Search Results for: Russia

BY KEITH NUTHALL
AN INTERNATIONAL Internet crime treaty, insisting that 45 countries criminalise computer-based fraud, has come into force following its ratification by Lithuania, the fifth country to do so. The Council of Europe’s Cybercrime Convention covers most European countries, including Russia and other former Soviet republics.…

BY MARK ROWE
MORE than 4,000 fake Cuban cigars on sale in tobacco stores across in Moscow have been seized in an anti-counterfeit operation. Police from the economic crimes department of Russia’s interior ministry confiscated a total of 20 counterfeit brands worth Roubles 2.8 million (US$1 million).…

BY MARK ROWE
ONE of Russia’s leading health and beauty retailers, Pharmacy Chain 36.6, has acquired 73 regional outlets in the southern (Russian Federation) Republic of Bashkortostan. The purchases involve the takeover by 36.6 of the local Leko pharmacy chain in the republic, including 30 stores in the capital city of Ufa and stores in 17 other cities across Bashkortostan.…

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) has drawn up plans to lend Euro 22 million to Serbia & Montenegro pharmaceutical company Hemofarm Koncern a.d. (Hemofarm) to finance the construction of a new solid forms packaging and production facility in Obninsk, Russia.…

BY MARK ROWE
THE RUSSIAN diamond producer ALROSA has obtained a license for exploring diamond deposits in the Irkutsk region of eastern Siberia around lake Baikal. ALROSA has traditionally mined the northern province of Yakutia since the 1940s but those deposits are understood to be nearing depletion.…

BY MARK ROWE
RUSSIAN smokers have undergone a quantum leap in the past 10 years. From smoking the notorious unfiltered Soviet-era papirossi, they now have a wide choice of international brands, for whom this liberalisation has been commercially significant. Russia remains one of the more appealing markets for tobacco companies, with fewer barriers and, for the time being, a fairly laissez faire approach to advertising, as well as a burgeoning middle class with the disposable incomes to afford premium cigarettes.…

BY KEITH NUTHALL
FIFTY years after the turn of the tide in the Second World War, the European Parliament is calling for the creation of a comprehensive international legal system to identify the whereabouts of artworks looted by the Nazis, fairly settling ownership and compensation claims.…

BY KEITH NUTHALL
MEPs are heading off a move by European Union (EU) ministers to agree without consultation pared-back legislation on guaranteeing the security of gas supplies during a European crisis. The European Parliament’s industry committee has voted narrowly to refuse a EU Council of Ministers bid to approve the heavily amended legislation without further input from MEPs.…

BY KEITH NUTHALL
RESERVE anti-dumping duties against two Romanian producers of certain seamless pipes and tubes of iron or non-alloy steel are to be re-imposed, even though they had last year been declared illegal by the European Court of Justice.

Judges had ruled last January that the European Commission made administrative errors when fixing the level of protection required for European Union (EU) producers from exports made by Petrotub SA and Republica SA.…

Keith Nuthall
THE EUROPEAN Bank for Reconstruction and Development (EBRD) has drawn up plans to lend up to US$12.25 million to JSC Narzan, a leading Russian mineral water producer, based in Kislovodsk, the Stavropol region. The financing would help Narzan expand bottling capacity, develop new products and satisfy working capital needs, said an EBRD memorandum.…