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MOSCOW, June 21 (RIA Novosti) - Russian...

MOSCOW, June 21 (RIA Novosti) - Russian producers of perfumes and cosmetics that contain alcohol are expecting a rise in prices in view of a new alcohol law coming into effect July 1, the head of a Russian perfumes association said Thursday. The new law introduces automated alcohol meters (EGAIS) and has been declared as a measure to curb dangerous alcohol consumption. "Certainly, there will be a price hike after July 1," which could be as much as 20% by the end of 2007, Tatiana Puchkova said. "In addition, there is an apprehension that leading market players... will leave the market altogether." A senior official from the perfumes association, Sergei Bolshakov, said only about 650 of 3,500 producers on the Russian perfumes market, which has annual sales of $7 billion, had obtained the necessary licenses. Puchkova said small and medium producers could start selling products of dubious quality over lack of funds to obtain the licenses or equipment. However, the producers hope the government will exclude them from the law and thereby prevent a crisis similar to last year"s. The perfumes association said the crisis in July-August 2006 saw annual sales plummet 75% from 85 billion rubles ($3.3 billion) in 2005 to 54 billion rubles last year.

Exhibitions

Croatian President Stjepan Mesic said on...

The Croatian president is on a working visit to Moscow, the last before his term expires in early 2010.

"Russia"s potential is huge while Croatia"s potential is small. However, great potential can be found in the human factor and certain branches of industry. Croatia has completed the construction of roads and I believe we hold a leading place in Europe in the development of a highway network. This factor facilitates cooperation between Croatian and Russian businesses," Mesic said.

He said Croatia had accumulated large potential in housing construction and would like to cooperate in this sphere not only with Moscow but also with some Russian regions.

Mesic said the countries could also cooperate in ship-building.

"Croatia has a highly developed ship-building industry, which is currently in a rather grave condition. However, cooperation with Russia would help build new modern vessels," he said.

Mesic said that Russia and Croatia could cooperate

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