Internal risks are the key for the Russian economy, but foreign risks exist as well, the Central Bank’s Chairwoman Elvira Nabiullina said. “Internal risks for the Russian economy are still the key, I believe. Nevertheless, foreign risks exist as well, and Anton Siluanov has already defined them as “uncertainty”. Uncertainty in dynamics of global growth…
DetailsBelarus has announced an open tender to identify importers of alcoholic beverages in 2017, the commission responsible for holding the tender said in a statement. Importers are invited to present their bids to the Trade Ministry by October 24. They are expected to provide lists of beverages they wish to import, as well as information…
DetailsThe Belarus-China car assembly company BelGee JV (based in Borisov, Minsk region) plans to launch its own car factory in the first half of 2017, Belarusian First Deputy Industry Minister Gennady Svidersky reported. The construction of a factory by the Belarusian-Chinese car assembly company BelGee is in the final stage, the new premises are ready,…
DetailsBelarus’ chemical company OAO Grodno Azot says its nitrogen fertilizer exports reduced by 22.8% YoY in January-July to 151,300 tons (in terms of 100% nitrogen), a source in the profile ministry reported. In money terms exports shrank by 42.3% YoY to $69.507 million. The experts attribute shrinking proceeds to the decline in fertilizer prices. Grodno…
DetailsBelarus’ proceeds from exports of domestic crude oil reduced by 32.3% YoY in January-July to $253.704 million, Belarus’ National Statistical Committee (Belstat) said in an official report. In January-July Belarus exported 945,900 tons of crude oil, up by 0.7% YoY. Belarus’ sole authority on oil exports is a state-controlled monopoly officially designated as Belorusneft. Germany…
DetailsBelarus’ sugar export proceeds reduced by 14.2% YoY in January-July to $117.422 million, Belarus’ National Statistical Committee (Belstat) said in a report. Belarus exported 222,200 tons of sugar in January-July 2016, down by 5.2% YoY. Russia was a major destination for Belarus’ sugar exports – 184,500 tons (unchanged year on year) worth $98.711 million (down…
DetailsAzerbaijani company AZDynamics will introduce the first hybrid engine unmanned aerial vehicle (UAV) with increased duration of autonomous flight. The hybrid drone will sport an internal combustion engine along with rechargeable batteries and an electric motor, making it possible to increase the duration of autonomous flight from 25 minutes to two hours. The drone will…
DetailsConstant increasing of the global production and stocks of grains is one of the major factors forming the situation on the raw materials market of grains in Ukraine in 2016/2017 MY, the grain market analyst at APK-Inform Agency Andrei Kupchenko declared. According to USDA estimations, in the current season the global grain production will reach…
DetailsARVIBelAgro LTD joint venture (Lida, Grodno region) plans to launch a turkey meat facility in November, a company official reported. By November the company plans to have commissioned 15 poultry houses and launched a slaughterhouse. German-made and Polish-made equipment is now being installed at the slaughterhouse, the official informed. At the moment, the investment value…
DetailsThe Ministry of Agrarian Policy and Food of Ukraine supports cancellation of price controls for food products, including grain by-products, the Director of the food products department at the Ministry of Agrarian Policy and Food Mykola Moroz declared. According to him, the Ministry provides the reporting cancellation of price regulation as an experiment. If in…
DetailsAs of September 1, agricultural enterprises (excluding small-scale ones) and grain storage and processing enterprises of Ukraine, stocked 24.439 million tons of grains and sunflower seed, down by 2.7 million tons compared with the same date in 2015, the State Statistics Service of Ukraine declared. In particular, the carry-over stocks of wheat reached 17.703 million…
DetailsUkraine’s real gross domestic product (GDP) in the second quarter of 2016 increased by 1.4% YoY. This information has been posted on the website of the National Bank of Ukraine (NBU) with a reference to the State Statistics Service. “The Ukrainian economic growth has been accelerated. In the second quarter of 2016, the real GDP…
DetailsRussian national flag carrier Aeroflot may sell its largest affiliate Rossiya Airlines. Aeroflot owns 75% minus one share in the affiliate, while the rest is owned by the government of St. Petersburg. Deputy Prime Minister Arkady Dvorkovich ordered the Transport Ministry to prepare suggestions for the possibility of Aeroflot selling Rossiya Airlines. The Economic Development…
DetailsThe Russian communications service has suggested implementing special software for subscriber devices to identify users of Wi-Fi networks of Internet access and insists on administrative responsibility for individuals-owners of such networks. The Federal Service for Supervision of Communications, Information Technology, and Mass Media checked more than 18,000 public hotspots across the country and found out…
DetailsRussian Railways has proposed raising its transportation tariff for all types of cargo by 6.8% in 2017 or to differentiate between tariff increases depending on types of cargo. The company’s differentiated tariff proposal envisages a 8.2% rise for first-class cargoes, excluding coal and ore, and for mineral fertilizers; a 6.8% rise for coal, ore and…
DetailsThe second stage of Russia’s bond issuance has been planned and is not replacing privatization, Economic Development Minister Aleksey Ulyukayev said. “Those are absolutely different tracks, we’ve always said that the second stage of bond issuance means exhaustion of the $3 billion quota”, he said, adding that “it does not replace the decision on privatization…
DetailsBarley harvesting in Russia entered the final straight. More than 18.2 MMT of barley were collected from about 93% of acreage, which already exceeds last year’s harvest. This year Russia will obtain 9% more barley than a year before. Undoubtedly, export potential will also grow in the 2016/2017 season. Experts believe that it may surpass…
DetailsLast week slight increase in average new crop sunflower seed prices was observed in Russian Federation due to limited supply. Harvesting has already started and farmers work mostly “for stocks”. The price fluctuated in the range of RUB 21500-24000/MT including VAT with delivery to the plant depending on the region. Major market participants were ready…
DetailsRussian national flag carrier Aeroflot is not considering the possibility of selling its stake in affiliate Rossiya Airlines, a representative of Aeroflot reported. Earlier mass media reported citing three federal officials that Deputy Prime Minister Arkady Dvorkovich had ordered the Transport Ministry to prepare suggestions for a sale of Rossiya Airlines by Aeroflot. “The issue…
DetailsNibulon’s transshipment terminal in Kherson region has officially handled 1 million tons of grain and oilseeds. The terminal began operation in 2012. In its four years of operation the terminal has received, processed and shipped 481,000 tons of wheat, 244,100 tons of barley, 139,700 tons of corn, 91,200 tons of rapeseed and 57,000 tons of…
DetailsOn September 12-18, hot weather retained all over Moldova with lack of rains. Average air temperatures during the week reached +19-22.4 C, which was higher than the norm by 5-6 C. Maximum air temperature increased to +34 C, which was observed once in 20 years. At 80% of the territory total sum of precipitations was…
DetailsThe passenger traffic at Minsk Airport grew by 10.7% YoY in August to 422,600 people, the airport authorities said in a release. In August Minsk Airport provided service support to 2,270 flights. All in all, in January-August the passenger traffic at Minsk Airport totaled 2.254 million (+19.7%), with service support provided to 15,043 flights (+15.8%).…
DetailsIn August Ukraine imported 16 KMT of palm oil against 12.3 KMT in July 2016 and 12.8 KMT in August 2015. Total volume imported in 2015/2016 (September-August) was 24% higher than over the last season. Thus, total imports equaled 181.2 KMT against 145.7 KMT in 2015/2016. Malaysia and Indonesia traditionally remained the main suppliers of…
DetailsThe Belarusian confectionery factory Kommunarka pays increasing attention to the Chinese market, Kommunarka Director General Ivan Danchenko said. Ivan Danchenko said that Belarusian confectionery products were underrepresented in China. This country accounts for a small share of Kommunarka’s exports. However, in recent years, the company has been paying increasing attention to this market. To attract…
DetailsAccording to regional agricultural departments, as of September 21, Kazakh agrarians harvested grains throughout 11.357 million ha, or 73.9% of the planned areas, the Ministry of Agriculture of the Republic of Kazakhstan declared. As of the reporting date, agrarians produced 16.974 million tons of grains, up by 6.7 million tons YoY. The average yield totaled…
DetailsKazakh Deputy Prime Minister and Agriculture Minister Askar Myrzakhmetov banned sturgeon fishing in all the regions of the country, Agriculture Ministry said. This measure is aimed at combating the illegal fish trade. In order to combat the illegal fish trade, the Ministry of Agriculture plans to introduce a new automated information system, which will monitor…
DetailsAccording to official data, as of September 19, grain crops had been threshed from 10526.3 thousand ha, which was 68.5% of the plan. 15719.3 KMT was harvested with the average yield of 1.49 MT/ha. On the same date of 2015, 9546.4 KMT of grain had been harvested from 8279.5 thousand ha with the average yield…
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