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breakingnews
23.07.2010, 08:57
Exams for European banks are nearly over, with the results of stress-tests on ninety one financial institutions to be released on Friday. But analysts aren’t expecting major problems.
22.07.2010, 18:08
The global steelmaking sector has upped output during 1H 2010 to 706 million tones, with Asian producers showing the strongest growth, but Russian producers still lagging behind 2007 output.
22.07.2010, 16:05
Ben Bernanke’s address to the US Congress sent a mild tremor through global markets with its ‘unusually uncertain’ assessment of the world’s largest economy and gloomy outlook on employment.
13.08.2010, 14:21
Russia’s car producers are expected to get a boost from the creation of a new Special Economic Zone in the Stavropol district of the Samara-Togliatti region announced by Industry and Trade Minister, Viktor Khristenko.
02.06.2009, 16:07
1 comment
Japanese carmaker Nissan has opened its first production plant near Russia's St. Petersburg.
30.07.2009, 10:01
2 comments
Russia’s biggest car maker, Avtovaz, has denied media reports that it plans to cut more than 27 thousand jobs. However the company has been struggling with falling demand, and is facing problems debt with debt.
19.10.2009, 20:28
1 comment
Mounting losses at Avtovaz, have stakeholders muttering about stemming the losses and bankruptcy, as the company races against time to rev up its range, slash employees, and service crippling debts.
04.01.2010, 11:31
1 comment
RT has obtained copies of a bizarre letter, asking thousands of Avtovaz workers to switch to undefined jobs at an unknown company.
23.11.2009, 20:56
A government meeting on Tuesday will discuss a rescue plan for Russia’s beleaguered domestic carmaking industry, with a Boston Consulting Group report saying it needs foreign partners, import protection and $22 billion.
27.10.2010, 10:12
Russian steel producers are concentrating on domestic demand, with tax breaks for key users, including the carmaking industry, boosting their bottom line while global demand remains subdued.
Published: 23 July, 2010, 12:14
Edited: 23 July, 2010, 23:12
Russia's iron and steel producers have come in for fierce criticism from the government for their pricing policies. Metal consumers, such as car makers, have deferred purchases citing high prices.
In case if criminal case will not work, then this problem could be fixed very easy without through fiscal policy. Increase taxes on metal then redirect funds to the main steel consuming sectors such as construction, carmaker, Russian railways, and oil and gas companies. Kindly from Canadian experience.