A meeting between the Board of Directors of "Irkutsk Grid Company" OJSC took place on December 23 this year in Irkutsk. Company's operation questions were discussed during the meeting. Several decisions were adopted in the following meeting. A business plan 2012 for of the "Irkutsk Grid Company" OJSC was approved. 7 826.146 million of rubles are planned for the investment activity 2012 for the capital construction plan of the "Irkutsk Grid Company" OJSC. Read more.
The Premier Capital company which owns the McDonald's restaurants in Baltic countries is planning to invest 38 million of euros (27 million of lats) in the region for 5 years expanding a network of 35 restaurants, - says the company. Raed more.
The Swiss Technology of power and automation group has received an order worthing over $ 900 million from the Grid Corporation of India to ensure that transmission systems of ultra-high voltage (UHVDC) are to be delivered directly to northern India. Read more.
Car News, Hyundai. The South Korean automaker is planning to invest 12 billion of dollars in the development this year. The production expanding and new developments are in priority. This is the largest investment in the company's history. The purpose of this funding is to increase competitiveness in the scientific research. The company is intending to spend more than 5 trillion of KRW on new developments and about 9 trillion of KRW will enhance the capacity of the enterprise. Read more.
VTB News. The "GAZ" OJSC shareholders held an extraordinary meeting on Friday December 2nd. As a result it caused into a decision to take a VTB loan in amount of 38 billion of rubles for seven years. This was on December 9th by the GAS press service. The credit means provided by the VTB will be sent by the plant to refinance a syndicated loan of the GAS. The Bank is also involved in the companies' affairs according to the agreement cooperation. Read more.
The Geely Automobile Holdings Ltd (known as "Geely" a Chinese automotive holding) is interested in the production of cars in Belarus. Thus the country may receive the cars production by means of the Chinese automotive holding company in the near future. This information has been provided by the press service of the Belarusian government. Read more.
The Kraft Foods company Ukraine is intending to invest $ 40 million into construction of a biscuit shop until October 2011, it has been reported on december 8th by Igor Kharchenko – the factory director of Sumsky Oblast. According to Mr. Kharchenko, a new biscuit plant opens in the 3rd quarter of 2011 and will run the production of cookies, cakes and canapes. Igor Kharchenko has said that the production expansion of the factory will create about 400 new jobs and about 450 jobs in the related service companies like carriers for example. Read more.
A record receipt of export proceeds has brought not much help for the Russian economy - the companies do not invest in their own development as the, "Vedomosti" reports. According to the source "the large and medium-sized business enterprises do have unprecedently a lot of money. The gross volume of investments is 85% of the GDP of Russia." For three quarters of gross investments of large and medium-sized enterprises. It has been made 45.7 trillion of rubles or 85% of projected annual GDP according to the Rosstat data. A year earlier was 66% of GDP and 40% in 2008. The investment turnover has exceeded in 10 times - 2-3 times before the crisis. Almost 60% of turnover came from deposits, 0.9% of them - long-term. Read more.
November 21st Beiqi Foton Motor Co, Ltd has announced about its plans to set up for the markets their products in Kenya, Indonesia and Australia, with investment capital of more than 2 million of dollars for each. The company is intending to spend 2.18 million of dollars for the industry creation in Kenya that is about 13.9 million of yuan. Beiqi Foton Motor Co, Ltd has a positive attitude to the market growth of Eastern Africa and therefore is already acquired with the subsidiary of 99% stake of the new enterprise in Kenya which is the sales leader in the region according to their opinion. The task of a new branch office in Kenya will be an after-sale service and the Foton brand promotion. Read more.
Turkish company is willing to invest 200 million of euros in the construction of wind farms in Belarus. The Turkish company Global Wind Power is prepared to invest 200 million of euros in the construction of wind farms in Belarus, it was told to BelTA journalist in the press service of the State Committee for Science and Technology of Belarus. The project terms were discussed recently with the chairman of SCST Igor Voitova and Turkish investors in Belarus. "The prospects for projects realization of Belarus in alternative energy particularly deals with the construction of wind power stations", - was told to the press service. Read more.