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Editorial

Currency exchange rates for 27 October: Euro+10.8 kopek, USD-7.9 kopek, NOK+5 kopek

[26.10.07]
The official exchange rates are:
Euro: 35. 558 rub / 1Euro; USD: 24. 7722 rub / 1USD; NOK: 4. 61797 rub / 1 NOK

Here follow the updated rates for pound sterling, USD, Euro, Swiss franc, the Nordic krones, Belorussian roubles, Kazakh tenges, Ukrainian hryvnias and Chinese yuan, which are valid for next day according to Russia`s Central Bank. Please note that the rates are lower for bank transfers and if you change cash.

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Now we understand why Hydro was so passive on the Shtokman-front during last time

[19.12.06]
In an editorial for our Norwegian internet newspaper russland.RU I wrote that ”we have not seen and heard much from Hydro in the Russian North (during the last time) … We have to assume that Hydro works a lot behind the scene”. I also asked the big question: “What happens with Hydro?” Now we know what has been going on backstage. And have to conclude that they did some very spectacular move which will increase the Norwegian chances in the international oil- and gas industry quite a lot. The merger between the former rivals Hydro and Statoil will improve the Norwegian position – not at least in Russia.

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Russia, Iran, Venezuela – who is next to leave the dollar system?

[18.05.06]
President George W. Bush might face a lot of unforeseen challenges during his last years in the White House. His Russian colleague Vladimir Putin said in his remarkable speech to the nation last week that Russia is going to establish a rouble-based trade exchange for oil and gas. Earlier Iran has announced its plans to sell oil for euro. Now Venezuela’s President Hugo Chavez informed that his OPEC-country is thinking about writing its invoices for oil deliveries in the European currency.

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About Adventurers, “Business and Pleasure” and the Third Generation

[01.05.06]
The profile of business-activities and their protagonists in Northwest-Russia is at the present moment changing dramatically. This transformation will proceed with an even higher speed after the decision about the Shtokman-development will be made – hopefully – during May. The era of the pioneers is over; the third generation is ready to push the start buttons – and will meet a lot of challenges and traps they probably don’t expect.

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“Attempts to politicize question which are entirely within the economic sphere, will not produce good results”

[23.04.06]
“Gazprom issued a sharp warning to Europe” (SPIEGEL Online, Germany), “Gazprom warns the European Union” (Norway’s VG Nett), "Miller puts the stability of Western Europe's energy provision into question" (The Financial Times) were some of the reactions on a meeting which the Gazprom-CEO Aleksej Miller had with EU-ambassadors in Moscow. This sounds spectacular and scaring. But is it true? We think that it is just another example for the Russo phobia of some Western politicians and their mouthpieces. They simply do not appreciate, that Russia is back on the scene as a power with increasing economical and political influence.

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