Search Results for: Russia

A new high tech clothing factory has been opened in the city of Pohar, in southwest Russia by the regional government of Bryansk, which will boost demand for technical textiles worldwide, potentially boosting Russia’s hard-pressed textile sector.

The Bryansk oblast operates the plant – which started operations in October – through an afflicted company in which it shares control with private investors.…

Russia’s economic woes are well-documented, yet, rather than mirroring the financial downturn, its personal care market and industry has remained comparatively healthy. Beneath these encouraging figures, however, strong currents appear to be instigating long-term changes to the sector, notably an increasing preference for cheaper products by hard-pressed consumers.…

THE INTERNATIONAL Confederation of European Beet Growers (CIBE) and the European Association of Sugar Producers (CEFS-Comité Européen des Fabricants de Sucre) have jointly called on the European Union (EU) to continue protecting producers with import tariffs, even as the EU negotiates 12 trade deals affecting the food industry.…

THE EUROPEAN Union (EU) and its member states have been keen adopters of rules restricting how tobacco companies make, market and sell their wares, but to what extent have the EU’s neighbours to the east and southeast followed suit?

The answer is – largely – yes: controls have increased – but the extent to which this has happened and the details of restrictions vary widely from country to country.…

THE NEW York State Department of Financial Services (DFS) has fined the Agricultural Bank of China USD215 million for violating the USA state’s anti-money laundering (AML) laws. The regulator will also install an independent monitor, reporting to the DFS, to address serious AML deficiencies within the bank’s compliance programme at its New York branch.…

Technical textiles will be a key driver of growth within the Russian textile and light industry in the coming years say experts at the Russian Union of Entrepreneurs of Textile and Light Industry (Soyzlegprom). A spokesman for Andrey Razbrodin, president of the industry body, said that its market research has confirmed that the share of technical textile sales within the output of Russian light industry has increased significantly continues to grow.…

THE EUROPEAN Chemicals Agency (ECHA) is investigating if European Union (EU)-wide controls are needed to protect consumers against substances used in tattoo inks and permanent make-up (PMU) – with one solution expanding the scope of the EU cosmetics directive.

While the printing ink industry has suffered a recession, the tattoo and PMU ink sectors are booming in the wake of a huge increase in purchases of tattoos EU-wide.…

IRAN’S rose water export sector is facing the potential for rapid expansion now that the country can trade freely globally after the bulk of international banking and economic sanctions imposed over the Iranian nuclear programme were lifted this January (2016).…

COMPANIES and the financial professionals that work with them have many risks to worry about, but few can seem as menacing and as alien as the so-called ‘dark web’.

The Internet can be described as an iceberg: the websites and services most people use regularly are the tip, but there is an entire other, much larger world submerged below.…

AB InBev and Turkey’s Anadolu Efes are considering merging their Russian businesses, which would create Russia’s second largest beer producer, according to a spokesperson for the country’s industry and trade minister Denis Manturov.

He said: “Currently two possible scenarios of the merging of Russian assets of the companies are discussed, one of which involves direct purchase of the Russian assets of Efes by AB InBev, or the sale of the Russian business of AB InBev to Efes, in exchange of the increase of a stake in the Turkish company, where AB InBev already holds 24 percent.”…