Enefit Energiatootmine AS (fully owned subsidiary of Eesti Energia Group) has reached a settlement with GE (including Alstom Estonia AS, GE Power Sp.z o.o and Alstom Power Systems) regarding the new Auvere power plant. The plant was due to be handed over to Eesti Energia by GE in November 2015 but acceptance has been delayed…Details
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Projects in the pharmaceutical sector, the sphere of agriculture technologies and high-technology industry may accelerate cooperation between Russia and Israel and stimulate growth of mutual trade, Prime Minister Dmitry Medvedev said. At present, trade between the countries amounts to $2 billion, he said, adding that the figure had fallen by around 30% due to the…Details
In 2016 Belarus demonstrated the lowest index of rapeseed production during 8 recent years. But since the beginning of the current season, the oilseed import volumes were estimated as quite moderate, due to the higher offer prices of imported rapeseed in comparison with the Belarusian oilseed, as well as price environment of the rapeseed oil…Details
The Ukrainian government has issued fines totaling 721.236 million UAH ($28.25 million) to Russian airlines carrying out commercial services to Simferopol. Ukraine has refused to recognize Russian jurisdiction over the Crimea following the latter’s unilateral annexation of the province in 2014. As such, Ukraine has issued over 5,000 fines to Russian airlines for serving Simferopol,…Details
In 2016/2017 season export potential of the Black Sea region is estimated to overcome 105 MMT. Black Sea countries steadily take new positions in the global grain production and trade, overtaking traditional top exporters, such as USA and EU. Despite growing global consumption, grain stocks set new records, intensifying competition for the buyers. The era…Details
The Cabinet of Ministers has approved of the terms of attracting credits by business entities that are residents of Ukraine within the program to improve the country’s defense capability and security under state guarantees for a period of not less than 3 years and under not more than 19% per annum. According to cabinet resolution…Details
China is interested in placing its production at Ukrainian industrial parks and has already provided the Ukrainian side with the corresponding plan of cooperation, Vice President of the China International Chamber of Commerce Lu Jianzhong has said. “We see that the investment climate in Ukraine, as well as relations between Ukraine and China are improving.…Details