The projected volume of grain exports in 2016/2017 agricultural year (July-June) could total over 40 million tons, Ukrainian Agricultural Policy and Food Minister Taras Kutoviy said after signing a supplement to the memorandum of understanding with grain traders. “According to forecasts, exports would exceed 40 million tons. This is the highest figure in the history…
Federal Freight, a unit of Russian Railways, plans to lease around 16,000 rail cars from VEB-Leasing for five years to substitute its written-off fleet. The deal will become part of a big cooperation agreement between Vnesheconombank (VEB) and Russian Railways, which is planned for signing, and in the future, the sides will develop cooperation in…
The European Commission has decided to expand access to the European Union (EU) market for some Ukrainian goods, EU Trade Commissioner Cecilia Malmstrom has said. The press service of Ukraine’s Cabinet of Ministers gave this information, referring to a statement of the EU commissioner at a meeting with Ukrainian Prime Minister Volodymyr Groysman. “EU Trade…
Ukrainian Deputy Prime Minister for European and Euro-Atlantic integration Ivanna Klympush-Tsintsadze has estimated the economic impact of a possible increase in EU quotas for Ukrainian agricultural products to reach $200 million. “We received proposals yesterday, and preliminary assessments by our Ministry of Agrarian Policy stand at about $200 million. It is farm produce alone, the…
DTEK Energo, managing assets in coal production, heat generation and distribution of DTEK energy holding, saw a 61.5% fall in net loss in January-June YoY, to 8.135 billion UAH. The company said in a press release that the main contributor to net loss reduction was continued Hryvnia devaluation, which resulted in exchange rate difference losses…
OAO Belgazprombank will act as an agent bank to secure the execution of an agreement between Belarus government and Gazprombank on financing Belarusian exports to Russia. In accordance with Belarus government resolution No. 769 dated September 27, Belgazprombank will charge a fee of up to 0.02% of the amount to be compensated by Belarus at…
The Belarusian national electrical company Belenergo and Siemens Company have signed a cooperation agreement, the Belenergo press service reported. The document was signed by Belenergo Director General Yevgeny Voronov and Siemens AG Vice President Willi Meixner. The sides intend to work together on the concept and preliminary technical solutions for using Siemens-made gas turbine power…