Russia: market share of drugs grows

The market share of Russian drugs rose from 24% to 28.5% in eighteen months, Russian Minister of Industry Denis Manturov said.

“The share of Russian drugs (on the pharmaceutical market) rose from 24% to 28.5% in eighteen months, while import fell by 8.5%”, the minister said. (TASS/Business World Magazine)

Ukraine: agreements to complete two reactors of Khmelnitsky NPP reached

Ukraine’s program to stop importing gas envisages the increase in electricity generation, thanks to completion of two reactors of Khmelnitsky nuclear power plant (NPP) and construction of hydroelectric power plants (HPP), Ukrainian Energy and Coal Industry Minister Ihor Nasalyk said. “Agreements to complete two reactors of Khmelnitsky NPP have been reached. In addition, last week…


Ukraine: Azerbaijan makes advance payment for two AN-178 aircraft

Ukraine has already received advance payment for the first two An-178 aircraft in accordance with the contract with Azerbaijan, Deputy Prime Minister, Minister of Regional Development, Construction, Housing and Utilities of Ukraine Hennady Zubko has made a statement during his visit to Antonov state enterprise. “We have the contract order for 10 aircraft. We obtained…


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China: Victrex 10 years at AITC

June marked 10 years since Victrex opened its Asia Innovation and Technology Centre (AITC) in Shanghai, a move that has brought the company and its customers together in close collaboration on product development. The successful approach of the AITC includes cooperative fast prototyping as well as design and process optimisation. Centred on PAEK-based solutions such…


Russia: Tor-M2U air defense missile systems arriving in Siberia

Russia’s new anti-aircraft missiles defense systems Tor-M2U have arrived at a tank formation of the Eastern Military District, stationed in Buryatia republic, Siberia, the district press service reported. “The air defense missile systems have arrived in the republic after successful live-fire exercises at the Kapustin Yar range in the Astrakhan region”, the press service said.…


Kyrgyzstan: issue of electricity supply from Tajikistan in summer rising again

Kyrgyzstan is again considering the issue of electricity supply from Tajikistan in summer, the department of information support of the government reported. The deputy prime minister Oleg Pankratov held a meeting on preparations for the autumn-winter of 2016/2017 and discussed the accumulation of water in the Toktogul reservoir. He instructed the National Energy holding of…


Business World Magazine via e-mail

Every day (except for week-ends and holidays) You can receive the Business World Magazine as an *.html file via e-mail. Each issue has around 80 publications, analytics, statistics, forecasts and prices. DEMO VERSION Business World Magazine informs on doing business in various countries, with special attention paid to Ukraine, Russia, Belarus, Azerbaijan and other ex-USSR countries,…


Ukraine: international reserves keep increasing

Preliminary data suggests that as of July 1, Ukraine’s international reserves amounted to the equivalent of $13.98 billion. The stock of international reserves keeps increasing for a third consecutive month. In June, international reserves expanded by 3.3% MOM, or by $452 million. In annual terms, international reserves rose by 36.3% YoY. June’s increase in international…


Ukraine: hearings of Naftogaz and Gazprom’s gas contract in Stockholm arbitration court to start late September 2016

Hearings by the Arbitration Institute of the Stockholm Chamber of Commerce in litigation between national joint-stock company Naftogaz Ukrainy and Russia’s Gazprom over the natural gas supply and transit contracts signed early 2009 will start late September and late November or early December, respectively, Naftogaz Ukrainy board chairman Andriy Kobolev said. He said that the…