Russia: mortgage lending down in July 2016

The volume of mortgage loans which were provided in Russia in July fell by 17% YoY to 54.8 billion rubles, the United Credit Bureau said in a statement.

The number of mortgage loans also fell by 17% to 34,700 and the average loan size was flat at 1.58 million rubles. (Prime/Business World Magazine)

Russia: RH to establish service center in Iran

The Russian Helicopters holding is intensively working up an issue to establish an authorized technical maintenance center in Iran with the Iran Helicopter Support and Renewal Company (IHSRC), according to the holding’s Deputy Director General Alexander Shcherbinin. “The Russian Helicopters company is discussing the potential supply of Ka-226T and Ansat light utility helicopters to Iran’s…


Russia: fishing fleet equipped with Gonets sattelite system of domestic origin

On August 25, Federal Government-Financed Institution “Center of Fishery Monitoring and Communications” (CFMC) of the Federal Fishery Agency in cooperation with Gonets Sattelite System OJSC, operator of State Space Corporation Roscosmos on communication systems, launched yet another vessel within the framework of the pilot development of electronic ship’s fishing log, says CFMC. The vessel will…


Russia: yield of corn up

Agrarians of the Southern and North Caucasian Federal Districts of Russia started harvesting corn. The first results demonstrated that the average yield exceeded the last year results almost 4 times to 5.98 ton/ha, against 1.63 ton/ha on the same date in 2015, the Ministry of Agriculture declared. In particular, to date the North Caucasian District…


Russia: Roscosmos to spend over $29 million upgrading rocket engine reliability

Russian state space corporation Roscosmos is allocating over 1.9 billion rubles ($29 million) to upgrading carrier rocket engines, rocket boosters and spacecraft, according to materials published on Russia’s official public procurement website. The contracted upgrades include replacing engine parts and materials, increasing engine reliability and reducing defects and failures during test flights. Roscosmos also plans…


Kazakhstan: flour output up in July 2016

According to the Committee on statistics of the Ministry of National Economy of Kazakhstan, in July flour production totaled 266.2 thousand tons, up by 8% YoY.

In 2015/2016 MY Kazakhstan produced 3.6 million tons of wheat flour, up by 8% YoY. (APK-Inform/Business World Magazine)

Azerbaijan: wheat imports down in H1 2016

In January-June the import volumes of wheat to Azerbaijan totaled 682.8 thousand tons, down by 14.7% YoY, the State Statistical Committee of the Republic of Azerbaijan reported. According to the statistics figures, the total cost of imported wheat to the country reached $129.13 (down by 31.1%). In the reporting period Azerbaijan imported 71.4 thousand tons…


Latvia: high-level officials meet to discuss Rail Baltica Intergovernmental Agreement

High-level officials from Estonia, Latvia and Lithuania on August 11, met in Riga to discuss the Intergovernmental Agreement between the states on Rail Baltica railway project implementation. According to Lithuania’s Ministry of Transport and Communications, it was the second round of consultations, after the first on held at the beginning of June. Representatives covered a…


Ukraine: ex-DARPA head to consult Ukroboronprom

Anthony Tether, former head of the Defense Advanced Research Projects Agency (2001-2009), has become a consultant to Ukraine’s state-owned defense conglomerate Ukroboronprom. A memorandum on cooperation between Ukroboronprom and the director of the American company Tony Tether & Associates was signed in the presence in Kyiv. Tether, the first foreign consultant of Ukroboronprom, will give…