On September 22, Egypt purchased 240 KMT of milling wheat from Russia with shipment on October 21-31, at the average price of $187.03/MT C&F. The price at the previous tender equaled $185.52/MT C&F. The purchase included: – 60 KMT of Russian wheat from Aston at $186.80/MT C&F ($179/MT FOB with a freight rate of $7.80/MT);…
The cost of credits at Belarusian banks is higher than the profit margin of the country’s mechanical engineering companies, Belarusian First Deputy Industry Minister Gennady Svidersky said. Speaking about the financial position of mechanical engineering companies, the deputy minister said it was rather complicated, as the cost of credit resource still remained higher than the…
Internal risks are the key for the Russian economy, but foreign risks exist as well, the Central Bank’s Chairwoman Elvira Nabiullina said. “Internal risks for the Russian economy are still the key, I believe. Nevertheless, foreign risks exist as well, and Anton Siluanov has already defined them as “uncertainty”. Uncertainty in dynamics of global growth…
Belarus has announced an open tender to identify importers of alcoholic beverages in 2017, the commission responsible for holding the tender said in a statement. Importers are invited to present their bids to the Trade Ministry by October 24. They are expected to provide lists of beverages they wish to import, as well as information…
The Belarus-China car assembly company BelGee JV (based in Borisov, Minsk region) plans to launch its own car factory in the first half of 2017, Belarusian First Deputy Industry Minister Gennady Svidersky reported. The construction of a factory by the Belarusian-Chinese car assembly company BelGee is in the final stage, the new premises are ready,…
Belarus’ chemical company OAO Grodno Azot says its nitrogen fertilizer exports reduced by 22.8% YoY in January-July to 151,300 tons (in terms of 100% nitrogen), a source in the profile ministry reported. In money terms exports shrank by 42.3% YoY to $69.507 million. The experts attribute shrinking proceeds to the decline in fertilizer prices. Grodno…
Belarus’ proceeds from exports of domestic crude oil reduced by 32.3% YoY in January-July to $253.704 million, Belarus’ National Statistical Committee (Belstat) said in an official report. In January-July Belarus exported 945,900 tons of crude oil, up by 0.7% YoY. Belarus’ sole authority on oil exports is a state-controlled monopoly officially designated as Belorusneft. Germany…