Ukraine: Ukrzaliznytsia testing GE diesel locomotive

Public joint-stock company Ukrzaliznytsia is testing TE33€ freight diesel locomotive made by General Electric Corporation (the United States). “The General Electric’s locomotive is being tested in Ukraine. The tests will last for four months. All its capabilities will be tested”, Ukrainian Infrastructure Minister Volodymyr Omelyan said at the presentation of the locomotive in Kyiv. He…

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Russia: Uralkali announces EGM decisions

On September 27, Uralkali held its extraordinary general meeting of shareholders (EGM) in the town of Berezniki (Perm Territory). Uralkali’s EGM elected the new board of directors, including Sergey Chemezov, Dmitry Konyaev, Dmitry Lobyak, Luc Maene, Sir Robert Margetts, Dmitry Mazepin, Dmitry Osipov, Paul Ostling and Dimitry Tatyanin. The EGM also elected the new revision…

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Ukraine falls to 85th position in Global Competitiveness Index

Ukraine, that lost three places in the Global Competitiveness Index (GCI) published by the World Economic Forum a year ago, has fallen six places more and was 85th among 138 countries. Ukraine had low scores in the following areas: financial market development (130th), institutions (129th), macroeconomic environment (128th), goods market efficiency (108th) and business sophistication…

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Ukraine: wheat exports 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 2015/16). Thailand is still the key importer of Ukrainian wheat with…

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Greece: TAP adds over 30 km of pipes

The construction of the Trans Adriatic Pipeline (TAP), which is aimed at transporting Azerbaijani gas to Europe, is underway. TAP tweeted on September 28, that over 30 kilometers of steel pipes had already been strung along TAP’s route in Greece and Albania. TAP project envisages transportation of gas from the Stage 2 of development of…

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