Search Results for: Russian

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) has drawn up plans to lend key Caucasus drinks producer the Georgian Wines and Spirits Ltd US$7.3 million to strengthen weaker spots in its production and distribution chain. The loan would part fund a US$14.5 million project focusing on supporting Georgian grape growers and strengthening links with the distribution sector within the company’s key Russian export markets.…

BY KEITH NUTHALL
RUSSIA’s Duma is expected to ratify the Kyoto Protocol by the end of December, following the Russian cabinet’s decision to implement the treaty. Taking ratifications past the agreed minimum of 55 countries generating at least 55% of 1990 global greenhouse emissions, a vote would ensure Kyoto is in force early next year.…

BY KEITH NUTHALL
THE INCOMING European Commissioner for health and consumer affairs has shown signs in a European Parliament questionnaire that he could be as feisty as his predecessor, Ireland’s David Byrne, calling for an EU-wide ban on smoking in public.…

By Alan Osborn
A threatened blockage in the shipment of all animal products from the EU countries to Russia has been averted following an agreement on veterinary certification reached at talks between the European Commission, the Dutch EU presidency and the Russian agricultural ministry.…

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) is planning to sink US$3 million into buying a 30% equity stake in a new Russian life insurance operation. If Renaissance Life Insurance is successful, it could participate pro-rata in planned capital increases, bringing its total equity investment to US$ 11 million.…

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) is planning to lend Euro 15 million to NPO Petrovax Pharm, a Russian niche pharmaceutical company, so it can build a green field plant near Moscow making new generation influenza vaccines for the ex-USSR market.…

BY KEITH NUTHALL
THE EUROPEAN Commission has rebuffed calls from the European Chemical Industry Council (CEFIC) for increased European Union (EU) tariff protection against dumped styrene-butadiene-styrene thermoplastic rubber (SBS). Furthermore, it has proposed abolishing existing anti-dumping duties on the product on Taiwanese producers.…

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) is investing up to Euro 17.5 million in the Russian subsidiary of French dairy group Danone, allowing it to more than double annual production in Russia to 310,000 tonnes by 2007.…

BY ALAN OSBORN
THE ANNOUNCEMENT of the policy portfolios commanded by the incoming European Commission from November generally spells good news for the European Union’s (EU) ferrous and non-ferrous sectors, senior industry figures have told Metal Bulletin. “In general … we are quite happy with the commissioners who will be responsible for industry”, said Gordon Moffat, director of the association of European iron and steel industries Eurofer.…

BY ALAN OSBORN
IT might be one of the world’s smallest countries but you could hardly ask for a more emphatic turnaround from villain to hero in the fight against money laundering than Liechtenstein has managed over the last five years.…