Russia’s consolidated budget deficit increased by 6.1% to 904.046 billion rubles in January-August. Budget revenues stood at 17.198 trillion rubles as of September 1, and spending amounted to 18.102 trillion rubles. Russia’s federal budget deficit stood at 1.445 trillion rubles in the period, with revenue of 8.144 trillion rubles and spending of 9.589 trillion rubles.…Details
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The Russian Direct Investment Fund (RDIF) and its partners have refrained from participation in privatization of a 50.08% stake in oil company Bashneft as the price is too high, RDIF CEO Kirill Dmitriev reported. Earlier the government allowed state-owned oil major Rosneft to buy the stake for no more than 330 billion rubles by October…Details
Russian state-owned oil major Rosneft may buy 19.5% in itself during privatization, Vice President Mikhail Leontyev said. “The corporation is seriously studying the possibility of buying its shares from the owner, I mean the government”, he said. The practice of buying own shares is wide-spread. “This is some kind of paranoia which is taking place…Details
Russian diamond mining giant Alrosa sold $435.1 million worth of diamonds and $18.9 million of cut diamonds in September, the company said in a statement. “September saw good demand in almost all categories of raw diamonds in accordance with our expectations. Sales exceeded the figures of September 2015 significantly”, Vice President Yury Okoyomov said. In…Details
Russia’s government commission has put off the launch of a Soyuz-FG flight vehicle with the Soyuz MS-02 spacecraft to October 19, the press service of the Russian state space corporation Roscosmos said. “After a scrutiny of materials on troubleshooting and removal of equipment malfunctions aboard the Soyuz MS-02 ship, the government commission decided to appoint…Details
In the first half of 2016, the enterprises of Russia’s Federal Space Agency (Roscosmos) earned a profit of 6.5 billion rubles, Igor Komarov, the head of Roscosmos, said. “Our companies have reported a profit of 6.5 billion rubles in the first six months of the year and are on schedule under the Federal Space Program.…Details
Poland’s rail operator PKP LHS has become a member of the Coordination Committee of the Trans-Caspian International Transport Route (TCITR), Azerbaijan Caspian Shipping CJSC reported. Another meeting of the Coordination Committee was held in Astana. “The creation of a union of legal entities of the Coordination Committee, the signing of the agreement on the establishment…Details