>>roussel: each year we are growing. there is a leader market which is france and then switzerland. and now it's coming from more and more countries in the world like usa, new zealand, sweden, norway.also in chile, argentina so it's really growing and for us we are the leaders in the market. >>reporter: the national speed riding championships take place over several disciplines, the derby event, essentially slalom, speed riding style, where competitors have to touch down between specific gates, and big mountain freeride, the purest expression of the sport. >>bon: the derby style is always funny because it's like a game you play with your friends and you try to be as technical as possible but for me the true spirit of speed riding is the free ride task. it's a face, it's slow you express yourself as you want with your technique and your idea of the line and your idea of the style and then there is a jury which is noting all that kind of criteria is, technique, fluidity, style, line. >>reporter: and it is events like these

world's largest producer roussel has reported results below expectations for the second. net profit declined seventy percent to three hundred forty million dollars as costs are passed growth of price and production however the russian companies positive about the future it expects demand to grow thirty percent this year pinning its hopes on domestic market and emerging economies. now as the markets are travelling in a turbulent role a national verna capital advisors to buckle up with more liquid stocks. i think at the moment you should really be opting for safety. there's a lot of volatility at the moment so although there's a lot of value in russian stops i think right now you need to be looking where safety is the best liquidity so that stands broad munro's near maybe spangler's bank has been performing quite poorly recently it stocks that provide some kind of protection at the moment although you know quite frankly i would be sitting in cash . russian retailers don't want to help from foreign giants to develop the russian market the country's leading chain x. five and

percent the company's board is meeting to consider making another offer to its major shareholder roussel to buy back its shares and coal miner a spot square is gaining around three percent in the wake of posting a twenty percent fall in the second the revenue. for investors who are keen to jump into the russian market at the moment peter weston from the range of interesting stories is quite limited. where you want to be if you have to be in russia it's going to be telecom selectable sumus and some select a new tool to select victims is a difficult concept election side to it but i do think when it when it comes to cyclical stocks you have to very careful financials in russia looks fantastic to be honest but the problem is that when you see a market that goes down because of a financial crisis you are going to see financials being hit in europe and the us the russian banks that are listed and our previous song will get punished by association. business will join me in fifteen minutes time i'll be here with an update alice is next with that it's. going to be soon which brightened if you kn

otoh roussel to buy back its shares and while major role snifters were also up more than two percent the company's revenue rose thirty three percent in the first half of the year reaching more than twenty two billion dollars now for investors who are keen to jump into the russian market at the moment peter weston from at home says the range of interesting stories is quite limited. where you want to be if you have to be russia it's going to be telecom selected consumers and some selected utilities select victims it's difficult because you have the election side to it but i do think when it when it comes to securing our salt you have to very careful financials and russia looks fantastic to be honest but the problem is that when you actually have market goes down because of the financial crisis you are going to see financials being hit in europe and the us the russian banks that are listed and our previous song will get punished by association. from enjoying the beautiful marina course and most will be here in fifteen minutes time with the business up. if. it can hit dr swines policeman

although roussel to buy back shares and major roles now there's also what the company's revenue rose thirty three percent the first of the year reaching around twenty two million. for investors who are keen to jump into the russian market at the moment peter weston from out on says the range of interesting stories is quite limited where you want to be if you have to be in russia it's going to be telecom selected consumers and some selected utilities select utilities difficult because you have the election side to it but i do think when it when it comes to cyclical stocks you have to very careful financials in russia looks fantastic to be honest but the problem is that when you see a market that goes down because of a financial crisis you are going to see financials being hit in europe and the us the russian banks that are listed and our previous sound will get punished by association. and most of on this edition of the business news on odyssey coming up next the headlines with rory. is easy to. easy to. see. for the full story we've got it first hand the biggest issues get a human vo

girls critical is the time to buy back its shares from roussel has once again failed neuros call for it's a buy a fifteen percent stake for sol for around nine billion dollars this was poured over there for by the company to resolve a dispute between its suit because shareholders who sell has consistently maintained that it has a long term interest and norilsk and is not prepared to sell out. russia's inflation has reached a five percent in the first seven months of the year and that's four times higher than the european average consumer prices have fallen in the last two months as fruits and vegetables go cheap birds are used to seasonal factors meanwhile citibank is lower in its forecast for the country's g.d.p. for this year and that stupid civil or oil price although it says this could lead to a further reduction and inflation. that's all the business news for now for more stories head to our web site starts you don't call them slash business but in the meantime say it soon all the headlines with valerie. for the full story we've got it for. the biggest issues get a human voice f

quarter in a conflict between roussel and real cynical over management. in which was saul owns fifteen percent well. in other news russia is having some success in attracting foreign truck makers to assemble vehicles in the country south africa's bell equipment is launching a new plant in the year olds the company will use facilities of the local plant to produce up to two hundred more trucks while the price of the vehicles that is up half a million dollars a truck make a plan stream cruise the portion of locally produced by sixty percent in the future to take advantage of government tax rates. ok that's the business news for now for more stories you can log on to our website or to dot com slash business where you can find more analysis and another update in about forty minutes. most of the fukushima philosophy. maximum thrust. muslim efficiency. mark some comfort. muslim maneuverability most navy asian decent to denmark's moscow's model famous here show on technology update here on r.g.p. we've got the future covered. welcome back here with r.t. here is