Search Results for: Russian

BY MARK ROWE
RUSSIAN gold exports fell by 27 per cent last year, mainly because the country’s central bank sold none of its gold, according to the Russian Union of Gold Producers. Exports of gold dropped to 150 tons, from 191 tons in 2002, though gold production increased to 176.9 tons from 170.9 tons.…

BY MARK ROWE
ONE of Russia’s leading health and beauty retailers, Pharmacy Chain 36.6, has acquired 73 regional outlets in the southern (Russian Federation) Republic of Bashkortostan. The purchases involve the takeover by 36.6 of the local Leko pharmacy chain in the republic, including 30 stores in the capital city of Ufa and stores in 17 other cities across Bashkortostan.…

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) has drawn up plans to lend Euro 22 million to Serbia & Montenegro pharmaceutical company Hemofarm Koncern a.d. (Hemofarm) to finance the construction of a new solid forms packaging and production facility in Obninsk, Russia.…

BY KEITH NUTHALL
MEPs are heading off a move by European Union (EU) ministers to agree without consultation pared-back legislation on guaranteeing the security of gas supplies during a European crisis. The European Parliament’s industry committee has voted narrowly to refuse a EU Council of Ministers bid to approve the heavily amended legislation without further input from MEPs.…

BY MARK ROWE
RUSSIA is lifting export duties on unalloyed aluminium and primary aluminium alloys. The export duty on raw aluminium will amount to 5 per cent, while unalloyed aluminium and primary aluminium alloys will be exported duty free, according to a statement issued by the Russian government’s information department.…

BY MARK ROWE
RUSSIA’S Urals Mining and Metals Company (UGMK) has bought the nation’s second largest zinc smelter, Elektrotsink. UGMK, which is headed by entrepreneur Iskander Makhmudov, said it intends to invest in production at the zinc smelter factory and produce up to 85,000 metric tons of zinc at Electrotsink this year.…

BY KEITH NUTHALL
EUROPEAN Union (EU) ministers have been asked by the European Commission to impose definitive anti-dumping duties of 23.6 per cent on imports from Russia of imports of silicon (with silicon content less than 99.99 per cent by weight).…

BY KEITH NUTHALL
2) An ageing, rusty Russian oil tanker has left Latvia, despite European protests. Spain and the European Commission, which have expressed grave fears about the single-hull Geroi Sevastopolya, had asked the Baltic state to halt its departure from the Ventspils port and immediately adopt an EU ban on such vessels.…

Keith Nuthall
THE EUROPEAN Bank for Reconstruction and Development (EBRD) has drawn up plans to lend up to US$12.25 million to JSC Narzan, a leading Russian mineral water producer, based in Kislovodsk, the Stavropol region. The financing would help Narzan expand bottling capacity, develop new products and satisfy working capital needs, said an EBRD memorandum.…

BY MARK ROWE
The Russian book market saw brisk business in the run up to Christmas, with the heavyweights of Russian literature holding their own against the increasing popularity of modern literature, particularly a number of new works by female authors.…