Russia to supply another batch of transport helicopters to China in 2018Business & Economy July 21, 11:47
All four turbines produced by Siemens delivered to Crimea despite agreementsBusiness & Economy July 21, 10:11
Records file on Gagarin flight fetches nearly $50,000 at Sotheby’sSociety & Culture July 21, 10:00
Russian-Chinese naval exercises kick off in Baltic SeaMilitary & Defense July 21, 9:47
IMF Executive Board decides on $1.8 billion conditional loan for GreeceBusiness & Economy July 21, 3:34
Turkey’s western coast rocked by 6.7 magnitude quakeWorld July 21, 2:58
ExxonMobil launches legal challenge to finding it violated US sanctions against RussiaBusiness & Economy July 21, 1:36
Russian Knights aerobatic team to perform at Dubai airshowMilitary & Defense July 20, 21:28
Russia looks to its Navy to become world secondMilitary & Defense July 20, 19:10
MOSCOW, December 1. /TASS/. All Russian industries will end the year of 2016 with upside on an annual basis, except the automotive sector, Industry Minister Denis Manturov told reporters on Thursday.
"As far as branches of industry identified today by Russian President Vladimir Putin are concerned, the situation will not change dramatically, all of them will have the upside [as of 2016 year-end - TASS], except the automotive sector," Manturov said.
According to Manturov, production decline in the Russian automobile industry will be about 9% as of 2016 year-end.
"I believe the ultimate figure of year-on-year [decline in automobiles production in Russia - TASS] will be within 9% or probably 8.5%," the minister said.
Production dropped 10% in the domestic automobile industry as of the end of ten months of 2016, Manturov said. Cars production is the main factor influencing on the production rate drop, he added.