The Kronwerk Cinema Network, St-Petersburg, has signed an agreement of leasing the MDM-Kino cinema which will become the Network's third site in Moscow.

On January 19 in Kazan there was a meeting of the State Council Presidium of Russia presided by President of Russia Vladimir Putin. The meeting was dedicated to the work of the state authorities Russia’s constituents for reformation of the Municipal Housing Economy and housing construction with allowance for low-income population.

Vladpivo owners consider the plant’s possibility of bottling a licensed brand.

Company Epos (manages the Kronwerk Cinema Network) has opened the first digital cinema-hall in The multiplex Zanevsky Kaskad.

Private and state partnership in the sphere of water treatment will help to resolve problems in the sphere of life support infrastructure.

Mordovnefteprodukt is carrying out an investment and management project together with Alfa-Group, a leading russian finanscial and industrrial consortium.

Last week the foundation of the Karachinskaya Water Group was completed. The Group is registered in Novosibirsk – the location of its headquarters.

Past week, Sergey Levin, Chairman of the Supervisory Board of Brewing Company Syabar declared of the completion of the second reconstruction stage.

At the request of À1, Detroit Investment (DI) took up day-to-day management of Vladpivo at the beginning of 2006, as Nicolas Henderson-Stewart, DI Managing Director told Vedomosti.

Private and state partnership in the sphere of water treatment will help to resolve problems in the sphere of life support infrastructure.

It has come to the Kommersant knowledge that the film-distributing Kronwerk-Cinema Company is planning to invest $2mln in buying digital projectors for its cinema theatres.

The world largest alcohol producing company Diageo is stopping the production of one of its most popular international brands, Smirnoff vodka, in Russia. Instead, Diageo is planning to promote a new vodka brand – Smirnov.

Diageo Plc and A1 Group, the owner of Trade House Smirnov, announced the signing of a joint venture agreement for the promotion, sale and distribution of alcoholic beverages in Russia.

A1 Group confirms it has closed a deal for purchase of the Kronverk Cinema movie theatre network in St Petersburg. It bought an almost 100% share holding from the Banking House Saint-Petersburg.

LLC Vladpivo has entered into a financing agreement with the International Finance Corporation (IFC). IFC has granted a ˆ7.5 million loan to the company over seven years and has invested $5.3 million in the authorized capital of Vladpivo’s parent company – Far-East Brewing Company.