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ABB Low Voltage Products celebrates 20 years of business in China
2014-07-15 source http://www.abb.com
Beijing, China. ABB’s Low Voltage Products division, a business of the leading power and automation technology group, today celebrated its 20th anniversary in China and announced 58 product launches planned for 2014.The Low Voltage Products division of ABB first invested in two manufacturing plants in Xiamen and Beijing in 1994 and now has four manufacturing facilities, two logistics centers and
EBRD AND FAO PROMOTE VIABLE FORESTS IN RUSSIA’S FAR EAST
2014-07-15 source http://www.ebrd.com
Russia’s Far East occupies one-third of the country’s territory and accounts for more than nine percent of the world’s forests. Forestry there thus plays a crucial role, locally and further afield, supplying livelihoods for millions of people and a valuable habitat for flora and fauna, including the endangered Amur tiger.Poor rural and forestry infrastructure, large scale illegal log exports
BRICS nations launch new development bank
2014-02-14 source http://www.dw.de
A new international development bank and multi-billion emergency lending pool are set to be launched by Brazil, Russia, India, China and South Africa. The move comes at a summit meeting of BRICS leaders in Brazil.The "New Development Bank" (NDB) is intended to compete with the World Bank and its private lending arm, the International Finance Corporation (IFC), by making it easier and quicker for d
Nissan sold in Russia 1 million cars
2014-02-14 source own
The Nissan in Russia broke the mark of 1 million vehicles (including light commercial vehicles) for the period from January 2004, when it was founded Nissan Russian trading company in Russia, January 31, 2014. Leaders in terms of sales for the period were models Nissan Qashqai (more than 202 thousand cars) and Nissan X-Trail (more than 167 thousand cars).Million vehicles sold was crossover Qashqai
Rolls Royce sales surge by 11 percent in China
2014-01-09 source ownRolls Royce the luxury motor car manufacture just announced a sales increase in the leading Bric country China of 11%. This represents a big increase in business for the company but China not Rolls Royce market that saw the largest increase that accolade goes to the Middle East which recorded overall growth for 2013 of 17%.
ABB to supply transformers for cloud computing center in China
2014-01-09 source http://www.abb.com
Eco-efficient dry-type transformers will help minimize losses and enhance power reliabilityZurich, Switzerland, – ABB, the leading power and automation technology group, has won an order to supply 54 ultra-efficient 10 kilovolt (kV) dry-type transformers for an R&D and data storage center in Tianjin, China, owned by Tencent, one of the country`s largest internet service providers.Tencent is
EBRD IN FIRST INVESTMENT IN FINANCIAL INFRASTRUCTURE FUND
2014-01-09 source http://www.ebrd.com
Bank commits USD 30 million to new fund targeting Russia and CISThe EBRD has for the first time invested in a private equity fund tasked with making investments in financial infrastructure, a broad sector covering everything from stock exchanges to financial IT services, brokerages and re-insurance providers.The Bank, acting as a cornerstone investor, is committing USD 30 million to Da Vinci Priva
EBRD supports grain industry development in Russia and Ukraine
2013-11-20 source http://www.ebrd.comUS$ 30.5 million investment to expand and improve Louis Dreyfus Commodities’ grain handling and logisticsThe European Bank for Reconstruction and Development (EBRD) is continuing to invest in improvements in grain handling and transportation infrastructure in Russia and Ukraine, with the aim of increasing export capacity in these countries.In the EBRD’s latest investment in this sector the Ban
Establishing Market-based Mechanisms for Energy Conservation in China
2013-11-20 source http://www.worldbank.org
Energy efficiency and climate change are increasing on the agenda for both the World Bank Group and the Chinese government.The Bank Group encourages promotion of market-based methods to boost energy efficiency in China, such as the Energy Service Company ( ESCO ) concept and energy efficiency financing credit lines.A global forum was conducted to disseminate China’s experience in ESCO and energy
Russia is rising the fastest in the Bric region with ease of doing business.
2013-11-20 source ownIn a recent report by the World Bank Russia was singled out as being one of the most improved nations in the latest World Banks ease of doing business report that was distributed towards the end of October.Russia came out at 92nd out of 189 nations rising 19 spots to emerge as the second leading country in the Bric region. In principle, this implies it is less complicated to do business in R
ABB to supply three complete mine hoist systems to Hindustan Zinc in India
2013-11-14 source http://www.abb.com
ABB, the leading power and automation technology group, has won an order for three complete mine hoist systems including related shaft equipment, to help Hindustan Zinc move its production at the Rampura Agucha mine from an open-pit to an underground operation. The new hoist systems will enable Hindustan Zinc to reach and exceed their production targets.“We are glad and proud to be the first cho
Managing Director and World Bank Group Chief Financial Officer Bertrand Badré to Visit Russia
2013-11-07 source http://www.worldbank.orgMoscow, November 6, 2013 – Managing Director and World Bank Group Chief Financial Officer Bertrand Badré will visit Russia on November 7th – 8th, 2013. Mr. Badré will be representing the World Bank Group at the G20 Financial Stability Board Plenary Meeting, hosted by the Central Bank of Russia. In addition, he will get first-hand information on Russia’s growing role as a regional and globa
India opens up to Foreign banks
2013-11-07 source ownIndia's central bank has announced new rules that will help clear the way of international banks to broaden their presence in India.International banks will now be permitted to establish "wholly owned subsidiaries" in India, that is designed to allow them to register branches anywhere in the India.The subsidiaries will require a minimum capital of 5bn rupees($80m; £50m).The adjustments are an int
Russian Dental devices, equipment and supplies market
2013-11-03 source own
Dentistry as a sector of the Russian healthcare industry has grown to become possibly the most advanced and potent aspect of the Russian medical market. The Russian dental industry is widely privatized.There is minimal government-funded dental care treatment. State dental clinics , which deliver a limited amount of free dental services, obtain payment for them either from Mandatory Medical Insuran
EU Timber exports to China Increasing
2013-11-01 source ownAfter a sluggish performance in 2012, China’s growing housing market has increased up demand for logs and timber in 2013, and European sawmills are starting to make their presence felt on the Chinese market. Based on the Eurostat statistics, in the 1st 7 months of 2013, EU’s softwood logs exports to China more than tripled over the identical period of 2012.Romania has developed the lead, with
India's stock exchange reaches record highs
2013-11-01 source ownIndia's main stock index, the Sensex, has struck a record high, propelled by a higher inflow of foreign capital. The index reached 21,293.88 early on Friday, surpassing its earlier high of 21,206 set in the middle of the stock market boom of 2008, before closing at 21,196.81. The increase marks an impressive turn around from 2 months earlier, while foreign investors were removing funds from India
China's overall economy grew 7.8 percent
2013-11-01 source ownChina's manufacturing activity expanded at its swiftest level in eighteen months in October, contributed to signs of a recovery in the world's second-largest economy.The recognized Purchasing Managers' Index ( PMI ), a measure of the sector's wellbeing, increased to 51.4 from 51.1 in September. Manufacturing is an important driver of China's growth and a PMI reading above 50 implies an expansion i
Brazil:Medical Technology Market
2013-10-29 source own
Brazil is the largest market in South America for Medical Technology and Healthcare equipment with sales in 2013 expected to be worth USD$ 8 billion for Medtech technology. Brazil imported USD $3.6 billion worth of medical products in 2012. Brazil is a major producer and exporter of medical equipment but these tend to be of lower quality. In 2012 the Brazilian market for Medical equipment grew by
EBRD lends Rb 1.7 billion to UniCredit Leasing Russia for energy efficiency
2013-10-29 source http://www.ebrd.comThe financing, equivalent to €40 million, will be used for leases to energy efficiency projectsThe EBRD is lending Rb 1.7 billion to UniCredit Leasing Russia (UCLR) – one of the country’s top leasing companies, with nation-wide coverage. The company will use the loan to finance new leases to energy efficiency projects, particularly to UCLR’s small and medium-sized enterprise (SME) clients
Project Signing: Government of India and World Bank sign $360 Million agreement to strengthen and modernize water sector in Uttar Pradesh
2013-10-29 source http://www.worldbank.orgAbout one million farm families will benefitNew Delhi, 24 October, 2013 – The government of India and the World Bank today signed a $360 million credit agreement to help build the institutional capacity needed to increase agricultural productivity in Uttar Pradesh (UP) where agriculture will continue to play an important role in alleviating extreme poverty.The credit agreement for the Uttar Prad
China Leads East Asia and Pacific in Improving Business Regulation since 2005
2013-10-29 source http://www.worldbank.orgWashington, D.C., October 29, 2013—A World Bank Group report finds that in the year from June 2012 to June 2013, China made it easier for local entrepreneurs to do business by implementing regulatory reforms in two areas tracked by the report.Doing Business 2014: Understanding Regulations for Small and Medium-Size Enterprises finds that China reformed in the areas of getting credit and enforcing
India Development Update: October 2013
2013-10-18 source http://www.worldbank.org
The World Bank’s India Development Update of October 2013 says that although the recent turmoil in global markets has amplified India's macroeconomic vulnerabilities, the country's growth potential remains high. Indeed, the current economic turmoil provides India an opportunity to accelerate growth momentum through further reforms that improve the business environment, strengthen the banking and
EBRD and Ministry support small business in Russian Far East
2013-10-18 source http://www.ebrd.comNew programme to help enterprises access business adviceToday the European Bank for Reconstruction and Development (EBRD) and Russia’s Ministry of Economic Development launch a programme to help small and medium-sized enterprises (SMEs) access business advice and the know-how of industry experts. The EBRD supports programmes aimed at helping firms in this sector to become business catalysts that
EIB supports more efficient power generation and emissions reductions in Russia
2013-10-11 source http://www.eib.orgThe European Investment Bank (EIB) is lending EUR 100 million (RUB 4bn) to support the modernisation of power and heat generation technology in Vladivostok.The project is part of a larger programme to bring natural gas to Russia’s Far East, enabling a switch from coal to natural gas as the primary energy source and reducing CO2 emissions.The loan – the first ever to be extended by the EIB in R
EBRD hails success of St. Petersburg clean river project
2013-10-11 source http://www.ebrd.com
Baltic pollution cut thanks to cooperation between Russia and international communityInternational lenders and donors gathered in St. Petersburg today for a milestone event that creates the conditions for Russia’s second city to achieve its long-standing goal of ending the discharge of untreated sewage into the Baltic Sea.Stopping this pollution, long an issue of major concern for the 55 million
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