Search Results for: Dominican Republic

BY KEITH NUTHALL

THE EUROPEAN Commission may this year release proposals to reduce the vulnerability of the European Union’s (EU) emissions trading system (ETS) to fraud. Cyber-criminals launched a lucrative attack on its systems in January. How open is this ground-breaking system to fraud?…

BY KEITH NUTHALL

A MAJOR cobalt-copper deposit in Russia being eyed by an Isle of Man based company, which could soon be part-owned by the European Bank for Reconstruction & Development (EBRD). The bank has released plans for an equity investment of US$21 million in the Isle of Man-registered Imperial Mining Holding Limited, which aims to explore base metal and precious metal resources in Russia and Mongolia.…

BY LEE ADENDOORF, ALYSSA MCMURTRY, MAKKI MARSEILLES, and KEITH NUTHALL

GLOBAL olive oil manufacturing is on a roll, with the International Olive Council (IOC) saying 2009-10 world production was 3.02 million tonnes, a season-on-season increase of 354,500 tonnes (+13%). This would be the second best olive oil production year ever, next only to the record of 3.17 million tonnes produced in 2003/04.…

BY WACHIRA KIGOTHO

CLASSIFIED as a failed state, Somalia is one of the world’s poorest countries, but oil production could change its fortune. Indeed, politically fractured Somalia is being touted as a potentially rich oil and gas producer. Given security, Somalia is increasingly regarded as economically strategically-located, a view fuelled by recent interest by Chinese and western nations’ oil and gas investment companies.…

BY MARTINA MARECKOVA

WITH Russia’s economy booming again after a deep recession caused by the global financial crisis, its consumers are again indulging their strong taste for luxury clothing, especially of famous international marques. And Russians also like to travel, and when they do – they shop – with some assessments suggesting they set aside twice as much time for shopping as do American tourists.…

BY KEITH NUTHALL

PAINTS, coatings and other construction materials containing hazardous substances will have to be clearly labelled to protect the health and safety of builders and other users, under a new European Union (EU) regulation. Covering the EU-wide sale of construction products, the European Parliament and EU ministers have struck agreement on the final text, which insists every product is sold with a "declaration of performance" by manufacturers.…

BY GARRY PIERRE-PIERRE

HAITI: New university to be built away from earthquake devastation

Garry Pierre-Pierre

A completion date of January 2012 for a new university in Haiti has been announced by the president of the Dominican Republic Leonel Fernández. This new ‘University of Haiti’ will be built in the northern city of Cap Hatïen, costing US dollars USD30 million, fully funded by the neighbouring Dominican Republic’s government and business community.…

BY SAMI HALABI

BEFORE the county’s 1975-90 civil war Lebanon was an oil transit nation, with pipelines running through its territory from Saudi Arabia, and export terminals on its shores. Today, the country cannot even produce the electricity it needs to power its cities and is completely dependent on imports of oil and gas for energy.…

BY MARK ROWE

Czech government pushes aggressively against high smoking rates

The Czech government is using tax increases and smoking restrictions to reduce smoking. It has particular concern about high youth smoking rates. However, the Czech Republic remains a stable and high value market for tobacco majors.…

BY JOSEPHINE MCKENNA, in Rome

ON the face of it the record is impressive. In the past 12 months Italian customs officials and other agents have carried out raids on counterfeiters from Milan in the north to Taranto in the south, seizing millions of euros’ worth fake fashion merchandise.…