NEWS HEADLINES for Eastern Europe and Russia

Russian car market increased by 22% in the first quarter
May 2012  

Russian car market increased by 22% in the first quarter - Ministry of industry and trade

According to preliminary data, car market of Russia increased by 22% in the first quarter of 2012, said the acting head of Ministry of industry and trade of RF, Denis Manturov, in the meeting about Russian car industry development in terms of Russian entry in WTO. By his words, the highest sales growth was shown by foreign cars of Russian assembly and traditional Russian brands showed some fall. There is also growth in segment of trucks, wrote "Praim" agency.

Meanwhile, the production volume of passenger cars in Russia will reach 3 million units per a year by 2020, informed Vladimir Putin in the meeting of domestic car industry development. By his words, the support of domestic car industry must strengthen its export potential and to provide the needs of internal market. Premier underlined that conditions of concluded agreements about "industrial assembly" of cars won't be changed till July of 2018. He reminded that the total volume of investments that was announced within new conditions of "industrial assembly" is more than 300 billion Roubles.  

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