The need for the main haulage cargo, passenger and shunting locomotives for 2017 is 2,492, while by 2025 the need would expand by some 16%, to 2,881 locomotives. According to the press service of the public joint-stock company Ukrzaliznytsia, the company calculated that by 2025 the need in acquiring new main haulage locomotives was around…Details
In Ukraine linseed belongs to a niche of agricultural crops, which require further advanced processing and are used in related industries such as pharmaceutical, confectionery, textile and others. Export duty at 23% set in 1999, which triggered acute reduction of linseed acreage, was an obstacle for linseed production recovery in Ukraine. Currently, the linseed export…Details
The number of LNG powered vessels in the Baltic region will more than triple totaling 250 units by 2019, Kirill Lyats, CEO of LNG Gorskaya, reported.
According to him, 80 vessels driven by LNG (mostly Norwegian) are operating in the region today. (Portnews/Business World Magazine)
Biometric airport equipment recommended by Russian inspectors should arrive in Egypt sometime in November, Egyptian Civil Aviation Minister Sherif Fathy said. “It should arrive in Egypt in mid-November. We will need some time to install it, then we will contact our Russian colleagues and discuss our further steps”, Fathy reported. Acting on Russia’s recommendation following…Details
DTEK Energo will buy 30,000 tons more gas coal in Poland in addition to earlier contracted 100,000 tons. The company will supply it in November to Burshtyn and Dobrotvirska thermal power plants (TPPs, managed by DTEK Zakhidenergo), the press service of the company has reported. The press service said that first wagons with Polish coal…Details
Shareholders in private joint-stock company AMD Illichivsk (Odessa region) have permitted the company’s board to refinance a credit line with the limit of $30 million (765.98 million UAH). According to a company report, the decision was made at an extraordinary general meeting of shareholders on October 28. The shareholders authorized the board of ADM Illichivsk…Details
Following a surge of public bewilderment over the riches declared by Ukrainian officials and members of parliament under a new system of electronic declaration of the personal financial status, Ukrainians have come up with proposals to make high-rank personalities invest the resources declared in the national economy. A petition for this was registered at the…Details
China’s Silk Road Economic Belt concept has been adapting to Russia’s Eurasian integration program, Russia’s ambassador to China Andrei Denisov said. “There has been significant progress in determining the mechanism of interaction between the Eurasian integration project and the Silk Road concept”, the ambassador said. “We have an opportunity to boost cooperation in all areas”,…Details
The largest bank in Ukraine, PrivatBank (Dnipro) posted a 6.5-fold rise YoY in profit in January-September, to 592 million UAH, the bank has said in a report. Net interest income (before payments to reserves) over the period reached 3.085 billion UAH (3.281 billion UAH in January-September 2015). Commission revenue grew by 71%, to 7.587 billion…Details
Baltic Fuel Company (BFC) says it has obtained a final permit from the Federal Marine and River Transport Agency (Rosmorrechflot) for construction of Marine Oil Terminal “Turukhtanniye Islands” within the Big Port St. Petersburg. This document approves of the construction of the entire complex of assets. The permit for construction of this terminal issued by…Details
Six new outbreaks of African Swine Fever (ASF) have been reported on pig farms and backyard/village units in Ukraine.
The outbreaks were reported in the north and south of the country in the areas of Kharkov, Odessa, Nikolayev and Poltava.
In total, there were 11 cases. (ThePigSite/Business World Magazine)
BelAZ heavy-duty truck manufacturer is due to hold a contest to choose a project developer, a project designer and an equipment supplier for a $45 million project aimed at upgrading the truck manufacturer’s CNC machine workshop. The closing date for applications is December 23. The equipment and solutions are to be supplied in the period…Details
Belarus’ foreign trade deficit stood at $2.397 billion in January-September to compare with a $1.844 billion deficit in January-September 2015, according to the National Statistics Committee (Belstat). Commodity exports decreased by 15.7% YoY, to $17.245 billion, while imports decreased by 11.9%, to $19.642 billion. Exports from Belarus included $10.422 billion worth of supplies to the…Details
Russia’s Economic Development Ministry expects exports to Vietnam to rise by 50% in dollar terms in 2016, First Deputy Minister Alexey Likhachev said. “Vietnam is the only big country with positive rates of mutual trade last year and in the first seven months of this year even in dollars. The dollar puts a substantial pressure…Details
Ukraine’s State Property Fund has announced a tender to sell shares of PJSC Odessa Port Plan. The authorized capital of the company is 798544000 UAH. The STF proposes to sell 99.567% shares of PJSC Odessa Port Plan. The starting price is 5.16 billion UAH. The bid increment is 150 million UAH. The tender will be…Details