RUSSIA
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Italian Companies Considering Relocation of Their Russia and Ukraine Plants
Romania is on the investment radar of Italian companies, as a number of Italian businesses operating in Russia and Ukraine are looking into options to relocate their plants abroad, not just because of the war but also to shorten their value chains and ensure g...
European Commission OKs EUR4B Romanian Scheme To Support Firms Affected By Russian Invasion Of Ukraine
The European Commission (EC) has approved a Romanian aid scheme worth EUR4 billion to support the companies affected by Russia’s invasion of Ukraine.
Eurobarometer: Citizens' Trust In The European Union On The Rise
The summer 2022 Standard Eurobarometer survey shows increased trust of citizens in the European Union (EU) and continued strong support for the EU's response to the Russian aggression agains...
Iohannis: Romania To Increase Defense Spending To 2.5% Of GDP In The Current Security Context
President Klaus Iohannis said on Tuesday, in the context of Russia’s invasion of neighboring Ukraine, that Romania would increase the government expenditure on defense to 2.5% of gross domes...
Romanian Executive Marius Dorner Takes Top Position with Citi in Russia
Romanian executive Marius Dorner will become global subsidiaries group head of Citi’s Russia, Ukraine and Kazakhstan (RUK) cluster and of Citi Russia on November 1, 2021, subject to approval...
Romanian Executive Put In Charge Of PepsiCo Operations On 12 Markets
Romanian executive Silviu Popovici took the reins of PepsiCo operations in Russia, Ukraine the CIS early this month, 12 markets in all that generate more than $5 billion revenue.
Tarom Still Pending Approval To Use Russian Airspace To Operate Bucharest –Beijing Direct FLight
Romanian state-owned airline Tarom has been trying unsuccessfully in the last year to get Russia’s approval to use its airspace to operate the Bucharest-Beijing direct flight, Tarom sources...
Romanian In Charge Of PepsiCo Russia Aims To Double Business To EUR10B
One of the most important tasks for Silviu Popovici, the Romanian executive who is running the EUR5 billion Russian operations of soft drinks producer Pepsi Co, is to put together a team cap...
Duster, Fourth Best Selling Car In Russia In January-September
Renault's Duster is the fourth of 25 best-selling car models in Russia in January-September, while the Logan is eighth and the Sandero 15th, according to data released Wednesday by the Assoc...