Search Results for: Russia

BY MARK ROWE
IF you open the window, flies will enter your home but in post-Soviet Russia it wasn’t just the windows but the doors too that were flung wide open.

Organised gangs, drawn by the sweet smell of easy pickings, duly swarmed all over the decaying house of Lenin.…

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) is lending US$20 million to OAO Concern Kalina, the leading producer of cosmetics and personal care products in Russia and the former Soviet Union, to finance its acquisition of smaller Russian competitors, as well as make new capital investments.…

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development is lending US$5.4 million to the Maritime Port Authority of St Petersburg to fund the construction of a maritime navigation safety system in the main Russian sector of the Baltic Sea, where a future surge in tanker traffic is anticipated.…

BY KEITH NUTHALL
A TURKISH-OWNED chain of Russian shopping malls and supermarkets is to receive a US$70 million loan from the World Bank’s International Finance Corporation to almost double the company’s retail space in the country. Ramenka already operates four shopping malls and 10 supermarkets in the Moscow area under the name Ramstore.…

BY MARK ROWE
RUSSIA’S biggest ice cream producer Russky Kholod will launch a factory in Moscow with a projected output of 2,000 metric tons per month in 2003. The company has -modestly – described the plant as “the most modern ice-cream production facility in the world.”…

BY KEITH NUTHALL
WATER privatisation has certainly had its critics, but it has a new supporter in the shape of the European Commission. It has publicly backed the growing privatisation of Europe’s water utilities, with its internal market commissioner praising British government moves to inject competition into its national sector.…

BY MARK ROWE
THE RUSSIAN government has re-launched production of its two most famous vodka brands, Stolichnaya and Moskovskaya, after they had been suspended for several months. The resumption of sales follows a long battle caused by the break up of the Soviet Union.…

BY KEITH NUTHALL
TOO many cooks spoil the broth. Or do they? As far as the world’s fight against money laundering is concerned, the World Bank and the International Monetary Fund think that they can bring extra flavour to the struggle waged by the OECD’s Financial Action Task Force (FATF).…

BY KEITH NUTHALL
THE EUROPEAN Commission has approved Germany’s controversial Euro 647 million state aid injection to TotalFina Elf subsidiary Mitteldeutsche Erdöl Raffinerie for constructing the Leuna 2000 refinery in Saxony-Anhalt. Brussels had re-examined the project and has now cleared all aid, including Euro 61.4 million, which had been blocked pending the decision.…

BY ALAN OSBORN
THE “CE” mark, denoting that a product was made in the European Union, is being abused by unscrupulous manufacturers and traders and is giving legitimate companies a bad name according to delegates at a recent international forum on market surveillance.…