Ukraine: UkrOboronProm cooperation with Azerbaijan establishes model of working relationship with other countries

Cooperation between Ukraine and Azerbaijan in AN-178 production will establish the model of UkrOboronProm working relationship with other countries. This was stated by Director General of the State Concern Roman Romanov, commenting on the statement of the President of Ukraine in his briefing in Baku in the framework of the official visit to Azerbaijan. “One…

Russia: Turkey imports of wheat brans up

Russia continues to export high volumes of wheat brans. In May shipments of wheat brans from Russia were 69.15 KMT, which is 38.5% higher than in May 2015 (49.9 KMT). Since the beginning of the season Russian wheat bran exports are 12% higher than over the same period of 2014/2015 (717.2 KMT against 637.7 KMT…

Turkmenistan: acting head of oil and gas construction concern named

Deputy head of Turkmenistan’s “Turkmenneftegazstroy” state concern Atakuli Tatov has been appointed acting head of the concern, the decree signed by Turkmenistan’s President Gurbanguly Berdimuhamedov said. The subdivisions of the state concern are engaged in construction of oil and gas pipelines and development of oil and gas fields, reconstruction of oil processing facilities, as well…

Ukraine: Yuzhnoye Design Office looses $800 million following Brazil’s contract termination

Losses bourn by Ukraine because of the unilateral termination of the Cyclone-4 contract by Brazil can reach about $800 million, the press service of Yuzhnoye State Design Office has said. “According to preliminary estimates, Yuzhnoye Design Office losses could amount to roughly $800 million because of the unilateral contract termination by Brazil”, the report has…

Uzbekistan: deputy chairman of Central Bank chosen

Shokhrukh Shoakhmedov was appointed the deputy chairman of Uzbekistan’s Central Bank according to a decree of President Islam Karimov, the Central Bank said. Shoakhmedov was heading the Central Bank’s central administrative board in Tashkent. Uzbekistan’s Central Bank is tasked to regulate money circulation and activities of commercial banks in the country. Currently 26 banks operate…

Ukraine: new record in grain exports set

According to the Ukrainian AgMin, new record was set in grain exports, which exceeded the previous volume by 5 MMT. Preliminary estimates of 2015/2016 total exports are 39.415 MMT. This includes 17.354 MMT of wheat, 17.396 MMT of corn, 4.409 MMT of barley and 256 KMT of other grain crops. In 2014/2015 34.805 MMT of…

Ukraine: grain crops condition

Weather conditions were favorable for winter and spring grain crop development in May-July. During the first week of July soil moisture reserves were satisfactory except for Western regions. Last week was rather hot with minor precipitations. Currently, a dry weather phenomenon is observed in some Southern, Eastern and Western regions. Early spring crops are at…

Russia: Belarus NPP receives high pressure heater

The Taganrog Boiler-Making Works “Krasny Kotelshchik”, a member of the company Power Machines, has manufactured and shipped the chamber-type high pressure heater (chamber-type HPH) for the Belarusian NPP under construction. Large-size equipment weighing 138 tons will be installed on the first power unit of the plant. Seven similar heaters for this NPP are currently under…

Russia: RusHydro renovates Volga HPP equipment

Renovation program included the replacement of the hydro turbine, generator, excitation system, hydroelectric unit management and automation system, as well as auxiliaries. The equipment has been renovated in line with RusHydro’s Comprehensive Renovation Program (CRP). The new turbine features an improved design and is highly environmentally friendly. The renovated impeller has 5 blades instead of…

Ukraine: FUIB starts paying Mykhailivskyi clients

Starting with July 15, PJSC “FUIB” begins to disburse the guaranteed amounts of deposits to the customers of PJSC “Bank “Mykhailivskyi”, that is, to individuals whose funds are subject to compensation by the Private Deposit Guarantee Fund. PJSC “FUIB” disburses funds to depositors who, when concluding bank deposit/account agreement with PJSC “Bank “Mykhailivskyi”, had their…

Russia: Gazprom, RZD, Transmashholding and Sinara sign agreement on cooperation

Gazprom, Russian Railways, Transmashholding, Russia’s largest manufacturer of rail rolling stock and medium-speed diesel engines, and Sinara Group have entered into an agreement covering the utilization of natural gas as engine fuel. The agreement was signed by Andrei Bokarev, President of Transmashholding, Oleg Belozyorov, President of RZD, Alexey Miller, Chairman of Gazprom’s Management Committee, and…

Russia: ZMZ profits in H1 2016

Following the results from the first half year 2016 Zavolzhsky Motorny Zavod has got profit in amount of 17,9 million rubles (without VAT) from infrastructure service for residents of industrial park. Particularly the payable infrastructure services for residents of industrial park, i. e. for companies Leoni, Daido Metal Rus, Trelleborg, MobilGasService, Ferrum, NPO Technograd, Project…

Ukraine: first AN-132 to hit the skies in autumn

SE “Antonov” plans to manufacture the first demonstrator An-132 in record time: this fall the aircraft may hit the skies. This was stated by the UkrOboronProm Director General Roman Romanov at the meeting with foreign media at the international aerospace salon “Farnborough Air Show-2016” in the suburbs of London. “AN-132D is the first global project…

Russia: Egypt purchases wheat

On July 15, Egypt purchased 300 KMT of milling wheat from Romania and Russia for shipment during August 21-30, at the average price of $175.16/MT C&F. The price in the previous tender equaled $173.03/MT C&F. In the previous tender, on July 12, Egypt bought 180 KMT of Ukrainian and Russian wheat to be shipped during…

Azerbaijan and Afghanistan mull creation of joint enterprises

Azerbaijan and Afghanistan discussed the creation of joint enterprises to produce food products, said Azerbaijan’s Economy Ministry. The discussions were held within the meeting of Azerbaijan’s Economy Minister Shahin Mustafayev with Afghanistan’s Ambassador to Azerbaijan Mohammad Taqi Khalili. The economic cooperation between the two countries and other issues of mutual interest were also discussed during…

Russia: AGCO-RM and the Ministry of Agriculture sign agreement for provision of subsidies for tillage equipment

AGCO-RM (a joint venture of AGCO, the international manufacturer of agricultural equipment, and the Russian corporation “Russian Machines”, part of the Basic Element Industrial Group) and the Ministry of Agriculture of the Russian Federation have signed an agreement for provision of subsidies for tillage and seeding equipment under Challenger brand. The subsidies will cover up…

Ukraine: 1.4 million tons of grains harvested

As of July 1, Ukrainian agrarians produced 1.4 million tons of grains and pulses (in bunker weight), an increase of 63.6% compared with the last year index on the same date, declared the State Statistics Service of Ukraine on July 15. In particular, agrarians harvested the largest grain volumes in Mykolaiv, Odessa and Kherson regions.…