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|**BISNISHome PageSearchBISNISEmbassyReportsCountryReportsIndustryReportsCustomsCornerPublicationsSourcesof FinanceFinanceLinkLeadsand EventsExchangeRatesState ExportsOtherSources** |  | April 1999New Website --  "Investment Opportunities in Russia," created with the support of the
Russian Federal Commission for the Securities Commission, is a new website aimed at providing
all the complex organizational and technical information needed to build a bridge between Russian
companies and international investors. The site will offer professional, concise business plans and
other investment documents; disclose financial information about the company according to
International Accounting Standards; provide management consultancy services, including advising
firms about restructuring; and prepare professional business valuations and provide legal support.
Visit the site at www.ivr.ru.Another new site offers exchange rates for all major currencies for the past 2 years:
www.oanda.com.World Bank --The World Bank announced on March 4 that it has approved a US$21
million credit for the Electricity  Transmission and Distribution Project in Armenia, representing the
first phase of a broader restructuring program in the country's power sector. The goals of the
program include placing Armenia's power sector on an efficient, commercial footing; meeting
electricity requirements in a reliable and costeffective manner; and attracting private capital to meet
the bulk of the capital requirements in the sector. The credit for Armenia is a new loan instrument
known as Adaptable Program Lending, which was approved by the World Bank's board of directors
in 1997. It allows for greater flexibility than traditional loan instruments to support more complex
and longer term projects.This report is provided courtesy of the Business Information Service for the Newly
Independent States (BISNIS)