In 2016/2017 MY, Russia will supply nearly 40 million tons of grains on foreign markets, the head of the department of agribusiness market regulation at the Ministry of Agriculture Vladimir Volik reported. In particular, the forecast of wheat exports from Russia in 2016/2017 MY totals 26-30 million tons, against 24.6 million tons last season. At…Details
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Russia’s oil company Gazprom Neft has 130,000 tons of crude oil processed on the give-and-take basis at Mozyr NPZ oil refinery in H1 2016, down by 35% YoY. Gazprom Neft has been supplying crude to Mozyr NPZ in accordance with the export schedule. The oil is shipped to Mozyr NPZ and the latter produces oil…Details
The Economic Court of Brest Region has started bankruptcy proceedings regarding Brest Household Chemicals Plant, the Finance Ministry of Belarus said in a release. The country’s largest manufacturer of household detergents, perfumery and cosmetics, Brest Household Chemicals Plant earned a net loss of Br406.9 million ($209.958 million) in Q1 2016. (Prime-TASS/Business World Magazine)Details
Belarus’ proceeds from oil product exports dropped by 35.3% YoY in January-June to $2.457 billion, a government source reported. In physical terms, Belarus’ oil product exports decreased by 1.5% YoY, to 8.869 million tons. The decline in proceeds from oil product exports results in the first place from the plunge in global prices of oil…Details
Belarus’ proceeds from exports of petroleum products to Latvia grew by 55% YoY in January-June to $57 million, a source in the profile ministry reported. Belarus exported 154,235 tons of petroleum products in January-June to Latvia, up by 85% YoY. (Prime-TASS/Business World Magazine)Details
Summarizing the results of soil moisture content analysis held in mid-August, soil moisture stocks are good at major part of cornfields. Due to rains in the first ten days of August, waterlogging remains a problem in some areas of Vitebsk and in the west of Minsk region where precipitation was often seen. At the same…Details
Auchan Retail Russia, a local unit of French retailer Auchan, plans to open up to 20 Lillapois Beauty cosmetics stores per year with annual investments amounting to about 400 million rubles, Eric Didierdefresse, the project’s head, said. The first Lillapois Beauty store opened in Moscow on August 19, and two more shops will be open…Details