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Today in Russian Business – 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.