Turkey and Russia plan to boost their trade to $100 billion a year, Turkey’s Minister of Economy Nihat Zeybekci said. “Our goal is to bring bilateral trade up to $100 billion a year. We can reach it in several years”, he explained. According to the minister, issues of trade and economic relations between the two…
Torrential rains across most of Ukrainian regions after a severe drought could leave around 1.2 million acres of winter grain area unsown and winter wheat is under major threat, a senior state weather forecaster said. Ukraine’s winter wheat harvest is highly dependent on moisture content in the soil during the autumn sowing, air temperatures in…
OPEC has increased its forecast for Russia’s oil output in 2016 by 50,000 barrels per day (bpd) to 11.04 million barrels a day, up by 190,000 barrels YoY. The forecast for the country’s daily oil production in 2017 also amounts to 11.04 million barrels. But the U.S. daily oil output is expected to fall by…
OAO Minsk Automobile Plant (MAZ, managing company at BelavtoMAZ Group) will supply 4,000 completely knocked down kits (CKD kits) for the needs of a Belarus-Vietnam joint venture to Vietnam on a duty-free basis till 2021. CKD kits will be supplied in the light of the protocol on joint production of motor vehicles on the territory…
The further inflow rate of German investments in Ukraine’s economy will directly depend on the pace of economic reforms in Ukraine. Ambassador Extraordinary and Plenipotentiary of the Federal Republic of Germany to Ukraine Ernst Reichel has stated this during the opening ceremony of the Ukrainian-German Business Forum. “We cannot force our companies to enter Ukraine…
Ukrainian pharmaceutical company Farmak plans to register its products in Malaysia by late 2018, Farmak Business Development Director Oleh Siarkevych reported. He said that first the company intended to bring its strategic products to new markets, in particular, insulin and Amizonum created by the company. In addition, the company plans to offer its ophthalmological portfolio…
The National Nuclear Generating Company Energoatom seeks to raise $250 million from Bank of America Merrill Lynch (BofA-ML) for building a centralized spent nuclear fuel storage facility before October 2017, Energoatom President Yuriy Nedashkovsky reported. “The work has been started. At the end of the summer I signed the contract with Bank of America Merrill…