Monday, 18.03.2019
Cyprus will not abandon the system of granting citizenship to foreign nationals investing in its real estate market and businesses despite the European Commission’s calls for ending this practice, the President of the Cyprus Chamber of Commerce and Industry, Christodoulos Angastiniotis, told Izvestya. According to Angastiniotis, the activity, popular with...
Russia’s Rostec State Corporation and investment giant Sistema plan to close a deal on establishing a joint venture in the field of microelectronics which may include about 20 enterprises as early as this month, RBC reported, citing sources in both companies. According to RBC sources, Sistema is going to control...
Belarusian heavy vehicles manufacturer BelAZ has signed a trilateral agreement with Russian IT company VIST Group and transports firm Region 24 on creating a robot system for mining operations, BELTA reports. The document was signed during the international trade fair Innoprom 2018 in Yekaterinburg, BelAZ representatives told the news agency. BelAZ specialists...
Russia’s largest locally owned pharmaceutical company, Pharmstandard, has sold the controlling stake in its Ukrainian subsidiary, PJSC Pharmstandard-Biolek, based in Kharkov, to Cyprus-registered Vilkom Services Limited, Interfax Ukraine reported. Last week, Vilkom Services Limited bought out a 46.93% stake in Kharkov pharmaceutical manufacturer from the Russian company. Thus, taking into account...
Glencore and Rusal have asked the London Metal Exchange to temporarily lift its suspension on Rusal’s aluminum after the U.S. Treasury allowed an extension of the deadline for companies to divest from the Russian firm under U.S. sanctions, sources told Reuters. There was no other detail about the request, but...
Production at Russian miner Polymetal International’s new Kyzyl mine in Kazakhstan has started after the completion of all construction and commissioning activities, Mining Technology reports. The first gold concentrate from Kyzyl was supposed to leave the mine next month, as per the company’s January 2018 updated plan. The capital expenditure for...
A Russian company is among three foreign firms which have placed bids for a strategic partnership in RTB Bor, Serbia's only copper mine and smelter, the Economy Ministry said, according to SeeNews. The ministry’s statement did not name the companies, but according to Russian media, the firm in question is...
South Africa-based mining equipment supplier Weba Chute Systems has appointed Russian polyurethane producer Somex as its licensee in Russia, the company said on Tuesday. Weba Chute’s managing director Mark Baller says the selection of Somex as its partner in Russia is in line with the company’s long-term goal of...
Russian federal agents raided several stores belonging to the Krasnoe & Beloe (“Red & White”) alcohol sales chain on Wednesday, Forbes Russia reported. Officers from Russia’s Federal Tax Service, the Federal Alcohol Market Regulation Service, the Federal Security Service, and the Special Police Force carried out searches of the...
Uncertain conditions in the freight market are forcing Russian state-owned shipping company Sovcomflot to delay its long-planned initial public offering (IPO), the company said on Tuesday, according to Reuters. Weak markets together with international sanctions placed on Russians over Moscow's role in the Ukraine crisis have prevented the listing of...