Today in Russian Business – October 9, 2009
Source: http://www.robertamsterdam.com/2009/10/today_in_russian_business_-_october_9_2009.htmPosted on Friday, October 9th, 2009 | In Investing Lessons, Russia
VEB, which holds a blocking state in Vimpelcom, will apparently agree to the merger of the mobile operator with Ukrainian company Kyivstar. Car sales in Russia fell 52% in September year-on-year, a slight improvement on August’s drop of 54%. State-controlled VEB bank has extended loans for six companies, including Gazprom’s oil unit Gazpromneft. Reuters reports that Italian automaker Fiat is interested in launching its SUV in Russia. Fiat SpA has said that its CNH unit has signed a letter of intent with truck-maker Kamaz for a joint agricultural and construction equipment project. The government will provide around $170 million in financial assistance to state-controlled defense industry corporation Oboronprom and titanium producer Vsmpo-Avisma. Russian Railways has reported that 2008 net income dropped 47% from a year earlier to $2.6 billion. Russia has placed Hermitage Capital Management chief William Browder on its international wanted list for tax evasion charges, seeking for his arrest abroad.
Last 5 posts by Robert Amsterdam
- Energy Blast - Nov 26, 2009 - November 26th, 2009
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 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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