Today in Russian Business – Aug 5, 2008
Source: http://www.robertamsterdam.com/2008/08/today_in_russian_business_aug_2.htmPosted on Tuesday, August 5th, 2008 | In Emerging Markets, Market Commentary, Russia
From Reuters: “Investors are plowing money into Russia’s open lands to resuscitate the long-neglected farm sector and supply a world in ever greater need of food. This year’s Russian wheat crop promises to be the best in 30 years.” The waiting lists to buy cars in Russia can be very long, with buyers often waiting up to a year to buy a model of their choice, unless they “grease someone’s palm”. The historical pedestrian zone of Arbat in Moscow is being cleared of souvenir stands and artists. A cut in year-end forecast by Renaissance Capital is a sign of “continued investor jitters”. A unit of Severstal has acquired Italian-based wire-rope producer Redaelli Tecna for an estimated $100 million. The potential sale of Stolichnaya vodka is shrouded in mystery. The FT writes on Russian inflation.
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Emerging Markets, invest in russia, investing in russia, Market Commentary, Russia, russian stocks
 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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