Funeral ceremony for UN Ambassador Vitaly ChurkinRussian Politics & Diplomacy February 24, 10:35
Moscow appoints acting permanent representative to UN after Vitaly Churkin’s deathRussian Politics & Diplomacy February 24, 8:25
Pentagon wants more senior-level talks with Russia on security of flights in Syria — mediaWorld February 24, 8:15
IAAF approves application of three Russians to compete as neutral athletesSport February 24, 1:43
US lawmakers present no evidence of Russia’s interference in US election - Russian MPRussian Politics & Diplomacy February 23, 21:42
Russia to continue strengthen its Armed Forces - PutinRussian Politics & Diplomacy February 23, 21:37
4,000 Russian nationals fight among militants in Syria - PutinRussian Politics & Diplomacy February 23, 21:31
Opposition’s demand of Assad’s immediate resignation absurd - Russian envoy to GenevaRussian Politics & Diplomacy February 23, 16:34
Moscow celebrates Defender of the Fatherland DaySociety & Culture February 23, 16:19
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.