Ukraine: Ukroboronprom creating UKRARPA defense innovation development platform

Ukroboronprom State Concern initiates the creation of the UKRARPA defense innovation development platform. The initiative to create the platform meeting modern trends of global defense industry was announced by Ukroboronprom head Roman Romanov at the 13th Arms and Security 2016 in Kyiv. “The form of UKRARPA has been selected. It would unite designers, start-ups, investment…


Lithuania: LNG terminal is a success story

Dominique Ristori, Director-General of the Directorate-General for Energy within the European Commission, visited a Klaipeda-based liquefied natural gas (LNG) terminal controlled by AB Klaipedos Nafta. Ristori praised an alternative gas supply model chosen by Lithuania, Klaipedos Nafta says in a press release. During a two-day visit to Lithuania, Ristori was interested in the targets of…


Ukraine: forecast of soybean production in 2016/2017 MY up

In September analysts of APK-Inform Agency increased their forecast of soybean yield in Ukraine in the current year to 2.18 ton/ha (in clean weight).

The previous forecast stood at 1.93 ton/ha. (APK-Inform/Business World Magazine)

Turkey to boost trade with Russia

Turkey and Russia plan to boost their trade to $100 billion a year, Turkey’s Minister of Economy Nihat Zeybekci said. “Our goal is to bring bilateral trade up to $100 billion a year. We can reach it in several years”, he explained. According to the minister, issues of trade and economic relations between the two…


Ukraine: e-commerce market valued at $2 billion

During the “ICT Global Leadership Forum” in Seoul, the capital of South Korea, Ukrainian Education and Science Minister Liliya Hrynevych made a presentation called “ICT and education in Ukraine” and described the development of information and communication technologies and how they would be applied to reforms in the secondary education in Ukraine. “The ICT field…


Belarus: Belenergo and Siemens sign strategic partnership agreement

The Belarusian national electrical company Belenergo and Siemens Company signed an agreement on strategic partnership and cooperation during the Belarusian Energy and Ecology Forum in Minsk on October 11. The document was signed by OOO Siemens Technologies Director General Maxim Zubov and Belenergo First Deputy Director General, Chief Engineer Alexander Sivak. Belenergo and Siemens intend…


Belarus: Gomselmash starts testing agricultural machines in Pakistan

The Belarusian mechanical engineering company Gomselmash has started testing its agricultural machines in Pakistan, Yuri Rafeyev, Director of Gomselmash’s Non-CIS Sales Department, reported. According to the source, Gomselmash is testing forage harvesters, which have already been shipped to Pakistan. Those are three mounted rotary mower conditioners Palesse SN15 and a trailed mower conditioner Palesse ST42.…


Belarus makes $32 million deal with Pakistan to supply 3,500 tractors in 2017

Belarus has signed a contract with Pakistan to supply 3,500 tractors worth more than $32 million in 2017, Minsk Tractor Plant (MTZ) said in a message posted on the manufacturer’s web site.

MTZ hopes to sell at least 5,000 Belarus tractors in Pakistan annually. (Prime-TASS/Business World Magazine)