OREANDA-NEWS. On 05 June 2009 was announced, that May of the current year was the most challenging for the Altay grain processor PAVA. Amid global economic and financial instability, in Russia in particular, on May 4 PAVA paid out the 10th coupon yield on the bond loan, and on May 6 the company successfully fulfilled its obligations on the repurchase of the bond loan (series 02). 29.36% of the loan was presented for repayment. The grain processor fully satisfied all requests for bonds repurchase, which was another proof of its reliability on the market of public borrowings.

PAVA farming units started spring sowings as scheduled, doubling the wheat acreage. Today, all operations are conducted according to the terms stated in the business plan.

In end-May, Russian Ministry of Industry and Trade summarized the results of the annual competition “Leading Russian Exporter”. PAVA was announced “The most rapidly developing Russian exporter of the industry”.

To recap, following the results of 2008, PAVA shipped abroad over 70,000 tonnes of grain processing products, surpassing the company’s 2007 figure by 84%.