March 17, 1995 |
Polaroid Corp., which took advantage of Russia's tradition of street vending to build a national marketing network, now derives nearly 7% of its total sales from its growing business in the formerly Communist country. "We saw business increasing in 1994 and we expect it to increase substantially in 1995," Lance Roulic, Polaroid's director of marketing and consumer goods in Russia, said in New York. Svetozor, or Shining Light, Polaroid's 65%-owned joint venture in Russia, was profitable in 1994.
November 16, 1996 |
Even the Russians couldn't bring a bear to Wall Street. In the first day of trading on the New York Stock Exchange for a Russian company, Vimpel-Communications on Friday rose nearly 50% above its offering price. "Only a few years ago, it was difficult to imagine we would achieve this kind of breakthrough," said Dmitri Zimin, chief executive of VimpelCom, as Russia's biggest cellular telephone service provider is often called. "We are very much proud that it was our company."