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: 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,…