Belarus: transit truck haulage down in H1 2016

Transit truck haulage across the territory of Belarus reduced by 0.8% YoY in H1 to 414,142 trips, the Belarusian Association of International Trucking Companies (BAMAP) reported. Belarusian trucking companies accounted for 15% of transit truck haulage in H1 2016, Russian truckers – 58.3%, Polish truckers – 18.3%, Lithuanian truckers – 8.3%. Transit truck haulage across…


Belarus: SvetlogorskKhimvolokno net profit up in H1 2016

The net profit of OAO SvetlogorskKhimvolokno (Svetlogorsk Chemical Fiber Plant) totaled Br22,000 in H1 2016, which makes an equivalent of $11,418, up by 10% YoY, according to the quarterly report released by the Finance Ministry’s Securities Department. SvetlogorskKhimvolokno’s revenues reached Br106.58 million in H1 2016 ($55.314 million), up by 18.5% YoY. The company’s only shareholder…


Russia to privatize 8% more in ALROSA in 2017

The Russian Economic Development Ministry will suggest the government privatize another 8% in uncut diamond mining giant ALROSA in 2017, Minister Alexei Ulyukayev reported. In July, the government sold 10.9% in state-run ALROSA to private investors for 52.181 billion rubles on the Moscow Exchange. “We’ve put forward this option. We will continue to suggest it…


Russia: Lukoil official sees $80 oil price optimal

An $80 per barrel oil price would be the market’s “golden mean,” Vice President of Russian oil producer Lukoil Leonid Fedun reported.

“The price which the market needs now in order for us to satisfy global demand until 2030 is $80 per barrel, according to our estimates”, Fedun said. (Prime/Business World Magazine)

Ukraine: Germany provides EUR 150 million for substation modernization in Donbas

Germany’s credit institution KfW is providing a EUR 150 million loan for implementation of a project to reconstruct substations in eastern Ukraine. The individual loan agreement between Ukraine’s Cabinet of Ministers and KfW was signed at the ninth meeting of the Ukraine-Germany high-level group on economic cooperation. Eva Witt, KfW Director for Eastern Europe, Caucasus…