Today in Russian Business – Aug 22, 2008
Source: http://www.robertamsterdam.com/2008/08/today_in_russian_business_aug_15.htmPosted on Friday, August 22nd, 2008 | In Russia
Contributed by: Robert Amsterdam (http://www.robertamsterdam.com/) -
Could business – “the most progressive force with any remaining power in Russia today” – save the country’s reputation? Analysts weigh the pros and cons of Russian investment – some say Russian stocks remain good targets for high-risk investment. Nonetheless, the Central Bank of Russia’s figures show investors pulling out of Russian funds at the fastest rate since the country’s 1998 debt crisis. EuroChem, the Russian mineral fertilizer producer, is seeking to organize a $1.5 billion loan to refinance existing debt. Apple has agreed to let Mobile TeleSystems, VimpelCom and MegaFon sell its iPhone in Russia. Russia’s unemployment rate fell to 5.3% last month.
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Tags for this Post:
Central Bank of Russia, EuroChem, mineral fertilizer producer, Russia, Russia, USD
Central Bank of Russia, EuroChem, mineral fertilizer producer, Russia, Russia, USD
 About Robert Amsterdam (http://www.robertamsterdam.com/)
Robert Amsterdam is a lawyer and an advocate for rule of law. His blog was created to express views which may stimulate debate and discussion on topics of international interest. Robert believes that we live in a world of unchallenged impunity, and he views his blog as merely a small attempt to shine a light on issues he views as important in countries with which he is engaged. He make no apologies or pretense of objectivity - he is merely stating his opinions. |
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