Today in Russian Business – Jan 8, 2010

Whilst among most analysts the BRIC nations are being touted as the new investment success story, this article unequivocally warns readers off one country in particular:  ‘while Brazil, India and China enjoy solid growth, the remaining member – Russia – has fallen to the bottom of the pack. And with good reason’.  US business mogul Shari Redstone plans to buy the Russian theater chain Rising Star from her family firm and expand it under the new name Kinostar.  Spyker Cars, owned 30% by Vladimir Antonov, may be looking to enter into a partnership with sinking Saab, as, according to Reuters, Russia is still on the hunt for new technology following the fallen-through Opel deal.  South Korea’s Daewoo Shipbuilding & Marine Engineering has won a $400 million order to build a marine plant in Russia.  A Welsh engineering firm is looking to secure contracts that could be worth £150 million to supply seats to two of Russia’s top aeroplane producers.