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. Last Updated: 07/27/2016

09/10/2009

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Renault Creating Local Parts Network

Instead of licking its wounds from a 25 percent stake in struggling carmaker AvtoVAZ and a collapsed Russian market, Renault is investing to build a chain of high-quality local parts makers.

Kadyrov’s European Plans Raise Eyebrows

Chechen President Ramzan Kadyrov caused a stir in some European capitals on Wednesday after his press service announced that Chechnya would open representative offices in six European countries.

Duma Reconvenes Without a Budget

Squabbling over next year's budget will delay its passage this fall, leaving Duma deputies to tackle other bills first, including state regulations on retail prices, the deployment of troops abroad and new restrictions on foreign teachers.

GDP Fell 10.9% in 2nd Quarter

Combined Reports
The government forecasts GDP slumping as much as 8.5 percent for all of 2009, after growing 5.6 percent in 2008.

Russian Technologies Seeks Control of KamAZ

By Kirill Khripunov / Vedomosti
An Interfax source said the controlling stake in the truck maker could be bought for $300 million to $320 million, valuing KamAZ at $2.3 billion to $2.5 billion.

Miller Puts Oil at $100 in ’10

Combined Reports
Gazprom chief executive Alexei Miller, never shy about predicting crude prices, said Wednesday that the oil price could hit $100 per barrel next year, and expressed hopes that further tussles with Ukraine over gas transit could be avoided.

Moscow Decides to Join Rosavia After All

By Anastasia Dagayeva / Vedomosti
Deputy Mayor Vladimir Silkin told Vedomosti that City Hall would participate in the new airline, tentatively named Rosavia.

Sberbank Beats Q2 Profit Forecast

The Associated Press
Sberbank, Russia's top lender, beat forecasts with a net profit of $173 million in the second quarter of 2009 as it managed to boost its margin on lending despite rising numbers of bad loans.

France Dunks Russia at Eurobasket

The Associated Press
The loss means that Russia could be eliminated from the tournament if Latvia beats Germany later Wednesday in Group B.
Deputy Prime Minister Igor Sechin standing near his car outside a forum where he and Venezuelan Oil Minister Rafael Ramirez on Wednesday were finishing up one of several agreements that President Hugo Chavez was expected to sign after his arrival in Moscow on Thursday.

Issue 4229

Deputy Prime Minister Igor Sechin standing near his car outside a forum where he and Venezuelan Oil Minister Rafael Ramirez on Wednesday were finishing up one of several agreements that President Hugo Chavez was expected to sign after his arrival in Moscow on Thursday.

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