There is a chance to privatize Russian oil major Rosneft by the end of the year, presidential aide Andrei Belousov reported. “In accordance with the schedule we should have time to do this”, he said. Economic Development Minister Alexei Ulyukayev said in late August that the government might have no time to privatize 19.5% in…
Russia’s international traffic fell by 26.6% in July to 3.6 million passengers, according to Russia’s Federal Air Transport Agency, Rosaviatsia. Total international and domestic traffic reached 10.1 million, down by 10.3% YoY. In January-July Russian airlines carried 48.2 million passengers, down by 8.2% YoY. International traffic dropped by 26.7% to 17 million, domestic increased by…
Production of ships at Russia’s Far Eastern shipyard Zvezda will start this year and the pilot order will be delivered in 2019, oil major Rosneft CEO Igor Sechin said at a ceremony to launch the shipyard’s first stage. “A project to create a modern shipyard complex Zvezda, which moved under a full control of Rosneft…
Russian car producer Sollers has started UAZ exports to China and Vietnam and plans to enter the market of Chile as well, CEO Vadim Shvetsov reported. Asia, Middle East and Africa are the main markets for the company’s exports, he said. “We supply some cars to Latin America. We’ve started supplies to China. The volumes…
Russia’s State Space Corporation, Roscosmos, has announced a tender to create space robots (Kosmorobot) that will assist cosmonauts during their extravehicular activities. The project’s contract price tag comes to 2.4 billion rubles ($36.78 million). This information has been published on the public procurement website. According to the technical design assignment, the robots will have to…
In June Romanian wheat exports were an absolute record for the month – 415 KMT. Previous record was set in June 2015 (86.8 KMT) and in the last 5 seasons average wheat volume exported from Romania in June was 52 KMT. High export pace in June was observed due to the high demand from Sudan,…
In January-June net profit of Tuapse Commercial Seaport totaled RUB 1.67 billion, up by 1.5%, YoY, the company says. The company’s revenue increased by 24.4% to RUB 3 billion. OJSC Tuapse Commercial Seaport (TCSP) is the major operator at the port of Tuapse, one of Russia’s largest ports. TCSP is part of UCL Port, a…