Issue 153 – Mirror of Vladivostok News

Issue 153 :: Wednesday, October 29, 1997


Business Business Chronicle
The Vladivostok News	10/30/97 01:00 PM
Local companies show little interest in Sakhalin A new round of contract bidding for the Sakhalin I and II oil projects will begin later this quarter and in the start of next year. Though Sakhalin production-sharing agreements require 70 percent of work to be given to Russians, foreign investors haven’t seen a great deal of interest from local companies, according to news reports. The only exception are enterprises in Komsomolsk-on-Amur, most prominently the Amursky Shipbuilding Plant, which won a $35 million contract earlier this year. Despite Primorye’s well-developed industrial complex and staggering unemployment rate, krai companies have offered few bids on Sakhalin projects, press reports said.
Any comments?



Business Business group names five officers
The Vladivostok News	10/30/97 12:59 PM
The Vladivostok International Business Association – a new group of English-speaking businessmen in the city – recently announced its officers.
Any comments?



Business British (investors) are coming
by Russell Working	10/30/97 12:59 PM
Andrew Brochwicz-Lewinski – dressed in a bow-tie and blue blazer, speaking in an English accent despite the Slavic name – works for the largest importer of biscuits to Russia, and when he got to Vladivostok recently, the first thing he did was hit the kiosks.
Any comments?



Business Potato chip maker hires the disabled
by Nick Wadhams	10/30/97 12:58 PM
A Primorye man has found a secret to starting business in the krai’s unhealthy economic atmosphere — buy local, retain the product’s high quality, and hire the disabled.
Any comments?



Business Duma OK`s refinery
by Russell Working	10/30/97 12:57 PM
The Primorye Duma approved plans for a $1 billion oil refinery to be built near Dunai, a move it says will ease the region’s energy crisis by allowing it to process crude oil from abroad and eventually from Sakhalin.
Any comments?



Business Krai heads off illegal traders
by Nonna Chernyakova	10/30/97 12:55 PM
Primorye markets will have to sign contracts with Chinese trading companies, rather than letting individual merchants sell their goods, under a new decree from the krai administration.
Any comments?