• Thyssenkrupp sells the elevator business for 172 billion euros

    Thyssenkrupp sells the elevator business for 172 billion euros

    German conglomerate Thyssenkrupp has announced the sale for 17.2 billion euros ($ 18.9 billion) of the elevator manufacturing unit to a group of investors led by the direct investment funds Advent and Cinven. This will allow a difficult company to improve its financial position. The industrial giant, among other things, produces steel, car parts and submarines, but the jewel of his business was considered to be a division of Thyssenkrupp Elevator, which produces elevators, escalators, passenger conveyors, lifts, teletraps and attracts investors large and reliable. Last year, Thyssenkrupp Elevator’s revenue amounted to 8 billion euros, about half accounted for the

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  • Arbidol sales skyrocketed due to advertising and coronavirus

    Arbidol sales skyrocketed due to advertising and coronavirus

    Sales of the antiviral drug arbidol and analogues have been rising sharply since late January, although before falling, according to DSM Group. Agency analysts attribute sudden growth to advertising and excitement due to coronavirus COVID-19 On January 28, the media reported that an advertisement for arbidol mentioning the coronavirus had appeared on radio stations. On February 25, the Federal Antimonopoly Service filed a lawsuit over the advertisement. In mid-February, China included the drug in the list of drugs that can be used to treat COVID-19. From January 27 to February 2, sales of arbidol in packaging increased by 14% compared

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  • The first aircraft engine created in Russia had to be re-certified

    The first aircraft engine created in Russia had to be re-certified

    The Aviation Register of the Interstate Aviation Committee (IOC) is involved in the certification of the PD-14 engine. . ADK and KLA are part of the state corporation Rostech. PD-14 is one of the main projects of the Russian civil aviation industry, the first civilian jet engine built in Russia from scratch, it is designed for medium-range aircraft MS-21, developed by the KLA. In October 2018, PD-14 received a type certificate from Rosaviatsia. This is a key document in the aircraft industry, which means the possibility of safe operation, without which it is impossible to supply equipment for the benefit

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  • Brewers are asked to tighten the requirements for the composition of beer

    Brewers are asked to tighten the requirements for the composition of beer

    The Union of Russian Brewers (PSA) has appealed to the Ministry of Finance to tighten the requirements for the composition of beer. On January 9, 2021, the technical regulation of the Eurasian Economic Union (EAEU, which includes Russia) “On the safety of alcoholic beverages” will come into force, which will replace grain up to 50% of malt in beer production. While in Russia there is a stricter rule, you can replace 20% of malt, the PSA asks to enshrine it in the new regulations. “Vedomosti” got acquainted with a copy of the letter of the PSA chairman Daniel Briman, the

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  • Sugar factories are closing in Russia

    Sugar factories are closing in Russia

    In the agricultural season 2020/21 (lasting from August 2020 to July 2021) will not be able to operate plants with a total capacity exceeding 150,000 tons, said the chairman of the board of Soyuzrascukar Andrei Bodin. We are talking about the Melevza Sugar Plant in Bashkortostan (part of the Prodimex group), the Nurlak Sugar Plant in Tatarstan (part of the local Agro-Invest Group) and the Tovarkovo Sugar Plant (owned by Rosselkhozbank) in the Tula region. Prodimex and Agro-Invest have already announced plans to temporarily suspend production at their plants. Tovarkovo Sugar Plant informed the government of the Tula region about

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  • Danish shoe manufacturer Ecco has bought a Russian partner

    Danish shoe manufacturer Ecco has bought a Russian partner

    Danish Ecco has bought 100% of its Russian distributor Eco-Ross, two representatives of competing companies told Vedomosti. The information was confirmed by a representative of the Federal Antimonopoly Service (FAS): the request for the deal was received in November 2019, it was approved. Eco-Ross was registered in 1994. The company is owned by Andrei Sevagin and Ivan Shtopel on a parity basis and is the exclusive distributor of the Ecco brand in Russia and the CIS. Now, according to the company’s own data, it has 222 stores in Russia, 13 in Kazakhstan, five in Belarus, two in Uzbekistan and Kyrgyzstan

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  • Greenhouses have proved to be the most profitable area of ​​agriculture in Russia

    Greenhouses have proved to be the most profitable area of ​​agriculture in Russia

    Rosselkhozbank’s Center of Industry Expertise analyzed which areas of agriculture are the most profitable. The analysis is based on the bank’s calculations according to the reports of borrowers for the four quarters ended October 31, 2019. Among the bank’s customers – 11,000 farmers. “Vedomosti” got acquainted with the results of the study. Industry leaders According to experts, the highest profitability of EBITDA among farmers is in greenhouse vegetable producers: it grew by 8 percentage points to 52% over the year. The greenhouse business began to grow rapidly after the introduction of the food embargo and the devaluation of the ruble

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  • Rosrybalovstvo opposed the holding of auctions for fishing

    Rosrybalovstvo opposed the holding of auctions for fishing

    Rosrybolovstvo opposes the position of the Federal Antimonopoly Service (FAS), which proposes to distribute the rights to catch fish and seafood at auctions. This follows from the press service of the agency. Abandonment of the quota mechanism will negatively affect the development of the fisheries complex, reduce investment, worsen the economic performance of the industry and increase social tensions, the agency said. In addition, according to a representative of the Fisheries, this will encourage some fishermen to poach to replenish costs due to participation in auctions. The agency sent its position on this issue to the FAS. The Antimonopoly Service

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  • The FAS proposed to meet the redistribution of the fishing market

    The FAS proposed to meet the redistribution of the fishing market

    The proposal to reform the order of distribution of rights to fish and seafood is contained in the draft presidential decree “On the national plan for the development of competition for 2021-2025.” It was developed and sent for interdepartmental approval by the Federal Antimonopoly Service (FAS). “Vedomosti” got acquainted with the text of the document, its authenticity was confirmed by two federal officials. It is necessary to move from the historical principle of allocation of quotas to their allocation at auctions, the FAS suggests. Deputy head of the service Mikhail Euroev says it will help develop the market. There will

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  • For the first time in more than 20 years, the Russian beer market has changed its leader

    For the first time in more than 20 years, the Russian beer market has changed its leader

    According to the results of 2019, the leader in the Russian beer market has changed: AB InBev Efes took the first place for the first time, and the long-standing leader, Baltika, a member of the Carlsberg Group, took the 2nd place. This was told to Vedomosti by employees of two breweries with reference to Nielsen and the state accounting system EDAIS. They do not disclose specific figures. The report of VTB Capital published on February 12, citing company data, says that the share of AB InBev Efes in 2019 was 28%, Baltika – 27%. Baltika produces beer under the Baltika,

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  • The Brewers’ Union has complained about dumping in the beer market

    The Brewers’ Union has complained about dumping in the beer market

    Some brewers have been pursuing policies of dumping and unfair competition for several years, according to the Union of Russian Brewers. This stimulates the development of the gray market and does not allow most brewers to develop a civilized business. The union does not specify who is dumping. But he made the statement the day after Russia’s largest beer producers, AB Inbev Efes, Baltika and Heineken, left the union. These three companies account for 70% of beer production in Russia. The reason is fundamental disagreements with other members of the union over the fight against the illegal market, including issues

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  • Russian brewers quarreled over retail prices

    Russian brewers quarreled over retail prices

    Russia’s three largest brewers – Baltika (part of the Carlsberg Group), Heineken and AB InBev Efes – have announced their withdrawal from the Union of Russian Brewers (PSA). The reason is fundamental disagreements with other members of the union over the fight against the illegal market, including issues of state regulation of prices, prescription restrictions and differentiated excise taxes, they said. The existence of disagreements was confirmed by the press service of the union: representatives of the companies left the general meeting on February 11. The PSA has more than 90 companies, but the largest of them are Baltika, Heineken

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  • Gardeners have asked the state to make subsidies more understandable and transparent

    Gardeners have asked the state to make subsidies more understandable and transparent

    Director of the National Union of Fruit and Vegetable Growers Mikhail Glushkov in a letter to Deputy Minister of Agriculture Elena Fastova proposed to change the procedure for providing subsidies to gardeners. “Vedomosti” got acquainted with a copy of the letter, its authenticity was proved by Glushkov himself. The office of the Ministry of Agriculture confirmed the receipt of the letter, but the representative of the ministry did not respond to the request. Gardeners, Glushkov writes, do not always manage to get proper subsidies for already established gardens – the deficit of funds for October 2019 amounted to 2 billion

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