Main headlines from this issue

Kuwait’s ‘Mary Celeste’ is rescued – new team in charge of the National Offset Company?

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In yet another round of changes the Chairman and the Board members of Kuwait’s National Offset Company tendered their resignations to the Kuwait Investment Authority (KIA). According to an informed source who is close to the Finance Minister they were persuaded to do so. The new NOC Chairman is.....

Thai MoD opts for countertrade over offset — “We don’t know how to negotiate an offset.”

The Thai MoD set up an ad hoc committee to investigate forming a formal offset policy but decided that counterpurchase suits the country better.

Rosoboronexport offers Croatia more than 400 percent in offsets

A Russian political and economic delegation has visited Zagreb to press an offer of industrial and trade cooperation if Croatia chooses Russian aircraft as replacements for worn out Mig-21s.

ECCO launches offset academy

Industry experts and academics have joined forces to establish the first Academy for Countertrade and Offset. Courses will be conducted in English at the ESSEC International Business School near Paris.

Offset consultant held by Swiss federal police

A consultant whose offices in Switzerland were raided in April by Italian authorities as part of a probe into corruption in a helicopter deal in India has been arrested.