Search Results for: Russia

THE Russian textile industry is facing a new crisis due to a decline in demand this year, brought about by ever-increasing prices for local textiles and the low purchasing-power of Russian consumers, business analysts and producers have warned.

According to Anna Lebsack-Kleimans, chief executive of the Fashion Consulting Group, one of Russia’s leading analysis agencies in the textiles and clothing sector, prices for the majority of textile products available in Russia have increased by 20% year-on-year since the beginning of the year and those elevated prices are expected to remain in place into next year.…

UNTIL the past two years, scalp care products have been regarded as an elite product in China, with sales generally restricted to expensive lines sold at high-end hair salons. But recently, this specialist hair care products have been increasingly available on the mass market and are proving especially popular with young women commanding higher incomes, according to the London-based research firm Mintel.…

THE RUSSIAN textile industry will grow by almost 5% annually until 2030, but this will not be because of exports, but mainly due to growing domestic demand, according to recent report from the Russian Academy of Sciences (RAS) released on July 30.…

AN AGREEMENT between the five countries bordering the Caspian Sea could help unlock oil and natural gas reserves under its waters. Russia, Iran, Kazakhstan, Turkmenistan and Azerbaijan have struck a convention on controlling this landlocked body of water. And while, geologically, this is the world’s largest lake (by surface area), the five governments have effectively decided to regulate it as a sea, giving them exclusive economic rights over the waters up to 15 miles from their coasts.…

THE UNITED States Trade Representative (USTR) today branded the Global Forum on Steel Excess Capacity a failure, claiming its efforts have not delivered the production cuts that markets need to stabilise prices.

In a strongly worded statement released after a forum ministerial meeting was staged today (Sept 20) at the Organisation for Economic Cooperation & Development (OECD), in Paris, the USTR argued that the group’s results to date “leaves us questioning whether the Forum is capable of delivering on these objectives”. …

A new report from Transparency International has found that only 11 major exporting countries in the world significantly punish companies that pay bribes abroad. The report, called ‘Exporting Corruption’, also found that more than half of world exports come from at least 33 jurisdictions, including several European Union (EU) member states, where companies that export corruption along with their goods and services face weak consequences. …

A TRADE and investment expert based in Istanbul has told WTiN.com that the prospects for Turkey’s textile industry are bright despite the current economic and political challenges facing the country.

The value of Turkey’s currency, the lira, has dropped by 45% this year due to a range of financial difficulties being experienced by the country.…

SUPPORTERS of the European Union (EU) as a political concept stress how it has the vision, and the money, to promote energy projects of common interest (PCIs) between its (for now) 28 member states. Their goal is to promote an effective continent-wide energy market that offers European citizens more security in their supply of gas, electricity and to a lesser extent oil.…

EASTERN Europe is always a tough market for major paint and coating manufacturers to crack, containing multiple national markets, some in the European Union (EU), some outside, and all with differing cultural and language requirements for marketers to master.

Poland, with its 38 million population and robust economy (projected by the World Bank to grow at 4.2% this year – 2018), remains the region’s most important market, with researcher Euromonitor International saying that Polish paint and coatings sales were worth Polish Zloty PLN1.29 billion (USD352.7 billion) in 2017, up slightly compared to the PLN1.25 billion (USD342.5 billion) sold in 2016.…

CONSUMERS in Nordic countries commonly prefer quality environment-friendly products and the paint and coatings sector is no exception.

Denmark is a case in point, being home to major Hempel A/S, which launched its advanced water-based technology range of decorative paints under the Crown Trades brand in January 2017, group president and CEO Henrik Andersen told PPCJ.…