Search Results for: Russia

A shortage of raw materials and domestic equipment is making import substitution difficult for the Russian textile sector. Indeed, instead of seeing rising production amidst increased rhetoric about localising production, fabric output has slumped across all categories. According to industry insiders, manufacturers are still years away from replacing imports with locally-made products.…

GERMANY has been trying to soothe opposition to plans to double the capacity of the current Nord Stream 1 and 2 lines. The country’s Vice Chancellor Sigmar Gabriel travelled to Warsaw to mollify Poland’s new conservative government, which has been upset by the proposal.…

Following the international agreement limiting its nuclear power ambitions, Iran is essentially open for business. However, certain US sanctions remain in place, adding to Western banks’ caution in dealing with Iran, long a pariah to global investors and bankers. Indeed, the biggest challenge will be reintegrating Iran’s financial institutions back into the international system after their years’ long experience of dealing with, and circumventing, sanctions.…

The ongoing diplomatic row between Turkey and Russia over the Syria civil war continues to take a bite out of Turkish textiles exports, a bilateral trade which had already been declining.

After Turkey downed a Russian jet near its border with Syria in November, Moscow introduced an array of economic sanctions, including tightened custom checks on textile imports.…

The Russian government is considering setting up new credit mechanisms for the country’s textile industry and increasing incentives for manufacturers to use domestically produced fabrics, according to the new support programme approved on January 29. But Russian textile industry representatives are sceptical about its short-term effectiveness.…

St Petersburg State University of Industrial Technology and Design is effectively leveraging its tight collaboration with textile industry representatives and a recently westernised curriculum to boost its reputation for upstream expertise within the sector.

Introducing differentiated bachelor’s and master’s standard courses has allowed the university’s Institute of Textile and Fashion to stay relevant, despite the changing textile industry landscape within Russia.…

Organisers of the 13th annual Istanbul Yarn Fair remain optimistic about the future of Turkey’s yarn segment, despite the country’s recent diplomatic crisis with Russia depressing this year’s turnout.

“Although the recent political issues have affected the number of Russian buyers who come to the fair, the relationship between Turkey and Russia is very strong and [built on a long history],” said Gülbin Bozkurt, project group director of Tüyap Fairs and Exhibitions Organization Inc, which organised the fair.…

The Russian government is reviewing the role of independent trade unions in the country, highlighting their current weak position within Russian textile industry.

Officials within the Russian ministry of industry and trade told WTiN.com that reforms under consideration may include the expanding their functions beyond workplace liaison to giving them the right to be consulted and have influence over proposed laws that affect the domestic textile and light industry.…

FOR India’s pharmaceuticals sales are expected to reach USD55 billion in 2020 from the current level of USD18 billion, although growth in exports of Indian-made medicines will be slower, predicts a research report released by Associated Chambers of Commerce and Industry of India (ASSOCHAM) and New York-based consultancy firm TechSci Research.…

FOOD and drink export subsidies are to be scrapped after a World Trade Organisation ministerial meeting in Nairobi, Kenya, agreed to phase out these trade sweeteners. Developed country members have promised to remove export subsidies immediately for basic food products, with a slower phase-out for many processed foods and drinks, pigmeat and dairy products.…