Recently, The Moscow Times met with Ewa Bjorling, Sweden’s minister for trade. During the interview, Bjorling discussed many issues pertinent to relations between Sweden and Russia, focusing on customs, corruption and commerce. Commercial Partners She explained that Russia is very important to Sweden as a commercial partner. The two countries, Bjorling said, have common bonds…
Category Archives: Regional News
“Take Off that Burqa!” Says France
As of this coming Monday, you’ll be fined 150 euros ($190) if you’re found wearing a burqa (a full-body covering that includes a mesh over the face) or a niqab (a full-face veil that only leaves slits for the eyes) in France. As the Interior Ministry in France explains, “The ban does not target the…
Germany Investing in Egypt’s Future
In recent news, the German Ambassador to Egypt, Michael Bock, has made it clear that Germany will soon be investing more in Egypt. Bock said that Egypt is on its way towards more stability and growth after the recent growing pains it has experienced, and he said that the growth rates in the market should…
France Leads in Foreign Investments
France is taking the lead. If you’re looking for the location that attracts the most overseas companies in the EU – France is your place. Last year alone, foreign direct investment (FDI) in France rose by 22%. France’s Agency for International Investment issued its annual report yesterday, showing that it received $57.4 billion in foreign…
German BMW Manufacturing Investment
An additional $100 million will be invested into BMW Manufacturing’s Spartanburg County’s factory along with an X3 program to “further streamline the company’s export operation.” It is hoped this move will escalate efficiency, flexibility and environmental-friendliness. Various programs will be supported in this vein, alongside the company’s support of sustainable improvement. The BMW Manufacturing Co….
FSK Investment Plans
The FSK (a sate-owned Russian grid company) has escalated investment plans for 2011 by close to 11 percent (reaching $7.3 billion) with the thought of a London listing and ultimately a semi-privatization. The original idea FSK had was to spend $6.6 billion in 2011 to upgrade its network by 2014 requiring even…
Overhaul of Treasury and Financial Advisers
The Financial Services Authority (FSA) has recently undergone a revamp, firstly, planning the establishment of the Financial Conduct Authority and a replacement of the name, Consumer Protection & Markets Authority (CPMA), for Financial Conduct Authority (FCA). More information about how the financial services regulation will work under the proposed regime has been revealed too. Plans…
New PassPort Web Portal
Northern Trust just came out with a new web portal for its PassPort which “provides an intuitive experience that eases collaboration and data integration across Northern Trust’s global operating platform for asset servicing and asset management.” According to global head of product management for Corporate & Institutional Services at the company Paul d’Ouville, this tool…
EIB Crisis
The European Investment Bank (EIB) will be giving around half of the crisis loans money to Eastern European small- and medium-sized companies. The EIB has stepped up during the financial crisis to “provide financial stability” throughout Europe. This was also part of a directive that came from EU economy ministers a few years ago to…
Aid to Italian Power Demand from Western Balkans
Various Italian companies are considering moving into the electricity sector following the development of a transmission infrastructure linking the Western Balkans to the country. The idea is to establish power generation facilities in markets which can potentially build more electricity capacity and send power back to Italy. This seems to be the main source of…
