The new company – Gazprom NGV Europe – is a wholly-owned subsidiary of Gazprom Germania GmbH and will continue its CNG business. Gazprom NGV Europe currently operates 50 natural gas filling stations in Germany and has already constructed a further ten filling stations in the Czech Republic and Poland. The establishment of this company will…
DetailsRussia’s Federal Antimonopoly Service believes that a decision to introduce an excise duty on sugar-containing beverages will lead to higher food prices, a lower purchasing power and falling budget revenues, Anna Mirochinenko, director of the service’s chemical and agriculture industries control department, said. “The Federal Antimonopoly Service believes that expanding the list of excisable goods…
DetailsRussia’s Finance Ministry plans to collect additional 2.5 trillion rubles in 2017-2019 to finance budget deficit. The ministry wants to raise taxes, mobilize revenues and deplete sovereign funds in 2017-2019, some of the officials said. The proposals were discussed at a meeting held by the First Deputy Prime Minister Igor Shuvalov on Monday, but no…
DetailsThe Russian government will use pension savings of the working people for 2017 to pay the current retirees, Deputy Prime Minister Olga Golodets said. The measure was used for the first time for savings in 2014 to spare more state money for the current pensioners. “We have reached a definite limit, there is no money…
DetailsThe Ministry of Agriculture of Russia plans to double soybean production volumes in the country, the Minister of Agriculture of the Russian Federation Alexander Tkachev declared. According to him, increasing of the domestic production of the oilseed would break the dependence on imports of low-quality soybeans, including genetically modified oilseed, as well as allow increasing…
DetailsRussia has certified Apple’s new smartphones, smartwatches and wireless headphones. The certification shows two modifications of the iPhone 7 instead of three earlier expected. The smartphones will run on the iOS 10 operating system. Apple certified three new models of the Apple Watch on the watch OS2 system. The U.S. giant will unveil its new…
DetailsStarting from September 1, Russia is decreasing export tax for sunflower, exported to the non-Customs Union countries. The corresponding decree has already been published on the government’s web-site. Sunflower seed export tax, including material for seeding purposes, will equal 6.5% from the good’s customs value, but no less than EUR 9.75 per 1 MT. Currently…
DetailsRussian multi-industry holding AFK Sistema has closed a deal to sell a 50% stake in railway cargo operator SG-Trans to a group of undisclosed non-affiliated buyers for 6 billion rubles, the holding said in a statement. Sistema President Mikhail Shamolin said in June that the company was selling its stake in the asset. An official…
DetailsBy 2030, the general grain harvest in Russia will grow to 130 million tons, the Minister of Agriculture of the Russian Federation Alexander Tkachev declared. The Ministry of Agriculture expects the grain harvest in Russia in 2016 at the level of not less than 110 million tons, and in terms of good weather the figures…
DetailsRussia must take efficient measures to prevent sales of counterfeit pharmaceuticals, Prime Minister Dmitry Medvedev said at a meeting of a presidium of the Presidential Council for Strategic Development and Priority Projects. “Moreover, we should prevent our people from buying counterfeit pharmaceuticals. This is a real threat to life. We need efficient measures to control…
DetailsThe Turkish civil aviation authority has permitted 63 charter flights between Antalya and Russian cities a week. Ibrahim Kalin, spokesman for the Turkish President, said that Ankara welcomed Russia’s decision to restart charter flights. “I want to emphasize that we are very happy with this decision”, he said. Russian President Vladimir Putin abolished a prohibition…
DetailsThe China Machinery Engineering Corporation (CMEC) has built a 100kV substation named Technopark at the China-Belarus Industrial Park Great Stone. CMEC is the general contractor for electrifying the initial development area of the Great Stone Park. The Great Stone Industrial Park is based in Smolevichi district (Minsk region), where a special economic zone will be…
DetailsAccording to the Chinese newspaper “Economic Information Daily”, the Hong Kong-based company China Airspace Industry Group Ltd signed a collaboration agreement with the Ukrainian company Antonov on August 30, in Beijing to establish production sites of the An-225 heavy lift aircraft in China. China Airspace Industry Group Ltd would get, according to the text, all…
DetailsThe Ukrainian government with the support of Prime Minister Volodymyr Groysman has approved of changes to the method of evaluating objects to be privatized, proposed by the State Property Fund (SPF), which will reduce the starting price of Odessa Port-side Chemical Plant. “I believe we should allow the SPF to put the plant up for…
DetailsBelarus is due to host an investment forum in Minsk on September 29-30. Entitled “Broadening the Horizons: Investment, Finance, Development”, the forum will focus on innovations, inflow of foreign direct investments (FDI), and protection of intellectual property rights. The major goal of the forum is to discuss relevant aspects of investment cooperation and attract the…
DetailsBelarus will reduce export duties on oil and oil products exported outside the customs territory of the Eurasian Economic Union on September 1. The decision is contained in Council of Ministers’ executive order No. 689 of August 30, the press service of the Belarusian government reported. The export duty on crude oil will go down…
DetailsBelarus’ proceeds from potash exports fell by 38.3% YoY in January-June to $896.215 million, Belarus’ National Statistics Committee (Belstat) said in an official report. Potash export proceeds decreased as a result of a 22.19% drop in the physical volume of Belarusian potash supplies to 2.31 million tons (in terms of 100% potassium chloride). The average…
DetailsLiquefied gas exports by Belarus’ state oil and gas production monopoly Belorusneft edged down by 30.5% YoY in January-June to $73.7 million, a source in the profile ministry reported. Belorusneft runs a special facility, which produces liquefied gas. Belarus decreased liquefied gas export by 11.4% in January-June to 2,988,300 tons. Export proceeds decreased exclusively due…
DetailsAs of August 1, Belarus’ external state debt totaled $13.3 billion, up by $847 million or by 6.8% since the beginning of the year (taking into account differences in currency exchange rates), representatives of the Belarusian Finance Ministry said. In January-July external state borrowings totaled $1.3 billion, including $800 million borrowed from the Eurasian Fund…
DetailsAzerbaijan Airlines (AZAL) announced the launch of a new autumn campaign, timed to Gurban holiday. A 20% discount will be applied when buying round-trip air tickets in the period from September 5 to 30, to/from Baku to the following destinations: London, Milan, Berlin, Paris, Prague and New York. Departure period: September 15 – December 10.…
DetailsTurkmenistan and Germany signed an agreement on avoidance of double taxation with respect to income and property taxes in Berlin. The signing ceremony took place as a part of the two-day working visit of Turkmen President Gurbanguly Berdimuhamedov to Germany on August 29-30. Turkmengas State Concern also signed the memorandums of understanding with such companies…
DetailsADY Express company has started to transport cargo via the North-South route, the Azerbaijan Railways CJSC said. “Even though there is no railway between Azerbaijan and Iran, ADY Express company has been already transporting cargo via this route”, the message said. “For example, compressed liquid gas (butadiene) was transported from Iran to Russia in a…
DetailsCabinet of ministers of Uzbekistan has adopted a resolution stipulating increase of the fee rate for entry and transit of vehicles from Tajikistan since September 1. Starting from September 1, trucks and buses coming from Tajikistan while crossing the state border of Uzbekistan will pay an additional fee of $180 for entry or transit through…
DetailsAzerbaijan invites Chinese companies to intensify cooperation with local businesses, in particular, in industrial sphere, Chinese media reported citing Azerbaijan’s Deputy Economy Minister Niyazi Safarov. Safarov made the remarks at a session of the Azerbaijan-China Intergovernmental Commission on Trade and Economic Cooperation. Safarov said that Chinese companies participated in Azerbaijan’s 12 projects worth over $640…
DetailsAccording to a USDA report released this month, global walnut production for 2015/2016 is estimated to rise by 155,000 tons from the previous year to 2 million tons, with China and the United States accounting for over 75% of total output. World exports, dominated by the United States, Chile, and Ukraine, are expected to increase…
DetailsThe Ukrainian government has ordered the national energy holding Naftogaz Ukrainy to store 17 billion cubic meters of gas underground until November 1, in order to ensure uninterrupted supplies of Russian gas to the E.U. CEO Andrei Kobolev said earlier that Naftogaz Ukrainy planned to put 14.5 billion cubic meters of gas in storages, while…
DetailsAs of August 26, grains and pulses (including corn) had been harvested from 9772 thousand ha (68% of the intended area) compared with 10305 thousand ha as of August 26, 2015. Farmers obtained 38.223 MMT with average yields at 3.91 MT/ha (at the same date in 2015 – 37.027 MMT with average productivity at 3.59…
DetailsUkraine’s NNEGC Energoatom plans to hire South Korean nuclear plant operator Korea Hydro & Nuclear Power (KHNP) to complete construction of No. 3 and No. 4 blocks at the Khmelnytsky nuclear power plant and implement the Ukraine-EU Energy Bridge project, the Energy and Coal Industry Ministry said in a statement. Energoatom and KHNP signed a…
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