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PSA Peugeot Citroen said Wednesday it was considering building cars in Russia
PSA Peugeot Citroen said Wednesday it was considering building cars in Russia, which would make it the latest foreign automotive concern to set up shop in the ex-communist country. The France-based carmaker, Europe's second largest, said in a statement that it was studying several options for a deal, including partnership agreements with Russian carmakers. The company, which opened a representative office in Moscow in 1992, said it had yet to make assessment of investment and capacities. Russia has recently become an attractive market for foreign carmakers, including Ford, which assembles its cars in the Leningrad Region town of Vsevolozhsk, Renault in Moscow and General Motors, BMW and Kia in Kaliningrad, Russia's European exclave on the Baltic Sea. This month Russia signed an agreement with Volkswagen AG to open a car-making plant in Russia. Japan's Nissan is also planning to launch production in Russia soon and SeverstalAvto, a major Russian automotive concern, has signed licensing agreements with Italy's FIAT, South Korea's Ssang Yong and Japan's Isuzu. AvtoVaz and General Motors are producing the Chevrolet Niva 4WD. Deputy Economic Development Minister Kirill Androsov said Monday the ministry was in talks with several major carmakers and that investment agreements could be signed prior to Russia's accession to the World Trade Organization, which officials say is likely in 2007.
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Governmental delegation from Moldova will arrive in Moscow Monday for further talks over Russian natural gas supplies in the second half of 2006
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LUKoil intends to double hydrocarbon output to 4 million barrels a day by 2015-2016
The following rates of exchange of foreign currencies to the ruble of the Russian Federation
The number of people killed by the crash of a helicopter at the airport of Kemerovo on Friday morning has increased to four
Belgian customers officers have seized and destroyed about 9,000 bottles of counterfeit French-branded cognac from Georgia worth $200,000
The following rates of exchange of foreign currencies to the ruble of the Russian Federation
Proposal by Russia's prime minister to create a new trade ministry could be an attempt to undermine Economic Development and Trade Minister German Gref
Pyaterochka Holding N.V. will take out an $800-million syndicated loan to finance its merger with Perekryostok
AvtoVAZ said Friday it had signed an agreement on technical cooperation for 2006-2010 with German company Bosch
Boeing will purchase titanium products worth $18 bln from Russia over the next 30 years
The Sochi authorities “are going out of their way” to win the right to host the 2014 Winter Olympics
Around 100,000 orphans were adopted in Russia this year
Annual inflation in Russia could be 6.5-8% in 2007
Alfa-Bank said Thursday it had signed a $438 million syndicated loan
The following rates of exchange of foreign currencies to the ruble of the Russian Federation
Mosenergo said Wednesday it will pay 453.9 million rubles in dividends for 2005
Russia has withdrawn from a joint program with Ukraine to produce the An-70 military transport aircraft as the project is outdated
Pyaterochka Holding N.V.said Wednesday its net profit fell 5% year-on-year in the first quarter of 2006 to $21.2 million
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