Sviaz-Bank to Give Bank Guarantee to Burevestnik Research Institute
OREANDA-NEWS. December 21, 2011. Sviaz-Bank’s branch in Nizhniy Novgorod is about to offer a bank guarantee of 176 million rubles to the Burevestnik Central Science Research Institute OJSC, to be effective until the end of 2012 to back up the institute’s government-level contract for completion of research and development projects, reported the press-centre of Sviaz-Bank.
The Burevestnik Central Science Research Institute is engaged in systems research to develop, manufacture, modernize, and dispose of artillery ordnance.
The institute also develops civilian products such as equipment for railroad car and locomotive depots, railroad car repair plants, and freight rolling stock.
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