International rating agency Fitch has upgraded the long-term issuer default rating of Russian uncut diamond mining giant Alrosa to BB+ from BB with a stable outlook and affirmed the company’s short-term issuer default rating at B, the agency said in a research note. “The upgrade reflects Fitch’s expectations that Alrosa will maintain funds from operations…Details
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The Russian Agency for Export Credit and Investment Insurance (EXIAR), a part of the Russian Export Center Group, provided over $8 billion in support to exporters in 2016, including $600 million to exporters to Belarus, head of EXIAR Office in Belarus Viktor Doronkevich said in a meeting with the delegates of Tomsk region and Russia’s…Details
Enefit Energy, subsidiary of Enefit, signed a contract with Amec Foster Wheeler to modify a Circulating Fluidized bed boiler so as to increase its capabilities to utilize retort gas for the generation of electricity and to reduce the environmental impacts of power production. “When oil is produced from oil shale, high-calorific gas is also generated,…Details
DTEK energy holding since early October has increased coal stocks at warehouses of thermal power plants (TPPs) by 173,000 tons, to 792,000 tons, DTEK Energo Generation Director Serhiy Kurylenko reported. Kurylenko said that at present DTEK’s TPPs burned 50,000 tons of coal a day on average. Around 65,000 tons of coal arrive every day to…Details
The owner and president of DCH Group Oleksandr Yaroslavsky, who holds a controlling stake in Kharkiv Tractor Plant, intends to buy 29% of shares in the plant belonging to Austrian investor Siegfried Wolf, DCH has said in a press release. “DCH Group of Oleksandr Yaroslavsky officially informs about the start of the process to acquire…Details
China plans to offer its direct investment for the construction of commercial dairy farms in Vitebsk region, Vitebsk region governor Nikolai Sherstnev reported after the ceremony to inaugurate the new meat-processing workshop at Glubokoye Meat Packing Plant. “We have agreed on the implementation of one big project. China plans to build two commercial dairy farms…Details
Privatization of a 19.5% stake in Russian oil major Rosneft is very likely to happen in 2016, Rosneft CEO Igor Sechin reported. “This is a liquid asset, and demand on the market is high, I am sure that we will do it”, he said. “Speaking of the possible purchase of Rosneft’s shares and of Rosneft’s…Details