Search Results for: Russian

GREECE’S cosmetics sector showed significant resilience during the country’s long financial crisis and is currently expanding, as the country’s overall economy pulls ahead (1.9% GDP growth in 2018 and 2.1% projected for this year). However, problems afflicting the country’s personal care product regulations and a duty imposed on cosmetic producers might impact the sector going forward.…

ON the face of it, Japan and Russia are perfect partners for growing trade in liquified natural gas (LNG). Japan has always had few fossil fuel resources for powering its sophisticated industrial economy, and Russia has plenty of gas to export.…

THE EUROPEAN Parliament has approved a new European Union (EU) directive drafted to extend EU gas market competition rules to pipelines that enter the EU from non-member states. The legislation may impose conditions on the operation of the Nord Stream 2 pipeline from Russia to Germany, and should the UK quit the EU as it currently plans, the law would apply to pipelines linking Britain with the remainder of the EU.…

Russian law enforcement authorities opened 487 investigations for bribery in 2018, leading to 439 convictions and fines totalling RUB691 million (USD10.7 million), according to recently published statistics. Russian general prosecutor’s office figures show over 300 new entities were added to the public bribery register last year, bringing the number of offenders listed to 1,700.…

Turku-based Hesburger is now building sales in Belarus, having announced it would move into this country in 2017. This follows launches in Ukraine in 2015, and Bulgaria in 2016. Having branched abroad into Estonia first in 1996, now has 207 overseas outlets in eight countries (also including Russia, Latvia, Lithuania, as well as Germany, close to 271 it has in Finland.…

RUSSIAN telecoms company Mobile TeleSystems PJSC (MTS) will pay USA regulatory and judicial authorities USD850 million to clear charges that it bribed its way into the Uzbekistan telecommunications market. MTS will pay USD750 million in fines and forfeits following a deferred prosecution agreement with the US Department of Justice and an additional USD100 million penalty to the US Securities & Exchange Commission (SEC). …

A FINNISH burger chain that has taken the plunge into some of Europe’s most challenging eastern markets now has almost as many outlets abroad as in its home market.

Turku-based Hesburger is now building sales in Belarus, having announced it would move into this country in 2017.…

MAJOR western banks have been linked to the ‘Troika Laundromat’ scandal, which saw USD4.8 billion funnelled out of Russia via Russian investment bank Troika Dialog. The latest revelations published March 4 by newspapers linked to the Organised Crime and Corruption Reporting Project (OCCRP) said that Troika was one of at least 75 companies that formed a complex financial web from 2006 to early 2013 and not only shifted billions out of Russia but also USD4.6 billion into the country.…

THE JAPANESE nuclear sector may have the backing of its government, but a combination of technical challenges and public unpopularity is impeding plans to restore the country’s nuclear capacity towards its generation before the Fukushima disaster in 2011.

During a news conference on January 1, Hiroaki Nakanishi, chairman of the Japan Business Federation, was pessimistic about the industry’s future.…

During a news conference on January 1, Hiroaki Nakanishi, chairman of the Japan Business Federation, hinted at a bleak future for Japan’s nuclear energy industry – it is a gloomy view that is hard to contest, when examining the facts, despite the Japanese government’s continued backing for the sector.…