Privatization of a 19.5% stake in Russian oil major Rosneft is very likely to happen in 2016, Rosneft CEO Igor Sechin reported. “This is a liquid asset, and demand on the market is high, I am sure that we will do it”, he said. “Speaking of the possible purchase of Rosneft’s shares and of Rosneft’s…
DetailsThe Belarusian Industry Ministry and the Chinese company Zoomlion intend to implement a number of joint projects in the area of mechanical engineering. Belarusian Industry Minister Vitaly Vovk made the statement at a press conference on October 12, as he commented on results of the recent visit of the Belarusian delegation led by the Belarus…
DetailsBelarus hopes that the European Union will lift its textile import restrictions, Belarusian First Deputy Minister of Foreign Affairs Andrei Yevdochenko reported. “The European Union introduced quotas on Belarusian textiles some time ago. Today we are working with our EU partners to lift these non-tariff restrictions. We are close to success, and we hope that…
DetailsAs of October 13, agricultural organizations in Belarus continued harvesting corn for grain and sugar beet, the Ministry of Agriculture and Food declared. In particular, agrarians harvested 377.6 thousand tons of corn throughout the areas of 47.3 thousand ha (26.7%), with the average yield of 7.99 ton/ha. Last year the grain production volumes totaled 174.4…
DetailsBelarus has chosen 22 suitable locations, where up to 2,000 wind power stations can be installed. First Deputy Minister for Natural Resources and Environment Protection Iya Malkina made a statement to this effect at the 21st Belarusian Energy and Ecology Congress. With 2,000 wind power stations made operational, Belarus could save up to 1 million…
DetailsBelarus’ chemical company OAO Grodno Azot manufactured Br961.8 million worth of chemical products ($502.785 million) in January-September, down by 0.7% YoY, the company said in an official report. OAO Grodno Azot’s nitrogen fertilizer output stood at 593,633 tons (in terms of 100% nitrogen) in January-September, down by 4.6% YoY; carbamide output decreased by 5.2% to…
DetailsBelarus’ Industry Ministry and China’s Weichai Power Co. Ltd have signed a memorandum, which says that the parties plan to set up a joint venture to produce up to 20,000 diesel engines a year. The project is supposed to have two stages, Belarus’ Industry Minister Vitaly Vovk reported. In 2016-2018 the parties will set up…
DetailsInvestors who put their funds in Azerbaijan in accordance with the Build-Operate-Transfer (BOT) model have been exempt from the state duties. The corresponding amendments to the law “On state duty” were approved by Azerbaijani MPs at the plenary session of the country’s parliament October 14. In accordance with the BOT model provided by the law…
DetailsAzerbaijan and Iran intend to cooperate in protection and quarantine of plants. An agreement on this was recommended at a meeting of Azerbaijani Parliament’s Agrarian Policy Committee on October 14. Eldar Ibrahimov, chairman of the committee, said that given Azerbaijan’s neighborhood with Iran, it was very important to establish control over the import of vegetables…
DetailsRussia’s Federal Antimonopoly Service has permitted mobile operator MegaFon to buy 100% in Moscow-based firm Kombell, which deals with connection, telecom equipment and telephony, the authority said in a statement. “We study closely all the proposals we receive on mergers and acquisitions. Prior to making a decision, we scrutinize the subject of the deal, and…
DetailsThe Belarusian mechanical engineering company Amkodor has plans to launch three large contracts with the Chinese corporations CITIC Group and Sinomach by the end of 2016, Igor Kayuda, Director for Innovations and Investment Projects at Amkodor, said. “We hope to start working on the implementation of the contracts in late December”, Igor Kayuda said. He…
DetailsIn January-September the production volumes of agricultural commodities in Ukraine increased by 0.9% YoY at the expense of rising production volumes of plant growing commodities, the State Statistics Service of Ukraine announced. In particular, the production of plant growing products grew by 2.4%, while livestock products was down by 2.6%. According to the statistics data,…
DetailsUkroboronprom 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…
DetailsRussia’s Rosatom is looking to get involved in the U.K. nuclear industry, spurred by Prime Minister Theresa May’s decision to approve a deal with China to build Britain’s first atomic plant in 20 years, Bloomberg reported. The state-owned nuclear company’s participation in future projects depends on how willing the U.K. is to financially support other…
DetailsDominique 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…
DetailsSlovakia’s Grand Power S.R.O. and Ukroboronprom State Concern will start cooperating in small arms production. The agreement of cooperation was signed by the Slovakian company and Ukroboronservice, part of Ukroboronprom, on Tuesday in Kyiv at the 13th Arms and Security Exhibition. The concern said that under the agreement the sides would jointly work on new…
DetailsPublic joint-stock company Ukrnafta has switched to crude oil refining on a tolling basis for the entire volume of oil produced by the company at Kremenchuk oil refinery, Ukrnafta head Mark Rollins reported. “Since May, we have been buying our own crude oil at auctions via an intermediary. We would like to do this directly,…
DetailsPublic joint-stock company Ukrnafta intends to create its own company to trade with gas and try to import gas from Europe, Ukrnafta head Mark Rollins reported. “We plan to create a trading company, first to trade with own resources, but we will also make experiments and buy some volumes of gas in Europe”, he said.…
DetailsAs of October 11, Ukrainian agrarians harvested 46.668 million tons of grains throughout the areas of 11.403 million ha, or 80% of the plan. The average yield totaled 4.09 ton/ha, the Ministry of Agrarian Policy and Food of Ukraine reported. At the same time, on the same date last year production volumes reached 47.2 million…
DetailsUkraine’s State Property Fund (SPF) announced open auctions to sell property of Kostiantynivska and Myheiska hydroelectric powers plants (HPPs) located on the Southern Bug River. The starting price of the plants is 13.761 million UAH and 10.863 million UAH respectively. The auction to sell Kostiantynivska HPP (Mykolaiv region) will be held on November 22, and…
DetailsAs of October 10, winter crops had been sown at 4723 thousand ha, which was 64% of the forecasted area – 7374 thousand ha. This included 4313 thousand ha of winter wheat and triticale (70% from the planned 6198 thousand ha), 132 thousand ha of rye (90% of 147 thousand ha), 278 thousand ha of…
DetailsUkrainian farmers continue to harvest sunflower. As of October 10, 4457.9 thousand ha had been threshed or 75% of the plan (5916.2 thousand ha), down by 1.7% YoY (4537 thousand ha). 9718.5 KMT had been obtained with the average productivity of 2.18 MT/ha. Last year on the same date 9624 KMT had been gathered with…
DetailsIn 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)
In January-September the Ukrainian seaports processed 27.405 million tons of grain cargoes (including 26.794 million tons of grains), up by 5.6% YoY. In particular, the grain exports totaled 26.693 million tons (up by 5.1%), the State Enterprise Ukrainian Sea Ports Authority declared. In the reporting period, state stevedoring companies processed 2.05 million tons of grains…
DetailsIn January-September Ukrainian seaports processed 3.212 million tons of bulk vegetable oils, up by 18.5% YoY. The export volumes totaled 2.968 million tons of veg oils (up by 18.3%), the State Enterprise Ukrainian Sea Ports Authority informed. In particular, state stevedoring companies processed 96.64 thousand tons of vegetable oils at the berths of Ukrainian Sea…
DetailsZarubezhneft held a meeting of the company’s Board of Directors that considered and approved of a range of the company’s key documents. That was the first Board of Directors’ meeting attended by its new members, namely, the Chairman of the Board of Directors Eugeniy Murov, as well as Board of Directors’ members: Alexey Arkhipov, Alexandr…
DetailsTurkey 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…
DetailsTorrential rains across most of Ukrainian regions after a severe drought could leave around 1.2 million acres of winter grain area unsown and winter wheat is under major threat, a senior state weather forecaster said. Ukraine’s winter wheat harvest is highly dependent on moisture content in the soil during the autumn sowing, air temperatures in…
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