Hungarian Oriana seeks to expand in Poland
News from Emerging Markets
Russian companies lost 152.5 billion rubles ($2.7 billion) in January, official data showed, in a sign that the country's economic slump is worsening.
The Central Bank, which considers inflation of between 2.5% and 6.5% to be tolerable, said there is a “90 percent possibility” that year-end inflation will exceed the upper limit of that target range. The official figure for 2014 GDP growth will be officially unveiled on Friday.
Mexico's National Water Commission (Conagua) will invest over MXN 1.20bn (EUR 72.97mn USD 79.98mn) in 88 water projects that will benefit over 160,000 residents in Vega de Alatorre, Martinez de la Torre, San Rafael, Colipa, Nautla, Misantla and Juchique de Ferrer in Veracruz in Mexico, Conagua'
People in Turkey have spent more than 35.5 billion Turkish liras ($13.3 billion) on telecommunications last year, up from 32.2 billion Turkish liras ($12.2 billion) in 2013, a report released by Turkey's Information and Communications Technologies Authority on Friday showed.
Addar Chemicals Company, a leading conglomerate in Saudi Arabia, has awarded a $35-million engineering, procurement and construction ( EPC ) contract to Indian group Nuberg Engineering for a chemical plant in Jubail. The turnkey contract for Addar's Greenfield Sulfolane and speciality chemical plant is a major win for Nuberg.
Cabinet chief János Lázár said yesterday that the European Commission could clear an agreement between Hungary and Russia on fuel supply for the upgrade of the Paks nuclear power plant within two weeks. Hungary is looking at an agreement between Russia and Finland regarding nuclear fuel supply as a model for the Paks upgrade, Lázár confirmed.