Europe

Alcoholic beverages producers and importers Central European Distribution Corporation (CEDC) and Russian Standard have agreed a revised transaction for their strategic alliance.

The amended transaction is intended to stabilize CEDC's business and to allow CEDC to address its balance sheet issues in an orderly fashion. Changes in management structure are also included.

The contract in question will see BAE provide a total of 12 Typhoon fighter jets and eight Hawk Advanced Jet Trainer aircraft.

Manufacturing work will begin in 2014, with delivery expected in 2017, and is expect to help protect as many as 6000 highly skilled technology and engineering jobs across the company’s UK sites.

The Finnish telecommunications organisation Finnet is piloting a new concept in home computing that could revolutionise the way we operate. Jarmo Matilainen, MD of Finnet Association talks about delivering a complete cloud-based solution to the home user.

As the spectacular musical production Ice Age Live! moves from the Wembley Arena to Germany, Caspar Gerwe talks about the challenges of gearing family musicals for mega venues and a world tour.

Vice president for strategy and business development, Sergei Nossoff, discusses how a combination of international mining expertise and on-the-ground experience has created an enviable track record of delivering significant cash flows from its assets.

Iceland is no backwater, thanks largely to an innovative and forward looking business and entertainment sector supported by Síminn, one of the world’s most advanced telecommunications corporations.

Novelis today broke ground on a $250 million aluminium recycling and casting centre at its plant in Nachterstedt, Germany.

Constructed adjacent to the company's existing aluminium rolling mill, the new centre will enable the company to produce 400,000 metric tons of aluminium sheet ingot from recycled material annually, and is projected to be the world's largest aluminium recycling centre.

Estimated to cost around 16 billion euros, the South Stream pipeline will be jointly funded by Gazprom, Italy’s Eni, France’s EDF and a unit of Germany’s BASP, with the former expected to fund half of the capital expenditure.

Due to start operating in 2015, the pipeline will travel under the Black Sea via the Balkans, bringing up to 63 billion cubic metres of gas annually. Upon completion the pipeline will reach Bulgaria, Serbia, Hungary, Slovenia, Austria and Italy in one leg, while a second will reach Croatia and Greece.

Chief executive officer Harri Natunen explains how the company is using bioheapleaching technology to get the most from its low grade nickel deposits.

Though it is perhaps not the first country that one associates with the industry, Finland’s mining history in fact dates back to 1540. Today the raw material base for its metal industry is made up from the exploitation of nickel, copper, cobalt, zinc and lead ores, as well as chromium, vanadium and iron deposits.