22 July 2003 20:58
Moscow press review for July 22
MOSCOW. July 22 (Interfax) - The following is a digest of Moscow newspapers published on July 22. Interfax does not
accept liability for information in these stories.
VSMPO-Avisma, the world's largest producer of titanium, plans to place 25%-27% of its shares on Western markets
in two years and will publish consolidated reports to international standards and disclose its beneficiaries by the end
of this year, Vedomosti reports (page 5).
The Russian Economic Development and Trade Ministry is to ask the government to ease directives that establish
minimum protection for the Russian market after the country joins the World Trade Organization, Vedomosti reports (page
A3).
Economic Development and Trade Minister German Gref has spoken out against de-privatization and also against an
increase in the tax burden on the raw material sector, Vedomosti reports (page A6).
Analysts are not satisfied with the results of United Heavy Machinery (UHM) in 2002. They note that UHM profit was
only "on paper," and the business's profitability was low, Vedomosti reports (page B2).
The investment company Rinako, which is part of MDM Group, has agreed to sell its packet of shares in the large
Rostov coal company Gukovugol to Russkiy Ugol (Russian Coal), Vremya Novostei reports (page 7). [RU EUROPE ASIA EEU EMRG
MET STX TRD MAC RES BNK MRG COA] rd <>
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