News

On Monday, 12 March, the Volgodonsk Office of the Center-Invest Bank was presented to the public. The presentation was attended by V.V.Vysokov, Deputy Chairman of the OJSC CB Center-Invest, F.A.Kushnarev, Director General of OJSC Rostovenergo, and representatives of the Administration and the business circles of Volgodonsk.

Another ABM of the Center-Invest Bank was installed last week. This ABM performs operations with the plastic cards of the Europay Int. and Visa international payment systems. Moreover, in Rostov-on-Don only the Center-Invest ABMs accept the American Express and Diners Club cards.

February, 15 Minister of economic development and trade German Gref together with the governor of the Rostov region Vladimir Chub has visited the informational - educational complex «Center- internet».

On 26 January 2001 the Agreement on Crediting of Investment Projects for Small and Medium Businesses in the Rostov Province was signed by the Ministry of Economics, International and Foreign Trade Relations of the Rostov Province, the Center-Invest Bank, and the Rostov Regional State Fund for Support of Small Businesses.

The Euromoney Magazine sponsored the Forum of Central and East European Issuers and Investors held on 16-17 January in Vienna. That was the first European meeting at such a high level after Christmas. The Forum was attended by a record number of participants - more than 800. The only representative of the Russian South was Prof.V.V.Vysokov, Vice President of the Center-Invest Bank, who was invited as the author of the article published in the October issue of the Euromoney Magazine under the title of 'The Center-Invest: a Russian Bank Working to International Standards'.

This main principle of planned economy became the leitmotif of "Biz plan 2001" seminar passed November 15. Organizers of the seminar: "Center-invest" bank and "Rostovenergo" corporation have returned modern sense to this slogan.

In the October "EUROMONEY" issue (160 000 drawing, is sent to leading European financial institutes) was published article of "Center-invest" vice-president professor Visokov "Banking in Russia using IAS").

The western media is sometimes preoccupied with Russia's black economy.Today, while there is a substantial degree of black economic activity, there is a far greater proportion of fully regulated and legal economic activity that fulfils all Russian regulatory standards as well as compliance with the tax code. An increasingly large number of companies are operating at international levels of transparency and financial accounting.