Putin backs creation of system to promote Russian goods on domestic marketBusiness & Economy April 25, 19:15
OSCE concerned over Russia’s declaring Jehovah’s Witnesses extremist organizationWorld April 25, 19:00
Russia to complete import substitution program for helicopter engines by 2019Military & Defense April 25, 18:39
Government is not going to reject floating ruble rate, Putin saysBusiness & Economy April 25, 18:10
Russian Navy rids itself of dependence on Ukrainian enginesMilitary & Defense April 25, 17:55
Ukraine's refusal to continue military cooperation prompts Russia to create new industriesMilitary & Defense April 25, 17:50
FIFA Secretary General on her mission and expectations from Confederations CupSport April 25, 17:39
Russia's Ansat helicopter to debut at aerospace show in MexicoMilitary & Defense April 25, 17:03
Putin points out Russian weapons' top performance in Syria helped boost exportsMilitary & Defense April 25, 16:33
SAMARA, November 10 (Itar-Tass) —— A car plant with the volume of production of 120,000 Lada cars a year will be built in Kazakhstan. As the AVTOVAZ press centre reported, a memorandum on strategic partnership to create full cycle car production was concluded in Ust-Kamenogorsk (Kazakhstan) on Thursday. The document was signed by AVTOVAZ president Igor Komarov, head of the East-Kazakhstan Region Berdybek Saparbayev, chairman of the council of directors of the group of companies BIPEK AVTO Anatoly Balushkin and president of the company AZIA AVTO Yerzhan Mandiyev.
It is planned that the construction of the plant will begin in the East-Kazakhstan Region in 2012. The launch of the first stage of production (90,000 cars a year) is planned in 2015 and the second stage (another 30,000 cars a year) - - in 2017. The volume of investments is about 500 million dollars.
The cars made in Kazakhstan will be sold in the markets of Central Asia, the Trans-Caucasus, the Siberian and Far Eastern Districts of Russia.