The management of the Russian car seat producer AvtoVAZagregat, one of the largest suppliers to carmaker AvtoVAZ, has pledged to fully repay wage arrears by September, a spokesperson for the Samara region government reported. The company has transferred a total of 156.6 million rubles of liabilities to dismissed employees. AvtoVAZagregat has been idle since July…
DetailsRussia has increased grain output by one third, or around 30 million tons, over the last 10 years, Agriculture Minister Alexander Tkachyov said. “Grain production in Russia increased by one third over the last 10 years. In absolute figures, this is around 30 million tons, which is comparable with annual volume of Russian grain exports”,…
DetailsNorway’s oilfield services company Enhanced Drilling has opened a new workshop and office facility in Baku. The new workshop is located at Salyan Highway 22nd km and features 2,355 square metres of space. The new workshop is three times the size of the facility formerly occupied by Enhanced Drilling in Baku, and features a 15-ton…
DetailsModern samples of armament and military hardware of the Russian Aerospace Forces will be demonstrated during stationary exposition and dynamic programs of the International military and technical forum “Army 2016”. The Forum will take place in the Patriot park on September 6-11. Visitors of the Forum will see Su-34 multidimensional bombers, Su-35S and Su-30Sm fighters,…
DetailsBelarus’ Agriculture and Food Ministry is taking measures to help its three enterprises regain access to the Russian market, Alexander Subbotin, Deputy Agriculture and Food Minister – Director of the Veterinary and Food Supervision Department, said. “Rosselkhoznadzor’s claims are about the quality of registration of the dried milk conformity declarations”, the deputy minister explained. “We…
DetailsThe Mogilev region administration and the Hungarian company Hungaroseed Kft have signed an agreement on cooperation. The agreement provides for setting up a joint venture in Mogilev region to produce corn seeds, the press service of the Belarusian Ministry of Foreign Affairs reported. A delegation of Mogilev region led by the First Deputy Chairman of…
DetailsTwo Russian Sukhoi Superjet-100 (SSJ-100) airliners manufactured in their VIP modification have entered service with the Thai Air Force. The inaugural ceremony was held at the military base located at Bangkok’s Don Muang airport. It was attended by Thai Prime Minister Prayuth Chan-ocha. The SSJ-100 planes produced in Russia have joined the 603rd air wing…
DetailsIn January-August the network of Russian Railways loaded 809.6 million tons, up by 168%, the company’s press center says. In the reported period the railways shipped the following goods: 214 million tons of coal (up by 3.2% YoY); 7.7 million tons of coke (+2.75%); 156.6 million tons of crude and oil products (-7.5%); 73.2 million…
DetailsRussia does not see a necessity to limit oil production at current prices, but is open for discussion, Energy Minister Alexander Novak said. “We are always open for discussion, for monitoring the situation, everything will depend on whether there is feasibility”, he said. “In my opinion, now prices are at around $50 (per barrel) –…
DetailsThe Ministry of Agriculture of the Russian Federation proposes to zero down the export duties on wheat from September 15, the draft decree of the Government of the Russian Federation “On Amendments to the rates of export customs duties on goods exported from the Russian Federation outside the member-states of the Customs Union” says. The…
DetailsAccording to the official statistics figures, in 2015/2016 MY (August-July) Russia produced 334.2 thousand tons of crude rapeseed oil, down by 21% compared with the season-2014/2015 (424.7 thousand tons). Most Federal Districts faced the downward trends in production, and only the Volga District demonstrated the growth rates (up by 13%; to 19.8 thousand tons), and…
DetailsThere is a chance to privatize Russian oil major Rosneft by the end of the year, presidential aide Andrei Belousov reported. “In accordance with the schedule we should have time to do this”, he said. Economic Development Minister Alexei Ulyukayev said in late August that the government might have no time to privatize 19.5% in…
DetailsRussia’s international traffic fell by 26.6% in July to 3.6 million passengers, according to Russia’s Federal Air Transport Agency, Rosaviatsia. Total international and domestic traffic reached 10.1 million, down by 10.3% YoY. In January-July Russian airlines carried 48.2 million passengers, down by 8.2% YoY. International traffic dropped by 26.7% to 17 million, domestic increased by…
DetailsProduction of ships at Russia’s Far Eastern shipyard Zvezda will start this year and the pilot order will be delivered in 2019, oil major Rosneft CEO Igor Sechin said at a ceremony to launch the shipyard’s first stage. “A project to create a modern shipyard complex Zvezda, which moved under a full control of Rosneft…
DetailsRussian car producer Sollers has started UAZ exports to China and Vietnam and plans to enter the market of Chile as well, CEO Vadim Shvetsov reported. Asia, Middle East and Africa are the main markets for the company’s exports, he said. “We supply some cars to Latin America. We’ve started supplies to China. The volumes…
DetailsRussia’s State Space Corporation, Roscosmos, has announced a tender to create space robots (Kosmorobot) that will assist cosmonauts during their extravehicular activities. The project’s contract price tag comes to 2.4 billion rubles ($36.78 million). This information has been published on the public procurement website. According to the technical design assignment, the robots will have to…
DetailsIn June Romanian wheat exports were an absolute record for the month – 415 KMT. Previous record was set in June 2015 (86.8 KMT) and in the last 5 seasons average wheat volume exported from Romania in June was 52 KMT. High export pace in June was observed due to the high demand from Sudan,…
DetailsIn January-June net profit of Tuapse Commercial Seaport totaled RUB 1.67 billion, up by 1.5%, YoY, the company says. The company’s revenue increased by 24.4% to RUB 3 billion. OJSC Tuapse Commercial Seaport (TCSP) is the major operator at the port of Tuapse, one of Russia’s largest ports. TCSP is part of UCL Port, a…
DetailsMaritime transport and tourism should be developed in the Arctic, press center of the Russian Security Council cites its Secretary Nikolai Patrushev as saying at the VI International Meeting of the Arctic Council member states, observer states and scientific community representatives. “Arctic pioneers of the present day should not only develop it for economic purposes…
DetailsAt the beginning of last week weather conditions were favorable for completion of winter wheat harvesting in the South and South East. Crops condition is mainly good and stage of development is full ripeness. In the reporting period conditions were also favorable for growth and development of spring grain crops and grain filling, though short-term…
DetailsLast week decrease in prices for milling wheat was noted in Kazakhstan export market primarily due to the seasonal factor. Over the week export prices for milling wheat decreased in average by $11 in the Aktau port – to $185-191/MT FOB for wheat with 13.5% protein, and by $20-22 for 3rd grade wheat on DAF…
DetailsIndia intends to invest more than 20 billion rupees ($300 million) in the creation with Russia’s assistance of a logistics center of spare parts for Russia’s Sukhoi Su-30MKI fighters at the facilities of India’s state-owned aerospace and defense company Hindustan Aeronautics Limited (HAL), a source in the Indian Defense Ministry reported. “To date, the main…
DetailsRusagro Group, one of the largest vertically integrated enterprises in Russia, plans to export pork to Vietnam beginning next year. “Shipments are expected to start next year”, Maxin Basov, General Director of Rusagro, said. Russia’s largest meat processor ABH Miratorg has also been licensed to supply poultry, pork and beef to Vietnam. “With a population…
DetailsFrom September 22, Dubai Aviation Corporation, doing business as flydubai, will increase the frequency of flights between Odessa and Dubai from two to three flights per week. An extra flight will be operated on Thursdays. Currently, flydubai operates flights between Odessa and Dubai on Tuesdays and Saturdays. Flydubai is a partner of the Emirates airline,…
DetailsAs of September 1, agricultural organizations of Belarus harvested grains and pulses throughout the areas of 2.067 million ha (98.1% of the plan). The average yield totaled 3.35 ton/ha, the Ministry of Agriculture of the Republic of Belarus declared. The harvested volumes reached 6.932 million tons of grains (taking into account buckwheat and millet), down…
DetailsThe Algerian Ministry of National Defense (MDN) confirmed that it had received its first Mil Mi-28NE Night Hunter attack helicopters when it released coverage of Chief-of-Staff Lieutenant General Ahmed Gaid Salah inspecting Ain Oussera Air Base, 135 km south of Algiers. Two Mi-28NEs were seen fitted with the optional N025E mast-mounted radars and pods for…
DetailsKyiv-based state-run Antonov enterprise and Aerospace Industry Corporation of China (AICC) have signed an agreement on cooperation under the An-225 Mriya aircraft program, the Ukrainian company’s press service has said. “The parties have expressed their intention to cooperate in the long-term outlook, which foresees the construction of the second sample of the modernized An-225 Mriya…
DetailsThe Ukrainian party continues to successfully export products of plant origin to the People`s Republic of China in accordance with the international contracts of Ukraine, the State Service of Ukraine on Food Safety and Consumer Protection declared. According to the protocols of Chinese phytosanitary requirements for the exports of corn, soybeans and barley to the…
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