Search Results for: Russia

Five years since the start of the Arab uprisings in 2011, instability is still impacting cosmetics sales in the Levant and north Africa. Last year saw a slight improvement on overall sales in 2014, the year the Islamic State spread through northern Iraq and Syria, but figures are down on 2013, and the growth projected in 2010, according to figures from market researcher Euromonitor International and estimates from cosmetics companies.…

The beauty and personal care (BPC) market in Italy ended 2015 on a positive note, recording marginal growth in market sales, production and exports, according to a December 2015 report ‘Trends and Investments in the Cosmetics Sector’, released by the national cosmetics trade association, Associazione Italiana delle Imprese Cosmetiche (Cosmetica Italia).…

It has taken more than half a decade for the cosmetics markets of eastern Europe to finally shrug off a long-running period stagnation that has characterised the regional market. Two underlying features – the financial crisis of 2008 and the completion of multinational takeovers in the noughties that saturated these post-communist markets – lay behind the extended period of slow, low or non-existent growth.…

THE HONG Kong government has signed an avoidance of double taxation agreement with Russia. It will prevent Hong Kong companies with a permanent establishment in Russia being taxed in both jurisdictions. Russian tax paid by Hong Kong companies will be credited against the tax payable in Hong Kong.…

RUSSIAN textile producers abandoning the use of fur trim on their fabrics, especially more expensive fur, according to Andrey Razbrodin, president of the Association is known as the Russian Union of Entrepreneurs of Textile and Light Industry, which includes Russia’s leading textile producers.…

An unofficial ban on the import of raw textile materials from Turkey has left Russian textile enterprises struggling to find alternative supplies among local manufacturers and maintain their production cycles. The situation has escalated so far that Russia’s ministry of industry and trade has recently asked industry representatives to compile a ‘white list’ of Turkish exporters who would be able to continue shipments to Russia, while the government in Moscow weighs the possibility of an official embargo on Turkish textiles.…

Thanks to the introduction of a tax incentive scheme launched by the government of Trinidad & Tobago, auto converters and dealers in the country are increasingly talking up Compressed Natural Gas (CNG) as a clean auto fuel for vehicles on the twin island Caribbean state.…

AN AGREEMENT has been signed between Bulgaria and Greece to build a 182-kilometre interconnector gas pipeline between Greece’s Komotini and Bulgaria’s Stara Zagora, which will help funnel Azeri gas sent via Turkey to eastern and central Europe. The pipeline will also ease Bulgaria’s energy exposure to Russia – it relies heavily on Russian gas exported via Ukraine.…

WHILE Russia has signed an agreement deal to build a nuclear power plant (NPP) in Egypt, a move that would give the Middle East and North Africa (MENA) region its only NPP with third generation plus technology, significant obstacles remain before operations could be launched.…

The European Commission is making preliminary inquiries to determine whether a full-blown investigation into alleged price-fixing in the French pork and beef markets is justified. A spokeswoman for the Commission’s competition directorate general said it had received complaints and was investigating.…