Measures on financial recovery of OJSC "Avtovaz" in 2008-2009 and analysis of their efficiency

Due to the significant deterioration in financial and economic activity of OJSC "AvtoVAZ" in 2008-2009, a decrease of coefficients characterizing the solvency, financial stability and economic activity the management of OJSC "AvtoVAZ" measures for financial rehabilitation of the organization have been made. In 2011, the revenue of OJSC "AvtoVAZ" increased by 27.6% compared with 2010. Sales of LADA passenger cars increased by 11.5% in 2011. Labour Market GO Togliatti improved. Thus, the financial recovery has had a positive effect on economic activity indicators.