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    Eurasian Transport Hub for the Silk Road Economic Belt to be Built in Outskirts of Moscow

    By Marina Romanova Russia and Kazakhstan plan to build a 400,000 TEU international logistic center ‘Central Dry Port’ in Moscow suburbs, Russian daily Kommersant reports. Russian firm Coalco Development and KTZExpress, subsidiary of Kazakhstan’s Railways, signed an agreement on this project on October 5th. The construction site of the logistics hub handling containers passing along[…..]

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    Hyundai Motor’s Russia to Ship Cars to Georgia and Tunisia

    By Marina Romanova Hyundai Motor’s Russian plant in St Petersburg will start exporting Russian-assembled cars to Georgia and Tunisia this month, the company said in its statement yesterday. The world’s fifth-biggest automaker will ship the Solaris, its flagship model in Russia, to Tunisia and its Accent and Creta models to Georgia. Creta will also be[…..]

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    Russians Prefer Pricy, Attractively-Equipped Cars

    Aug. 31 – Sales of budget-priced cars have declined in the Russian market for the first half of 2012, an Ernst & Young study says. Budget models that cost up to 600,000 rubles (US$18,737) accounted for less than half (49.5 percent) of total car sales countrywide, compared to the 55.8 percent of the market it[…..]

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    Kamaz to Launch First Assembly Plant in the EU

    Jun. 11 – After a meeting with Kamaz officials in Vilnius, Lithuanian Prime Minister, Andrues Cubilus told the Baltic News Service that Russian truck maker, Kamaz, together with local partner Autobagi, plans to assemble trucks in Lithuania starting in September of this year. The Lithuanian production line will be used to target sales in Eastern[…..]

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    Toyota Corp. to Open Dealerships in Far East Russia by Next Summer

    Dec. 23 – Toyota Motor Corp. plans to open new authorized dealer’s centers in the Far East Russian cities of Khabarovsk, Vladivostok and Nakhodka by summer of 2012, President of Toyota Motors Russia Takeshi Isogaya said in a statement released to the press. Dealer’s centers would be established in concentrated areas within the cities already[…..]

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    Italy and Russia to Expand Bilateral Cooperation

    Oct. 27 – In spite of its own economic problems, Italy has managed to become Russia’s second largest trade partner in Europe after Germany. Trade turnover between the two states reached US$37.3 billion in 2010, according to the Russian Customs Service, representing a respectable recovery after trade turnover dropped to US$25 billion in 2009 after[…..]

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    Mazda Motor to Build Automobile Plant in the Russian Far East

    Jun. 24 – Japan’s Mazda Motor Corp. plans to build a US$80 million automobile plant in the Russian Far East to meet demand for Asian brands in the region, economy ministry official Dmitry Levchenkov said yesterday according to Interfax. “We have signed an agreement with Mazda under the old industrial assembly regime. Production will be[…..]

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    Toyota to Produce Vehicles in Russia’s Far East

    Feb. 11 – Toyota will join forces with Russian automaker OAO Sollers to boost auto production close to the locations where demand for cars is growing, the Nikkei newspaper and Kyodo News agency reports, citing unidentified sources. Toyota will ally with Japanese trading house Mitsui & Co to use the existing Sollers factory in the[…..]

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    Renault-Nissan to Raise its Stake in AvtoVAZ

    Nov. 1 – French auto-maker Renault SA and its Japanese alliance partner Nissan Motor Co. are in negotiations with Russian investment banking company Troika Dialog in a bid to purchase its 25 percent holding in Russia’s AvtoVAZ, the brokerage said Thursday. “As part of our long-term strategy, the alliance will continue to make investments in[…..]

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    Hyundai Starts Up St. Petersburg Car Assembly Plant

    Sept. 27 – Hyundai Motor launched its first Russian full-cycle car assembly plant in St. Petersburg. The company invested a total of US$500 million in the facility, which will work in pilot mode until the end of this year and start commercial production in January. Production at the plant will include stamping, welding, painting and[…..]

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