Articles by Gleb Stolyarov

Unease Grips ‘Russian Detroit’

  • 01 October 09
  • Reuters
Carmaker AvtoVAZ, faced with plunging car sales, is preparing to cut a quarter of its work force, or 27,600 people, in the largest round of jobs cuts in a single Russian city.

$1Bln in Emergency Loans Almost Gone, AvtoVAZ Says

  • 13 August 09
  • Reuters
AvtoVAZ, partly owned by Renault, said it has spent nearly all the 33 billion rubles ($1 billion) in emergency loans it got from the state, mainly to settle debts to suppliers.

State Railways to Offer Retail Space in Stations

But potential bidders say the lots are either too large or too pricey given the risky market.