Search Results for: Russia

THE DEPENDENCE of the European Union (EU) on gas from Russia has been made starkly clear by the latest detailed trade figures released by EU statistical agency Eurostat – 42% of imported natural gas came was Russian in 2005. This 4.9 million terajoules compared with 2.6 million terajoules (22%) from Norway; 2.2 million terajoules from Algeria (19%) and 1.9 million from other sources (17%).…

BY KEITH NUTHALL

RUSSIA’S food inspection agency hopes this weekend’s change in government in Poland will improve relations so that Moscow’s long-standing ban on Polish meat exports can be lifted. In a general election, the business-friendly Civic Platform party beat the outgoing insular nationalist government of the Law and Justice party, prompting a spokesman for Russia’s Federal Service for Veterinary and Phytosanitary Inspection (Rosselkhoznadzor) to tell the ltar-Tass news agency: "If Poland’s new government makes a move toward constructive settlement of the problem of livestock products supply, we are ready to reciprocate."…

BY MARK ROWE

OTHER member states of the European Union (EU) may have had reservations about the accession of Romania and Bulgaria to the once-exclusive EU euroclub, but such sentiments are not shared by the international cosmetics industry. With western European markets reaching a plateau of maturity, the real expansion and investment opportunities lie further east.…

BY KEITH NUTHALL

THE EUROPEAN Union (EU) and Russia: both sides have agreed to establish a committee to examine how a system of electricity and gas unbundling ‘reciprocity’ might work.
This follows last month’s proposals by the European Commission that EU gas producers should be separated from distributors; it also proposed that non-EU players buying EU energy interests must have similarly unbundled systems.…

BY MARK ROWE

THE CHOCOLATE and wider confectionary markets of the former Soviet Union and eastern Europe have been something of an investor’s dream in recent year with multinationals taking over smaller domestic companies, updating equipment and buying into a lucrative and growing market.…

BY RACHEL JONES, in Caracas

VENEZUELA’S Orinoco Belt-which follows the line of the Orinoco River in the south of the country’s Guárico, Anzoátegui and Monagas states-is home to some of the biggest reserves of crude oil in the world: 77.2 billion barrels of conventional proved reserves, and about 270 billion barrels of recoverable heavy oil.…

BY KEITH NUTHALL

THE EUROPEAN Union (EU) Council of Ministers has authorised a significant increase in the protection of EU polyester filament fabric producers from cheap dumped Chinese exports. It has raised the main anti-dumping duty for Chinese producers of woven fabrics of synthetic filament yarn containing 85% or more by weight of textured and/or non-textured polyester filament, dyed (including dyed white) or printed.…

BY KEITH NUTHALL

WITH the Asia Pacific paint industry being increasingly innovative in its development of paints and seeking specialist overseas markets for its products, the relevance of international standards for its manufacturing processes is becoming increasingly apparent.

Indeed, the International Organisation for Standardization (ISO) (NOTE: ISO USES AMERICAN SPELLING FOR ITS NAME) last year picked the paint and coatings sector to launch its new collection of CD compilations of its standards.…

BY MONICA DOBIE

BRITISH Home Stores’ (BHS) plans to launch outlets in India are being widely reported in the Indian media. The Times of India has claimed that BHS owner Philip Green will open stores in both Mumbai and Delhi (maybe this year) through a franchise agreement with Dubai-based Indian businessman L K Pagarani.…

BY MARK ROWE

GEORGIA’S 18-month ban on wine exports to Russia is entirely unjustified the American Chamber of Commerce in Georgia, a business organisation cultivating commercial links with the USA, has claimed. "Foreign capital investments in modern growing and production techniques, and a counterfeit crackdown by Georgia’s government, have raised the quality of Georgian wine," said a spokeswoman for chamber.…