Coca-Cola plans to invest USD 3bn from 2012-2016 in Russia, companys CEO Muhtar Kent announced. Overall, for the period from 1990 to 2016 investments will amount to USD 6bn. Currently Coca-Cola and its bottling franchisees operate 17 plants in Russia, including those on the base on Multon and Nidan juice producers acquired by the company in 2005 and 2010, respectively. This week the company opened a plant in the Rostov region (investment of USD 120mn, capacity of 450mn litres annually), which is going to supply winter Olympics 2014 in Sochi with soft drinks. |
As Cyprus is trying to come up with new ways to raise EUR 5.8bn needed to secure the financing from ECB, EC, and IMF, Russia's participation in the package is not clear. According to the latest ... more
Fitch Ratings believes that resolution of the Cyprus crisis with a deposit levy or some other form of burden sharing involving creditors is unlikely to result in material losses for Russian ... more
Russia and China discuss contracts that would triple exports of Siberian oil through various transport corridors, Reuters reports citing unnamed sources in the industry. Rosneft is discussing ... more