Ukraine: UIA and Amadeus sign a partnership agreement

On November 4, Ukraine International Airlines and Amadeus signed a partnership agreement, enabling UIA to drive revenue generation and growth. The parties were represented by Yuri Miroshnikov, UIA President, and Julia Sattel, Global Head of Airline IT, Amadeus. UIA has chosen the Amadeus Altea Suite, which provides the carrier with a complete Passenger Service System…

Russia: coal exports up in January-October 2016

In January-October Russian coal exports climbed by 20.2% YoY, to 135,772,130 tons, the Ministry of Energy statistics said.

In October, coal exports totaled 14,683,100 tons.

Coal production in October totaled 33,186,500 tons (27,907,900 tons supplied). (Portnews/Business World Magazine)

Russia: board member to sell 1.3% in Magnit

A member of Russian food retailer Magnit’s board of directors, former director of its operating unit Tander Vladimir Gordeichuk is selling a 1.3% stake in the company. The price of the shares will be set during an accelerated collection of bids. UBS will act as the organizer of the deal. According to Magnit, Gordeichuk holds…

Belarus: imports of rapeseed low

In 2016 Belarus demonstrated the lowest index of rapeseed production during 8 recent years. But since the beginning of the current season, the oilseed import volumes were estimated as quite moderate, due to the higher offer prices of imported rapeseed in comparison with the Belarusian oilseed, as well as price environment of the rapeseed oil…

Ukraine fines Russian carriers for Crimean ops

The Ukrainian government has issued fines totaling 721.236 million UAH ($28.25 million) to Russian airlines carrying out commercial services to Simferopol. Ukraine has refused to recognize Russian jurisdiction over the Crimea following the latter’s unilateral annexation of the province in 2014. As such, Ukraine has issued over 5,000 fines to Russian airlines for serving Simferopol,…

Ukraine: China to invest in industrial parks

China is interested in placing its production at Ukrainian industrial parks and has already provided the Ukrainian side with the corresponding plan of cooperation, Vice President of the China International Chamber of Commerce Lu Jianzhong has said. “We see that the investment climate in Ukraine, as well as relations between Ukraine and China are improving.…

Ukraine looking for Chinese investments in economy

Ukraine expects that Chinese investors will help Ukraine develop future technologies, including the creation of the so-called smart cities in Ukraine. Deputy Presidential Administration Head Dmytro Shymkiv stated this during an opening ceremony of Ukraine Silk Road International Forum held in Kyiv. “We very much welcome the prospect of attracting Chinese investors to the Ukrainian…

Ukraine: seaports grain exports down in early November 2016

On October 31 – November 6, Ukraine exported 835.9 thousand tons of grains from the seaports, against 851.5 thousand tons on the previous week.

In particular, wheat shipments reached 221 thousand tons, barley – 63.5 thousand tons, and corn – 551.4 thousand tons. (APK-Inform/Business World Magazine)

Kyrgyzstan: demand for wheat growing

In terms of constant increasing of the demand for wheat in Kyrgyzstan, the country reduces the planted areas of grains almost every year, the Committee of flour millers under the Entrepreneurs Union of the Kyrgyz Republic declared. In 2015 the planted area under grains decreased by 23 thousand ha, while in the current year –…

Kazakhstan, Kyrgyzstan and Russia hold joint “Clear Sky 2016” military exercise

Kazakhstan, Kyrgyzstan, and Russia conducted the joint “Clear Sky 2016” International command-staff exercise. Central Asian military pilots are currently carrying out joint exercises to repel missile strikes over the region. The main purpose of this exercise is to achieve interoperability between the staff that are interested in obtaining military assistance and assistance to other states.…