Wednesday, May 31, 2023
The U.S. Department of Commerce suggests applying protectionist measures against suppliers of aluminum and steel to the U.S., according to the report released by the department. According to AFP, the Department of Commerce said several recommendations are offered in respect to aluminum suppliers. A tariff of at least 7.7% on...
Coca-Cola Hellenic Bottling Company, the leading bottler of the Coca-Cola brand in 2017, said the difficult situations in Russia and Nigeria markets softened solid growth but improvements in both markets are expected to lead to growth in the 2018 financial year. The company, which sells Coca-Cola drinks in 28 countries mostly...
The civil branch of Russian airplane manufacturer Sukhoi resumed talks on deliveries of SSJ-100 and MC-21 passenger aircraft to Egypt, the company's President Alexander Rubtsov told TASS agency. "We are continuing the negotiation process. Right now, I cannot say when we will see the results. In any case, we will definitely...
Danish brewing giant Carlsberg reported 2017 profit well below analysts’ expectations, hit by a fall in sales and a large assets devaluation in its key Russian market. Beer volumes grew in all markets last year except Russia, where they declined by 14 percent and Carlsberg’s market share fell to 31.9...
In Tolyatti, a city of 700,000 people on the Volga River dubbed “Russia’s Detroit“,  dozens of workshops producing Ladas, Renaults, Nissans, and Datsuns, are still the core of Russia’s automobile industry. A reportage from car maker AvtoVAZ, originally published by Russian website Socialist.news, reveals the human cost of overtime and overwork at...
Some 50 modern medium-range passenger aircraft will be supplied by Russia’s state-owned giant Rostec to Russian national airline Aeroflot, it was confirmed. The order of the MC-21 aircraft is worth more than $5 billion, according to Defense World. As part of the order, Rostec’s leasing subsidiary Aviacapital-Service will deliver the aircraft...
European companies have suffered damages worth hundreds of billions of dollars because of U.S. sanctions against Russia’s military-industrial complex, Russia’s Deputy Prime Minister  Dmitry Rogozin. “The damage is estimated not even in tens, but in hundreds of billions of dollars,” Rogozin said, according to Crime Russia. Speaking of RIA Novosti, Rogozin added...
Russian President Vladimir Putin has welcomed the Industry and Trade Ministry’s proposal that implies that Rostec will finance the MC-21 aircraft project, the Kremlin spokesman Dmitry Peskov said Thursday. "Yes, I can confirm it," he said, according to TASS agency. Earlier, Kommersant business daily said with reference to sources that president had...
Russia and Uzbekistan signed an agreement on establishing mutual cooperation in the pharmaceutical sector, Trend news agency reported. The agreement was signed in the Andijan region of Uzbekistan during a meeting of the regional governor with the CEO of Russian company Medsintez. According to the report, the two sides discussed a...
Despite not having a clear economic program to offer to voters, Russia’s president Vladimir Putin boasts the country’s “economic turnaround” since he came to power in 2000, The Wall Street Journal reports. Earlier this month, Putin visited a car factory which almost closed as a result of a recession...