The demand for industrial automation, rising energy costs and improved understanding of the advantages of electric drives will encourage their uptake across Eastern Europe, Russia and CIS over 2012-2016.
The number of major accidents in Russia’s utilities sector has increased sixfold in the first nine months of 2012, year on year, the Civil Defense and Emergency Situations Ministry said on Friday.
Virgin Group together with Virgin Green Fund has created a fund VGF Emerging Market Growth I LP, focused on Eastern Europe. The Russian State Corporation Rusnano is a partner in this fund. The total financing commitments comprise $200 million, of which two-thirds will be paid by the foreign investor.
Affordable, yet innovative pumps are the key to success in the market - End users are expected to shift their manufacturing bases to Eastern Europe due to the lower labour costs in this region
New plant to clean air and cut greenhouse gases in major port near China border
A long-term RUB 4 billion (equivalent to EUR 100 million) EBRD loan will finance the first new power plant to be built in Russia’s Far East border region of Primorsk in the last 30 years, as well as cut coal pollution in the Pacific Ocean port of Vladivostok and reduce greenhouse gas emissions by 700,000 tonnes of CO2 a year.
Philips is at the forefront of a new market for lighting devices just the way it was 120 years ago, when a small light bulb production factory first opened in the Netherlands. The Dutch multi-national is planning to move into in Russia and start production of LED lamps for street lighting. A new joint-venture company will operate out of St. Petersburg, with Philips controlling 51% and the rest belonging to the Russian partner. Investment in the project will amount to approximately €5 million.