Today in Russian Business – October 7, 2009
Source: http://www.robertamsterdam.com/2009/10/today_in_russian_business_-_october_7_2009.htmPosted on Wednesday, October 7th, 2009 | In Investing Lessons, Russia
At the International Nanotechnology Forum, President Medvedev announced that the
global nanotechnology market is worth $250 billion today, and may
increase to $2 trillion to $3 trillion by 2015, placing it on a par with the natural resources market. Russia will spend $10.7 billion by 2015 on its nanotechnology industry to diminish the country’s reliance on raw materials. Renault has apparently agreed to invest in ailing Avtovaz, under warnings from Vladimir Putin that the French company’s stake may be diluted otherwise. Russia’s first IPO since the crisis could be undertaken by the Stem Cell Institute. This month the central bank may reduce its key interest rate to a record low, says Bloomberg. The rate of inflation has fallen to its lowest in two years as food prices dropped. The government expects that the privatization of state property over the next year will garner $2.3 billion, ten times more than previously expected. Valery Nazarov, former head of the Federal Property Management Agency, will be re-appointed to oversee privatization plans.
Last 5 posts by Robert Amsterdam
- Practicing Legal Nihilism - November 24th, 2009
- Energy Blast - Nov 24, 2009 - November 24th, 2009
- Today in Russian Business - Nov 24, 2009 - November 24th, 2009
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- Russia's China Envy - November 23rd, 2009
central bank, Federal Property Management Agency, Food Prices, head, Investing Lessons, Medvedev, president, Putin, Renault, Russia, Russia, Stem Cell Institute, USD, Valery Nazarov
 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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