Today in Russian Business – July 31, 2008
Source: http://www.robertamsterdam.com/2008/07/today_in_russian_business_july_21.htmPosted on Thursday, July 31st, 2008 | In Emerging Markets, Market Commentary, Russia
Today’s UK Telegraph says that Prime Minister Vladimir Putin’s comments about Mechel have made foreign investors “extremely wary of the Russian stock market.” Russian machine builders are calling for state intervention to help them access the technology of foreign majors. Russia’s Home Mortgage Lending Agency’s potential plans to offer less to those buying mortgages financed at below 12% “would hurt the market and banks but bring interest rates on home loans in line with the international market”. “Conditions for Russian investment in the EU are far from perfect,” says one Russian journalist. “Some EU “open” tenders have turned out to be closed to Russian companies.” Inflation has finally slowed, with the economy going a full week without any consumer price growth. Norilsk Nickel shares jumped amid speculation that the company would enter merger talks with billionaire Oleg Deripaska’s United Company RusAl, despite reports to the contrary.
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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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