By Citizen M | Published: March 2, 2010
Economic recovery for the Russian Bear is ‘
just around the corner‘, says
Reuters, but notes that the banking sector ‘
still faces the threat of a crisis‘. RenCap, rebounding after being heavily hit by the financial crisis, has formed a joint venture with a
Serbian counterpart. Moscow-based developer Lider is
trying to inspire buyers by offering a kilogram of gold to those who pay up front for new apartments. French engineering group Alstom could cooperate with TransmashHolding on a
€1 billion contract to supply 200 locomotives for Russian railways. The Federal Anti-Monopoly Service may
retaliate in court against several Russian and foreign companies for flouting the law for investing in strategic industries, which requires companies to seek permission from a specially created government commission before moving in for a major deal. Renault has
expanded production and introduced a new model in Russia to tap what it views as ‘
the biggest potential‘ market. Carmaker GAZ has
finished restructuring its $1.3 billion debt. Mikhail Prokhorov has
lost his $53.3 million deposit on a mansion in Nice. Carrefour may have left Russia, but its fellow French supermarket chain Auchan is
continuing to expand there.