Today in Russian Business – Nov 3, 2009
Source: http://www.robertamsterdam.com/2009/11/today_in_russian_business_-_nov_3_2009.htmPosted on Tuesday, November 3rd, 2009 | In Investing Lessons, Russia
Jason Bush in Forbes suggests that Russia’s recovery may be buoyant: ‘while
the Russian government is still cautiously forecasting 2 percent GDP
growth in 2010, many independent economists are already predicting
growth of as much as 5 percent next year’. Oleg Deripaska’s heavily-indebted RusAl has made a deal to sell 1.68 million tons of aluminum to Chinese state corporation Norinco over seven years. Renault COO Patrick Pelata has told the press that whilst the French car giant will support bankruptcy-skirting Avtovaz, the company will not supply the cash booster shot that the Russians allegedly want. Corporate loan portfolios and overdue corporate loans fell slightly in September, as the ruble gained in value. The Russian Gold Industrialists Union has announced that gold production rose 14.6% in the first nine months of 2009, year-on-year, an increase they attributed to a number of new projects in the Far East. The Moscow Times reports that companies controlled by Kabardino-Balkaria President Arsen Kanokov bought the Milan center in Moscow – prior to the crisis – for ‘prestige’ purposes. Russian-born businessman Len Blavatnik has bought a British cinema distribution business from Hollywood actor Mel Gibson.
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actor, Arsen Kanokov, AvtoVAZ, car giant, Coo, Far East, Hollywood, Hollywood actor, Investing Lessons, Jason Bush;, Len Blavatnik, Mel Gibson, Moscow, Norinco, Oleg Deripaska, Patrick Pelata, president, Renault, Russia, Russia, Russian Gold Industrialists Union;, Russian Government
 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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