COMPANY NEWS.

1. AVVA ALLIANCE FACING PROBLEMS.
2. THE RUSSIAN GOVERNMENT ALLOCATED RB 300 BILLION FOR TEXTILE FACTORIES OF
   THE IVANOVO REGION.
3. AN ORDER FOR CONSTRUCTION OF 20 FISHING SHIPS WAS GIVEN TO THE DEFENSE
   ENTERPRISE ZVYOZDOCHKA OF THE CITY OF SEVERODVINSK.
4. FRENCH GROUP ARBEL PLANS TO SET UP A JOINT VENTURE IN RUSSIA WHICH WILL
   PRODUCE RAILWAY FREIGHT CARS.
5. FINNISH OIL CONCERN NESTE BEGAN TO EXPAND ITS NETWORK OF GAS FILLING
   STATIONS IN ST.PETERSBURG.
6. ZiL - ONE OF RUSSIA'S LARGEST CAR FACTORIES - WAS HALTED ON JANUARY 17.