Russia to boost grain exports

Russia 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…

Details

Russia: Renova gets no offers to sell T Plus

Russian 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,…

Details

Russia: grain sales up in January-August 2016

In 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)

Ukraine: economic effect from raising EU quotas for farmers to reach $200 million

Ukrainian 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…

Details

Belarus: Belagroprombank to take out NEFCO loan to finance environment projects

OAO 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…

Details

Ukraine: soybean complex conquering new markets

In 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…

Details

Russia: DMZ performs testing of a new AC EMU

EP3D, 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…

Details