Eastern European Markets
March, 28. 2006

Avenir to create one of the biggest accounting outsourcing providers in Russia

Due to Robust Growth on the Russian Market Avenir Corporate will take over the Accounting Services Business of Hellevig, Klein & Usov

Avenir Corporate has been on the Russian market since 1998. Avenir Corporate offers accounting, financial due diligence and tax services coupled with a full range of all required business administration services connected with feasibility studies, due diligences, M&A Support Services and marketing studies.

Avenir Corporate is among the only professional companies also offering confidential fiduciary services such as; handling and signing of bank accounts; temporary and formal general directorship; independent directors for board work; administration & professional directors, and company secretary services

Avenir is a leading outsourced service provider in all these fields. Avenir Corporate is a Russian based firm with strong international ties. The group serves the needs of local and Western companies which are expanding their businesses and also those companies that are already active on the Russian market.

Avenir Corporate accounting services are in demand among the world’s major international corporations. Usually the accounting services go together with other corporate services. Avenir’s accounting resource pool consists of 50 accountants in Moscow and St. Petersburg. The services of Avenir Group are geared to assist Western and Russian companies in all their business administration needs while setting up and developing the business in Russia. Avenir Corporate covers auditing needs all over Russia with our Avenir Accounting Partners Network. Presently, the partners’ resource pool include 20 certified auditors.

Hellevig, Klein and Usov is a leading law firm active on the Russian market since 1998. The partners of the firm are Jon Hellevig (Finland), Daniel Klein (USA), and Artem Usov (Russia).The firm serves international and Russian major clients on the growing Russian markets. Today, Hellevig, Klein & Usov operates two offices with 15 attorneys in Moscow & St Petersburg.

Avenir and Hellevig, Klein, Usov are located on prime office locations in the centers of Moscow (Bulgakov House) and St. Petersburg (Svedsky Pereuolok 2). – The firms plan to register joint offices in Samara, Yekaterinburg, and Ufa by end of year 2006.

Avenir Corporate works also as a real estate business consultant Avenir Corporate stresses the need to secure the best real estate development services for clients: the services range from search of land plots to construction management and consulting on lease agreements. The firm provides consulting and search for real estate plots transactions. The company works as full service developer for the Russian real estate development projects.

The Group’s recruitment division offers additional expansion opportunities all through Russia through its recruitment division Avenir Recruitment. It employs over 50 staff, serving the recruitment needs all over Russia with offices in Moscow and St. Petersburg and an extensive partners’ network in the Russian regions

For further information:
Mika Kokkonen, Avenir Corporate
Mobile FIN: +358 50 327 4837
Mobile RU: + 7 812 948 4312

Jon Hellevig, Hellevig, Klein & Usov
Mobile: +7 495 517 0969
Office: +7 495 225 3038

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