Russian space budget may grow this yearScience & Space May 26, 20:48
Moscow hopes London High Court will deliver judgement on Ukraine’s debt to Russia soonBusiness & Economy May 26, 20:21
Hungarian top diplomat: EU must discuss anti-Russian sanctionsWorld May 26, 19:56
Russian, French top diplomats discuss preparations for Putin’s visit to FranceRussian Politics & Diplomacy May 26, 19:47
Moscow comments on Tallinn’s move to expel Russian diplomatsRussian Politics & Diplomacy May 26, 19:43
WADA: Legendary Isinbayeva suits role of ambassador for clean sports in RussiaSport May 26, 19:33
Russia working on advanced air defense systemMilitary & Defense May 26, 19:17
WADA receives Russia’s new national anti-doping planSport May 26, 19:14
Moldova’s ruling pro-European coalition breaks upWorld May 26, 19:12
ST. PETERSBURG, June 23 (Itar-Tass) —— The CEO and principal shareholder of the Russian automotive holding company Sollers, Vadim Shvetsov, does not expect a fall in sales in the automotive market in Russia by the end of the year.
"By yearend we will still have growth," Shvetsov told reporters at the St. Petersburg International Economic Forum this week, commenting on the forecasts of many economists predicting an economic crisis.
He recalled that during the beginning of the economic turbulence demand for automakers’ products usually tends to grow. However, in future, he said, if the situation deteriorates, then there "will be a sharp crash." Shvetsov believes that by the end of the year automakers in Russia will have an increase by an average of 10 percent.
The motor company Sollers in Russia produces such cars as UAZ, Ssangyong and Toyota and has a joint venture with Ford.