The net profit of Russian chemicals company TogliattiAzot dropped by about 94%, to 1.283 billion rubles in 2016, as calculated under Russian Accounting Standards (RAS), the company said in a statement. Revenue declined by 30%, to 44.35 billion rubles. Sales profit went down by 73%, to 7.34 billion rubles and pretax profit fell by about…
The State Privatization, Demonopolization, and Competition Development Committee met with the representatives of Germany’s Foreign Ministry to discuss cooperation. The committee has closely worked together with German experts, including Finance Ministry, since 2009, pushing off the Memorandum of Understanding in Privatization and State Property Control. German support helped introduce the Corporate Governance Code in 2016,…
Ukraine International Airlines (UIA, Kyiv), the country’s largest air carrier, has refuted any financial relations with PrivatBank (Dnipro). According to UIA, PrivatBank board chairman Oleksandr Shlapak in an interview with the Ekonomichna Pravda edition published on March 9, argued that all financial and budgetary operations of UIA had allegedly been outsourced to the bank. “We…
The Ukrainian State Aviation Administration intends to apply to the air agencies of the member states of the European Union to consider an issue of lifting the current restrictions imposed on regular flights on a bilateral basis. This has been reported by the press service of the Ukrainian Infrastructure Ministry. “On March 22, the Ukrainian…
Belarus and Pakistan can boost trade to $1 billion by 2020, Belarusian Industry Minister Vitaly Vovk said during an event marking Pakistan National Day on March 23. “Belarus-Pakistan relations are growing stronger year by year and the bilateral cooperation is developing fruitfully in all fields,” Vitaly Vovk said. “The last two years became a watershed…
Ukraine kept a fast pace of barley exports in February. According to preliminary information, about 200 KMT of barley was shipped abroad that month, or 8.4 times as much as in February 2016 (24 KMT). In total, Ukraine exported 4670 KMT of barley in July-February of the current season, or 18% more than in the…
Kazakhstan’s oil production increased by 4.4% in January-February compared to the same period of 2016, the Kazakh Statistics Committee said. During the period, oil and gas condensate output hit 13.69 million tons (11.47 tons of oil and 2.23 tons of gas condensate). In the mentioned period, oil production increased by 3.8% and gas condensate production…