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New Governor Of Alaska
02-22-2008, 01:22 PM
Many companies are doing just that.

GM and Nissan make Russian move

The Russian car market grew by over 14% in 2005
Car giant General Motors has begun construction of a new car plant in Russia, with rival Nissan set to build its own factory nearby.
The two plants near St Petersburg are part of a surge of Russian activity from world carmakers, eager to tap into a fast-developing market.
Consultants Ernst & Young claim the Russian car market grew by 14% last year to 1.8 million vehicles.

http://news.bbc.co.uk/2/hi/business/5075466.stm


Toyota unveils new car plant for booming Russian market

SAINT PETERSBURG (AFP) — Toyota inaugurated its first assembly plant in Russia on Friday as the country's car market booms and the Japanese automaker aims to become the biggest producer in the world.

http://afp.google.com/article/ALeqM5j2cMc_TcmFeA3YtcPxjw28ZovYoA

http://kremlin.ru/dyn_images/img155019.jpg

http://www.kremlin.ru/dyn_images/img155021.jpg

December 21, 2007
SHUSHARY VILLAGE, LENINGRAD REGION.
Visiting the Toyota Plant.
Source - http://www.kremlin.ru/eng/text/images/155020.shtml

Russia car market seen bigger than Germany
Mon Nov 19, 2007

FRANKFURT (Reuters) - Strong growth in Russia is set to make it Europe's second-biggest car market after Germany next year, the finance chief of General Motors Europe said at the Reuters Autos Summit in Frankfurt on Monday.

With new car sales of around 2.5 million in 2007 and still growing quickly thanks to booming commodities markets, Russia is set to leapfrog Britain and France next year and soon overtake Germany as well, Luca Maestri said "Both Russia and Ukraine have been very strong this year. As we look at the way our sales have grown in these markets I think there is going to be additional growth next year. I think next year Russia is going to be the second-largest market after Germany," he said.
Calling Russia "the next China" in terms of explosive growth, Maestri said it was already the same size as Italy's market and bigger than Brazil or India.
GM aims to sell around 250,000 cars there this year.

Continued...
http://www.reuters.com/article/Autos07/idUSL1927098620071119


Putin attends opening of Toyota's new St. Petersburg plant
21/ 12/ 2007

http://img.rian.ru/images/9359/16/93591648.jpg

ST. PETERSBURG, December 21 (RIA Novosti) - Russian President Vladimir Putin attended the launch ceremony of a new Toyota plant, which opened on Friday near his home town of St. Petersburg in northwest Russia.

Putin was given a tour of the factory and watched as the first vehicle rolled off the assembly line at the plant, which plans to produce 20,000 Toyota Camry cars a year and will employ around 600 workers. Investment in the project was over 5 billion rubles ($202 million).
"I want to congratulate all of you on this event... Two years ago we...laid a stone for the foundation of the future plant. Frankly speaking, it was hard to believe that the plant would be up and running in two years," Putin said.

read more - http://en.rian.ru/russia/20071221/93651267.html


Volkswagen to became part of Russian auto industry

http://www.dw-world.de/image/0,,1922551_4,00.jpg

28/ 11/ 2007

MOSCOW. (RIA Novosti economic commentator Mikhail Belov) - The next two months will see several "premieres" from the auto industry since three foreign car assembly plants will open in Russia in a row.

A dozen similar projects are planned for the next three years as well. By now, almost all the key players in the international car-manufacturing market have opened production facilities in Russia, largely due to the recent industrial policy pursued by the two agencies responsible for the local auto industry's development - the Ministry of Industry and Energy and the Ministry for Economic Development and Trade.
On November 28, major German carmaker Volkswagen said it officially commissioned its assembly plant near Kaluga in central European Russia.

Volkswagen intends to assemble seven VW and Skoda models at the Kaluga plant. The total projected capacity of the plant, 150,000 cars a year, may be doubled in the future. This may be one of the largest foreign car assembly projects in Russia, but it is not the only one.

READ MORE - http://en.rian.ru/analysis/20071128/89997657.html


Traffic jam in Moscow -

http://thegrumpiest.com/wp-content/uploads/2006/12/moscow_traffic_02.JPG


European Car Makers Eye Russia for Expansion

Großansicht des Bildes mit der Bildunterschrift: Volkswagen hopes the Polo will become a car for the Russians
"Made in Russia" may not be a label that draws attention of new car buyers. But some German automakers are betting it will help give them a foothold in eastern markets.

http://www.dw-world.de/dw/article/0,2144,2172647,00.html

WilliamC
02-22-2008, 01:24 PM
The Russians are building a new steel plant in North Mississippi...

Here's an article about it if anyone is interested. (http://www.forbes.com/global/2007/1210/066.html)

cageybee
02-22-2008, 01:42 PM
I propose a Russian Investment Fund. Anyone interested?

theseus51
02-22-2008, 02:18 PM
Somehow I don't really want to invest in a country, which is essentially run by a corrupt, power hungry dictator.

cageybee
02-22-2008, 02:42 PM
Somehow I don't really want to invest in a country, which is essentially run by a corrupt, power hungry dictator.

you are ABSOLUTELY wrong!

I am going to paste one of my comments elsewhere in regards to Russia. But before I do, I must tell you that Putin is not a corrupt dictator as the west portrays him. The FSB (former KGB) had to rescue the Russian government from an organized crime that was headed by Yeltsin and had ties to the west. The FSB had sent Putin undercover to work in the government to take back Russia from the organized crime supported by the west. Once he became the PM of Russia, he basically "put a knife" to Yeltsin's throat and told him that he needs to make him his successor. Once Putin became the Russian president, he put all of the FSB personnel to all of the important posts and gave lots of powers to the FSB. So many corrupt government personnel have been sent to prison since the FSB regained control of the country.

And here is my paste:

"The difference between the Russian Imperialism and American Imperialism is this:

American Imperialism is run by the CFR - a group of reach whose goal is to control everyone in the world and who have no regard for human life.

Russian Imperialism is run by the FSB (former KGB) - a group of very intelligent individuals that are patriots of their country and respect human life.

Both, Russia and US have a central bank that belong to private hands, but, in US, our central bank (FRB) has a little oversight and does whatever they want even if it is bad for the American people; however, the Russian central (CBR) is under control of the FSB and is scared to do anything against the Russian people, because the FSB is very intimidating and can even play very dirty and get away with it.

So, which imperialism is better? The one that is run by the rich who care about no one but themselves, or the one that is run by the regular people of the country who make sure everything is done for the people of their country?"

klamath
02-22-2008, 02:50 PM
Wow! We are in the russian nationalist forums now.

cageybee
02-22-2008, 03:03 PM
Wow! We are in the russian nationalist forums now.

no, this is not a "russian nationalist forum". we are sharing intelligence with you so that you can learn what is really going on in the world.

cageybee
02-22-2008, 05:47 PM
The Russians are building a new steel plant in North Mississippi...

Here's an article about it if anyone is interested. (http://www.forbes.com/global/2007/1210/066.html)

Russians love investing in metals.

sparebulb
02-22-2008, 07:32 PM
Somehow I don't really want to invest in a country, which is essentially run by a corrupt, power hungry dictator.

I'm confused whether you are referring to Russia or the USA.:eek:

cageybee
02-22-2008, 09:46 PM
I'm confused whether you are referring to Russia or the USA.:eek:

lol good one.

New Governor Of Alaska
02-26-2008, 07:55 PM
Russia’s largest bank may loosen credit rules

http://www.sbrf.ru/eng/Images/logo390x68.gif

Banks around the world may be tightening credit requirements, but in Russia the country's largest bank, Sberbank, is considering making is easier for borrowers to gain credit to bring more greater competition to the market.

The bank’s management is ready to make loans without the traditional guarantor - family or friend - who vouches for a borrower’s good character. They would also take in to account all sources of income, and not only income statements from the employer.

The bank’s been expected to overhaul its lending practices ever since the former Economic Development Minister German Gref became Sberbank’s CEO last November.

READ MORE - http://russiatoday.ru/business/news/21344


http://www.sbrf.ru/eng


http://img.rian.ru/images/8997/44/89974427.jpg

Ex-economics minister German Gref elected Sberbank CEO
http://en.rian.ru/russia/20071128/89968893.html

New Governor Of Alaska
02-27-2008, 11:35 AM
Renault gets go-ahead to buy 25% stake in Russia's AvtoVAZ

http://upload.wikimedia.org/wikipedia/en/thumb/0/08/Renault_logo.svg/200px-Renault_logo.svg.png

http://www.renault.com/renault_com/en/main/index.aspx

27/ 02/ 2008

MOSCOW, February 27 (RIA Novosti) - Russia's Federal Antimonopoly Service has approved a deal for France's Renault to buy a blocking stake in Russia's largest carmaker AvtoVAZ, the service's chief said on Wednesday.

"We approved this deal yesterday," Igor Artemyev told journalists.
The Russian state-run Technology corporation, which includes the AvtoVAZ car plant based in the southern city of Togliatti, said in a news release later on Wednesday that the contract and a cooperation agreement with the French giant would be signed on Friday.
The price of the deal has not been disclosed. However, Sergei Chemezov, head of the Technology corporation, said earlier the stake would be sold at a price close to its market value. Experts estimate the blocking stake at around $1.3 billion.

In the first six months of 2008, the carmaker's shareholders - state arms exporter Rosoboronexport and Troika Capital Partners investment - are expected to complete procedures to end the plant's cross-ownership structure and consolidate 75% plus one share. The 25% stake will be sold to Renault from these shares. The deal is planned to be finalized in mid-2008.
Renault already owns 25% in AvtoVAZ, and will control the stake de facto after February 29.
Renault launched production of the inexpensive Renault Logan model in Russia in late 2005 at the Moscow-based Avtoframos plant, in which the Moscow city government has a stake. The French giant invested $250 million in the project and plans to invest another $150 million to double the plant's capacity, which hit 80,000 cars last year.

http://en.rian.ru/russia/20080227/100159674.html


http://www.vaz.ru/english.html

http://www.russiablog.org/avtovaz_logo.jpg

New Governor Of Alaska
03-19-2008, 12:03 PM
Global economic bubble is bound to burst
18/ 03/ 2008


MOSCOW. (RIA Novosti economic commentator Yelena Zagorodnyaya) - The U.S. dollar has made headlines around the world because of new record low exchange rates reported in New York, London and Tokyo. At the same time, oil, gold, metal and food prices are skyrocketing.

One must not be fooled by Russian analysts' optimistic reports of new records for oil prices and jeering comments about the economic problems of the United States and the declining dollar. The global economy is like an oversized bubble and with the cheap dollar and expensive assets threatening to burst it, everyone may be hit.

On March 17, the dollar registered its lowest exchange rate since the euro started trading in 1999 - $1.59 per euro, the lowest exchange rate against the Japanese yen in the past 13 years - $1 per 95.7 yen, and the lowest rate against the ruble in eight years - 23.44 rubles per $1.

Gold and oil have never been so expensive in absolute terms. On March 17, oil rose to $112 per barrel on Asian exchanges and gold hit $1,021.75 per troy ounce in London, compared with $998.20 last Friday.

http://en.rian.ru/analysis/20080318/101621862.html