Ukraine: real GDP up in Q2 2016

Ukraine’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…

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Russia: Aeroflot to sell Rossiya Airlines

Russian 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…

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Russia wants all public Wi-Fi users identified

The 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…

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Russia losing ground in Saudi Arabia

Barley 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…

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Belarus: Kommunarka pays increasing attention to Chinese market

The 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…

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Kazakhstan: sturgeon fishing banned

Kazakh 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…

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Hungary: EC to cease probe into Paks with Russia’s assistance

The European Commission (EC) will cease investigation into Hungary’s Paks nuclear power plant project with Russia’s participation as Budapest has provided all necessary explanations regarding construction of two new nuclear reactors at the facility, Bloomberg reported citing Benedek Javor, a Hungarian deputy at the European parliament. Hungary has provided sufficient justification why the construction contract…

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Belarus: call for new spheres and forms of cooperation to step up trade with Latvia

The development of direct contacts between businessmen, manufacturers and government agencies of the two countries will allow advancing Belarus-Latvia economic cooperation to a new level. Ambassador Extraordinary and Plenipotentiary of Latvia to Belarus Martins Virsis made the statement as he met with top officials of the Gomel branch of the Belarusian Chamber of Commerce and…

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Turkmenistan: Belarusian builders of Garlyk MPF to install third tunneling machine

Belarusian builders of the Garlyk mining and processing factory in Turkmenistan are getting ready to lower the third tunneling machine into the shaft, the press service of the Council of the Republic of Belarus reported. Chairman of the Council of the Republic of the National Assembly of Belarus Mikhail Myasnikovich oversees the project’s implementation. According…

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