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Russia’s President Expects AFK Sistema to Invest in Russia
Russia’s President Dmitry Medvedev expects AFK Sistema to set up new jobs in the country and inject money in big projects. “We need ambitious tasks, achievements on global market, the economy won’t be strong without it,” Interfax quoted Medvedev as saying during his Friday meeting with AFK Sistema CEO Vladimir Evtushenkov.
The core business of AFK Sistema is telecom, and the company covers over 40 percent of Russia’s market in this field, Evtushenkov specified. “We launched wide expansion to other countries in 2006,” he pointed out, adding that the company was granted an operation license in India, which is a vast market with the population of above a billion, has an agreement with Bangladesh and has agreed with China on rendering mobile services in the border territories.
“In the recent 15 years, the company has turned into a global player in certain directions, which has been recognized by the world community,” Evtushenkov said. But it needs the state support. “The investments are measured by dozens of billions and the political support of the government is needed to expand overseas.”
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