Ukraine’s real gross domestic product (GDP) in the second quarter of 2016 increased by 1.4% YoY. This information has been posted on the website of the National Bank of Ukraine (NBU) with a reference to the State Statistics Service. “The Ukrainian economic growth has been accelerated. In the second quarter of 2016, the real GDP…Details
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Russian national flag carrier Aeroflot may sell its largest affiliate Rossiya Airlines. Aeroflot owns 75% minus one share in the affiliate, while the rest is owned by the government of St. Petersburg. Deputy Prime Minister Arkady Dvorkovich ordered the Transport Ministry to prepare suggestions for the possibility of Aeroflot selling Rossiya Airlines. The Economic Development…Details
The Russian communications service has suggested implementing special software for subscriber devices to identify users of Wi-Fi networks of Internet access and insists on administrative responsibility for individuals-owners of such networks. The Federal Service for Supervision of Communications, Information Technology, and Mass Media checked more than 18,000 public hotspots across the country and found out…Details
Russian Railways has proposed raising its transportation tariff for all types of cargo by 6.8% in 2017 or to differentiate between tariff increases depending on types of cargo. The company’s differentiated tariff proposal envisages a 8.2% rise for first-class cargoes, excluding coal and ore, and for mineral fertilizers; a 6.8% rise for coal, ore and…Details
The second stage of Russia’s bond issuance has been planned and is not replacing privatization, Economic Development Minister Aleksey Ulyukayev said. “Those are absolutely different tracks, we’ve always said that the second stage of bond issuance means exhaustion of the $3 billion quota”, he said, adding that “it does not replace the decision on privatization…Details
Barley harvesting in Russia entered the final straight. More than 18.2 MMT of barley were collected from about 93% of acreage, which already exceeds last year’s harvest. This year Russia will obtain 9% more barley than a year before. Undoubtedly, export potential will also grow in the 2016/2017 season. Experts believe that it may surpass…Details
Last week slight increase in average new crop sunflower seed prices was observed in Russian Federation due to limited supply. Harvesting has already started and farmers work mostly “for stocks”. The price fluctuated in the range of RUB 21500-24000/MT including VAT with delivery to the plant depending on the region. Major market participants were ready…Details