Ukraine: long awaited rains arrive

After long term September drought rains were observed throughout the whole territory of Ukraine last week. Thus, heavy rains were seen in Lvov region (Western Ukraine) – on October 4, daily precipitation totaled 54.3 mm –a lmost a monthly norm (95%). In Kharkov region 10 days precipitation amount varied within 5-12 mm, or 38-92% of…


Kazakhstan: Ak Biday Terminal doubles grain shipments in January-September 2016

In January-September the grain terminal JSC Ak Biday Terminal, the subsidiary company of National Company Food Contract Corporation JSC, exported nearly 402.1 thousand tons of grains through its grain terminal in the Aktau port, the press-service of Food Contract Corporation declared. According to the announcement, in the same period of 2015 the shipped volumes totaled…


Ukraine: investment interest constrained by unfavorable business climate

Investment interest in Ukraine is restrained by the unfavorable business environment in the country, according to participants of the Kyiv International Economic Forum. According to Ambassador of Canada to Ukraine Roman Waschuk, Canadian investors are interested in entering or expanding activities in Ukraine. At the same time, they are interested in certain guarantees of investment…


Russia: grain export supplies from the seaports down in early October 2016

On October 3-9, export volumes of grains from the Russian seaports reached 325.8 thousand tons against 425.8 thousand tons shipped on the previous week.

In particular, wheat shipments totaled 238.3 thousand tons, barley – 14.2 thousand tons, corn – 70.4 thousand tons, and peas – 3 thousand tons. (APK-Inform/Business World Magazine)

Ukraine: trade turnover with Russia not to exceed 5%

Ukrainian Foreign Minister Pavlo Klimkin says that trade turnover between Ukraine and Russia will not exceed 4-5%.

“We cannot retain previous economic ties with Russia. We will never return to a large volume of trade turnover with Russia. Earlier, the trade turnover reached 37%. Now it can total 4-5%”, Klimkin said. (Ukrinform/Business World Magazine)

Russia: 12.1 million tons of grains exported

According to territorial directorates of the Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor), in July-September the exports of grain crops and its by-products from Russia totaled 12.5 million tons, the press-service declared. The exports of the reporting products, not including cargo movements to the territory of the Customs Union, totaled 12.1 million tons, down…


Turkmenistan to open railway to Afghanistan in November 2016

Turkmenistan’s President Gurbanguly Berdimuhamedov held a meeting dedicated to the upcoming commissioning of the first phase of the transnational railway trunk: Asia international railway transportation corridor, the Turkmen government said in a message. This is the construction of the Atamyrat-Imamnazar (Turkmenistan) – Akina (Afghanistan) section. The completion of the construction and installation work is scheduled…


Turkey to further support Trans-Caspian route

Turkey will continue its support for the Trans-Caspian International Transport Route in order to keep it preferable for carriers, Ahmet Arslan, Turkey’s minister of transport, maritime affairs and communications, said. Arslan noted that transportation to the Central Asian countries through Azerbaijan grew substantially in 2015 as compared to previous years. About 8,000 trucks were sent…


Russia: Novatek gas output down in January-September 2016

Russian independent gas producer Novatek decreased its gas production by 0.3% YoY to 49.95 billion cubic meters in January-September, the company said in a statement.

The output of liquid hydrocarbons rose by 43.6% to 9.387 million tons. (Prime/Business World Magazine)

Russia: UEC delivers over 100 RD-33MK aircraft engines to India’s navy

More than 100 Russian-made RD-33MK turbojet engines have been delivered to India’s Navy, the press office of Russia’s United Engine Corporation (UEC) said. The engines were manufactured by the Chernyshev Machine-Building Enterprise, a subsidiary of the United Engine Corporation within Russia’s state hi-tech corporation Rostec. “The engines were delivered under a contract signed between Russia’s…


Russia: Rosneft to buy 19.5% in itself

Russian state-owned oil major Rosneft may buy 19.5% in itself during privatization, Vice President Mikhail Leontyev said. “The corporation is seriously studying the possibility of buying its shares from the owner, I mean the government”, he said. The practice of buying own shares is wide-spread. “This is some kind of paranoia which is taking place…