Russia to cut gas price for Belarus

Russia has agreed to cut the 2016 gas price and has outlined a plan of further reductions for the next few years for Belarus, while Minsk agreed to redeem a $300 million debt for past deliveries, government officials said. “The debt, which has accrued for January gas payments will be redeemed fully until October 20.…

Russia: Sovcomflot to be privatized in parts

VTB Capital, an investment advisor on privatization of the government’s 25% stake in Russian shipping company Sovcomflot, has submitted a report to the Economic Development Ministry in which it said that the stake might be sold in 2017 in parts on the Moscow and New York stock exchanges, Minister Alexei Ulyukayev reported. “Sovcomflot (privatization) may…

Russia: over 10 million tons of grains exported

Since the beginning of 2016/2017 MY and as of October 5, the volume of grain exports from Russia totaled 10.402 million tons, down by 4% YoY (10.819 million tons), the Ministry of Agriculture of the Russian Federation declared, referring to operative data of the Federal Customs Service of Russia. According to the announcement, the wheat…

Russia: daily oil output sets a record

Russia’s average daily oil and gas condensate output grew to 11.2 million barrels daily in October from 11.11 million barrels in September, setting a new post-Soviet record high, Bloomberg reported, citing preliminary data of CDU TEK, an agency that provides data and analysis to the Russian Energy Ministry. Russian Energy Minister Alexander Novak said that…

Ukraine: share of Ukrainians involved in Boeing projects has been growing for the last three years

The share of Ukrainian professionals involved in Boeing projects has increased significantly over the past three years – from 0.1% to 2%. According to the press service of the Progresstech-Ukraine engineering company, its director Andriy Fialkovsky said this at the international aviation forum Aerocongress 2016. Three years ago the share of Ukrainians involved in modeling…

Ukraine: investment boost observed

Opening of new enterprises manufacturing added-value products is a proof that Ukraine experiences growing investment levels. This was stated by Prime Minister of Ukraine Volodymyr Groysman after opening of the company Bila Tserkva Plant of Preparation Forms. “The task of the government today is to create conditions so that such companies could appear every week…

Ukraine: long awaited rains arrive

After long term September drought rains were observed throughout the whole territory of Ukraine last week. Thus, heavy rains were seen in Lvov region (Western Ukraine) – on October 4, daily precipitation totaled 54.3 mm –a lmost a monthly norm (95%). In Kharkov region 10 days precipitation amount varied within 5-12 mm, or 38-92% of…

Ukraine: investment interest constrained by unfavorable business climate

Investment interest in Ukraine is restrained by the unfavorable business environment in the country, according to participants of the Kyiv International Economic Forum. According to Ambassador of Canada to Ukraine Roman Waschuk, Canadian investors are interested in entering or expanding activities in Ukraine. At the same time, they are interested in certain guarantees of investment…

Russia to cover nearly 15% of the global food market

In the following 15-20 years, Russia will cover nearly 15% of the global food market, and increase the sum of agricultural exports to $150 billion, specialists of the International Independent Institute of Agricultural Policy (MNIAP) forecast. According to the head of MNIAP Elena Skrynnik, globalization of the Russian agricultural exports is one of the main…

Russia: grain export supplies from the seaports down in early October 2016

On October 3-9, export volumes of grains from the Russian seaports reached 325.8 thousand tons against 425.8 thousand tons shipped on the previous week.

In particular, wheat shipments totaled 238.3 thousand tons, barley – 14.2 thousand tons, corn – 70.4 thousand tons, and peas – 3 thousand tons. (APK-Inform/Business World Magazine)