Magazines — RZD-Partner International — 4 (12) December-February 2007
4 (12) December-February 2007
ÎÀÎ RZD outlines the long-term targets: Railway engineering development passes ahead of the general rates of industrial development in Russia. OAO RZD Vice-President Valentin Gapanovich comments on the basic prospects of the sector, production acceptance criteria and problems the national engineering sector is to face in the near future. Target-Oriented Development: At present the RF Ministry of Transport is developing a new Federal target programme “Development of Transport System of Russia” with the budget worth RUR 3 trln. The programme will be implemented in 2010–2015 and is aimed at modernization of large-scaled projects in road, railway and sea transport.
Let’s fight rolling stock deficit!: Deficit in rolling stock has resulted in railway machine engineering boom and as a result growth of demand for new railway engineering production by OAO RZD and private operators. In 2007 growth of rolling stock production is estimated at 15%.
Accounting According to International Standards
COMPANY / OAO RZD
In OAO RZD, the accounting system is being reformed. The most important aspects in the new approach are the transfer to IFRS (International Financial Reporting Standards), making financial flows more transparent, and centralisation of client servicing. The accountant-in-chief of OAO RZD Galina Kraft told a journalist of “The RZD-Partner International” about the most important innovations.
