Belarus: Belneftekhim reports $339 million foreign trade surplus in H1 2016

Companies controlled by Belarus’ petrochemical industries concern Belneftekhim produced a $339 million foreign trade surplus in January-June, Belneftekhim said in a release. In physical terms, petrochemical exports remained unchanged year on year in H1 2016. In value terms, exports of chemical and petrochemical products have dropped by more than $1 billion due to the drop…

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Ukraine: grain quality improvement determined by new information environment

Ukrainian grain business pays more and more attention to the latest information technologies and their role in competitiveness improvement on the global market. Information on grain quality, reputation of supplier/country of origin becomes the main factor of competitiveness and securing a foothold in markets. The new approach to market data interpretation will provide the expansion…

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Korea: Seoul confirms Russian carrier rocket to put satellite into orbit in 2020

Seoul’s aerospace research institute confirmed that the Russian Angara-1.2 carrier rocket would put the South Korean KOMPSAT-6 satellite, also known as the Arirang 6, into orbit in 2020. Earlier this month, Roscosmos space corporation said in a statement that the KOMPSAT-6 multipurpose satellite would be launched using Russia’s Angara-1.2. “The ILS Angara 1.2 vehicle was…

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Russia: Erginskoye oilfield to be auctioned

The Russian Natural Resources and Environment Ministry plans to auction the Erginskoye oilfield in the Khanty-Mansi Autonomous District until the end of 2016, an official said. Media reported earlier that the auction had been suspended as foreign investors had not decided on their participation in the auction. The ministry earlier offered to set a requirement…

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Russia: aviation to receive new-generation bombs

Russia’s Aerospace Force will soon receive new-generation air bombs equipped with proximity fuzes, CEO of Tecmash engineering group Sergei Rusakov said. The tests of the fuze that has been developed by Tecmash’s Electronic Instruments R&D Institute in Novosibirsk have passed successfully, he said. “Now the institute is preparing to launch the product into serial production.…

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Russia: oilseed acreage revised

Federal State Statistic Service has changed its estimate of oilseeds acreage for the 2016/2017 crop. Correction was made for all oil crops to a greater or lesser degree. In this regard, production estimates were also revised. Some analysts give bold projections and work with close to record productivity, while others are more modest in their…

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Ukraine: peas harvests up

Peas harvesting is nearly over in Ukraine. This year in Ukraine peas acreage exceeded last year’s area by 33% and reached five-year high. And not only favorable weather during sowing contributed to this. In 2015 peas appeared to be one of the most profitable agri crops among grains and pulses, as well as more attractive…

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Ukraine: corn oil output down

Despite the systematic increase in corn production volumes in Ukraine, the tendency of corn oil production mainly showed downward dynamics. According to the statistics figures, in 2015 Ukraine produced 7.97 thousand tons of the commodity, down by 35% compared with the index in 2011 (12.26 thousand tons). It should be noted that the reporting market…

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