Belarus: Belenergo and Siemens sign strategic partnership agreement

The Belarusian national electrical company Belenergo and Siemens Company signed an agreement on strategic partnership and cooperation during the Belarusian Energy and Ecology Forum in Minsk on October 11. The document was signed by OOO Siemens Technologies Director General Maxim Zubov and Belenergo First Deputy Director General, Chief Engineer Alexander Sivak. Belenergo and Siemens intend…

Belarus: Gomselmash starts testing agricultural machines in Pakistan

The Belarusian mechanical engineering company Gomselmash has started testing its agricultural machines in Pakistan, Yuri Rafeyev, Director of Gomselmash’s Non-CIS Sales Department, reported. According to the source, Gomselmash is testing forage harvesters, which have already been shipped to Pakistan. Those are three mounted rotary mower conditioners Palesse SN15 and a trailed mower conditioner Palesse ST42.…

Belarus makes $32 million deal with Pakistan to supply 3,500 tractors in 2017

Belarus has signed a contract with Pakistan to supply 3,500 tractors worth more than $32 million in 2017, Minsk Tractor Plant (MTZ) said in a message posted on the manufacturer’s web site.

MTZ hopes to sell at least 5,000 Belarus tractors in Pakistan annually. (Prime-TASS/Business World Magazine)

Ukraine: forecast of grains production and exports up

In September analysts of APK-Inform Agency adjusted the supply and demand balances of grains in Ukraine, and increased the forecast of the general harvest of grains and pulses in 2016/2017 MY to 63.9 million tons.

This is 6.3% more compared with the harvest-2015 (60.1 million tons). (APK-Inform/Business World Magazine)

Belarus: transit truck haulage down in H1 2016

Transit truck haulage across the territory of Belarus reduced by 0.8% YoY in H1 to 414,142 trips, the Belarusian Association of International Trucking Companies (BAMAP) reported. Belarusian trucking companies accounted for 15% of transit truck haulage in H1 2016, Russian truckers – 58.3%, Polish truckers – 18.3%, Lithuanian truckers – 8.3%. Transit truck haulage across…

Belarus: SvetlogorskKhimvolokno net profit up in H1 2016

The net profit of OAO SvetlogorskKhimvolokno (Svetlogorsk Chemical Fiber Plant) totaled Br22,000 in H1 2016, which makes an equivalent of $11,418, up by 10% YoY, according to the quarterly report released by the Finance Ministry’s Securities Department. SvetlogorskKhimvolokno’s revenues reached Br106.58 million in H1 2016 ($55.314 million), up by 18.5% YoY. The company’s only shareholder…

Russia to privatize 8% more in ALROSA in 2017

The Russian Economic Development Ministry will suggest the government privatize another 8% in uncut diamond mining giant ALROSA in 2017, Minister Alexei Ulyukayev reported. In July, the government sold 10.9% in state-run ALROSA to private investors for 52.181 billion rubles on the Moscow Exchange. “We’ve put forward this option. We will continue to suggest it…

Russia: Lukoil official sees $80 oil price optimal

An $80 per barrel oil price would be the market’s “golden mean,” Vice President of Russian oil producer Lukoil Leonid Fedun reported.

“The price which the market needs now in order for us to satisfy global demand until 2030 is $80 per barrel, according to our estimates”, Fedun said. (Prime/Business World Magazine)