Small and medium private enterprises are expected to secure three fourths of the national economy’s growth by late 2020. Prime Minister of Belarus Andrei Kobyakov made the statement after his working trip to Minsk region on September 30. “We now pay close attention to small and medium private enterprises. We expect these enterprises to secure…
DetailsRussia plans to increase grain exports, despite president Vladimir Putin’s recommendations not to rush with exports given lower international prices, Agriculture Minister Alexander Tkachyov said. “Of course, the country’s interests, its food goals, feed stuff for animals, seeds come first, while the rest is exported”, he said. “Our balance is (good), we obviously will increase…
DetailsAs of September 29, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 42.4 million ha (on the same date in 2015 – 38.8 million ha), or 89.8% of the planned areas (47.3 million ha). The produced volumes reached 110.7 million tons of grains, with the average yield…
DetailsRussian multi-industry holding Renova Group has not received any offers to sell its unit, power producer T Plus, Viktor Vekselberg, the group’s main owner and chairman of the board of directors, said. Ensuring power supplies in 16 Russian regions, T Plus is currently involved in a bribery case. According to the Investigative Committee, in 2007-2014,…
DetailsRussian oil major Rosneft has asked the government to cut oil pipeline monopoly Transneft’s tariffs for domestic oil and oil product transportation by 50% and decrease Russian Railways’ tariffs by 30%. Rosneft asked this in August, while ministries were ordered to study the issue in September. Representatives of Rosneft and Transneft declined to comment, representatives…
DetailsPivdenmash (Dnipro) has welcomed a possibility of resuming production of the Zenit-3SL launch vehicle for Sea Launch project announced by the new owner of the platform – Russia’s S7 Group. The enterprise said in a statement that after the recent signing of a contract between S7 Group and Sea Launch S.A. the intention of the…
DetailsRussia’s oil production may fall after 2018 if the government keeps the tax burden on the industry, Vagit Alekperov, CEO of oil major Lukoil, said. “I would not like to be some kind of a prophet, but stabilization will be there already in 2017. While in 2018-2019 production will fall”, he said, when asked about…
DetailsPrivate oil companies will join the initiative to limit oil production in the country if Russia makes such a decision, oil major Lukoil CEO Vagit Alekperov said. “We wait for the end of November when precise quotas (of OPEC), a precise validity period of these agreements is defined. We hope this will push oil prices…
DetailsKazakhstan is ready to share its practices in the development of public-private partnership with Belarus, Deputy Chairman of the Board of the Kazakhstan Public-Private Partnership Center Galymbek Mamrayev said. Kazakh experts worked on a technical assistance project in Belarus in April. They analyzed the prospects for the development of PPP in Belarus. “Today we see…
DetailsKazakhstan is interested in advancing cooperation with Belarus in information technologies, Galymbek Mamrayev, Deputy Chairman of the Board of the Kazakhstan Public Private Partnership Center, said. The expert said: “We are now opening our market to IT companies. Belarus is a leader in this field, this is why we expect that cooperation between our countries…
DetailsIn January-August Russian agricultural enterprises increased grain selling volumes by 9.9% YoY to 26.6 million tons, the Federal State Statistics Service (Rosstat) declared on September 29.
In particular, in August the reporting index totaled 7.6 million tons, up by 5.4% YoY. (APK-Inform/Business World Magazine)
In 2016/2017 MY, the export volumes of grains from Russia will reach 40 million tons, the General Director at SovEcon Andrei Sizov declared. The supply and demand balances in the current agricultural year formed in such way that the grain resources would total nearly 130 million tons. Therefore, SovEcon forecasts the exports at such a…
DetailsAccording to the official statistics data, in the first two months of the season-2016/2017 (July-August) Ukraine imported 8.8 thousand tons of rye flour, while in the same period of the previous season – 1 ton only. In the current year, Belarus supplied the whole volumes of rye flour. Ukraine significantly increased foreign purchases of rye…
DetailsThe projected volume of grain exports in 2016/2017 agricultural year (July-June) could total over 40 million tons, Ukrainian Agricultural Policy and Food Minister Taras Kutoviy said after signing a supplement to the memorandum of understanding with grain traders. “According to forecasts, exports would exceed 40 million tons. This is the highest figure in the history…
DetailsFederal Freight, a unit of Russian Railways, plans to lease around 16,000 rail cars from VEB-Leasing for five years to substitute its written-off fleet. The deal will become part of a big cooperation agreement between Vnesheconombank (VEB) and Russian Railways, which is planned for signing, and in the future, the sides will develop cooperation in…
DetailsThe European Commission has decided to expand access to the European Union (EU) market for some Ukrainian goods, EU Trade Commissioner Cecilia Malmstrom has said. The press service of Ukraine’s Cabinet of Ministers gave this information, referring to a statement of the EU commissioner at a meeting with Ukrainian Prime Minister Volodymyr Groysman. “EU Trade…
DetailsUkrainian Deputy Prime Minister for European and Euro-Atlantic integration Ivanna Klympush-Tsintsadze has estimated the economic impact of a possible increase in EU quotas for Ukrainian agricultural products to reach $200 million. “We received proposals yesterday, and preliminary assessments by our Ministry of Agrarian Policy stand at about $200 million. It is farm produce alone, the…
DetailsDTEK Energo, managing assets in coal production, heat generation and distribution of DTEK energy holding, saw a 61.5% fall in net loss in January-June YoY, to 8.135 billion UAH. The company said in a press release that the main contributor to net loss reduction was continued Hryvnia devaluation, which resulted in exchange rate difference losses…
DetailsOAO Belgazprombank will act as an agent bank to secure the execution of an agreement between Belarus government and Gazprombank on financing Belarusian exports to Russia. In accordance with Belarus government resolution No. 769 dated September 27, Belgazprombank will charge a fee of up to 0.02% of the amount to be compensated by Belarus at…
DetailsThe Belarusian national electrical company Belenergo and Siemens Company have signed a cooperation agreement, the Belenergo press service reported. The document was signed by Belenergo Director General Yevgeny Voronov and Siemens AG Vice President Willi Meixner. The sides intend to work together on the concept and preliminary technical solutions for using Siemens-made gas turbine power…
DetailsBelarus raised export duties on oil and oil products, exported outside the customs territory of the Eurasian Economic Union, on October 1. The relevant decision was stipulated by the Council of Ministers’ executive order No. 773 of September 27, the press service of the Belarus government reported. The export duty on crude oil goes up…
DetailsBelarus plans to increase its industrial production in Moldova, Belarus’ Prime Minister Andrei Kobyakov said, as he commented on the forthcoming official visit to Moldova. “We have been steadily developing bilateral cooperation. A number of assembly plants have already been set up. We plan new companies and think of increasing production”, Andrei Kobyakov said. According…
DetailsBelarus’ cargo traffic by all means of transport reduced by 4.5% YoY in January-August to 285.566 million tons, the National Statistics Committee of Belarus (Belstat) said in a report. Cargo transportation by railways in January-August stood at 81.602 million tons (down by 5% YoY), including transit cargo traffic – 20 million tons (down by 22.3%).…
DetailsOAO Belagroprombank is planning to attract the loan of the Nordic Environment Finance Corporation (NEFCO) to sponsor environmental projects. The relevant agreement was signed by the bank and NEFCO on September 28, in Minsk. The Nordic Environment Finance Corporation (NEFCO) is an International Financial Institution established by the Nordic Governments in 1990. NEFCO provides results-based…
DetailsIn January-August the joint index of costs for production of agricultural commodities in Ukraine (without the Crimea) increased by 12.4% YoY, the State Statistics Service of Ukraine informed. In particular, the costs for plant growing commodities production went up by 9.1% YoY, and animal commodities – by 20.9%. According to the statistics data, in August…
DetailsIn the 2015/2016 Ukrainian farmers obtained all-time high soybean crop – 3927 KMT. Firstly, this result was achieved owing to acreage expansion to record 2200 thousand ha. Over the past ten years Ukrainian soybean exports increased significantly, while markets were diversified. Export geography already included 33 countries. Given the persisting demand for soybean processed products…
DetailsEP3D, brand new AC EMU produced by Demikhovsky Machine Building Factory (DMZ, belongs to Transmashholding Group), is being tested at VNIIZHT testing facility in Scherbinka, Moscow region. There is a high level of standardization in relation to mechanical engineering assemblies and components between EP3D and EP2D, DC EMU also designed by DMZ engineers. The EMU…
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