Search Results for: Russia

The Russian government is to postpone implementing plans to consolidate Moscow airports into a single aviation hub under a single owner, hoping that the hands-off approach will encourage private investments in the country’s domestic airport industry. 

The Kremlin had earlier been vocal in calling for a united ownership of Moscow’s four airports, but the move has been resisted.…

MOSCOW region’s Zhukovsky International Airport aims to become the first Russian airport to list an Initial Public Offering, with plans to float shares on a stock market within the next two to three years. According to Tomas Vaisvila, CEO of Ramport Aero, which operates Zhukovsky, the airport could list an IPO as early as spring 2019.…

AS one of the world’s leading financial centres and a traditional bridge to mainland China for international business, Hong Kong has long been in the crosshairs of global money laundering investigations.

Hong Kong featured in the infamous ‘Russian laundromat’ scandal, uncovered by the Organised Crime and Corruption Reporting Project (OCCRP), that saw USD20 billion moved out of Russia between 2010 and 2014 through a web of shell companies.…

IT would be hard to design a jurisdiction with a greater exposure to money laundering than Macao. A small autonomous Chinese jurisdiction, next to the populous province of Guangzhou, which relies on a huge gambling sector for its income, it is no wonder that Macao has come under pressure from international assessors to run a tight ship regarding anti-money laundering (AML).…

French prosecutors have accused Denmark’s leading bank Danske Bank of playing an organised role in a Russian fraud and money laundering scam. Prosecutors, from the Paris High Court, allege that an Estonian branch of the bank helped to move EUR15 million “from organised fraud and tax evasion” in Russia into France and other European Union (EU) jurisdictions between 2008 and 2011.…

AFTER introducing digital printing and leading Bangladesh’s knitwear sector by example, the country’s knitting major, the Knit Concern Group, has said it will ramp up its capacity to digitally print 1 million metres of fabric monthly by 2022. Presently, the knitter, based in Narayanganj, near Dhaka, can digitally print 260,000 metres of fabric a month.…

THE RUSSIAN government plans to significantly increase Russian exports of textile and technical textile products to foreign markets over the next few years, officials have told WTiN.com.

Planned export volumes have not yet been disclosed, however, according to some sources close to the ministry of industry and trade, the government is targeting an increase of 100,000-150,000 tonnes in 2017-2018, with the possibility of a three to four-fold increase over the next few years.…

VIETNAM’S textile and clothing and textile sector is looking to sell more product into Asian markets such as South Korea, Taiwan, Singapore and Japan, while solidifying its traditional export bases like the US and EU, the latest trade data indicates. 

Last year, Vietnam exported USD2.28 billion’s worth of clothing and textiles to South Korea – a 7.45% gain compared with 2015, according to Vietnam customs data analysed by the Vietnam Textile and Apparel Association (VITAS). …

RESTRICTIVE quotas limiting European Union (EU) sugar production to 13.5 million tonnes have finally been scrapped, freeing producers to hit market demand. The abolition of the quotas from October 1 sees European Commission officials predicting that EU sugar production will increase 20% and reach 20.1 million tonnes for the next harvest.…

THE ARAB Spring, for all its faults, inconsistencies and disappointments, has delivered the world one thriving open and pluralistic Arab society – Tunisia – where women especially have seized new freedoms and spending power. This is reflected in spending on spa and salon services in the country, where, according to market researcher Euromonitor International, in the year of the 2011 Jasmine Revolution the turnover of the Tunisian spa sector was just USD32.4 million.…