Avtovaz in top gear
Published: 01 December, 2011, 15:17
Igor Komarov, Avtovaz President, tells Business RT about the Company´s ambitious plans
“Russia is going to be the biggest car market in Europe,” trumpets Igor Komarov, Avtovaz President in an interview to RT. Such optimism comes despite fears Russian car producers will be hit hard once the country joins the WTO.
Rusagro profits caned
Russia’s flagship food producer, Rusagro Group reported a dramatic decrease in net profits to 1,026 billion roubles for the first 9 months of 2011, that’s despite improved production efficiency figures and growth of Group net sales.
Australian court puts MMK on ice
A court in Australia has frozen part of the assets of Russia’s Magnitogorsk Iron Steel Works (MMK) in the country, in a disupte with Kazakhstan’s Eurasian Natural Resource Corporation (ENRC).