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 chairman of the German government-backed trust designed to oversee the sale of Opel has said that GM cannot afford to keep control of the European unit, as it needs to focus on its fortunes stateside.  According to the New York Times, the company's Vice President maintains that it wishes to sell but that certain questions remain.  The president of AvtoVAZ, Boris Alyoshin, has resigned.  Russia plans to create a holding company to put together the state's stakes in the country's two biggest car makers, Avtovaz and Kamaz.  Car manufacturer Gaz is adapting to the conditions of a low-demand market, says its CEO.  The Moscow Times reports that the number of consumers planning to buy a car within the next year has doubled to 6%.  VTB has acquired rights to a controlling stake in developer Don ...