The economy of the Russian segment of the Internet, widely known as the Runet, will add 16.7% in 2016 to 1.581 trillion rubles, the Russian Association for Electronic Communications (RAEC) said. The growth is secured by a number of factors, including expansion of users’ expertise in Internet surfing, an omnipresent access to the Web and…
In 2016/2017 MY, Russia started exporting feed wheat for the first time, and began to compete with Ukraine in the reporting market segment, the President of the Russian Grain Union Arkady Zlochevsky declared. According to him, Russia has never exported feed wheat in previous years. At the same time, the grain supplies are not large…
Russia is ready to consider joining OPEC and other oil producing countries in their efforts on the oil market, Energy Minister Alexander Novak reported. OPEC agreed to limit oil production in a 32.5-33.0 million barrel a day range, although the level for Iran, Libya and Nigeria has not been defined yet. The agreement is to…
According to official data, in August Ukrainian barley exports grew by 17% YoY and equaled 1924 KMT against 1019.5 KMT. During the first two months of 2016/2017 (July-August) Ukrainian exporters shipped 2204 KMT of barley, which was an absolute record for the period in question. Traditionally in August Saudi Arabia lowered its purchases, importing 371…
Ukrainian President Petro Poroshenko has expressed appreciation to the United States for the decision on loan guarantees and invited U.S. companies to join the National Investment Council. “The last decision on granting loan guarantees from the U.S. government is the recognition of our achievements, as well as the decision of the International Monetary Fund to…
Ukraine’s economy in 2017-2021 may grow by 2-5% per year. This was the forecast made by 54.2% of participants surveyed at the Ukrainian Financial Forum, organized by ICU (a financial services company) in Odessa on September 29-30. According to a poll conducted among the participants, 37.5% of respondents forecast an increase in the country’s GDP…
Russian Prime Minister Dmitry Medvedev has approved of a proposal to develop a national competition development plan, and the Federal Antimonopoly Service will report to the government on its first steps in two months, the service’s Director Igor Artemyev reported. The plan will be similar to the national plan for fighting corruption. “The government is…