The AvtoVAZ carmaker discusses listing of its Global Depositary Receipts (GDR) on the Frankfurt and London stock exchanges, member of the AvtoVAZ Board of Directors Albert Gavrikov reported at a press conference today. Currently, AvtoVAZ's GDRs are traded on the Berlin Stock Exchange. The share of GDRs in the share capital of AvtoVAZ is less than 1 percent, or over RUR16bn (about $506.53m). According to Gavrikov, the top management of the car producer considers different variants regarding what stake in the company to convert into GDRs.
After WWII, the Soviet army left Austria, and the latter had always remained a neutral state and never joined NATO
Russia experienced default on August 17, 1998. Today, 20 years after those events, the economic situation in Russia does not seem stable to many