Ukraine: economic effect from raising EU quotas for farmers to reach $200 million

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…

Belarus: Belenergo and Siemens to implement joint projects

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…

Belarus: Belagroprombank to take out NEFCO loan to finance environment projects

OAO Belagroprombank is planning to attract the loan of the Nordic Environment Finance Corporation (NEFCO) to sponsor environmental projects. The relevant agreement was signed by the bank and NEFCO on September 28, in Minsk. The Nordic Environment Finance Corporation (NEFCO) is an International Financial Institution established by the Nordic Governments in 1990. NEFCO provides results-based…

Ukraine: soybean complex conquering new markets

In the 2015/2016 Ukrainian farmers obtained all-time high soybean crop – 3927 KMT. Firstly, this result was achieved owing to acreage expansion to record 2200 thousand ha. Over the past ten years Ukrainian soybean exports increased significantly, while markets were diversified. Export geography already included 33 countries. Given the persisting demand for soybean processed products…

Russia: DMZ performs testing of a new AC EMU

EP3D, brand new AC EMU produced by Demikhovsky Machine Building Factory (DMZ, belongs to Transmashholding Group), is being tested at VNIIZHT testing facility in Scherbinka, Moscow region. There is a high level of standardization in relation to mechanical engineering assemblies and components between EP3D and EP2D, DC EMU also designed by DMZ engineers. The EMU…

Ukraine: Antonov Airlines gets U.S. exemption

The U.S. Department of Transportation has granted Ukrainian operator Antonov Company (Antonov Airlines) broad air charter exemptions for flights to and from the US. These exemptions follow the U.S.-Ukraine Open Skies agreement, concluded on July 14, 2015, and became effective earlier this year. The U.S. DOT has also tentatively granted Antonov Company a foreign air…

Russia: Internet economy to grow in 2016

The economy of the Russian segment of the Internet, widely known as the Runet, will add 16.7% in 2016 to 1.581 trillion rubles, the Russian Association for Electronic Communications (RAEC) said. The growth is secured by a number of factors, including expansion of users’ expertise in Internet surfing, an omnipresent access to the Web and…