Nov 27, 2006

Russia's buying spree continues

Riding the high commodity prices, Russian companies shop for acquisitions abroad. Only last week, the Evraz Group, controlled by the oligarch Roman Abramovich, offered $2.3 billion for Oregon Stell Mills (OSM). This acquisition follows the trend of strengthening and consolidation of other Russian core industries like the oil and natural gas industries.

Whether this trend will be beneficial to Russia's economy remains to be seen. The scepticism however, appears to be growing. In their coutry analysis released today, the Organization for Economic Cooperation and Development (OECD) was critical of the cozy relationship between Moscow and the industry. According to the report, the growing nationalization and consolidation could (read the trend is so strinking that the use of euphemisms is no longer sufficient) lead to corruption and inefficiencies. The striking example, of course, is Gazprom which follows the course of quick acquisitions of related and unrelated businesses, whose operational efficiencies, however, are not on par with its competitors from the developed world.


Anonymous said...

good day fellas. I'm actually into shoes and I had been looking for that singular brand. The prices as regards the velcros are approximately 220 dollars on every site. But completely I base this area selling them for half price. I absolutely like these [url=]prada sneakers[/url]. I will probably order them. what can you say about it?

Anonymous said...

good evening ppl. I'm honestly into shoes and I was searching as far as something that particular make. The prices for the boots were approximately 330 dollars on every page. But completely I found this site selling them for half price. I absolutely want these [url=]gucci sneakers[/url]. I will definetly order them. what do you think?

Anonymous said...

hi there dudes. I'm honestly into shoes and I was searching for that singular brand. The prices seeking the velcros are approximately 180 pounds on every page. But definitively I base this area selling them for the benefit of half price. I absolutely like those [url=]gucci sneakers[/url]. I will definetly buy those. what is your opinion?

Academics Blogs - Blog Top Sites