Financial report from Russia
Russia’s statistics office revealed last week that the country’s foreign trade surplus period fell to $33.8 billion for the first nine months of the year, from $38.8 billion for the year before.
Foreign trade reached $119.36 billion, up 3.7% from $115.10 billion the year previous. Exports fell by 0.5% to $76.6 billion, while imports went up 12.1% to $42.771 billion.
GDP went up 4% in the first 10 months of 2002 and the same figure is predicted for the whole year. The country’s inflation is forecast at 14% for the year.
Meanwhile, the Moscow-based footwear producer Pariskaya Komuna has said it will issue 475,000 ordinary shares valued at RUR150 ($4.70) each. 91.5% of the total shares are currently held by the management, most by managing director Alexandr Nikitin.
