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upwards from the previous 7% growth baseline scenario.
The outlook depends on the economic conditions in the second half of 2017, such as oil prices, as well as consumer and business confidence that still remain low despite the positive trends.
Production seen shifting to Russia
Notably, PricewaterhouseCoopers see car and LCV sales in Russia in 2017 rising by 7-11%, in line with previous reports that the share of car imports in Russia is record-low and is set to decline further. Renault also runs a car plant in Russia, at which it makes Renault Duster and Nissan Terrano models.
In these conditions other foreign carmakers rush to develop assembly in Russia, with BMW reportedly intending to build a full-cycle car plant in Russia's Kaliningrad exclave
in a bid to benefit from government privileges available in the region.
The capacity of the future plant was said to likely to correspond with the automaker's total sales in Russia. BMW's investment in the project could be several hundred millions of euros.
PwC also expects foreign cars assembled in Russia to maintain the leading positions on the market. Sales of cars are seen expanding to 1.67mn in 2018 and 1.88mn in 2021.
“PricewaterhouseCoopers see car and LCV sales in Russia in 2017 rising by 7-11%”
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June 16, 2017 www.intellinews.com
Spotlight trained on Russia for World Cup dress rehearsal
Jason Corcoran in Moscow
The spotlight is on Russia as the country prepares to host its dress rehearsal ahead of next year’s foot- ball World Cup amid growing concerning about the readiness of the venues and safety of fans.
The Kremlin has boosted security measures and rushed to complete a controversial
The strange death of Social Democratic Czechia
Robert Anderson in Prague
Czech Prime Minister Bohuslav Sobotka’s res- ignation as Social Democrat leader on June 14 reflects the precipitous decline in CSSD support in opinion polls this year.
The party’s vote has sunk from regularly more than 30% in the noughties, to 20% at the 2013 election,
Launch of the countdown from 1000 days until the 2018 World Cup begins in Russia.
$1.5bn stadium in St Petersburg as it banks
on FIFA’s Confederations Cup to showcase its ability to host a successful World Cup in 2018. The eight-nation tournament kicks off at the scandal-plagued St Petersburg stadium on June
See page 2
Bohuslav Sobotka resigned as Social Democrat leader but stayed on as Czech premier.
to a low of 10%, according to one recent poll.
It now looks all but certain now that the CSSD will be out of power – or at least a leading position – after the next election in October. The expected
See page 3
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