connection the government would not like foreign partners to take tough measures against us," said Deputy Prime Minister Alexander N. Shokhin. "We call on banks to refrain from seizing Russian banks' assets abroad."
April 26, 1996 |
PepsiCo to Invest $550 Million in Russia: The Pruchase, N.Y.-based company and its bottlers will make the investment in the next five years to increase soft-drink production in Russia and beat back a resurgent Coca-Cola Co. The maker of Pepsi and Mountain Dew sodas and Frito-Lay snacks said the biggest consumer products investment in Russia would include 11 new bottling plants, 30 production lines, 50 warehouses, 450 trucks and thousands of refrigerated display cases. PepsiCo Inc.
July 1, 1996 |
Foreign investment in Russia fell by almost one-third in the first three months of this year, reflecting uncertainty surrounding the presidential election, the Interfax news agency reported Sunday. Foreign investment in the first quarter of 1996 totaled $928.6 million, compared with $1.79 billion in the fourth quarter of 1995, according to Economics Ministry figures. The ministry said foreign investment rose 3.8% compared with the first quarter of 1995.
January 23, 1996 |
They were statistics only a battle-weary prime minister could love: gross national product down only 4%, industrial production slumping just 3%, inflation holding steady at slightly more than 3% a month. "At first glance, it may appear strange that this is being qualified almost as a success," Prime Minister Viktor Chernomyrdin acknowledged.
September 25, 1996 |
Coca-Cola to Sell Juices Worldwide: The beverage giant formed a joint venture with Danone, a large French food and beverage distributor, to make and sell Minute Maid juices around the world as part of an effort to expand its reach. Coca-Cola also confirmed plans to invest $100 million in both Russia and Poland in 1997. The Atlanta-based firm has already invested $1.5 billion in Central Eastern Europe, including $250 million in Hungary, reported Vilaggazdasag, a Hungarian newspaper.