BUSINESS PRESS

COLD COMFORT

Cold-blooded creaturers have cause to rejoice after the completion of a contract between an Australian thermal underwear company and a local distributor. See story.

CITY IN-BASKET

Oblast to establish independent bank

While St Petersburg languishes in a banking crisis, officials are planning to open a new Leningrad Oblast Bank for Reconstruction and Development in April.

STB ends crisis with liquidation

The six-month crisis at one of St Petersburg's major banks is over, following its official liquidation.

Futures exchange offers help for clients

In an effort to familiarize potential clients with the futures trade at the Chicago Mercantile Exchange (CME), free workshops are being offered by project officials.

EBRD gives million-dollar boost to small businesses

Up to 100 small and medium enterprises in St Petersburg will soon fund their projects with loans from the European Bank of Reconstruction and Development (EBRD).

Banks lower depositor age limits

Tveruniversalbank has become the second local bank to offer services for underage depositors following the recently passed civil law defining youth rights.

New deal brings Down Under heat to cold north

After the signing of a distribution deal, underwear from Down Under will be available in St Petersburg's largest department stores.

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