Finnish SRV TERASBETONI OY intends to finance construction in Russia.
Published:
18 July 1999 y., Sunday
SRV Terasbetoni Oy, one of the leading construction companies of Finland, intends to organize financing from Western sources for new construction projects in the Russian pharmaceutical and food industries, and also for small and medium businesses. The volume of investments may total several tens of millions of dollars. The possibilities of investment were discussed during the negotiations between representatives of the company in a meeting at the Ministry of Economics of RF. The Russian side will study the offers from the Finnish company within the shortest possible time and prepare a list of projects for investments. The Finnish side, in its turn, will introduce partners to the Russian side, who have good potential on the construction market and also have an efficient management. SRV Terasbetoni Oy has been operating on the Russian market for more than 25 years. In Russia it fulfills contract work both for domestic and for foreign clients. In recent years the company built, in particular, potato-processing factory Koloss in Moscow, a corrugated cardboard factory in the Kaluga region, reconstructed the main office of Vozrozhdeniye bank in Moscow, and built office buildings for British Petroleum, Ericsson and Coca Cola in Moscow. SRV Terasbetoni Oy is a part of the Viitoset Finnish concern. In 1998 the concern_s turnovers totaled approximated $300 mln., of which about 20% resulted from foreign operations and export.
Šaltinis:
Independent Media
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Reform of the banking system was one of the key themes at this year's World Economic Forum in Davos, with bankers coming in for a lot of criticism.
more »
Small firms have been hard hit by the economic crisis, and so must be given incentives and support, including easier access to credit, help with innovation, tax breaks and less red tape, MEPs on Parliament's Special Committee on the Financial, Economic and Social Crisis (CRIS), and experts agreed at a workshop on Monday.
more »
The elections and investiture of Porfirio Lobo as President of Honduras have cleared the way for the EU to restore normal relations with the Central American country and negotiations for signing a bi-regional Association Agreement may soon resume.
more »
The European Commission has approved applications from Lithuania for assistance under the European Globalisation Adjustment Fund (EGF).
more »
The European Commission has decided to refer Italy to the European Court of Justice (ECJ) on the basis of Article 108(2) of the Treaty on the Functioning of the European Union (TFEU) for failing to comply with a Commission decision of July 2008.
more »
The EBRD is helping to strengthen the financial sector in Bosnia-Herzegovina (BiH) with a €50 million credit line to the Deposit Insurance Agency of Bosnia and Herzegovina (DIA), the Bank’s first investment in a deposit insurance entity.
more »
In its first investment in the natural resources sector in Bosnia and Herzegovina, the EBRD is providing a €17 million sovereign loan to finance the gasification of the Central Bosnia Canton.
more »
The EBRD is increasing the availability of financing to private businesses in Armenia with a $5 million credit line and a $3 million trade finance facility to ArmSwissBank for small and medium companies (SMEs).
more »
On January 27 the European Commission assessed the action taken by Lithuania, Malta, Latvia and Hungary in response to recommendations proposed by the Commission and endorsed by the Council in July 2009 in respect to the correction of their respective budget deficits.
more »
EUROSTAT announced that Lithuania’s GDP rose by 6.1 % in the 3rd quarter of 2009 versus the previous quarter.
more »