OAO Mogilevliftmash elevator plant says it has invested Br6.3 million ($3.234 million) in production development in January-August, up by 7.9% YoY. The money spent on equipment purchases account for 83% of the total investment – Br5 million ($2.567 million): Mogilevliftmash purchased 8 units of equipment, including a paintshop for supersized parts (by Spain’s LAGOS S.A.),…
KTD Group, which imports and produces household appliances (Saturn, Kupava trademarks), seeks to open a new refrigerator plant in the first half of 2017 in Cherkasy, the press service of the Cherkasy Regional Administration reported. KTD Group President Oleksandr Hromyko gave this information at the Cherkasy Investment Forum held last week. “We do not see…
Ireland is implementing alternative energy sources construction projects in Belarus, Belarusian Minister of Foreign Affairs Vladimir Makei said. “We are currently busy with the development of alternative energy sources. We have been closely cooperating with the countries that possess rich experience in the matter, for example, with Ireland and Germany. I am responsible for one…
The ultimate goal of recovering the International Bank of Azerbaijan is to reduce its assets and liabilities and the bank’s privatization should be the next step, Azerbaijan’s Finance Minister Samir Sharifov said. He noted that the bank’s recovery was quite a difficult process and it was too early to talk about its completion. “Unfortunately, the…
During several recent seasons, the supplies to North Korea provided the major share of the growth of Ukrainian flour exports, but in 2015/2016 MY the geography of foreign markets for the product markets significantly expanded, the Adviser to the Chairman at Agrarian Fund PJSC Sergei Sakirkin declared. In particular, the share of Asia in the…
Gazprom Export, the export arm of Russian gas giant Gazprom, plans to raise its share on the European gas market by 2-5% to 33% in 2016, Bloomberg reported citing the company’s representative Valery Nemov. In 2015, Gazprom supplied 158.6 billion cubic meters of gas to Europe having increased its market share to 31%. Gazprom CEO…
Corn harvesting in Russia is gaining pace. This grain harvest has been gathered from about 20% of the intended area, but it is already clear now that Russian corn production will be record high. The starting yields pleased producers. Moreover, as harvesting proceeds, corn productivity increases. Given the expansion of corn acreage in the country…