Russia's passenger car sales to grow 14.8% in '11

Feb 09, 2011 12:00 AM

New passenger car and light commercial vehicle sales in Russia are expected to grow 14.8% in 2011 year-on-year to 2.19 mm cars, an official at the Industry and Trade Ministry said recently. Alexei Rakhmanov, head of the ministry's automobile department, said the forecast was made taking into account all state programs for auto industry support, including the "cash-for-clunkers" program and the program of vehicle purchases by federal ministries and departments.

The "cash for clunkers" program allows automobile owners to trade in their old cars, if they are at least 10 years old, in exchange for a 50,000 ruble ($1,670) state certificate to help buy a new car produced in Russia. Rakhmanov said that 434,950 certificates were issued under the "cash-for-clunkers" program as of February 8, 2011 and as many as 320,040 motorists had already purchased new vehicles.


Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.

Cover_242-width

The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


 

Upcoming Conferences
« May 2019 »
May
MoTuWeThFrSaSu
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31

Register to announce Your Event

View All Events