Ukraine: UkrOboronProm cooperation with Azerbaijan establishes model of working relationship with other countries

Cooperation between Ukraine and Azerbaijan in AN-178 production will establish the model of UkrOboronProm working relationship with other countries. This was stated by Director General of the State Concern Roman Romanov, commenting on the statement of the President of Ukraine in his briefing in Baku in the framework of the official visit to Azerbaijan. “One…

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Turkmenistan: acting head of oil and gas construction concern named

Deputy head of Turkmenistan’s “Turkmenneftegazstroy” state concern Atakuli Tatov has been appointed acting head of the concern, the decree signed by Turkmenistan’s President Gurbanguly Berdimuhamedov said. The subdivisions of the state concern are engaged in construction of oil and gas pipelines and development of oil and gas fields, reconstruction of oil processing facilities, as well…

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Ukraine: Yuzhnoye Design Office looses $800 million following Brazil’s contract termination

Losses bourn by Ukraine because of the unilateral termination of the Cyclone-4 contract by Brazil can reach about $800 million, the press service of Yuzhnoye State Design Office has said. “According to preliminary estimates, Yuzhnoye Design Office losses could amount to roughly $800 million because of the unilateral contract termination by Brazil”, the report has…

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Ukraine: grain crops condition

Weather conditions were favorable for winter and spring grain crop development in May-July. During the first week of July soil moisture reserves were satisfactory except for Western regions. Last week was rather hot with minor precipitations. Currently, a dry weather phenomenon is observed in some Southern, Eastern and Western regions. Early spring crops are at…

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Russia: RusHydro renovates Volga HPP equipment

Renovation program included the replacement of the hydro turbine, generator, excitation system, hydroelectric unit management and automation system, as well as auxiliaries. The equipment has been renovated in line with RusHydro’s Comprehensive Renovation Program (CRP). The new turbine features an improved design and is highly environmentally friendly. The renovated impeller has 5 blades instead of…

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Ukraine: FUIB starts paying Mykhailivskyi clients

Starting with July 15, PJSC “FUIB” begins to disburse the guaranteed amounts of deposits to the customers of PJSC “Bank “Mykhailivskyi”, that is, to individuals whose funds are subject to compensation by the Private Deposit Guarantee Fund. PJSC “FUIB” disburses funds to depositors who, when concluding bank deposit/account agreement with PJSC “Bank “Mykhailivskyi”, had their…

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Russia: Gazprom, RZD, Transmashholding and Sinara sign agreement on cooperation

Gazprom, Russian Railways, Transmashholding, Russia’s largest manufacturer of rail rolling stock and medium-speed diesel engines, and Sinara Group have entered into an agreement covering the utilization of natural gas as engine fuel. The agreement was signed by Andrei Bokarev, President of Transmashholding, Oleg Belozyorov, President of RZD, Alexey Miller, Chairman of Gazprom’s Management Committee, and…

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Russia: ZMZ profits in H1 2016

Following the results from the first half year 2016 Zavolzhsky Motorny Zavod has got profit in amount of 17,9 million rubles (without VAT) from infrastructure service for residents of industrial park. Particularly the payable infrastructure services for residents of industrial park, i. e. for companies Leoni, Daido Metal Rus, Trelleborg, MobilGasService, Ferrum, NPO Technograd, Project…

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Ukraine: Finance ministry starts internal reform with support of PwC

The Ukrainian Finance Ministry will start internal reform with support of PricewaterhouseCoopers (PwC). The reform aims at improving business processes in the ministry. “The project will be fully financed by international donors and it does not require budget funds spending”, the ministry said after a meeting of Ukrainian Finance Minister Oleksandr Danyliuk, his deputy Yevhen…

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Russia: Egypt purchases wheat

On July 15, Egypt purchased 300 KMT of milling wheat from Romania and Russia for shipment during August 21-30, at the average price of $175.16/MT C&F. The price in the previous tender equaled $173.03/MT C&F. In the previous tender, on July 12, Egypt bought 180 KMT of Ukrainian and Russian wheat to be shipped during…

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