Boeing Commercial Airplanes top executive Kamil Gaynutdinov will become CEO of Russia’s Sukhoi Civil Aircraft. In 2003, Gaynutdinov worked at airline UTair being responsible for contracts on helicopter transportation abroad and in 2005 he chaired Boeing Commercial Airplanes’ division Commercial Aviation Services in Russia and the CIS. Ilya Tarasenko, the current CEO of Sukhoi Civil…
DetailsThe Swiss company Stadler will ship 23 tramcars of the Metelitsa (Blizzard) variety to Saint Petersburg. The tramcars will be made by the Stadler Minsk factory. The first six cars will be handed over to the customer by late July 2017. It is the first large order for the innovative tramcar Metelitsa that Stadler has…
DetailsThe Belarusian automaker Minsk Automobile Plant (MAZ trademark) will ship 100 buses to the Russian city of Kazan in the Republic of Tatarstan, representatives of the company said. The Belarusian low-floor large-capacity buses MAZ 203 will be used to transport passengers during the world football championship that will take place in Kazan in 2018. The…
DetailsBelarusian banks’ total balance sheet profit amounted to 399.7 million Belarusian rubles (Br) in January-July, or $204.231 million at the official rate of the central bank, up by 35.2% YoY, the National Bank of Belarus said in a statistical report. Banks’ equity capital totaled 8.138 billion rubles ($4.158 billion) as of August 1, up by…
DetailsBelarusian oil refineries produced 2.403 million tons of petrol in January-July, down by 3.6% YoY, Belstat reported. In July alone petrol output dropped by 29.3% YoY to 238,300 tons. In January-July Belarusian refineries produced 4.622 million tons of diesel fuel (including biodiesel), down by 5%. In July alone they produced 511,700 tons of diesel fuel,…
DetailsThe equity capital of Belarusian companies (except for banks, insurance and state-funded companies, micro- and small-sized companies without departmental affiliation) grew by 0.8% in January-July to Br112.8 billion ($57.6 billion), Belarus’ National Statistical Committee (Belstat) said in a statistical report. Companies’ liabilities stood at Br120.7 billion ($61.7 billion) as of July 1, up by 10.9%…
DetailsNet foreign assets of Belarusian commercial banks amounted to minus $5.353 billion as of August 1, down by 14.9% compared to the level of January 1, the National Bank of Belarus said in a statistical report. Gross foreign assets of commercial banks were down by 26.7% in January-July to $1.299 billion, while foreign liabilities of…
DetailsNet foreign assets of the Belarusian government and the National Bank of Belarus (NBB) amounted to $3.624 billion as of August 1, up by 49.9% since early 2016, the NBB said in a statistical report. Belarus’ net foreign assets grew due to an increase in gross foreign assets by 21.4% in January-July to $5.052 billion…
DetailsBelarus increased truck exports by 24% YoY in January-June to 1,847 units, Belstat said in a statistical report. Truck exports to the CIS states grew by 13.5% to 1,546 units at the average price of $140,123 apiece (down by 10.8% YoY), other foreign countries – 301 units (up 2.4 times), average price – $116,598 (down…
DetailsBelarus’ food exports dropped by 11.2% YoY in January-June to $1.611 billion, the National Statistics Committee (Belstat) reported. The largest decline was registered in exports of the following foods: milk, cream powder, condensed cream – down by 12% to $218.5 million, sugar – down by 19.4% to $96.7 million, potatoes – down by 64.6% to…
DetailsThe Southern Gas Corridor (SGC) project will enhance Azerbaijan’s role in forming eastern and western energy corridors, said the country’s Deputy Energy Minister Natig Abbasov. Despite the decline in oil prices, Azerbaijan continues to implement large transnational projects, said the deputy minister. As a country located at the intersection of Europe and Asia, Azerbaijan has…
DetailsAnother fifty-one state enterprises have been put up for privatization in Azerbaijan, the country’s State Property Issues Committee said. Twenty-five of the enterprises put up for the auction are located in various districts of Azerbaijan, and 30-45% of shares of the controlling stake in the authorized capital of these enterprises are subject to privatization. These…
DetailsAzerbaijan is considering the possibility of transporting Iranian gas through its territory to Europe, said Azerbaijan’s Deputy Energy Minister Natig Abbasov. He noted that it would become possible through Iran’s joining the Trans-Anatolian Natural Gas Pipeline (TANAP) project. Abbasov didn’t exclude possibility of transporting Iraqi gas through Azerbaijan to Europe. TANAP project envisages transportation of…
DetailsPlans have been made to reorganize agribusiness enterprises in Vitebsk region in 2016-2017. The relevant measures are stipulated by Belarus president decree No. 320 of August 25. The document has been adopted to improve the performance of the enterprises, enable conditions conducive to agribusiness development in Vitebsk region and raise investments. In line with the…
DetailsOn August 22-28, Ukraine exported 552.7 thousand tons of grains from the seaports, against 647.7 thousand tons in the previous week.
In particular, wheat shipments reached 391.1 thousand tons, corn – 10.7 thousand tons, and barley – 150.9 thousand tons. (APK-Inform/Business World Magazine)
As of August 26, Ukrainian agrarians harvested 38.2 million tons of grains and pulses throughout the areas of 9.87 million ha, or 68% of the plan. The average yield totaled 3.91 ton/ha, the Ministry of Agrarian Policy and Food of Ukraine reported. At the same time, on the same date last year the production volumes…
DetailsDue to the deficit of high-quality wheat in Russia in the current year, the grain of Kazakh origin will be in great demand in Russia, especially in eastern regions of the country. Due to exchange rate differences, Kazakh wheat will demonstrate more interesting prices, the Deputy Director of the strategic management department at Rusagrotrans CJSC…
DetailsThe volume of mortgage loans which were provided in Russia in July fell by 17% YoY to 54.8 billion rubles, the United Credit Bureau said in a statement.
The number of mortgage loans also fell by 17% to 34,700 and the average loan size was flat at 1.58 million rubles. (Prime/Business World Magazine)
The Russian Helicopters holding is intensively working up an issue to establish an authorized technical maintenance center in Iran with the Iran Helicopter Support and Renewal Company (IHSRC), according to the holding’s Deputy Director General Alexander Shcherbinin. “The Russian Helicopters company is discussing the potential supply of Ka-226T and Ansat light utility helicopters to Iran’s…
DetailsOn August 25, Federal Government-Financed Institution “Center of Fishery Monitoring and Communications” (CFMC) of the Federal Fishery Agency in cooperation with Gonets Sattelite System OJSC, operator of State Space Corporation Roscosmos on communication systems, launched yet another vessel within the framework of the pilot development of electronic ship’s fishing log, says CFMC. The vessel will…
DetailsThe Russian Aerospace Defense Forces (VKO) plans to order the new Kh-32 (also named X-32) cruise missiles to arm its Tupolev Tu-22M3 “Backfire” bombers. The VKO has successfully conducted Operational Evaluation trials of the Kh-32 air-launched stand-off cruise missile. The Kh-32 can use a combination of GLONASS and GPS and radar terrain mapping to achieve…
DetailsAgrarians of the Southern and North Caucasian Federal Districts of Russia started harvesting corn. The first results demonstrated that the average yield exceeded the last year results almost 4 times to 5.98 ton/ha, against 1.63 ton/ha on the same date in 2015, the Ministry of Agriculture declared. In particular, to date the North Caucasian District…
DetailsAs of August 25, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the areas of 28.5 million ha (on the same date in 2015 – 24 million ha), or 60% of the planned areas (47.3 million ha). The produced volumes reached 85 million tons of grains, with the average yield of…
DetailsRussian state space corporation Roscosmos is allocating over 1.9 billion rubles ($29 million) to upgrading carrier rocket engines, rocket boosters and spacecraft, according to materials published on Russia’s official public procurement website. The contracted upgrades include replacing engine parts and materials, increasing engine reliability and reducing defects and failures during test flights. Roscosmos also plans…
DetailsRussia’s S.P. Korolev Rocket and Space Corporation (RSC) Energia General Director Vladimir Solntsev said that state space corporation Roscosmos started working on designing a new super-heavy class carrier rocket on the basis of the RD-171 liquid-fuel rocket engine. “We are working on a super-heavy class rocket with an engine that we already have – the…
DetailsAccording to AS Tallink Grupp, the company earned 36 million euro of EBIDTA by the consolidated revenue of 245.2 million euro in second quarter of 2016 financial year. Compared to the year before, the number of transported passengers increased by 2.8% to 2.4 millions, the number of transported vehicles – by 3.8% and that of…
DetailsUnder order from RSC Energia, Roselectronics has designed a single CCTV system used to monitor astronaut activity in space. The system will be tested in 2017. It was developed on the basis of the Orlan-MKS spacesuit currently used by Russian astronauts and designed for eight hours of continuous operation. A single TV camera block attached…
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