Wednesday, June 1, 2011

Vnesheconombank made it a condition automaker Fiat

EBV does not exclude the financing of projects of Italian concern Fiat in Russia, RIA Novosti reported on Friday, April 8, citing State Bank Deputy Chairman Anatoly Ballo. The condition of the credit institution - the presence of a Russian partner, Fiat. "We are considering funding the project, but we have questions. There is no Russian partner, and advanced technology - they remain within the group Fiat, and it confuses us. Therefore, if the Russian partner is found, thereby to support the Russian car industry, then yes, most likely, we will consider our participation, "the agency quoted Ballo. Sources RIA Novosti news agency earlier reported that Fiat is considering several sites in Russia to build its own production. The company plans to operate in Russia itself, but does not exclude the possibility of partnership. Fiat is considering several sites in special economic zones, particularly in the Lipetsk region, Samara region and Tatarstan. According to company estimates, investments in new production capacity of 300,000 vehicles (lowest bracket of the new regime industrial assembly) will be around 1 billion euros.

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