Russia: GDP to go down in 2016

Russia’s gross domestic product (GDP) may fall by 0.6% this year but go up by 0.5-0.8% next year meaning that recession will be over soon, Alexei Kudrin, a former finance minister and the current head of the Center for Strategic Research, said. The Economic Development Ministry expects the economy to contract 0.6% in 2016 and…


Ukraine: in 2016/2017 peas exports to reach record levels

Due to significant increasing of peas production in Ukraine in the current season, the exports of peas in 2016/2017 MY will reach the record level – 450 thousand tons.

That is almost twice as much as last year. (APK-Inform/Business World Magazine)

Ukraine: DTEK Energy to transfer Rostov mines with $436 million debt to head structure

DTEK Energy Operating Company in the framework of restructuring its loan portfolio will transfer Obukhovskaya mine directorate (the Russian Federation) together with borrowings of $436 million to DTEK strategic holding for direct control. According to the press service of the holding, this will allow to reduce the loan portfolio of DTEK Energy that will improve…


Ukraine: wheat prices strengthen

The downward trend in Ukrainian export market changed to some price growth. Last week wheat export prices strengthened. The prices for 2nd grade wheat (12.5% protein) grew by $1 to $168-170/MT FOB, while 3rd grade wheat prices (11.5% protein) reached $161-164/MT FOB for October delivery. Some recovery of importers’ demand for October-November was observed on…


Ukraine: the Dnieper to be developed with the Netherlands

Ukraine and Netherlands agreed to strengthen cooperation in the sphere of internal waterways development and port infrastructure. According to the results of meetings with Ministry representatives and Ambassador of Netherlands in Ukraine, agreements were reached concerning the visits of responsible Ukrainian ministry representatives to the Netherlands so as to gain experience in internal waterways management.…


Ukraine: seaports grain exports up in late September 2016

On September 26 – October 2, Ukraine exported 1.02 million tons of grains from the seaports, against 648.4 thousand tons on the previous week.

In particular, wheat shipments reached 804 thousand tons, barley – 153.8 thousand tons, and corn – 65.7 thousand tons. (APK-Inform/Business World Magazine)

Russia: suggestions for Rossiya Airlines sale to be prepared by October 10, 2016

Russia’s Transport Ministry will prepare proposals to sale national flag carrier Aeroflot’s 75% minus one share stake in Rossiya Airlines by October 10, minister Maxim Sokolov announced.

“I think that the deadline for that is set for October 10, in accordance with the government ruling”, Sokolov said. (Prime/Business World Magazine)