Kazakhstan 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…
DetailsThe U.S. Department of Transportation has granted Ukrainian operator Antonov Company (Antonov Airlines) broad air charter exemptions for flights to and from the US. These exemptions follow the U.S.-Ukraine Open Skies agreement, concluded on July 14, 2015, and became effective earlier this year. The U.S. DOT has also tentatively granted Antonov Company a foreign air…
DetailsTransfers of Azerbaijan’s state oil fund SOFAZ to the state budget are expected at the level of 6.1 billion manats in 2017, dwon by 1.515 billion manats (19.9%) YoY, according to the presentation of the state and consolidated budget projects for 2017. According to the project, SOFAZ’s revenues are forecast at the level of 8.37…
DetailsThe economy of the Russian segment of the Internet, widely known as the Runet, will add 16.7% in 2016 to 1.581 trillion rubles, the Russian Association for Electronic Communications (RAEC) said. The growth is secured by a number of factors, including expansion of users’ expertise in Internet surfing, an omnipresent access to the Web and…
DetailsIn 2016/2017 MY, Russia started exporting feed wheat for the first time, and began to compete with Ukraine in the reporting market segment, the President of the Russian Grain Union Arkady Zlochevsky declared. According to him, Russia has never exported feed wheat in previous years. At the same time, the grain supplies are not large…
DetailsRussia is ready to consider joining OPEC and other oil producing countries in their efforts on the oil market, Energy Minister Alexander Novak reported. OPEC agreed to limit oil production in a 32.5-33.0 million barrel a day range, although the level for Iran, Libya and Nigeria has not been defined yet. The agreement is to…
DetailsAccording to official data, in August Ukrainian barley exports grew by 17% YoY and equaled 1924 KMT against 1019.5 KMT. During the first two months of 2016/2017 (July-August) Ukrainian exporters shipped 2204 KMT of barley, which was an absolute record for the period in question. Traditionally in August Saudi Arabia lowered its purchases, importing 371…
DetailsUkrainian President Petro Poroshenko has expressed appreciation to the United States for the decision on loan guarantees and invited U.S. companies to join the National Investment Council. “The last decision on granting loan guarantees from the U.S. government is the recognition of our achievements, as well as the decision of the International Monetary Fund to…
DetailsUkraine’s economy in 2017-2021 may grow by 2-5% per year. This was the forecast made by 54.2% of participants surveyed at the Ukrainian Financial Forum, organized by ICU (a financial services company) in Odessa on September 29-30. According to a poll conducted among the participants, 37.5% of respondents forecast an increase in the country’s GDP…
DetailsRussian Prime Minister Dmitry Medvedev has approved of a proposal to develop a national competition development plan, and the Federal Antimonopoly Service will report to the government on its first steps in two months, the service’s Director Igor Artemyev reported. The plan will be similar to the national plan for fighting corruption. “The government is…
DetailsAccording to regional agricultural departments, as of September 28, Kazakh agrarians harvested grains throughout 14.24 million ha, or 92.7% of the planned areas, the Ministry of Agriculture of the Republic of Kazakhstan declared. As of the reporting date, agrarians produced 21.363 million tons of grains, up by 8.21 million tons YoY. The average yield totaled…
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