Business in Brief
- By Unknown
- Jan. 21 2008 00:00
Ukraine's Bird Flu Outbreak
KIEV -- The H5N1 strain of avian flu, which can be fatal to humans, has been detected in fowl at a farm on Ukraine's Black Sea Crimea peninsula, emergency officials said Friday.
The farm in the village of Rivne has been placed under quarantine after more than 150 chickens died. (AP)
Ban Lifted on Polish Goods
WARSAW -- Russia and Poland signed an accord Friday to reopen Russia's market for some Polish plant products, such as flowers and seeds, ending a two-year embargo, Rzeczpospolita newspaper reported.
Russia will keep a ban on some Polish food products. (Bloomberg)
Bekaert to Build Plant
BRUSSELS --Bekaert, the world's largest maker of steel cord used in tires, said Friday that it would build a new plant in the Lipetsk Special Economic Zone after halting takeover talks with Uralkord in October.
The five-year construction of the plant in the Lipetsk region will cost more than 97 million euros ($142 million), Bekaert said. (Bloomberg)
Deripaska's Deal With Itera
Billionaire Oleg Deripaska's Basic Element holding agreed with an Itera Group subsidiary to enter joint projects in the Urals, Belarus, Armenia and Turkmenistan, Itera said Friday.
BasEl Cement, a unit of Basic Element, and Itera Invest Stroi will start the ventures soon, it said. (Bloomberg)
Sistema Gets Shyam Telelink
Sistema said Friday that it increased its stake in Shyam Telelink to 51 percent, part of the drive to provide telephone services in India.
Sistema paid a total of $58.1 million for control of Shyam, the company said. (Bloomberg)