The government of Georgia signed an agreement that grants the Anaklia Development Consortium (ADC) the exclusive right to construct, develop and operate the $2.5 billion Anaklia deep seaport, which would help establish a new maritime corridor from China to Europe. As part of the agreement, the government will invest $100 million in the construction and…
International energy prices will start growing very soon, Russian gas giant Gazprom CEO Alexei Miller said at an International Gas Forum. “The current level of international prices does not allow the world’s economy to solve tasks that may be solved only with the help of gas. And this means that we will definitely see a…
Russia is in general ready to back a freeze of oil production, Economic Development Minister Alexei Ulyukayev reported. “We’ve already said that we are ready to support efforts in freezing oil production. The level of the freeze is a question that has to be discussed, but in general we are ready to support the idea”,…
DTEK Energy Operating Company in the framework of restructuring its loan portfolio will transfer Obukhovskaya mine directorate (the Russian Federation) together with borrowings of $436 million to DTEK strategic holding for direct control. According to the press service of the holding, this will allow to reduce the loan portfolio of DTEK Energy that will improve…
Britain’s Crown Agents will not be able to supply three out of 214 pharmaceuticals from the procurement list bought using 2015 national budget funds. There is no alternative to the drugs in Ukraine today. Crown Agents reported that Lamivudinum (1,200 mg, 69th on the list) would not be bought due to the impossibility of buying…
VTB Capital, an investment advisor in privatization of the government’s 50.08% stake in Russian oil company Bashneft, has recommended selling the stake in a single lot, Economic Development Minister Alexei Ulyukayev said. “The advisor’s recommendation is a sale in a single lot”, he said. “We are completely ready for that, and I mean VTB Capital,…
The downward trend in Ukrainian export market changed to some price growth. Last week wheat export prices strengthened. The prices for 2nd grade wheat (12.5% protein) grew by $1 to $168-170/MT FOB, while 3rd grade wheat prices (11.5% protein) reached $161-164/MT FOB for October delivery. Some recovery of importers’ demand for October-November was observed on…