Russia: ACRA sees GDP up over next 5 years

Russia’s recession is not over yet and the gross domestic product (GDP) growth will be limited to 1-1.5% over next five years even if oil prices are high, the Analytical Credit Rating Agency (ACRA) said in a revised economic forecast until 2020. “The social and economic statistics for January-July shows that the recession is not…

Ukraine: Antonov halts production due to broken ties with Russia

Ukrainian aircraft producer Antonov has suspended jet production due to halted cooperation with Russia, Andrei Khaustov, deputy director of the company’s department for advanced development, said. After relations with Russia worsened due to the conflict in Southeastern Ukraine Antonov decided to break production ties with Russian companies and switched to import substitution of components. “Now,…

Ukraine: corn yields up

As of September 7, grains and pulses had been harvested from 9885 thousand ha (69% of the intended area) compared with 10419 thousand ha on September 7, 2015. Farmers obtained 38.525 MMT with average yields at 3.9 MT/ha (on the same date in 2015 – 37.404 MMT with the average productivity of 3.59 MT/ha). Buckwheat…

Ukraine: electricity exports at $109.5 million in January-August 2016

In January-August Ukraine exported $109.49 million worth of electricity, in particular $11.122 million in August. According to the State Fiscal Service, electricity delivered to Hungary amounted to $82.897 million, $26.238 million to Poland, $347,000 to Moldova and $7,000 to other countries. In January-August Ukraine imported $2.759 million worth of power from Russia and $46,000 from…

Ukraine: Ukroboronprom prepared to transfer 3 Mi-24PU-1 modernized helicopters to army

The state-run enterprise Konotop Aircraft Repair Plant Aviakon (Sumy region), part of Ukroboronprom Concern, has modernized three attack helicopters Mi-24PU-1 for the Armed Forces of Ukraine. The helicopters are ready to be handed over to the Land Forces, the concern’s press service reported. During Mi-24PU-1 development special attention was paid to attack helicopters’ security enhancing.…

Russia: oil joint venture granted subsoil license for the Tsentralnaya structure in the Caspian Sea

The Tsentralnoye oil, gas and gas condensate field was discovered in 2008 following the Tsentralnaya-1 prospecting drilling. According to the National Register, the field’s C1+2 recoverable reserves are estimated at 135 million tons of reference fuel (liquid hydrocarbons approximately 70%). LLC Neftegazovaya Kompaniya Tsentralnaya (Central Oil and Gas Company), a joint venture of PJSC LUKOIL,…

Russia: RHH signs contract with Indonesia

Russian Helicopters Holding signed several contracts on the delivery of components to Southeastern Asia, the company informed. In particular, it concerns contract with Indonesia, Thailand, etc. Russian Helicopters is a subsidiary of Oboronprom included into Russian Technologies. It provides control over Moscow M. Mil’s Helicopter Plant, Kamov, Ulan Udinsky Aviation Plant, Kazansky Helicopter Plant, Rostvertol,…