Business
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Turin / Yelabuga. Fiat Group Automobiles and its Russian partner will open a new plant in Russia in hopes they can carve out a bigger share of that country's booming foreign car market. A company executive told Automotive News Europe (ANE) that the new factory will make about 60,000 units of the Fiat Linea lower-medium sedan each year.
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Moscow. Sukhoi’s Russian regional jet Superjet-100 will be displayed to the public for the first time on Wednesday in Konsomolsk-on-Amur. The jet will mark Sukhoi’s debut in civil aviation.
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Moscow. Opel is coming: The Russian Ministry of the Economy has signed off on six new agreements with carmakers on setting up production. All in one day, and two of them involving General Motors.
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Sydney. Australia intends to supply Russia with uranium over the next thirty years. One billion dollars of atomic fuel will be delivered annually. Both parties assure that it will only be used for civilian purposes.
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Moscow. Russia has admitted fluctuations in its oil pipeline deliveries to Germany. But state-owned pipeline operator Transneft denied responsibility, alledging that Lukoil was to blame for the drop in supplies.
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Zhukovsky. Stringent security precautions accompanied the opening of the Moscow aviation show MAKS 2007. And right on the first day, a number of deals were concluded – including for Sukhoi’s SU fighter jets with Indonesia.
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Ekaterinburg. The Hyatt luxury hotel chain is currently building its first hotel in the Ural region in regional capital Ekaterinburg. It will be the second Hyatt hotel in Russia. The $107 million hotel is intended to host the meeting of the Shanghai group in 2009.
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Moscow/Beijing. Russian financial circles are following the looming conflict between the USA and China with great interest. According to a Beijing newspaper, if China was to sell some of its US government bonds, the dollar would collapse.
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