In 2016, the general grain harvest in Ukraine will reach 62.3 million tons, up by 2 million tons YoY, the Minister of Agrarian Policy and Food of Ukraine Taras Kutovyi declared. But some industrial associations estimate the grain production at a much higher level, he added. Previously the Ministry of Agrarian Policy forecast grain harvest…Details
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In January-August Ukraine imported $902.221 million worth of coal and anthracite, in particular $104.331 million in August. According to the State Fiscal Service, Russia supplied coal for $594.937 million, the United States for $132.658 million, Australia for $49.461 million, other countries for $125.165 million. The total volume of coal delivered to the country for the…Details
The combined net profit of Russian banks amounted to 537 billion rubles in January-August and it is expected to exceed 700 billion rubles overall in 2016, Deputy Central Bank Chairman Mikhail Sukhov said. He said that the January-August net profit exceeded the central bank’s earlier forecast, which stood at 500 billion rubles. Retail lending declined…Details
Azerbaijani state oil company SOCAR expects compromise proposals from the Greek government for the successful completion of the deal on acquisition of a stake in Greece’s gas transmission system operator DESFA, Director General of SOCAR Energy Greece Anar Mammadov reported. He said that the new rules for calculating tariffs for gas in Greece would have…Details
Azerbaijan’s state oil company SOCAR has suspended the project for construction of a cogeneration plant – Petkojen – in Turkey due to technical reasons, Anar Mammadov, head of Turkish petrochemical complex Petkim, reported. The plant was meant to provide Petkim and Star refinery with electricity as well as ensure the sale of electricity to Izmir’s…Details
The total turnover of exchange transactions on all instruments at the Baku Stock Exchange exceeded 2.94 billion manat in January-August, down 2.5 times YoY. The volume of the state securities market totaled 350.6 million manat (up 18.3 times), while the turnover of corporate securities market reached 75.21 million manat (down 22.2 times). The volume of…Details
Stena Line opens a new Bordershop in Ventspils. It is another step in Stena Line strategy to offer its customers value for money products. Bordershops, selling cheap alcohol products, is a very attractive concept for Swedish travelers and the aim is to increase the interest for them to visit Latvia. “Ventspils-Nynashamn is an important route…Details