How did the economic situation impact the services sector in Russia last year, and Eurasia Drilling specifically?

The main implication for the sector and for Eurasia Drilling was a reduction in the volume of jobs performed, and a small readjustment of pricing structures. Financially, companies working in Russia that report in US Dollars or Euros were affected by the devaluation of the rouble, which naturally impacted companies such as EDC, who are listed. At the end of 2008 and the beginning of 2009, there were large concerns throughout the sector, but as the oil price stabilised and capital expenditure started to return amongst the big oil and gas players, it meant that 2009 was not as bad a year as had been anticipated.

I cannot say that Eurasia Drilling was completely ready for the crisis, but the company took reactive steps in order to reduce the impact of the decrease in sales volume. For example, the capital expenditure programme was scaled back; an overhead reduction strategy was put in place; we made some changes to the company’s personnel structure, and reduced expenditures on ... more.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.