Search Results for: Russia

ONE of Russia’s few pharmaceutical companies developing original innovative and biotechnological medicines is receiving a Euro EUR5 million loan from the European Bank for Reconstruction & Development (EBRD). The Russian-owned and managed GEROPHARM-Bio, a subsidiary of OOO Geropharm, will use the five-year financing to expand and modernise its Obolensk plant, near Moscow, to help it comply with international standards.…

IT seems for all the world like the setting for a Graham Greene novel: a British-trained chartered accountant in charge of an almost unfathomably wealthy state-owned holding corporation in a distant outpost.

Yet Greene would barely recognise the 21st century context in which Our Man in Kazakhstan operates.…

The latest financial crisis to hit the Eurozone – hitting the diplomatically-recognised portion of Cyprus – is perhaps a case study in how to mismanage a banking-reliant economy and of how the international community can err when applying a fix.

As Accounting & Business went to press, the divided Mediterranean island was faced with the prospect of having to stop all government payments unless fresh money pours in by April 24.…

EUROPEAN Union (EU) member states have suffered unevenly from Russia’s ban on EU food exports from last August, according to European Commission data.
While Finnish and Estonian extra-EU food and drink exports fell sharply in August-November 2014 compared to the same period in 2013 (32% and 22% down respectively), other EU food exporters saw only moderate falls in such sales, or even gains.…

IS the suitcase or manila envelope full of cash still a favoured means of exchange between briber and bribed, or has bribery become so sophisticated that such basic methods are now foresworn? It would appear so – at least, third parties are now readily employed to obscure a bribe trail.…

CHINA’S demonstrable skills in clothing and textile manufacture has yet to yield dividends in the technical textiles field, with the country still relying heavily on imports, especially for high-end products such as carbon fibre, high temperature fibre and medical textiles.

In 2011, China spent USD3.4 billion importing  technical textiles, including woven and unwoven lines, mainly from the US and Japan – up 22.7% from USD2.77 billion during 2010, according to Beijing-based China Nonwovens and Industrial Textiles Associations (CNITA).…

As Nicolás Maduro takes the helm as interim President of Venezuela, following the death of his strongman predecessor Hugo Chávez on Tuesday, auto dealers and manufacturers are asking whether the government will continue with policies that produced vehicles shortages and raised prices to exorbitant levels.…

THE EUROPEAN Commission looks set to propose binding legislative standards for the 27 European Union (EU) member states to follow in exploring unconventional fossil fuel resources amid public concern over the environmental and social impact consequences of the main production method – hydraulic fracturing or fracking.…

IRAN is under sanctions from the United States, the European Union (EU) and the United Nations, and last year the US tightened the screws even more. As President Barack Obama said following his re-election in November, 2012: “We’ve imposed the toughest sanctions in history.”…

CENTRAL Asia has long been a focus of the European Union’s (EU) geopolitical efforts to wean itself off Russian oil and gas dependency and the European Commission has steadily wooed the nations in the region: first Kazakhstan, then Turkmenistan have been given audiences, trade agreements and social programme funding in return for opening channels for talks on energy.…