| Recently, the first companies on the 2007 National Development Register for St. Petersburg have been named. As a result of a corporations’ efficiency analysis, North-West Telecom was included on the Register one of the first, and recognized as “one of the best representatives of the Russian economy having every chance for further development, which enables retaining the positions already reached.”
The International Investment Consulting Center (Moscow) awarded its Certificate to North-West Telecom to verify that NWT had passed an integrated financial status analysis and was classified in the high financial stability group by its basic financial indicators.
The Register is generated by the International Investment Consulting Center in order to promote the business and investing activities of the Russian economy by publicizing economically stable enterprises, and is annually published in the Rossiyskaya Gazeta.
The data basis for the financial analysis was the Company’s balance sheet and profit and loss statement as of January 1, 2005, January 1, 2006, and October 1, 2006.
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