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Overseas investment in Indian airline sector

NEW DELHI, India - Though the government may have allowed foreign carriers to invest in cash-strapped domestic airlines, it is unlikely to usher in benefits unless issues of high-taxes and infrastruct

Foreign airlines to take stakes in Indian carriers

NEW DELHI, India - After 16 years, the government is set to again allow foreign airlines to take stakes in Indian carriers later this week.

India may allow direct foreign investment in domestic airlines

NEW DELHI, India - Indian government has initiated inter-ministerial consultation for allowing foreign airlines to buy equity in domestic carriers.

Direct foreign investment in Ukraine increases fivefold

KYIV, Ukraine - Over the period of the last 12 months foreign direct investment to Ukraine has increased almost five times over.

North Korea to designate Mt. Geumgang as international tourism zone

North Korea announced a plan Friday to designate the Mt. Geumgang tourist region as an international tourism zone to attract foreign investment.

Brazil wants to ease airline sector investment limit for foreigners

SAO PAULO, Brazil - Brazil's government is backing legislation to significantly boost the stake foreigners can hold in domestic airlines, the defense minister said Thursday.Nelson Jobim, whose ministry oversees civil aviation, said raising the limit on foreign ownership to 49 percent from 20 percent would increase competition and draw investment to help ease an air traffic crunch.

Greece wants foreign airline as Olympic investor

ATHENS, Feb 2 (Reuters) - Greece wants a foreign airline to invest in Olympic Airlines [OLY.UL] as part of its attempt to privatise the ailing carrier, Transport Minister Kostis Hatzidakis said in an interview published on Saturday.