Russia: Egypt purchases wheat

On July 15, Egypt purchased 300 KMT of milling wheat from Romania and Russia for shipment during August 21-30, at the average price of $175.16/MT C&F. The price in the previous tender equaled $173.03/MT C&F. In the previous tender, on July 12, Egypt bought 180 KMT of Ukrainian and Russian wheat to be shipped during…

Azerbaijan and Afghanistan mull creation of joint enterprises

Azerbaijan and Afghanistan discussed the creation of joint enterprises to produce food products, said Azerbaijan’s Economy Ministry. The discussions were held within the meeting of Azerbaijan’s Economy Minister Shahin Mustafayev with Afghanistan’s Ambassador to Azerbaijan Mohammad Taqi Khalili. The economic cooperation between the two countries and other issues of mutual interest were also discussed during…

Russia: AGCO-RM and the Ministry of Agriculture sign agreement for provision of subsidies for tillage equipment

AGCO-RM (a joint venture of AGCO, the international manufacturer of agricultural equipment, and the Russian corporation “Russian Machines”, part of the Basic Element Industrial Group) and the Ministry of Agriculture of the Russian Federation have signed an agreement for provision of subsidies for tillage and seeding equipment under Challenger brand. The subsidies will cover up…

Ukraine: 1.4 million tons of grains harvested

As of July 1, Ukrainian agrarians produced 1.4 million tons of grains and pulses (in bunker weight), an increase of 63.6% compared with the last year index on the same date, declared the State Statistics Service of Ukraine on July 15. In particular, agrarians harvested the largest grain volumes in Mykolaiv, Odessa and Kherson regions.…

Russia: Defense Ministry to obtain 7 Tu-95MS strategic bombers

The Russian Defense Ministry will receive 7 modernized Tu-95MS strategic cruise missile carriers, Tupolev PJSC director general Alexander Konyukhov said. The ministry has already received the first Tu-95MS aircraft, which had been modernized in accordance with the state requirements and technical documentation, according to Konyukhov. “In accordance with conditions of state contracts, the Russian Defense…

Russia: aircraft manufacturer to deliver 3 ‘Terminator’ choppers for Arctic operation

The Russian Defense Ministry will receive six Mil Mi-8AMTSh choppers and three Mi-8AMTSh-VA ‘Terminator’ military and transport helicopters for Arctic operation this year, Ulan-Ude Aviation Enterprise Managing Director Leonid Belykh said. “Under the state defense contracts that have been signed, three Mi-8 helicopters are planned for delivery in 2016 and two in 2017 for Arctic…

Uzbekistan: GDP up in H1 2016

Gross domestic product (GDP) of Uzbekistan grew by 7.8% in January-June, the session of the Cabinet of Ministers said on July 15. Industrial production in Uzbekistan rose by 6.7% in the first half of 2016, agriculture output by 6.8%, services by 12.9% and construction works by 17.5%. State budget was executed with 0.1% surplus to…

Tajikistan: coal output up in H1 2016

Over the first six months of this year, Tajikistan has produced more than 500,000 tons of coal, up by 177,000 tons YoY, according to the Ministry of Energy and New Technologies (MoINT). An official source at a MoINT says Tajikistan is currently producing up to 7,000 tons of coal per day. Last year, Tajikistan reportedly…

Tajikistan investment portfolio includes 70 projects totaling $2.84 billion

Tajikistan’s investment portfolio now includes 70 projects totaling 22.3 billion somoni (equivalent to $2.84 billion), according to the State Committee on Investments and State-owned Property Management (GosKomInvest). Tajikistan’s investment portfolio, in particular, includes 31 grant-based projects, 18 loan-based projects and 21 mixed-finance projects. Total volume of grant financing has reportedly amounted to 9.8 billion somoni…