Portrait of Vladimir Putin is seen in the news conference hall of Interfax.
Photo: Grigoriy Sobchenko
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Interfax, D&B Set Up Venture
Dun & Bradstreet (D&B) that is the world leading provider of corporate data sets up a venture with Russia’s Interfax Group. As a result of it, D&B will widen four fold its base of Russia’s entities, while the SPARK-Interfax subscribers will get access to the data on nonresident companies and the chance to find information on beneficiaries of Russia’s companies set up by oversea offshore firms. Nowadays, news agencies don’t confine to the news but search for the ways of business diversification, the analysts explain.
U.S. D&B is setting up a venture with Interfax Group, D&B Chief operating officer Sara Matthew told analysts in time of the last teleconference. This move will widen D&B’s database on Russia’s entities from 800,000 to 4.2 million entries. Interfax-D&P is being established pari passu to give access to the consolidated database of partners, pointed out Interfax Executive Director Vladimir Gerasimov.
Estimating the project budget isn’t easy, Gerasimov specified. The better part of money went to improve SPARK Professional Market and Company Analysis System of Interfax built up by using the data of official statistics, Federal Financial Market Service, Federal Tax Service and other sources. SPARK was integrated into the D&B database; each company of Russia recorded in SPARK has the DUNS number, “the so-called foreign passport,” the official said.
According to Interfax, the cooperation with D&B will enable to find data on beneficiaries of Russia’s companies founded by oversea offshore firms. The demand for disclosing data on entities grows 60 percent each year. The market size was at least $20 million in 2007 with SPARK accounting for a fourth of it at the minimum, Gerasimov said.
www.kommersant.com
All the Article in Russian as of May 16, 2008
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