The "International Economic Cooperation" Joint-Stock Company started its work in November 1990 on the first wave of market transformations in Russia. Technological and scientific lagging behind of the country richest in its natural and human resources could be stopped only by releasing the creative potential of is citizens. Only thus could we prevent Russia's slipping down to the position of a "third world country".
We see our service to Russia in the utmost support of the national commodity anufacturers, in the development of high technologies, in creating new jobs for the Russians. We are convinces that the coming-to-be of the new Russia is impossible without preserving and maintaining the richest traditions created by the labour and heroic deeds of many generations in more than a thousand years of the Russian state's development. Developing business relationswith our traditional partners, we are also ready to establish new links. We are looking forward to the coming XXIst century with confidence and we sure that it will become a period of Russia's flourishing.
The "International Economic Cooperation" Joint-Stock Company (IEC) was established in 1990.
IEC's range of activities comprises:
Since 1992, IEC has been exporting strategic resources, including crude and petroleum products. The Company rapidly established itself in the world energy market as a major participant. In 1994-1995, IEC exported more than 12 million tonnes of crude and petroleum products.
Recently, the Company has been actively investing in oil production, refining and transportation projects.
IEC maintains close cooperation with Russia's major oil producing and refining organisations, as well as leading international oil companies.
IEC is a member of the London-based Institute of Petroleum and of the Russian Union of Oil Exporters. IEC's President, Vitaly V. Kirillov, has been elected Deputy Chairman of the Union.
Another major field of IEC's activities comprises financial, investment, and stock-market operations. The Company's vast experience ensures successful asset management and investment of its own, as well as borrowed funds. IEC renders services in securities sale and purchase transactions as well as consulting services in securities issuing and circulation.
In conducting investment-banking operations, the Company analyzes, develops, and evaluates various investment projects and programs and raises funds for their implementation. IEC participates in privatization of state-owned enterprises and provides investment advice to other companies.
The IEC devotes much attention to export-import trade in consumer goods, foodstuffs, and industrial equipment, including machinery manufactured under defense-industry conversion programs, and wholesale trade in Russia's domestic market. The Company has also becoe an importer of goods from countries that have failed to repay loans to the former Soviet Union, thereby recovering their debts.
IEC has formed a network of inter-regional branches and subsidiaries in various parts of Russia. This network, called Agro-IEC, comprises a number of specialized stock companies - Slobodskoi (a breeding farm), StroIEC, Russkoye Moloko (Russian Milk), and other agro-industrial enterprises, which occupy an area of 3,000 hectares not far from Moscow and in other regions of Russia; they use modern technology and processes to produce milk, et and vegetables, to tan furs and make dur clothes, to process and sell farm produce, and to breed pedigree young stock.
IEC's interests spread to civil engineering. The Company renovates, upgrades, and builds houses, offices, cottages, including turn-key projects, restores historical and religious buildings in Moscow, St. Petersburg and other regions of Russia, implements housing construction projects in rural areas, carries out commercial real estate operations.
The Company's subsidiaries and divisions are engaged in the development of high technologies in Russia, they work to discover and advance domestic high-technology products and projects developed under defense-industry conversion programs, and to export them to the CIS markets and other countries. For instance, the Joint-Stock Company "Meteor-High Speed Vessels" offers passenger and foreign markets. They are considered the best among the innovations of national manufacturers of high-speed water vessels.
The Company is implementing a program of reviving ancient and developing new recepes for the production of kvas - the traditional Russian beverage for many centuries. For that purpose IEC is participating in privatization of a number of enterprises producing non-alchoholic beverages. IEC perfors technological and commercial evaluations of the projects and helps Russian manufacturers and research institutions to participate in international conferences, exhibitions, fairs. In particular, IEC is an owner of exhibition, office, and living space at Changzhou International Machinery and Electronics Trade Town (Jiangsu province) situated not far from Shanghai, Nanjing and other trade and industrial centres of China.
In every field of its activities, the Company operates in close interaction with specialized government agencies, of the Russian Federation. The Company carries out assignments from the Government, contributing to the development and implementation of the major international government of Russia's remote areas- the European North, the Urals region, and Siberia. A subsidiary of IEC, IEC-NEVA, is engaged in active operationsin St. Petersburg, building a network of gasoline stations, supplying foodstuffs and medicines to the region, upgrading and renovating houses.
IEC has business partners in many regions around the world - the CIS, North and South America, Asia, and Europe. The success of the Company's international operations is greatly promoted by the efficient work of its representative offices in Hungary, China and the United States. Through it representative office in Hungary, the Company actively participates in the re-establishment of cooperative links with East-European countries.
High on the list of Company's priorities are charity and support for public education, research, cultural, and environmental progras. A number of charitable programs to render assistance to educational and research institutions of Russia are being implemented. IEC co-sponsors programs devoted to Moscow's 850th anniversary, to be celebrated in 1997, and a World Philatelic Exhibition. In 1995, IEC was the general sponsor of the PETER the Great's Cup international tennis tournament in Moscow.
At the Company's initiative and under the high patronage of His Holiness Patriach of Moscow and All Russia, Aleksii II, the Foundation "For Russian Cultural Initiative" has been established and a Gallery of Russian Art has been opened in the centre of Geneva, Switzerland, to popularize in the West the best trends in contemporary Russian art.
Press conference of RAO "IEC"
With God's help, the company crossed the five-year milestone
"International Economic Cooperation" (IEC Joint Stock Company) [РАО "Международное экономическое сотрудничество" (МЭС)] - the company, which became widely known as a major oil exporter, said yesterday its fifth anniversary. This event was devoted to held at the conference hall of the Moscow Patriarchate press conference management.
As stated at the press conference, President IEC Vitaly Kirillov, his firm is so old, how ever be old AO in post-Soviet Russia - it was founded in 1990 with the advent of in the country of ownership. IEC was the main founder of the financial and economic management of the Moscow Patriarchate, what, in fact, explains why such an exotic place for the commercial structure of the anniversary event. However, the status of the founder, according to Mr. Kirillov, does not mean that the Patriarchate as a part in the commercial management of the company.
Since 1993, "IEC" Joint Stock Company is a special exporter and succeeded in exporting oil through a state needs. Last year, under this heading the company exported 7.7 million tons of oil (about 8.5% of Russia's exports). In this case, the status of special exporter gave us a good opportunity to export oil producers who did not have such status. In total, the company exported 10 million tons. After the liquidation of the institute special exporters situation has changed. The only export quotas on account of state needs to become the company's 2 million tons of oil for reconstruction of the Moscow Kremlin. And decreased amounts of oil provided by the IEC manufacturers on commission conditions.Unfortunate for us turned out to tender for the supply of Russian-Cuban "oil for sugar." However, the management of IEC is optimistic and believes that the reduction of petroleum operations offset by the expansion of activities in the financial markets. What exactly is it, Mr. Cyril said, but among its partners called a number of banks from the world's elite. Great Expectations company assigns to participate in the repayment of debts of the former USSR and investment in the agricultural sector.
- ALEXANDER b-Tutushkin [Kommersant RU]
Подробнее:http://www.kommersant.ru/doc/121700
We see our service to Russia in the utmost support of the national commodity anufacturers, in the development of high technologies, in creating new jobs for the Russians. We are convinces that the coming-to-be of the new Russia is impossible without preserving and maintaining the richest traditions created by the labour and heroic deeds of many generations in more than a thousand years of the Russian state's development. Developing business relationswith our traditional partners, we are also ready to establish new links. We are looking forward to the coming XXIst century with confidence and we sure that it will become a period of Russia's flourishing.
The "International Economic Cooperation" Joint-Stock Company (IEC) was established in 1990.
IEC's range of activities comprises:
- crude and petroleum product exports;
- investment banking;
- export-import trade in consumer goods, foodstuffs, industrial equipment, and metals;
- establishment of modern agro-industrial enterprises, food production and processing;
- investment in existing high-technology enterprises and creation of new ones, as part of defense-industry conversion programs or otherwise, and advancement of their output in foreign markets;
- housing construction and civil engineering;
- efforts to promote the revival and evelopment of Russia's spiritual traditions and cultural heritage.
Since 1992, IEC has been exporting strategic resources, including crude and petroleum products. The Company rapidly established itself in the world energy market as a major participant. In 1994-1995, IEC exported more than 12 million tonnes of crude and petroleum products.
Recently, the Company has been actively investing in oil production, refining and transportation projects.
IEC maintains close cooperation with Russia's major oil producing and refining organisations, as well as leading international oil companies.
IEC is a member of the London-based Institute of Petroleum and of the Russian Union of Oil Exporters. IEC's President, Vitaly V. Kirillov, has been elected Deputy Chairman of the Union.
Another major field of IEC's activities comprises financial, investment, and stock-market operations. The Company's vast experience ensures successful asset management and investment of its own, as well as borrowed funds. IEC renders services in securities sale and purchase transactions as well as consulting services in securities issuing and circulation.
In conducting investment-banking operations, the Company analyzes, develops, and evaluates various investment projects and programs and raises funds for their implementation. IEC participates in privatization of state-owned enterprises and provides investment advice to other companies.
The IEC devotes much attention to export-import trade in consumer goods, foodstuffs, and industrial equipment, including machinery manufactured under defense-industry conversion programs, and wholesale trade in Russia's domestic market. The Company has also becoe an importer of goods from countries that have failed to repay loans to the former Soviet Union, thereby recovering their debts.
IEC has formed a network of inter-regional branches and subsidiaries in various parts of Russia. This network, called Agro-IEC, comprises a number of specialized stock companies - Slobodskoi (a breeding farm), StroIEC, Russkoye Moloko (Russian Milk), and other agro-industrial enterprises, which occupy an area of 3,000 hectares not far from Moscow and in other regions of Russia; they use modern technology and processes to produce milk, et and vegetables, to tan furs and make dur clothes, to process and sell farm produce, and to breed pedigree young stock.
IEC's interests spread to civil engineering. The Company renovates, upgrades, and builds houses, offices, cottages, including turn-key projects, restores historical and religious buildings in Moscow, St. Petersburg and other regions of Russia, implements housing construction projects in rural areas, carries out commercial real estate operations.
The Company's subsidiaries and divisions are engaged in the development of high technologies in Russia, they work to discover and advance domestic high-technology products and projects developed under defense-industry conversion programs, and to export them to the CIS markets and other countries. For instance, the Joint-Stock Company "Meteor-High Speed Vessels" offers passenger and foreign markets. They are considered the best among the innovations of national manufacturers of high-speed water vessels.
The Company is implementing a program of reviving ancient and developing new recepes for the production of kvas - the traditional Russian beverage for many centuries. For that purpose IEC is participating in privatization of a number of enterprises producing non-alchoholic beverages. IEC perfors technological and commercial evaluations of the projects and helps Russian manufacturers and research institutions to participate in international conferences, exhibitions, fairs. In particular, IEC is an owner of exhibition, office, and living space at Changzhou International Machinery and Electronics Trade Town (Jiangsu province) situated not far from Shanghai, Nanjing and other trade and industrial centres of China.
In every field of its activities, the Company operates in close interaction with specialized government agencies, of the Russian Federation. The Company carries out assignments from the Government, contributing to the development and implementation of the major international government of Russia's remote areas- the European North, the Urals region, and Siberia. A subsidiary of IEC, IEC-NEVA, is engaged in active operationsin St. Petersburg, building a network of gasoline stations, supplying foodstuffs and medicines to the region, upgrading and renovating houses.
IEC has business partners in many regions around the world - the CIS, North and South America, Asia, and Europe. The success of the Company's international operations is greatly promoted by the efficient work of its representative offices in Hungary, China and the United States. Through it representative office in Hungary, the Company actively participates in the re-establishment of cooperative links with East-European countries.
High on the list of Company's priorities are charity and support for public education, research, cultural, and environmental progras. A number of charitable programs to render assistance to educational and research institutions of Russia are being implemented. IEC co-sponsors programs devoted to Moscow's 850th anniversary, to be celebrated in 1997, and a World Philatelic Exhibition. In 1995, IEC was the general sponsor of the PETER the Great's Cup international tennis tournament in Moscow.
At the Company's initiative and under the high patronage of His Holiness Patriach of Moscow and All Russia, Aleksii II, the Foundation "For Russian Cultural Initiative" has been established and a Gallery of Russian Art has been opened in the centre of Geneva, Switzerland, to popularize in the West the best trends in contemporary Russian art.
Press conference of RAO "IEC"
"International Economic Cooperation" (IEC Joint Stock Company) [РАО "Международное экономическое сотрудничество" (МЭС)] - the company, which became widely known as a major oil exporter, said yesterday its fifth anniversary. This event was devoted to held at the conference hall of the Moscow Patriarchate press conference management.
As stated at the press conference, President IEC Vitaly Kirillov, his firm is so old, how ever be old AO in post-Soviet Russia - it was founded in 1990 with the advent of in the country of ownership. IEC was the main founder of the financial and economic management of the Moscow Patriarchate, what, in fact, explains why such an exotic place for the commercial structure of the anniversary event. However, the status of the founder, according to Mr. Kirillov, does not mean that the Patriarchate as a part in the commercial management of the company.
Since 1993, "IEC" Joint Stock Company is a special exporter and succeeded in exporting oil through a state needs. Last year, under this heading the company exported 7.7 million tons of oil (about 8.5% of Russia's exports). In this case, the status of special exporter gave us a good opportunity to export oil producers who did not have such status. In total, the company exported 10 million tons. After the liquidation of the institute special exporters situation has changed. The only export quotas on account of state needs to become the company's 2 million tons of oil for reconstruction of the Moscow Kremlin. And decreased amounts of oil provided by the IEC manufacturers on commission conditions.Unfortunate for us turned out to tender for the supply of Russian-Cuban "oil for sugar." However, the management of IEC is optimistic and believes that the reduction of petroleum operations offset by the expansion of activities in the financial markets. What exactly is it, Mr. Cyril said, but among its partners called a number of banks from the world's elite. Great Expectations company assigns to participate in the repayment of debts of the former USSR and investment in the agricultural sector.
- ALEXANDER b-Tutushkin [Kommersant RU]
Подробнее:http://www.kommersant.ru/doc/121700
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