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Economy

Fitch improves outlook for ALROSA rating

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The Fitch Ratings International Rating Agency has improved the outlook on the long-term issuer default rating (IDR) of ALROSA from stable to positive. The rating itself is affirmed at 'BB +'.

Housing and communal payments are the lowest in the Far East

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"Given the difficult conditions and objectively high tariffs and prices for utilities, air travel, certain food products, in 2017 more than 20 billion rubles were provided for their subsidizing in the budget,” said the head of the republic Egor Borisov reporting on the activities of executive authorities in 2017 to the State Assembly (Il Tyumen) of Yakutia.

Lensk River Port starts navigation

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ALROSA announces the opening of the navigation period in the Lensk River Port. The navigation of 2018 will last 155 days, the port plans to take 330 thousand tons of cargo.

‘Yakutugol’ purifies air at the plant

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‘Yakutugol’
Holding Company began replacing the dust exhausters at the Neryungrinskaya coal-preparation plant. The new technology purifies 98% of the dust and gases produced during coal enrichment.