Source Pravda.Ru

AvtoVAZ posts 2002 preliminary results

According to preliminary estimations, AvtoVAZ income in 2002, calculated in accordance with Russian accounting standards, amounted to 4-5bn rubles ($127m-158m), AvtoVAZ chief Vladimir Kadannikov declared at a news conference today. He pointed out that income was larger, if calculated in accordance with International Accounting Standards.

Kadannikov noted that the company manufactured products worth 92bn rubles ($2.91bn) in 2002. In 2003 this figure is set to be 97.7bn rubles ($3.09bn).

AvtoVAZ needs to invest $1.15bn in production in the next five years, he admitted stressing that the company would attract loans on the domestic market. He also did not rule out that at the beginning of 2004 AvtoVAZ might issue Eurobonds.

© &to=http://www.rbc.com' target=_blank>RBC

He announced his intention to create a news service called "Pravda," which means "truth" in Russian. Well, we are Pravda. The Pravda.Ru website has been working professionally in Russia since 1999

Elon Musk wants Pravda, but we already have it

The co-author of this disaster is the Dutch government, which did not find either strength or desire to save the lives of its citizens who were flying on that plane. The Dutch authorities did not demand Ukraine to comply with international aviation regulations

Blame MH17 on Russia: International investigation turns into demonic circus

On the second day of the St. Petersburg International Economic Forum, a plenary meeting was held, in which Russian President Vladimir Putin, French President Emmanuel Macron, Japanese Prime Minister Shinzo Abe, Chinese Vice President Wang Qishan and IMF head Christine Lagarde took part

World leaders unite with Russia at St. Petersburg International Economic Forum