BMW may sign investment deal for Kaliningrad plant in 2-3 months - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

BMW may sign investment deal for Kaliningrad plant in 2-3 months

YEKATERINBURG, Jul 10 (PRIME) -- GermanyТs BMW plans to sign a special investment contract to build a car plant in the Kaliningrad Region in the next two to three months, BMW Group Russia CEO Stefan Teuchert told reporters on Tuesday.

УWe hope that this issue will be solved soon. This is an issue of the next two to three months, I suppose. But the date has not been set yet. We are still at a final stage of coordination, we are yet to pass a commission of the Industry and Trade Ministry,Ф he said.

He added that the company can sign the contract only after an interdepartmental commission of the government approves it.

BMW has not yet chosen the site for the plant, he added.

BMW has been assembling several types of its cars at KaliningradТs Avtotor since 1999. In 2012, the company and Avtotor started negotiations on a joint venture, but they broke down due to the 2014 economic crisis in Russia.


10.07.2018 11:35
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 78.0753 +0.3224 22 sep
USD 66.2497 -0.2228 22 sep
Stock Market Indices
1D 1W 1M 1Y
rtsi 1149.53 +0.78 18:50 21 sep
micex 2426.80 +1.08 18:50 21 sep
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 158.64 +2.78 18:49 21 sep
lkoh 4737.50 +0.78 18:49 21 sep
rosn 440.40 +0.39 18:47 21 sep
sber 193.44 +1.19 18:49 21 sep
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 78.0275 -0.1025 14:59 21 sep
USDTD 66.5250 -0.2275 17:44 21 sep