OREANDA-NEWS. Open Joint Stock Company "Vimpel-Communications" ("VimpelCom" or the "Company") (NYSE: VIP), announced that its management will continue to operate the Company in 2007 in the ordinary course of business. 

The Board voted in favor of the proposed 2007 consolidated budget by a majority vote.  Pursuant to the Company’s charter, the necessary vote to approve the proposed consolidated budget is 8 out of 9 directors. 

As in 2006, as a result of the continuing disagreement between the directors regarding the spending of funds respecting VimpelCom’s subsidiary, Ukrainian Radio Systems, there were not 8 votes cast in favor. 

However, as in 2006, the Company will operate within the parameters of the proposed consolidated budget for 2007.