Russian power holding Inter RAO is interested in buying assets in Latin America or Southeast Asia, Ilnar Mirsiyapov, a member of the management board, said. Inter RAO wants to acquire a significant stake of a market, Mirsiyapov said after naming countries of Latin America and Southeast Asia as markets which the company saw interesting for…
DetailsRosinterbank, included in Russia’s 100 largest banks in terms of assets, has completely stopped providing services to its clients, the bank said. “Individual and corporate clients will not be serviced at Rosinterbank’s offices and branches starting from September 15, in order to stabilize the bank’s financial performance”, the bank’s statement said. A source reported that…
DetailsThe government of the Russian Federation posted the draft decree by the Ministry of Agriculture on zeroing of the wheat export duties from September 15, at the common web-portal of legal information disclosure. According to the explanatory note, to date the reporting duties do not actually have any regulatory impact. At the same time, the…
DetailsTurkmenistan’s President Gurbanguly Berdimuhamedov has named the main vectors of the country’s socio-economic development which will be taken into account in the draft 2017 state budget. The president noted that the country would continue the reforms on the integrated diversified economic development. These reforms envisage the implementation of major investment projects of international and regional…
DetailsThe Executive Board of the International Monetary Fund (IMF) completed the second review of Ukraine’s implementation of an economic program backed by the Extended Fund Facility and approved of the disbursement of a third tranche worth SDR 716.11 million, or about $1 billion, the IMF said in a statement. “This brings total disbursements under the…
DetailsThe Moscow Automobile and Road Construction State Technical University (MADI) has started developing a versatile amphibious platform for light, extra light and heavy vehicles operational with the Airborne Force, the Airborne Force’s press office said. “The Airborne Force and top specialists of the Moscow Automobile and Road Construction State Technical University have started jointly developing…
DetailsKazakhstan plans to increase oil production to 79.5 million in 2017 and to 86.5 million tons in 2021, according to the 2017-2021 socio-economic development outlook, the Kazakh National Economy Ministry reported. In the baseline scenario, the oil price is expected at $35 per barrel in 2017-2019, with an increase to $45 per barrel by 2021.…
DetailsAccording to regional agricultural departments, as of September 15, Kazakh agrarians harvested grains throughout 9.667 million ha, or 63% of the planned areas, the Ministry of Agriculture of the Republic of Kazakhstan declared. As of the reporting date, agrarians produced 14.376 million tons of grains, up 2 times YoY (7.081 million tons). The average yield…
DetailsSince the beginning of 2016/2017 MY Kazakhstan supplied 992.7 thousand tons of grains and flour in grain equivalent to foreign markets, the Ministry of Agriculture of the Republic of Kazakhstan declared. In particular, the country exported 544.1 thousand tons of grains and 314 thousand tons of flour (448.6 thousand tons in grain equivalent). In 2015/2016…
DetailsAccording to official data, as of September 10, grain crops had been threshed from 9122.2 thousand ha, or 59.4% of the plan. 13557.8 KMT was harvested with the average yield of 1.49 MT/ha. On the same date of 2015, 5679.3 KMT of grain had been harvested from 5091.9 thousand ha with the average yield of…
DetailsIn 2016/2017 MY, Ukraine will remain the global leader in sunflower seed production with the figure of 13-13.5 million tons, up by 1.8-2.3 million tons (or by16.3-20.7%) YoY, the General Director at the Association Ukroliyaprom Stepan Kapshuk declared. According to him, almost complete processing of sunflower seed on the domestic market of country, due to…
DetailsIn 2015/2016 MY, Kazakhstan exported 86 thousand tons of grains to Azerbaijan, the Ministry of Agriculture of the Republic of Kazakhstan declared. According to the announcement, Azerbaijan remains one of the traditional export markets for Kazakh grains. But during several recent years Azerbaijan reduced purchases of Kazakh grains due to increase of domestic production volumes.…
DetailsThe International Monetary Fund (IMF) has improved the inflation outlook in Azerbaijan for 2016 and 2017 to 10.2% and 8.5%, respectively, the fund’s report said. Earlier in April, the IMF expected inflation in Azerbaijan at the level of 12.8% for 2016 and at 9.5% for 2017. The IMF also expects inflation in Azerbaijan to decline…
DetailsThe International Monetary Fund (IMF) can help Azerbaijan primarily by working with the authorities to enhance macroeconomic policies and frameworks and strengthen institutions – key ingredients in the reform process, Mohammed El Qorchi, IMF mission chief for Azerbaijan, said. “The shift to a new economic model, one based more on non-oil private sector growth, will…
DetailsThe European Bank for Reconstruction & Development’s (EBRD) Board of Directors has adopted a decision on raising the bank’s stake in the equity capital of Holcim OJSC in Azerbaijan (formerly Garadagh Cement Plant) to 20%, according to the bank’s message. This move was made to continue supporting the company to improve energy efficiency through the…
DetailsThe United Kingdom will provide assistance to Ukraine in reforming the customs sector and the judicial system. “We’ve agreed that the UK will consistently assist us in the reform of our customs system and the introduction of a parliamentary system of transparency”, Ukraine’s Foreign Minister Pavlo Klimkin said. UK Secretary of State for Foreign and…
DetailsBelarus might become a platform for strengthening the cooperation between the European Union and the Eurasian Economic Union (EEU), German political scientist Alexander Rahr said. “Everyone understands that it is necessary to find some form of cooperation, deeper cooperation, between the European Union and the Eurasian Economic Union. Many in Germany think that Belarus is…
DetailsAmbassador Extraordinary and Plenipotentiary of Belarus to Cuba Alexander Aleksandrov and Cuban Minister of Heavy Industries Salvador Pardo Cruz discussed the deliveries of Belarusian machine-tool equipment to Cuba, the press service of the Foreign Ministry of Belarus reported. “During the meeting, the parties discussed topical issues of cooperation between the two countries in the field…
DetailsAs of September 15, agricultural organizations of Belarus harvested 306.1 thousand tons of rapeseed with the average yield of 1.57 ton/ha. The harvested areas reached almost 195 thousand ha of the oilseed (92.4% of the plan).
In addition, agrarians planted winter crops throughout 476.3 thousand ha, or 35.4% of the plan. (APK-Inform/Business World Magazine)
Belarus’ chemical company OAO Grodno Azot manufactured Br885.5 million worth of chemical products ($452.71 million) in January-August, up by 3.8% YoY, the company said in an official report. OAO Grodno Azot’s nitrogen fertilizer output stood at 552,612 tons (in terms of 100% nitrogen) in January-August, down by 0.2% YoY; carbamide output increased by 0.9% to…
DetailsAzerbaijan and Lithuania have reached an agreement to even more expand bilateral cooperation in railway sector, spokesperson for Azerbaijan Railways Nadir Azmammadov reported. The agreement was reached during a meeting between the head of Azerbaijan Railways CJSC Javid Gurbanov and Lithuania’s ambassador to Azerbaijan Valdas Lastauskas in Baku. During the meeting, the parties discussed the…
DetailsArterium Corporation (Kyiv) has acquired Marifarm pharmaceutical company (Maribor, Slovenia) from Slovenian bank Nova KBM (NKBM). The bank has not disclosed the amount of the transaction. According to unofficial information from Maribor’s local edition Vecer, it is estimated at 6.8 million euro. Arterium and Marifarm intend to jointly explore new possibilities of development of pharmaceutical…
DetailsIn August Ukraine exported 258.3 KMT of sunoil against 352.9 KMT in the previous month and 224 KMT in July 2015. Over 2015/2016 season (September-August) Ukraine shipped 4479 KMT of sunoil against 3870 KMT in 2014/2015, setting a new record. Among the key importers of Ukrainian sunoil were European countries (about 32% of all exports),…
DetailsAs of September 15, Ukrainian sugar plants produced 94 thousand tons of sugar, Ukrtsukor National Association of Sugar Producers of Ukraine reports. Currently, 21 sugar plants are running in Vinnytsia, Volyn, Zhytomyr, Kirovohrad, Kyiv, Lviv, Poltava, Ternopil, Kharkiv, Khmelnytskyi and Cherkassy regions. Ukraine’s sugar production output reached 93.8 thousand tons on September 14. A total…
DetailsThe GDP growth in the second quarter of this year was 1.3%, whereas it amounted to 0.1% in the first quarter. The First Vice Prime Minister, Economic Development and Trade Minister of Ukraine Stepan Kubiv said this at the Cabinet’s meeting. “We saw the growth of GDP by 0.1% in the first quarter of 2016…
DetailsRussia’s Federal Service for Veterinary and Phytosanitary Oversight is concerned with the fact that Egypt ignores existing problems regarding violations in fruit and vegetable supplies. Egypt has ignored a necessity to take urgent phytosanitary measures after the Russian service reported about four quarantine cases with citrus fruit supplies from Egypt at the end of the…
DetailsRussia will finish construction of its part of a railroad bridge across the Amur River to China in mid-2018, the Transport Minister Maxim Sokolov reported. China has already finished its part of the bridge. The project should have been implemented in 2017, but the new term is 2018, Sokolov said. The project was moved from…
DetailsMatua Island, which is a part of the Kuril Archipelago, will be used for logistics purposes, the president of the Russian Geographic Society Sergey Shoigu said, adding that a pier would be built there. “We are to answer a number of specific questions, and we are to do so this year. We plan to resume…
DetailsThe Russian government may introduce a new taxation regime for the oil sector, or a tax on added income, this year, but it will be applied only from 2018, according to the protocol of a recent meeting chaired by Deputy Prime Minister Arkady Dvorkovich. The new tax will substitute existing tax incentives on some fields…
DetailsAs of September 12, winter grains had been sown at 7404.8 thousand ha, 42.7% of the plan (17.35 million ha). On the same date of 2015 sowing had been carried out at 6741.7 thousand ha. In Ural federal district winter sowing was carried out at 94% – at 63.9 thousand ha, in Privolzhsky – at…
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