PRESS DIGEST - RUSSIA - Nov 23

Fri Nov 23, 2012 5:18am EST
 
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MOSCOW Nov 23 (Reuters) - The following are some of the leading stories in Russia's newspapers on Friday. Reuters has not verified these stories and does not vouch for their accuracy.

VEDOMOSTI

www.vedomosti.ru

- President of Russia's second-largest phone handset retailer Svyaznoy, Maksim Nogotkov, has invested $1 million in launching a social network for people who want to promote their civil initiatives. He plans to invest another $5 million in 2013, the paper writes.

- Inflation in Russia is expected to reach 7.5 percent in the beginning of 2013, the daily writes citing experts.

- Russia's car maker Avtotor and Magna International Inc have agreed to create a car making hub in Kaliningrad with investments of up to 100 billion roubles ($3.21 billion), the daily reports.

KOMMERSANT   Continued...