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Annual average rate of 2007:
1 USD ($ USD)   = 29.39 rub.
1 EUR (€)           = 41,42 rub.

Currencies exchange rates (as of 11.06.2010): 
1 USD ($ USD)  = 31.5742 rub.
1 EUR (€)          = 38.0217 rub.

15.01.2010  
Inflation
                      0.7% »зм. 0%
Gold and currency reserves        441.4 bln. USD
Oil Brent (ICE)         71.62
                          USD/ barrel
GDP               II квартал 2009 год 9 326,4 bln. Rub.
Exports            24,5 »зм 1,8 bln. USD
Imports           15.5 »зм. 1.6 bln. USD
Fixed asset
investments
   01.07.09г. 621,7 »зм. -49.4 bln. Rub.
Consumer price index
(as of 01.8 / 31.08.2009)
  100 »зм. 0% - for food
commodities
              99.1 »зм. - 1.5%
- for non-food
products
                   100.6 »зм. - 0.2%
- for paid services rendered to the population         100.4 »зм. - 0.4%
Forecast rates on                         
1 USD ($ USD) = rub.
1 EUR (€)          = rub.
–усский  /  English

Construction and operation of a 4-star hotel complex (Caucasus Hotel) in Grozny

Short overview
Region
City/town
Grozny
Project description
Х project initiators are duly competing all bureaucratic procedures needed for large-scale design and land survey operations;
Х a preliminary technical examination of the territory has been completed;
Х an architectural concept of the hotel complex has been prepared;
Х potential providers of design, repair and construction services and competitive bidding participants have been selected;
Х companies wishing to provide hotel management and ensure sufficient occupancy have been selected;
Х expert evaluation of the volume of one-time expenses and operating costs under this business plan has been completed.
Unique features of the project
Х situation in an historic part of the city;
Х backing from the municipal administration;
Х no need to purchase the land plot allotted for the hotel complex (long-term lease is offered). The territory may be privatized upon completion of construction.
Estimated cost of the investment project (Euros)
14 147 000
Shareholders' own resources (%)
28.53
Borrowed resources (%)
71.47
Availability of design estimates (yes or no)
An investment project developed by the Direct Investments Institute, Moscow
Company name
Housing and Utility Infrastructure Ministry of the Chechen Republic, Republican Hotel Business state unitary enterprise
E-mail
mgkh_95@mail.ru
Web-site
Type of the project
Hotels and recreation. Culture

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