Search Results for: Russian

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) and Japanese-owned Sumitec International are creating a US$45 million facility, providing lease financing for Russian companies expanding or modernising construction equipment. The scheme will focus on Siberia and other far-east regions of Russia, which – said the bank – “are currently under-serviced by the leasing industry.”…

BY MARK ROWE
PRODUCTION of vodka and other hard liquors dropped in Russia last year, as the country’s bourgeoning middle class continued to choose more upmarket drinks. Analysts believe the trend may reflect the improvement of the Russian economy and the greater disposable incomes of white-collar workers.…

BY MARK ROWE
IKEA’s store in the Russian city of St. Petersburg will undergo an environmental audit to avert the threat of closure by the country’s Natural Resources Ministry. Facing the unlikely scenario of the Swedish furniture giant having to close a branch by breaking Russian environmental laws, IKEA has hired a firm to conduct the audit to comply with state regulations.…

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) is teaming up with Japanese-owned Sumitec International to create a US$45 million facility, providing lease financing for Russian companies expanding or modernising their mining equipment. The scheme will especially focus on Siberia and other far-east regions of Russia, which – said a bank memorandum – “are currently under-serviced by the leasing industry.”…

BY MARK ROWE
RUSSIA has tightened its meat import quotas for 2004 as part of a policy to cut food imports and encourage domestic livestock breeding. The Russian Meat Union said the approach had helped its poultry sector in 2003 and was being now being extended.…

BY KEITH NUTHALL
THE INSTITUTE for Energy, (part of the European Commission’s Joint Research Centre), has signed a deal with the EuropeAid Cooperation Office to help implement large scale on-site modernisation projects at Russian and Ukrainian nuclear power plants, that include making improvements to design safety.…

BY MARK ROWE
THE LARGEST museum in the world and – arguably – the grandest of them all, the State Hermitage Museum in St Petersburg is returning to its roots. In the middle of a long and painstaking modernisation process, the Russian museum is striving, in addition to the urgent physical restoration required to bring the museum into the 21st century, to recapture the ambience of its Imperial origins, when its vast palaces were the residence of the Tsars.…

BY KEITH NUTHALL
BINDING energy conservation targets have been proposed for European Union (EU) Member States by the European Commission, a move that could further tighten fuel economy rules for Europe’s transport sector. Brussels has proposed a general energy saving target of one per cent a year from 2006-12, measured against average energy distribution from the previous five years.…

BY KEITH NUTHALL
THE RUSSIAN and Ukraine government are staging regular talks to solve a territorial dispute over the Kerch Strait, linking the Black and Azov seas, providing access to the key Russian city of Rostov. The two governments are also disputing their rights to the strait’s Tuzla island, currently being eroded rapidly because of a Russian dike.…

BY KEITH NUTHALL
THE RUSSIAN and Ukraine government are staging regular talks to solve a territorial dispute over the Kerch Strait, linking the Black and Azov seas, providing access to the key Russian city of Rostov. The two governments are also disputing their rights to the strait’s Tuzla island, currently being eroded rapidly because of a Russian dike.…