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Ex-Im Bank and MBDA Announce Expansion of its Partnership

Friday, April 18, 2014
News Making Money

Ukraine rules out Gazprom, Naftogaz merger, backs joint gas extraction projects

25/10/2010 12:30 (1270 Day 08:59 minutes ago)

The FINANCIAL -- Kiev . Ukrainian Prime Minister Mykola Azarov ruled out a merger between Russian energy giant Gazprom and Ukraine 's national oil and gas company Naftogaz on October 25, but welcomed the idea of a joint venture between the two companies to develop gas deposits in the Astrakhan region in south Russia and in the Yamal region in the Russian Arctic, RIA Novosti informs.



The idea of merging both energy companies was touted in late April by Russian Prime Minister Vladimir Putin.


Gazprom CEO Alexei Miller said at the time that both companies should seek the merger through joint ventures as the first step towards consolidation. He also said that Russia could contribute deposits, while Ukraine could contribute its gas transportation system.


""These are good deposits. If these deposits are used as the basis for a joint venture and an asset swap, I believe we'll be able to agree," Azarov told RIA Novosti news agency.


Azarov also explained why the two companies could not merge.


"The merger in conditions when the companies have incompatible capitalization or, to be more exact, incomparable with each other is called a takeover rather than a merger. No country possessing such a prize asset as its gas transportation system, its gas and oil refining capacities would agree to such a merger," he said.



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Parliament issues strong call for EU lobby transparency register to become mandatory

16/04/2014 16:53 (1 Day 04:36 minutes ago)

The FINANCIAL -- The report approved by MEPs gives an important signal to the European Commission that a far more ambitious approach is needed to secure genuine lobby transparency in the EU, according to EUbusiness Ltd.

Marriott International Expands its Courtyard Footprint In Eastern China

12/04/2014 11:34 (5 Day 09:55 minutes ago)

The FINANCIAL -- Marriott International continues dynamic growth in China with the opening of the Courtyard by Marriott Hangzhou Qianjiang.


World News
EBRD loans to boost energy efficiency and support competitiveness of Macedonian companies

16/04/2014 16:42 (1 Day 04:47 minutes ago)

The FINANCIAL -- The EBRD has teamed up with Macedonian bank, NLB Tutunska banka, to increase the competitiveness of the Macedonian private sector and to promote energy efficiency in the country with a €6 million financing package, according to EBRD.      

EBRD helps modernise Baltic freight handling

16/04/2014 16:29 (1 Day 05:00 minutes ago)

The FINANCIAL -- A €32.5 million loan from the EBRD to Klaipedos Smelte, the company operating the container terminal at Klaipeda port in Lithuania, helped modernise its freight handling capacities and upgrade the whole Baltics region as a transit hub, according to EBRD.

EBRD to provide first loan to Tunisian leasing sector

16/04/2014 16:26 (1 Day 05:03 minutes ago)

The FINANCIAL -- The European Bank for Reconstruction and Development (EBRD) is providing a €15 million senior unsecured loan to the Compagnie Internationale de Leasing (CIL) for on-lending to local micro, small and medium-sized enterprises (MSMEs) in Tunisia. The loan is the EBRD’s first investment in the country’s leasing sector, according to EBRD.

Attack of the Clones: New Kids on the Block Shake Up CEE Consumables Space

12/04/2014 16:44 (5 Day 04:45 minutes ago)

The FINANCIAL -- Thriving sales of cheap new-build compatible products are having a profound impact on the CEE printer and MFP consumables market, according to global market intelligence firm International Data Corporation (IDC).

Chevrolet Cruze Named Diesel Car of the Year

16/04/2014 17:40 (1 Day 03:49 minutes ago)

The FINANCIAL -- Diesel enthusiasts around the world have determined the 2014 Chevrolet Cruze Diesel is the top diesel car of the year and Chevrolet is the top diesel manufacturer of 2014, according to General Motors.

Attitudes towards life are changing: 60 is the new 50

16/04/2014 17:02 (1 Day 04:27 minutes ago)

The FINANCIAL -- Money matters: Across the world, people of different generations are worried about their financial wellbeing in retirement.


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