Source Pravda.Ru

Data on VimpelCom's losses released

In the second quarter of 2002, losses of VimpelCom due to euro ratefluctuations amounted to $9m, first vice president of the company NikolayPryanishnikov reported at a press conference devoted to VimpelCom's resultsof the second quarter and the first half of 2003. In order to avoid suchlosses in the future, VimpelCom is planning to make a contract with aforeign bank, which has an office in Russia and will provide the companywith a stable euro rate. According to the vice president, the results ofthese steps will be seen in the third quarter of 2002..

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