Prime Minister flags support for locally made cars
Published: 19 December, 2008, 15:55
Russian Prime Minister, Vladimir Putin, has called on the state to subsidise interest rates on loans for Russians who want to buy locally made cars.
This will affect cars which are in the mass demand sectors whose price is up to 350 000 roubles. According to Putin, the size of such subsidies will stand at two-thirds of the Central Bank's refinancing rate. At the same meeting addressing additional measures to stabilize the situation in the Russian car producing industry, he also had good news for foreign carmakers.
“Foreign companies working in Russia also have the right to receive help from the government. Of course this is on the condition of complete implementation of our requirements regarding localization of production.”
Rouble in the spotlight
Gazprom warns on Ukraine gas debt
American investors looking for Rouble stability
19.12.2008, 14:37
American investors looking for Rouble stabilityAmerican business is getting more concerned about investing in Russia as the government lets the Rouble fall and protects local producers. Russian authorities maintain they'll support local businesses to prevent job cut |
19.12.2008, 17:17
Here’s your bonus, pal; don’t mind the toxic stenchSwiss bank Credit Suisse will be giving a very special present to its investment executives this year – bonuses loaded with the toxic assets they’ve made. |
