127 companies within Association of European Businesses (AEB) acknowledge two main problems for doing business in Russia: bureaucracy and corruption, informs Vedomosti. The companies were interviewed by Droege & Comp for the AEB’s report on Strategy and Prospects.
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July 9, Russian federal agricultural agency banned the imports of animal products from 14 Finnish enterprises, informs Vedomsti failing to get a detailed feedback from the authorities on the ban.
Valio covers 14% of butter and 18% of processed cheese markets in Russia.
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Launched in 1996, ASEM is the only forum where Asian and European leaders, foreign ministers and other policymakers meet regularly to discuss common challenges. Despite frequent contacts, however, the Asia-Europe partnership has lost momentum.
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We may ‘love’ or ‘love to hate’ Russian domination of European energy supplies, but we have to live with it as a well established fact. Before the Gazprom-led consortium begins laying the foundation for a major new pipeline to pump Russian gas under the Baltic Sea directly to Western Europe it has to overcome objections from opponents who have won support from Sweden and are pitched against the customers for the gas in Denmark, France, Germany and the UK.
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Nowhere are the stakes as high for the future of the multi-billion dollar global gas market, than in the Shtokman gas field located deep within the Arctic Circle, about 550 kms offshore from Russia’s Kola Peninsula and near 330 meters below the surface of the Barents Sea.
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INDUSTRIAL PRODUCTION in the EU decreased by 1.7% in the euro area in December 2009 compared to November 2009, and by 1.9% in EU-27 for the same period. Moreover, despite the upswing in growth of 1.4% and 0.9% respectively that occurred in November, this has not transcribed into a lifting of EU industrial production out of the economic recession. Nonetheless, non-durable consumer goods (including food and drink products) grew by 1.0% and 0.3% respectively.
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The liberalization of the gas market has failed to achieve the much hoped-for diversification of sources and to ensure the security of supply. Alternative pipelines, such as Nord Stream and Nabucco (if completed successfully), will contribute to provide durable solutions but before they become operational, precautionary steps need to be adopted to prevent a repeat of crises such as the January 2009 crisis, argues the European Economic and Social Committee (EESC) in its opinion on the issue adopted on 20 January.
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Output by the food and drink industry decreased in the last trimester by 1.04% for EU-27 and 0.69% for the euro area respectively when compared to figures for the previous trimester.
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Russian meat production is expected to surge 6 percent to reach 10.5 million tons. The Russian government has increased its funding on domestic meat producers, particularly on poultry meat producers, said the report, aiming to meet domestic demand while realizing meat exportation.
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After rounds of consultations, U.S. poultry meat will soon return to Russia under the conditions set by Moscow, a Russian daily newspaper reported on Friday.
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This year could see about 35 Russian companies raising money through IPOs, however the plan could be complicated by the strict Russian market regulations.
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The government will launch a billion dollar program to support the mortgage market with part of the country’s pension fund, provided banks provide mortgages at no more than 11%.
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British Minister of State for Europe Christopher Bryant has given an interview with Interfax in which he discussed EU-Russian and British-Russian visa arrangements, criticized Russia’s new military doctrine, and pledged not to stand in Ukraine’s way to the European Union.
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Russia is not just oil, gas or timber but 142 million buoyant buyers. Who will have the right of first access to this vast customer base? That is the question. And it is a question of big money and big politics.
Though well aware of their huge natural resources, Russians have so far been oblivious of their main treasure, themselves. Quite unlike neighbouring China, for example, which has never forgotten the true value of its consumers. The Chinese government used to prohibit foreign investments in retail and only gave up this restriction recently as part of its entrance fee for the WTO membership.
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The liberalisation of the gas market has failed to achieve the much hoped-for diversification of sources and to ensure the security of supply. Alternative pipelines, such as Nord Stream and Nabucco (if completed successfully), will contribute to provide durable solutions but before they become operational, precautionary steps need to be adopted to prevent a repeat of crises such as the January 2009 crisis, argues the European Economic and Social Committee (EESC) in its opinion on the issue adopted on 20 January.
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