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AVTOVAZ has reduced to 33.5 billion investment program. Br
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AVTOVAZ has reduced to 33.5 billion investment program. Br
Avtovaz shareholders yesterday approved a number of changes in the strategic development plan of the company. So decided to increase production and investment, by contrast, cut. "The Increased production planned investment program is optimized," said Avtovaz head Igor Komarov. The amount of the investment program will be about 4 billion. euros, or 150 billion. rubles. Most of the works of "intends to invest its cash flow." In March the Board of Directors has already made changes in the development plan to the year 2020, and the amount of investment stood at 183.5 billion. rubles. Most of the money was spent in the 2011-2013 period. Avtovaz shareholders today elected a new Board of Directors. The President once again became the General Director of the Russian technologies Sergei Chemezov.
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