Search Results for: Russia

KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) is planning to lend up to Euro 55 million to Poland’s Dalkia Polska to help finance its acquisition of ZEC Lodz, a district heating and cogeneration utility for the Polish city of Lodz.…

BY KEITH NUTHALL

THE MULTILATERAL Investment Guarantee Agency, or MIGA, is the international organisation companies turn to when they want to invest in a jurisdiction where their assets might not be that safe. Mining companies have long used MIGA to cover risks that are too tasty for the private insurance industry, and the agency has issued 58 guarantees for the sector since it was formed in 1988.…

BY KEITH NUTHALL
WHILE discussions continue over how to ensure the security of energy supplies to the European Union (EU), Brussels institutions are sinking money into one sure bet, eastern Europe and the former Soviet Union. The European Bank for Reconstruction and Development (EBRD), for instance, is lending US$170 million to SOCAR, the State Oil Company of Azerbaijan, to fund two Caspian gas projects.…

BY KEITH NUTHALL

RUSSIA has sent another threat to Europe over gas supplies, undermining its reputation as a potential reliable energy partner for its western neighbours. Semyon Vainshtok, the president of Russia pipeline monopoly Transneft has told the daily newspaper Nezavisimaya Gazeta that Russia has "overfed Europe with crude".…

BY KEITH NUTHALL
THE INSURANCE industry will wait attentively for the responses due in May to formal requests made this week by the European Commission for its World Trade Organisation (WTO) partners to liberalise their financial sectors.

These notes were made within the WTO’s Doha Development Round’s talks on services, which are in technical terms more advanced than the other portions of the negotiations.…

BY KEITH NUTHALL
THE GROWING demand in Russia for urea-formaldehyde concentrate (UFC) to bond wood fibre materials has sparked a US$18 million loan from the European Bank for Reconstruction and Development (EBRD). This six-year financing will enable manufacturer JSC Metafrax to build the UFC plants “needed to meet the growing demands of the Russian wood-processing industry”, said the EBRD.…

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) will lend up to Euro 35 million to Croatian supermarket chain Getro, helping it add nine more stores to its current 15. Although this expansion will be in Croatia, the company will also use the money to explore moving into neighbouring Serbia & Montenegro and Bosnia & Herzegovina.…

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 KEITH NUTHALL
THE EUROPEAN Union (EU) Council of Ministers has frozen the steel import quota access for exporters from Russia, the Ukraine and Kazakhstan at its 2004 level, pending the negotiation of new trade deals. These temporary quotas for 2005 will be automatically scrapped once these new agreements come into force.…

BY KEITH NUTHALL
THE EUROPEAN Union (EU) Council of Ministers has approved spending Euro 7.9 million over the next three years on a joint action with the Russian government, aimed at reinforcing the protection of fissile materials at the Bochvar Institute, in Moscow.…