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Inteco receives state guarantees


2010-02-22

Inteco has received state guarantees for €207m borrowed from Sberbank and VneshTorgBank (VTB).
The loans were granted to finance the developer’s projects, which involve the construction of building material production facilities. Sberbank’s €172m loan is, in particular, intended for the rebuilding of the Verkhnebakansky cement plant in order to increase its annual output capacity to 1.3 million tonnes.

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Construction Russia Online is the authoritative source of market intelligence for construction professionals. Reporting on news from the Russian construction market, including contractors & developers, building materials, real estate, planned investments and Ukraine construction market, this news service offers approx. 100 industry news items and features each month. Archives date from 2006, with articles covering both residential and non-residential developments, as well as civil projects.
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Each biweekly newsletter delivers key market news and just-released statistical data to provide you an overview of the market and of events affecting it, concise information on the legislative environment, company news, and insight into the individual segments of the industry and on planned investments. In one place, you will have current statistics on the national and regional construction markets of the Russian Federation, information on output of key construction materials as well as of the construction industry, macroeconomic indicators, and a glimpse at the most relevant statistics on Ukraine and Kazakhstan.
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Language: English
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