13.10.10 16:25 Economy
Recently, the only positive economic news in our country (Latvia — W &P) is a speedy introduction of the euro … in Estonia.
As the head of the Bank of Latvia Ilmars Rimsevics, the transition to the single European currency will increase the trust in the Republic of Latvia. Apparently he did not read the British The Daily Telegraph — 25 of economists surveyed by it, only 8 are convinced that the euro zone will come out of the current crisis. A 12 believe that the euro will last no more than 5 years.
Meanwhile, in not belonging to the European Union, or even the World Trade Organization Russia in the quarter (February to April 2010) laid 50 production volume of over 25 million USD each. Among them, 22 — with the participation of foreign capital. What does it mean — Western investors trust the Russian market and economic policy tandem Medvedev — Putin. In Russia there is money not from "laundresses"-ofshorok, but from quite respectable global giants. To name only some of them.
In Tatarstan, Order Now Fiat car plant with capacity of 500 000 vehicles per year (3.6 billion USD); in the Kaluga region Peugeot, Citroen and Mitsubishi erecting car assembly production by 125 000 units (705 million), in St. Petersburg Hyundai car assembly project unfolds at 150 000 vehicles (500 million); tire production to 1.5 million units created in the Lipetsk region Yokohama (400 million) building a plasterboard plant in the Irkutsk region Knauf (150 million), John Deer tractor-factory opens in Moscow region (125 million); ice cream factory and logistics center of Uniliver will work in the Tula region (115 million).
Apparently, the pros outweigh the direction of Russia in the eyes of foreigners is well-known disadvantages. Why are they not being made in the "fraternal countries of capitalism" in the Baltics? Yes, because all the same — there are not enough major markets, there is no labor in sufficient numbers. None of these projects simply could not pull neither Latvia nor its neighbor.
Generally accepted stereotype is that the Russian economy is "sitting on the raw needle." Of the 50 largest investment projects in commodities is definitely there. So, the very first in terms of investment is the oil refinery of Russian company "Taneco" in Tatarstan (4.37 billion dollars). There is also a gold processing plant in the Krasnoyarsk region (500 million) line for the production of methanol in the Tula region (175 million), a coal mine in Yakutia (150 million). However, agree that diversification is present here. As they say, not a single fuel and energy complex. Although the two new CHP plants — 450 MW in the Yaroslavl region (660 million) and 240 MW in Tatarstan (467 million) — for three months laid. As a growing industry without electricity generating capacity!
A variety of specialized areas is impressive. It seems that soon there will come a boom in the Russian food-industry — 50 of 11 manufacturing facilities belong to the realm of food. Here and meat to 25,000 tons per year of hamburgers in the Moscow region (150 million dollars), and poultry for 40 and 108 thousand tons of poultry in the Bryansk Region and Krasnodar Territory (each — 100 million), and a dairy farm in the 1200 head in the Smolensk region (30 million).
In parallel with the production of toilet paper, diapers, plywood and plastic packaging in Russia is the direct embodiment is that neither is a high-tech. During the quarter, began construction in Nizhny Novgorod region most modern rolling mill of 1.5 million tonnes of wide steel plate (1.560 billion USD); polysilicon plant by 5,000 tons in the Irkutsk region (650 million) plant lithium-ion batteries in the Novosibirsk region (450 million ) turbine-generator plant in St. Petersburg (200 million), Solar Panels in the Irkutsk region (190000000) factory nanomedicines in the Sverdlovsk region (130 million), Microsystem plant in St. Petersburg (41 million), the plant power transformers in Voronezh region (40 million); carbide tool plant in the Yaroslavl region (33 million). The vast majority of high-tech production of means of production (in the Soviet terminology — Industry Group A) is generated by the money of Russian investors.
Russia's real economy is breaking yet another stamp — that "all the money in Moscow." In fact, Moscow accounts for only one project — a laboratory and factory medications ($ 70 million), an area 4 more. All the rest are spread across the regions. Moreover, there is a return to the major backbone industries. After all, for a relatively small and lean Vologda region truboprofilny factory "Severstal" on 250,000 tons of pipes (100 million USD) ctanet locomotive of the entire economy.
Investment activity in Russia in general is uniform — it corresponds to the elementary area of human settlement. Remain "unclaimed" only the North-East Caucasus, southern Volga region, Pskov and Novgorod regions. But — the reservation — it is a project worth 25 million dollars!
It seems that due to the political irresponsibility of the ruling authorities of Latvia destined to sleep for their own investment opportunities. But the bottom of the crisis — is the best time to start growing. Are present when the cheapest starting conditions. Well, if it was applied to the intelligible industrial policy. We are not the same as it was, and is not — all in the tale about the "invisible hand of the market" we believe.
However, Latvia and can sit down next to someone else's growth. Gasoline with a new giant plant in Tatarstan, pipes from Vologda, methanol from Tula somewhere will have to export. Most likely, it will be Europe. It would not hurt to look at a neighbor's train schedule and not miss the opportunity to jump on the bandwagon!
(With inputs from the "Expert").
Source: "News Today", Latvia Editor: Bred