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Russian ministries to review Avtovaz's business plan
RBC, 16.03.2010, Moscow 13:38:59.The Russian Economic Development, Finance, and Industry and Trade Industries are expected to review Avtovaz's business plan on Thursday, head of the Industry and Trade Ministry's automobile industry and agricultural mechanical engineering department Alexei Rakhmanov told journalists today at the 13th international automobile forum. Earlier today, Deputy Economy Minister Andrei Klepach stated that the company's business plan could receive approval from the ministry in the near future. "Avtovaz's program is strong and it deserves support," he said. According to Avtovaz's business plan, the company estimates its investments at EUR 3bn in the period up until 2020, and its production is expected to reach 1m automobiles per year.
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