On October 3-9, export volumes of grains from the Russian seaports reached 325.8 thousand tons against 425.8 thousand tons shipped on the previous week.
In particular, wheat shipments totaled 238.3 thousand tons, barley – 14.2 thousand tons, corn – 70.4 thousand tons, and peas – 3 thousand tons. (APK-Inform/Business World Magazine)
In January-July Azerbaijan imported wheat from Kazakhstan valued at $3.2 million, or 73% of the general volume of Kazakh exports to the country, the Minister of Industry and Energy of Azerbaijan Natig Aliyev declared. Kazakhstan is the strategic partner of Azerbaijan in the issue of food security. Azerbaijan is a regular customer of Kazakh wheat,…
DetailsAccording to the results of the second review of implementation of the IMF program by Ukraine, the fund is “impressed” by the government’s efforts to carry out reforms and renew its economy. Director of the IMF’s European Department Poul M. Thomsen said this during a press conference in Washington. “We see that (economic) policy is…
DetailsUkrainian Foreign Minister Pavlo Klimkin says that trade turnover between Ukraine and Russia will not exceed 4-5%.
“We cannot retain previous economic ties with Russia. We will never return to a large volume of trade turnover with Russia. Earlier, the trade turnover reached 37%. Now it can total 4-5%”, Klimkin said. (Ukrinform/Business World Magazine)
Over the 8 months of 2016 flour production in Ukraine lowered by another 6%. In January-August Ukraine produced 1.212 MMT against 1.288 MMT over the same period of 2015. Flour production went down in all the key producing regions: Kharkov, Dniepropetrovsk, Kiev, Kherson, Odessa, etc. In contrast to the mentioned regions, production in Luhansk region…
DetailsTrade turnover between Ukraine and Turkey has exceeded $2 billion since the beginning of 2016. In particular, exports have come to $1.4 billion imports to and $667 million. The common goal of the two countries is to create comfortable conditions for Ukrainian and Turkish business by means of high-quality services and further improvement of customs…
DetailsIn August sunoil exports were 258 KMT. In July Ukraine exported 353 KMT and in August 2015 – 224 KMT. Total sunoil export volumes in 2015/2016 were 4478 KMT compared to 3870 KMT in 2014/2015, which is a new record. EU countries remain among the key importers of Ukrainian sunoil (about 32% of all exports),…
DetailsAccording to territorial directorates of the Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor), in July-September the exports of grain crops and its by-products from Russia totaled 12.5 million tons, the press-service declared. The exports of the reporting products, not including cargo movements to the territory of the Customs Union, totaled 12.1 million tons, down…
DetailsUkraine’s Infrastructure Ministry is to hold talks with top managers of Hutchison Ports, a leading global port operator owning ports in 25 countries, on October 13, Ukrainian Infrastructure Minister Volodymyr Omelyan has said. He said that on October 13, DP World Chairman and CEO Sultan Ahmed Bin Sulayem will arrive to Ukraine. The group manages…
DetailsTurkmenistan’s President Gurbanguly Berdimuhamedov held a meeting dedicated to the upcoming commissioning of the first phase of the transnational railway trunk: Asia international railway transportation corridor, the Turkmen government said in a message. This is the construction of the Atamyrat-Imamnazar (Turkmenistan) – Akina (Afghanistan) section. The completion of the construction and installation work is scheduled…
DetailsTurkey will continue its support for the Trans-Caspian International Transport Route in order to keep it preferable for carriers, Ahmet Arslan, Turkey’s minister of transport, maritime affairs and communications, said. Arslan noted that transportation to the Central Asian countries through Azerbaijan grew substantially in 2015 as compared to previous years. About 8,000 trucks were sent…
DetailsTurkey is ready to produce low-orbit (LEO) and gestational (GEO) satellites for Azerbaijan, as soon as the operating time of Azersky and Azerspace-1 spacecrafts expires, the Minister of Transport, Maritime and Communications of Turkey Ahmet Arslan said. Arslan said that as a part of state-owned Turkish Aerospace Industry (TAI) there was a center of testing…
DetailsThe Southern Gas Corridor is an excellent example of a new source of energy for Europe, Vice-President of EU Commission in charge of Energy Union Maros Sefcovic said. The Southern Gas Corridor is one of the priority energy projects for the EU. It envisages the transportation of 10 billion cubic meters of Azerbaijani gas from…
DetailsS7 Group, the new owner of the Sea Launch floating spaceport, intends to carry out 10-12 launches in the first five years after the resumption of the spaceport’s work, CEO of S7 Space Transport Systems Sergei Sopov reported. S7 Space Transport Systems is the operator of the Sea Launch spaceport. “About 10-12 launches, if we…
DetailsRussian independent gas producer Novatek decreased its gas production by 0.3% YoY to 49.95 billion cubic meters in January-September, the company said in a statement.
The output of liquid hydrocarbons rose by 43.6% to 9.387 million tons. (Prime/Business World Magazine)
The Russian government will factor in continuing sanctions against the country in the 2017-2019 budget draft, Prime Minister Dmitry Medvedev said. “While writing up the draft we base, as we have repeatedly discussed, on a cautious estimate of the economic situation on global markets, a conservative estimate. In particular, due to a quite low trend…
DetailsThe Russian company Modern Aviation Technologies (KB SAT) plans to begin production of the new SR-10 single-engine light aerobatic jet trainer aircraft in 2017. “Production of the first aircraft is scheduled for the end of 2017. According to the plans of the Ministry of Defense of the Russian Federation in 2018-2019 a pilot batch of…
DetailsMoscow sees the forthcoming negotiations with OPEC during an energy summit in Istanbul as an important step to an oil production cut agreement and expects that it will be reached before a November meeting of OPEC, Russian Energy Minister Alexander Novak reported. “In Istanbul, we initially planned to hold consultations with the countries present there.…
DetailsMore than 100 Russian-made RD-33MK turbojet engines have been delivered to India’s Navy, the press office of Russia’s United Engine Corporation (UEC) said. The engines were manufactured by the Chernyshev Machine-Building Enterprise, a subsidiary of the United Engine Corporation within Russia’s state hi-tech corporation Rostec. “The engines were delivered under a contract signed between Russia’s…
DetailsRussia’s consolidated budget deficit increased by 6.1% to 904.046 billion rubles in January-August. Budget revenues stood at 17.198 trillion rubles as of September 1, and spending amounted to 18.102 trillion rubles. Russia’s federal budget deficit stood at 1.445 trillion rubles in the period, with revenue of 8.144 trillion rubles and spending of 9.589 trillion rubles.…
DetailsThe Russian Direct Investment Fund (RDIF) and its partners have refrained from participation in privatization of a 50.08% stake in oil company Bashneft as the price is too high, RDIF CEO Kirill Dmitriev reported. Earlier the government allowed state-owned oil major Rosneft to buy the stake for no more than 330 billion rubles by October…
DetailsRussian state-owned oil major Rosneft may buy 19.5% in itself during privatization, Vice President Mikhail Leontyev said. “The corporation is seriously studying the possibility of buying its shares from the owner, I mean the government”, he said. The practice of buying own shares is wide-spread. “This is some kind of paranoia which is taking place…
DetailsRussian diamond mining giant Alrosa sold $435.1 million worth of diamonds and $18.9 million of cut diamonds in September, the company said in a statement. “September saw good demand in almost all categories of raw diamonds in accordance with our expectations. Sales exceeded the figures of September 2015 significantly”, Vice President Yury Okoyomov said. In…
DetailsRussia’s government commission has put off the launch of a Soyuz-FG flight vehicle with the Soyuz MS-02 spacecraft to October 19, the press service of the Russian state space corporation Roscosmos said. “After a scrutiny of materials on troubleshooting and removal of equipment malfunctions aboard the Soyuz MS-02 ship, the government commission decided to appoint…
DetailsIn the first half of 2016, the enterprises of Russia’s Federal Space Agency (Roscosmos) earned a profit of 6.5 billion rubles, Igor Komarov, the head of Roscosmos, said. “Our companies have reported a profit of 6.5 billion rubles in the first six months of the year and are on schedule under the Federal Space Program.…
DetailsPoland’s rail operator PKP LHS has become a member of the Coordination Committee of the Trans-Caspian International Transport Route (TCITR), Azerbaijan Caspian Shipping CJSC reported. Another meeting of the Coordination Committee was held in Astana. “The creation of a union of legal entities of the Coordination Committee, the signing of the agreement on the establishment…
DetailsThe Transport Corridor Europe-Caucasus-Asia (TRACECA) transported some 229.5 million passengers through Azerbaijan’s territory in January-August 2016, up by 2.2 percent% YoY, Azerbaijan’s State Statistics Committee reported. Meanwhile, some 33.24 million tons of cargo were transported via the TRACECA through Azerbaijan’s territory during the reporting period, down by 6.6% YoY. Some 64.1% (21.3 million tons) of…
DetailsOPEC’s most senior official will discuss the possible participation of Russia in an OPEC production cut, officials in the group said, as the cartel sought to bolster a landmark deal in Algiers. The Organization of the Petroleum Exporting Countries agreed to cut between 200,000 barrels a day and 700,000 barrels a day of their output…
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