Reconstruction of the fifth generator has begun at the Krasnoyarsk Hydroelectric Power Station. All repair work is carried out at the station’s own expense and must be completed by the end of the year. In total, the Krasnoyarsk hydroelectric power station has twelve generators with a total capacity of 6 million kW. Every year they generate approximately 18 billion kWh of electricity. On New Year's Eve, the fourth modernized generator was launched. Its reconstruction cost 125 million rubles.

Russia is asked to prove that it is fighting against money laundering Today in Strasbourg the session of the Council of Europe Committee of Experts of the “narrow composition” on combating capital laundering opens. The results of this completely routine event could have far-reaching consequences for Russia.

AOL Time Warner will have to negotiate with Microsoft The world's largest company has emerged, combining media and Internet services. As soon as the US Federal Telecommunications Commission (FCC) approved on Friday the merger of Time Warner, which owns the CNN television channel and the Warner Brothers film studio, with the world's leading Internet provider America Online, top managers of the two companies rushed to announce the completion of the deal, valued at 103.

Brewers demand the resignation of the chief sanitary doctor The conflict that flared up in December between the chief sanitary doctor of Russia Gennady Onishchenko and the brewers reached a new level on Friday. The Ministry of Justice endorsed the December resolution issued by the Center for Sanitary and Epidemiological Surveillance, proposing that ministries and departments classify beer as alcoholic beverages.

Another VAZ subcontractor changes owner The Samara Tarasov Plant, Russia’s largest manufacturer of generators and starters for cars, may transfer from firms friendly to its management to the ownership of the Moscow holding Tadem. The board of directors of the company has scheduled an extraordinary meeting of shareholders for February 14, which should approve the new composition of the board of directors, in which Tadema representatives will most likely receive a majority.

BASF plans to process Urengoy raw materials in Nizhnekamsk The German concern BASF intends to expand cooperation with Nizhnekamskneftekhim (Tataria) in the field of oil and gas processing, said Max Klei, deputy chairman of the board of the concern. BASF (represented by its subsidiary Wintershall) proposes to supply gas and gas condensate to Nizhnekamsk in a volume of at least 1.2 million cubic meters per year for its deeper processing.

Transneft President Semyon Vainshtok introduced the new General Director of North-West Trunk Oil Pipelines (one of the best Transneft subsidiaries), Farit Khaidarov, to the President of Tatarstan Mintimer Shaimiev. The former head of SZMN, 70-year-old Sergei Lebedich, who headed this enterprise for 20 years, was relieved of his position due to retirement.

Its owner was the Russian company "Rosno" On Friday, representatives of a fragment of the former Soviet monopolist Gosstrakh of the USSR - the Gosstrakh-Armenia company - announced the certification of the deal to privatize the company. The local Ministry of Finance, together with the Russian insurance company Rosno, signed a document according to which a joint venture, JSC SP Gosstrakh, was created on the basis of the former state insurer.

Silicon Valley pioneer and computer industry pioneer William Hewlett died Saturday in California at the age of 87. It was he, together with his friend David Packard, who created the future legendary Hewlett-Packard, with which Silicon Valley began, in 1938 in his parents’ garage. The company was then worth $538. Last year, HP split into two independent companies: HP itself, with an annual turnover of $48.8 billion, and Agilent Technologies, $10.8 billion. Mr.

Latvia is once again talking about building its own oil refinery. The Latvian-American joint venture Spars Pluss Grupa, which owns an oil depot and several gas stations, has approached the authorities with a proposal to build such a plant in the Jelgava region.

A project to implement international accounting standards has been launched Russian commercial banks have begun real work on the transition to Western accounting standards. A pilot project “Promoting accounting and reporting reform in the banking sector” was launched, funded by the TACIS (EU) and USAID (USA) agencies.

The Asian Tigers won't give up on him even if he gets cheaper “There will be no repetition of the crisis of 1997-1998” is the main conclusion of the final communiqué of the participants of the Europe-Asia Forum (ASEM), adopted yesterday in the Japanese city of Kobe.