Search Results for: Russia

BY MARK ROWE
THE RUSSIAN diamond producer ALROSA has obtained a license for exploring diamond deposits in the Irkutsk region of eastern Siberia around lake Baikal. ALROSA has traditionally mined the northern province of Yakutia since the 1940s but those deposits are understood to be nearing depletion.…

BY KEITH NUTHALL
FIFTY years after the turn of the tide in the Second World War, the European Parliament is calling for the creation of a comprehensive international legal system to identify the whereabouts of artworks looted by the Nazis, fairly settling ownership and compensation claims.…

BY MARK ROWE
ONE of Russia’s leading health and beauty retailers, Pharmacy Chain 36.6, has acquired 73 regional outlets in the southern (Russian Federation) Republic of Bashkortostan. The purchases involve the takeover by 36.6 of the local Leko pharmacy chain in the republic, including 30 stores in the capital city of Ufa and stores in 17 other cities across Bashkortostan.…

BY MARK ROWE
MORE than 4,000 fake Cuban cigars on sale in tobacco stores across in Moscow have been seized in an anti-counterfeit operation. Police from the economic crimes department of Russia’s interior ministry confiscated a total of 20 counterfeit brands worth Roubles 2.8 million (US$1 million).…

BY MARK ROWE
RUSSIAN smokers have undergone a quantum leap in the past 10 years. From smoking the notorious unfiltered Soviet-era papirossi, they now have a wide choice of international brands, for whom this liberalisation has been commercially significant. Russia remains one of the more appealing markets for tobacco companies, with fewer barriers and, for the time being, a fairly laissez faire approach to advertising, as well as a burgeoning middle class with the disposable incomes to afford premium cigarettes.…

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
MEPs are heading off a move by European Union (EU) ministers to agree without consultation pared-back legislation on guaranteeing the security of gas supplies during a European crisis. The European Parliament’s industry committee has voted narrowly to refuse a EU Council of Ministers bid to approve the heavily amended legislation without further input from MEPs.…

BY MARK ROWE
The Russian book market saw brisk business in the run up to Christmas, with the heavyweights of Russian literature holding their own against the increasing popularity of modern literature, particularly a number of new works by female authors.…

BY MARK ROWE
IKEA’s store in the Russian city of St. Petersburg will undergo an environmental audit to avert the threat of closure by the country’s Natural Resources Ministry. Facing the unlikely scenario of the Swedish furniture giant having to close a branch by breaking Russian environmental laws, IKEA has hired a firm to conduct the audit to comply with state regulations.…

BY KEITH NUTHALL
2) An ageing, rusty Russian oil tanker has left Latvia, despite European protests. Spain and the European Commission, which have expressed grave fears about the single-hull Geroi Sevastopolya, had asked the Baltic state to halt its departure from the Ventspils port and immediately adopt an EU ban on such vessels.…