In 2015/2016 MY, Ukraine received 48 notifications about qualitative characteristics of exported grains, which break a record, the chief specialist of the Phytosanitary security department at the State Service of Ukraine on Food Safety and Consumer Protection Elena Shakina declared. According to her, 35 notifications came from the quarantine service in Indonesia. At the same…
IMF forecasts of Russia’s GDP have improved immensely since spring of 2016. The IMF has repeatedly improved its forecast for Russia’s GDP dynamics. Now it expects Russia’s GDP to decline by 0.8% in 2016 and to grow by 1.1% in 2017, according to the IMF’s Global Financial Stability Report. In July, in its regular annual…
The International Monetary Fund (IMF) forecasts Ukraine’s GDP at the level of 2.5% in 2017, according to the IMF’s World Economic Outlook. In particular, according to the table with data on CIS countries, Ukraine’s real GDP totaled minus 9.9% in 2015, while in 2016 it is estimated at 1.5%, and is projected at 2.5% in…
Heineken United Breweries will suspend production at PIT Company, its affiliate in the Russian city of Kaliningrad, from January 1, 2017 to maintain efficiency, the company said in a statement. PIT Company’s production will be redistributed among other Heineken companies, but some of its area will be used as storage. “The company has made the…
Russian gas giant Gazprom may invest 120-140 billion rubles in the development of the Chayanda field and in construction of the Sila Sibiri (Power of Siberia) natural gas pipeline in the republic of Yakutia in 2017, the republic’s head Yegor Borisov reported. “Speaking of Gazprom, we are only building plans today, we have not seen…
Russian gas giant Gazprom does not fear competition from the U.S. liquefied natural gas (LNG), Deputy CEO Alexander Medvedev said. “We are very well prepared for competition. When they ask me if we fear competition with the U.S. LNG, I openly say that I am not afraid of that”, he said. Gazprom’s confidence comes from…
On October 4, Egypt purchased 240 KMT of milling wheat from Russia for shipment during November 1-10, at the average price of $187.11/MT C&F. The price at the previous tender equaled $187.03/MT C&F. The purchase included: 60 KMT of Russian wheat from Union at $186.32/MT C&F ($177.77/MT FOB with a freight rate of $8.55/MT); 120…