Hungary: EC to cease probe into Paks with Russia’s assistance

The European Commission (EC) will cease investigation into Hungary’s Paks nuclear power plant project with Russia’s participation as Budapest has provided all necessary explanations regarding construction of two new nuclear reactors at the facility, Bloomberg reported citing Benedek Javor, a Hungarian deputy at the European parliament. Hungary has provided sufficient justification why the construction contract…


Belarus: call for new spheres and forms of cooperation to step up trade with Latvia

The development of direct contacts between businessmen, manufacturers and government agencies of the two countries will allow advancing Belarus-Latvia economic cooperation to a new level. Ambassador Extraordinary and Plenipotentiary of Latvia to Belarus Martins Virsis made the statement as he met with top officials of the Gomel branch of the Belarusian Chamber of Commerce and…


Turkmenistan: Belarusian builders of Garlyk MPF to install third tunneling machine

Belarusian builders of the Garlyk mining and processing factory in Turkmenistan are getting ready to lower the third tunneling machine into the shaft, the press service of the Council of the Republic of Belarus reported. Chairman of the Council of the Republic of the National Assembly of Belarus Mikhail Myasnikovich oversees the project’s implementation. According…


Ukraine: wheat exports still going up

In August Ukraine exported 2851.2 KMT of wheat, up by 50% YoY (1892.8 KMT). Over the first two months of the current season Ukrainian exporters shipped 34% more wheat than over the same period of last season (3575.5 KMT against 2662.4 KMT in July-August 2015/2016). Thailand became the key importer of Ukrainian wheat with purchases…


Ukraine: agricultural associations sign memorandum of cooperation with Brazil

The Ukrainian Agribusiness Club (UCAB) and the Brazilian Rural Society (Sociedade Rural Brasileira, SRB) have signed a memorandum of cooperation during the VII International Conference ‘Large Farm Management’. “Ukraine and Brazil are very similar countries in terms of a starting point in agriculture development. Prior to becoming a strong agricultural country, Brazil had the same…


Ukraine: selling prices of agricultural products up in January-August 2016

In January-August the average selling prices of agricultural enterprises for agricultural products increased by 7.4% YoY, the press-service of the State Statistics Service of Ukraine declared. In particular, in the reporting period the average prices for plant growing commodities grew by 19.4%, and the prices for livestock commodities dropped by 0.9%. Also, in August the…


Ukraine: oilseed crusher number growing

Another vegoil extracting plant has been opened in Ukraine. In Lvov region on the basis of D-Mix ltd a new plant on oilseed crushing was launched.

Planned crushing volume is 50 KMT of oilseeds and the expected turnover is 550 million UAH a year. (UkrAgroConsult/Business World Magazine)

Russia: Cbank to offer regulatory sandboxes to test technologies

The Russian central bank is considering the possibility of launching the so-called regulatory sandboxes for participants of the financial market, when the regulator allows companies or banks to experiment with new technologies without being punished, Deputy Chairwoman Olga Skorobogatova said. “It’s the creation of a regime for banks or participants of the financial market, when…


Russia: Tu-95MS bombers taking part in SCO exercise in Kyrgyzstan

Two strategic missile carrying bombers Tupolev-95MS take part in the Shanghai Cooperation Organization’s anti-terrorist exercise Peace Mission-2016, currently underway in Kyrgyzstan, an assistant to the commander of Russia’s Central Military District Yaroslav Roshchupkin has said. “The planes took off from the Engels airdrome in the Saratov region, stayed in the air for about nine hours…


Russia: 3 air carriers apply for international flights from Moscow’s new airport

Ikar, Vim-Avia and Nordavia air carriers have applied for operating international flights from Zhukovsky airport in the Moscow region, according to the documents released by Russia’s Federal Air Transport Agency (Rosaviatsia). The information on flights operated by those companies from Zhukovsky can be found in the draft protocol to the meeting of the interdepartmental commission…