Business Services Industry

THE DIRECTORATE OF GAZPROM APPROVED THE DRAFT-BUDGET OF TE COMPANY FOR 2003

A&G Information Services, December, 2002

A&G Information Services 12-16-2002 THE DIRECTORATE OF GAZPROM APPROVED THE DRAFT-BUDGET OF TE COMPANY FOR 2003 ST.PETERSBURG, RUSSIA, DEC 16, 2002 (A&G News via COMTEX) -- Therevenues, received from the main activity of thecompany should amount to Rbl 999,06 billion witha profit of Rbl 281,9 billion.

Financialborrowings in 2003 are planned in the amount ofRbl 120 billion (Rbl 54,4 billion- credits andloans, Rbl 15 billion- acceptance credit and Rbl50,5 billion- bonds). The draft-budget for 2003was written on the basis of increase of tariffsfor gas (for industry- by 40%, for population-by 20%). The budget might be corrected if thedecisions of the government about the rate ofindexation of gas prices so require. URL: http://www.aginform.com ...

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