Search Results for: Greek

BY KEITH NUTHALL
THE EUROPEAN Investment Bank (EIB) is lending Euro 35 million to (Greek) Cyprus to upgrade its public information technology so that it can operate e-government Internet networks. It is also lending Euro 200 to the Cypriot education ministry, part of which will pay for new computers and Internet connectivity.…

BY KEITH NUTHALL
THE ACQUISITION of Greek tobacco company Papastratos by the Dutch subsidiary of Philip Morris has been approved by the European Commission, which can concluded that the deal is not anti-competitive, even in Greece. Even though Brussels accepted Philip Morris would become the national market leader as a result, its concerns were eased by the fact that its existing brands are not in the same price segment as Papastratos’s lines, such as Assos and President.…

BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, will invest US$22 million into modernising and restoring Bulgaria’s Stomana steel mill, part of a US$94 million investment programme dominated by Greek steel producer Sidenor. The money will improve the efficiency of the plant – in the Pernik industrial region – enabling it to better produce a wider product range that commands higher values than its current output, as well as improving production methods and environmental performance.…

BY ALAN OSBORN
THE EASTERN and southern Europe countries slated to join the European Union (EU) on May 1, 2004, have worked small wonders in recent years to set up anti-money laundering regimes, not necessarily because they believe this is good in itself but partly at least because EU entry might not be possible otherwise.…

BY KEITH NUTHALL
THE GREEKS are the European Union’s highest spenders on footwear and clothing, taking into account the proportion of annual household income spent on these items, according to figures released by Eurostat, the European Union’s statistical agency. Greek consumers devoted 11 per cent of their spending on shoes and clothes in 2001 and 2000 – the latest available comparative statistics covering the EU.…

Keith Nuthall
THE GREEKS are the European Union’s highest spenders on clothing and footwear, taking into account the proportion of annual household income spent on these items, according to figures released by Eurostat, the European Union’s statistical agency. Greek consumers devoted 11 per cent of their spending on clothing and footwear in 2001 and 2000 – the latest available comparative statistics covering the EU.…

KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development is promoting on-site power generation in Russia, developing plans to lend a major potassium salt producer US$75 million, which it would use to build its own power plant. Located in the city of Berezniki, the Perm Region, in the Urals, OAO Uralkaly would use the new generator to make “improvements in energy efficiency and environmental compliance.”…

BY KEITH NUTHALL
NON-FERROUS metal producers in the existing 15 European Union (EU) countries could see some lowering of labour costs after enlargement of the EU next year as low-paid Polish and other workers move into the higher wage countries like Germany, according to industry sources.…

BY KEITH NUTHALL
THE RISK of a European Union (EU) ban on smoky bacon flavoured crisps seems to have been averted, with the European Parliament passing amendments to proposed EU food safety legislation allowing all existing smoking practices to continue. Instead, only new methods of combining smoke flavourings with foods would have to be approved by the European Food Safety Authority, said the parliament.…

KEITH NUTHALL
THE EUROPEAN Investment Bank (EIB) is to invest Euro 134 million constructing the world’s largest wind farm, 15-20km off the western coast of Denmark’s Jutland peninsula. The project involves the erection of 80 turbines, each generating two megawatts near Horns Rev, in the North Sea.…