China’s Silk Road Economic Belt concept has been adapting to Russia’s Eurasian integration program, Russia’s ambassador to China Andrei Denisov said. “There has been significant progress in determining the mechanism of interaction between the Eurasian integration project and the Silk Road concept”, the ambassador said. “We have an opportunity to boost cooperation in all areas”,…Details
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The largest bank in Ukraine, PrivatBank (Dnipro) posted a 6.5-fold rise YoY in profit in January-September, to 592 million UAH, the bank has said in a report. Net interest income (before payments to reserves) over the period reached 3.085 billion UAH (3.281 billion UAH in January-September 2015). Commission revenue grew by 71%, to 7.587 billion…Details
Baltic Fuel Company (BFC) says it has obtained a final permit from the Federal Marine and River Transport Agency (Rosmorrechflot) for construction of Marine Oil Terminal “Turukhtanniye Islands” within the Big Port St. Petersburg. This document approves of the construction of the entire complex of assets. The permit for construction of this terminal issued by…Details
Six new outbreaks of African Swine Fever (ASF) have been reported on pig farms and backyard/village units in Ukraine. The outbreaks were reported in the north and south of the country in the areas of Kharkov, Odessa, Nikolayev and Poltava. In total, there were 11 cases. (ThePigSite/Business World Magazine)Details
BelAZ heavy-duty truck manufacturer is due to hold a contest to choose a project developer, a project designer and an equipment supplier for a $45 million project aimed at upgrading the truck manufacturer’s CNC machine workshop. The closing date for applications is December 23. The equipment and solutions are to be supplied in the period…Details
Belarus’ foreign trade deficit stood at $2.397 billion in January-September to compare with a $1.844 billion deficit in January-September 2015, according to the National Statistics Committee (Belstat). Commodity exports decreased by 15.7% YoY, to $17.245 billion, while imports decreased by 11.9%, to $19.642 billion. Exports from Belarus included $10.422 billion worth of supplies to the…Details
Russia’s Economic Development Ministry expects exports to Vietnam to rise by 50% in dollar terms in 2016, First Deputy Minister Alexey Likhachev said. “Vietnam is the only big country with positive rates of mutual trade last year and in the first seven months of this year even in dollars. The dollar puts a substantial pressure…Details