Russia: Telenor exit makes VimpelCom Ltd fitter

Russian billionaire Mikhail Fridman, a co-owner of VimpelCom Ltd., is happy that Norway’s Telenor has begun selling its stake in the wireless carrier, because competition between the two companies in some markets created an “abnormal” situation on the board. Telenor, which began selling its 33% stake of VimpelCom Ltd. earlier in September, is a direct…

Russia: nearly 8 million tons of grains exported

Since the beginning of 2016/2017 MY and as of September 21, the volume of grain exports from Russia totaled 7.83 million tons, down by 9% YoY (8.582 million tons), the Ministry of Agriculture of the Russian Federation declared. According to the announcement, the wheat volumes formed 6.588 million tons from the reporting export volumes, barley…

Russia: grain exports from seaports up in late September 2016

On September 19-25, the export volumes of grains from the Russian seaports reached 747.4 thousand tons, against 229.4 thousand tons shipped on the previous week.

In particular, the wheat shipments totaled 595.3 thousand tons, barley – 5.8 thousand tons, corn – 136.9 thousand tons, and peas – 9.4 thousand tons. (APK-Inform/Business World Magazine)

Ukraine: seaports grain exports up in late September 2016

On September 19-25, Ukraine exported 648.4 thousand tons of grains from the seaports, against 596.1 thousand tons on the previous week.

In particular, wheat shipments reached 579.5 thousand tons, barley – 64.9 thousand tons, and corn – 4 thousand tons. (APK-Inform/Business World Magazine)

Russia: VimpelCom Ltd chooses buyer for towers

Amsterdam-based VimpelCom Ltd. has allegedly agreed to sell its tower bases in Russia to local company Russian Towers, winner of the tender, and the deal’s future will be settled at a meeting of VimpelCom Ltd.’s board of directors, scheduled for the end of September. A person close to VimpelCom Ltd. confirmed that the process of…

Russia: oil price to fall in few years

The oil price can fall to $30 per barrel over the next few years and can decrease further over a 20-year period, Alexei Kudrin, former finance minister and current head of the Center for Strategic Research, said. “After the oil price has fallen, the budget deficit will be 3.7% (of gross domestic product) this year…