Hachette delays Russian launch of Paris-Match

Article Abstract:

Hachette Filipacchi Medias SA of France has decided to delay the launch of the Russian version of its news-and-people weekly Paris-Match. The decision comes as the current economic situation in Russia is in the midst of chaos, scaring off foreign investors. The launch, which was originally set in September 1998, will occur between late 1998 and early 1999. A spokeswoman for Hachette said that the distribution of a weekly in Russia is a problems since the country has a vast and fragmented market. Hachette is a global media business controlled by Lagardere SA of France. The company's international magazine publication accounted for 41% of its 12.3 billion francs, or $2.04 billion, in 1997 sales.

Comment:

Will delay the launch of Russian version of its news-and-people weekly Paris-Match due to Russia's turbulent economic situation

Newspaper Publishers, Product introduction, Weekly Newspapers, Hachette Filipacchi Medias SA

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Chevron expects pipeline permit from Russia

Article Abstract:

Chevron Corp. is anticipating to receive approval from the Russian government to start its first major oil export pipeline operations in the area by the end of October 1998. Chevron Overseas Petroleum Inc. President Richard Matzke reports that the launching of the pipeline operation will increase attract foreign investor interest, generate taxes to Moscow and the local areas of the country, and aid businesses in Russia. The planned pipeline, which is part of the Caspian Pipeline Consortium project, will run across the country from the Tengiz field in Kazakhstan to the Black Sea.

Comment:

Expects approval from Russia to start its first major oil export pipeline operations in the area by the end of 10/98

Government regulation (cont), Oil Product Pipelines, Pipeline Transportation of Refined Petroleum Products, Petroleum products pipelines, Chevron Corp.

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Russia's IMF loan boosts Eastern Europe

Article Abstract:

Russia's two-year loan package of $22.6 billion from the International Monetary Fund boosted the Eastern European markets. The new loan package, which aimed at stabilizing Russia's mangled financial markets, will give the Russian government $14.8 billion in 1998 and $7.8 billion in 1999. In Poland, analysts said positive news from Russia would continue to push share prices in the Warsaw's Stock Index. This is in addition to expected lower inflation and an interest-rate cut. Budapest, Hungary's Stock Exchange's benchmark BUX index recorded solid gains in the session.

Comment:

Russia: Country's 2-year loan package of $22.6 bil from the International Monetary Fund boosts the Eastern European markets

Administration of General Economic Programs, Receipt of funds, Foreign Loans-Intnl Agencies, International organizations, Foreign loans

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